Aspartame Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DM2347 | Last Updated On: Oct 25 2022 | Available Formats

> Global Aspartame Market Expected to reach at a high CAGR of 4.5 % by 2029: DataM Intelligence

Global Aspartame Market is segmented By Application (Food & Beverages, Dairy, Nutritional & Dietary Products, Pharmaceuticals, Others), By Distribution Channel (Supermarkets & Hypermarkets, Online Stores, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

The Global "Aspartame Market" is expected to grow at a high CAGR of 4.5 % during the forecasting period (2022-2029).

Aspartame Market insights

Metrics

Details

Market CAGR

4.5%

Segments Covered

 By Application, By Distribution Channel and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

Get A Free Sample Click Here

Aspartame is majorly sold under Nutrasweet and Equal's brand name and is extensively used in the packaged products labeled “diet.” The sweetness of aspartame is 200 times more than that of sucrose. It is unstable at normal cooking and baking temperatures.  The raw material used in the production of aspartame is naturally occurring amino acids, including aspartic acids and phenylalanine. It is commonly used as a low-calorie, artificial sweetener and sugar-substitutes in low-calorie foods and drinks. It is used as a replacement for sucrose for more than 6000 consumer food and beverages worldwide.

Market Dynamics:

Increasing demand for food & beverages labeled with diet and increasing demand for low-calorie sweeteners is the primary factor driving the global aspartame market. Increasing dietary habits among the population to reduce various diseases is expected to boost the huge demand for calorie-free beverages globally during the forecast period. Additionally, the beverage manufacturers' increasing production launches in low-calorie-based drinks might further boost the market for aspartame globally during the forecast period.

Increasing government regulations and a ban imposed on the usage of aspartame in food and beverages is the primary factor hindering aspartame's growth during the forecast period.

However, the increasing availability of alternatives for low-calories sugar, growing shift in hatred among the consumers towards sugar-added beverages are factors hindering the growth of the Aspartame market globally during the forecast period.

Segment Analysis

The global aspartame market is segmented on application into food & beverages, dairy, nutritional & dietary products, pharmaceuticals, etc.

The food and beverages segment dominates the global aspartame market due to the growing usage of aspartame in diet-labeled products and the increasing demand for beverages powered with aspartame. In Beverages, aspartame is used to process aseptic drinks, carbonated drinks, RTD beverages, Malt Beverages, Teas, Alcoholic beverages, and many others. Aspartame is also used in minimal quantities in snack foods, bakery foods, fruit-based products, dairy products, and confectionaries.  

Geographical Presentation

By region, the global aspartame market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa.

The Asia Pacific is expected to dominate the global aspartame market owing to a huge consumer-based inclination towards processed food and beverages and increasing consumer interest towards low-calorie food. The majority of the consumer base located across the region is aged between 18-35, and the majority are inclined to consume healthy beverages labeled with diet. China and India are expected to hold the majority of the market share in the Asia aspartame market due to the low-calorie food industry's huge presence and increasing awareness among the communities towards low-calorie diets. The regional and global processed food manufacturers located across these countries are launching new products labeled diet to caterer to the demand might further boost the market for aspartame in the Asia Pacific during the forecast period.

Competitive Analysis

The global aspartame market is a highly stabilized unit dominated by 3-4 global and the rest by a large group of regional players, focusing on developing a novel, innovative formulation of aspartame for household usage. Increasing the food processing interest towards other low-cost sweeteners led the manufacturers to close down their production units or shift from production units to market-demanded products.

  • In January 2019, Merisant US-based manufacturer for Equal brand products, launched Sugary Sweet, a range of zero-calorie sweeteners. These zero-calorie sweeteners are powered with sucralose and aspartame.

Some of the key players in the global Aspartame market include Ener-G Foods, Inc., Arla Foods Ingredients Group P/S, DuPont Nutrition & Biosciences, etc.

Why Purchase the Report

  • Visualize the global aspartame market's composition in terms of application, distribution channel highlighting the key commercial assets and players.
  • Identify commercial opportunities in the global aspartame market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data f - level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

**The global aspartame report will provide access to approximately 58 market data tables, 51 figures, and 230 pages.

Target Audience

  • Investors/Investment Bankers
  • Food Ingredient Manufacturers
  • Distributors
  • Research Organizations

Frequently Asked Questions

What is the Projected CAGR value of the Aspartame Market?

Aspartame Market is expected to grow at a CAGR of 4.5% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Aspartame Market during 2022-2029.

Which is the fastest growing region in the Aspartame Market?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period.

Trending Topics

Clinical Nutrition Market

Sports Nutrition Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest