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, 2024-2031
Aspartame Market Overview
The Aspartame Market is expected to grow at a high CAGR of 4.5 % during the forecasting period (2024-2031). 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.
Aspartame Market Summary and Scope
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Metrics |
Details |
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Market CAGR |
4.5% |
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Segments Covered |
By Application, By Distribution Channel and By Region |
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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. |
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Fastest Growing Region |
Asia Pacific |
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Largest Market Share |
North America |
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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.
Aspartame Market Dynamics and Trends
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.
Aspartame Market Segmentation 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.
Aspartame Market 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.
Aspartame Market Companies and Competitive Landscape
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.