Aspartame Market Size, Share and Global Trend by Raw Material (Aspartic Acid, Phenylalanine), Application Type (Food, Beverages) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
The global aspartame market is expected to be flourishing significantly during the forecast period, owing to an increase in the number of the health-conscious population across the globe, who prefer sugar-free food and beverage products. The low-calorie content of aspartame as compared to sugar is encouraging the growth of the aspartame industry. Permission to use aspartame across various industries by leading food ingredient regulatory authorities, such as the US Food and Drug Administration (FDA), is expected to contribute majorly to the growth of the aspartame industry during the forecast period.
Adverse health impacts induced by aspartame on human health and the availability of naturally sourced alternatives such as stevia is hindering the growth of this aspartame market. Adoption of natural sweeteners such as molasses, fruit juices, honey, and others over artificial sweeteners can also impact the market negatively in the upcoming years.
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Aspartame and others such as acesulfame-K, alitame, cyclamate, glycyrrhizin, saccharin, stevioside, sucralose, and thaumatin are different types of intense sugar. Aspartame is the third-largest consumed (by volume) type of intense sugar after saccharin and cyclamate. Cyclamate is majorly banned in the U.S. and other countries considering the ill effects, while Europe considers it a safe product.
Aspartame is a type of artificial sweetener used as a sugar alternative in various food & beverages. Aspartame is identified as a low-calorie sweetener and is much sweeter than sugar. The product has found applications in major industries such as food, pharmaceuticals, and others due to its properties.
KEY PLAYER COVERED
- Niutang Chemical Ltd.
- Hermes Sweetener Ltd.
- Ajinomoto Group
- Foodchem International Corporation
- Vitasweet
Aspartame Market SEGMENTATION Analysis
ATTRIBUTES | DETAILS |
By Raw Material |
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By Application |
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By Geography |
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Among applications, the food production segment is projected to dominate the global aspartame market, due to the broader use of aspartame in many food products due to its taste enhancement properties as well as the ability to improve the shelf-life of food products. In food preparations such as particular desserts, candies, jellies, and others aspartame is widely used. The beverage segment is expected to be growing significantly as aspartame has wide applications in various dietary drinks, coffee, and several carbonated drinks.
REGIONAL ANALYSIS
North America is projected to hold a significant market share in the global aspartame market, due to the high consumption of aspartame as a sugar alternative in the region. High usage of aspartame in the production of various confectioneries, beverages, and other food products is escalating the growth of the aspartame market in North America. Furthermore, favorable regulatory conditions towards the use of aspartame, coupled with the presence of giant market players in the region, such as Foodchem International Corporation will aid the growth of the market in upcoming years.
Aspartame market in the Asia Pacific is expected to witness a significant rise in the coming years, due to permission of regulatory authorities on the use of intense sweeteners is significant in Asian countries such as New Zealand and Australia. The authorized permission on the use of aspartame is expected to increase the number of aspartame producers as well as distributors in the region, which will further boost the growth of this aspartame industry.
Key Industry Developments
- In January 2018, The Coca-Cola Company launched new diet coke flavours in which the company used the blend of Acesulfame potassium (ace-K) and aspartame as sweetener.
- Ongoing
- 2023
- 2019-2022
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