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Global Aspartame Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Application (Beverages, Dairy, Confectionary And Bakery, Processed Food, Others), And Geography - Forecasts From 2019 To 2024

Published: Apr 2021 | Report Code:  KSI061612582 | Pages:  96

The global aspartame market is projected to grow at a CAGR of 5.30% over the forecast period of 2018-2024. Aspartame is a high-intensity low-calorie sweetener that is approximately 200 times sweeter than sugar. The demand for aspartame will grow on account of raising awareness towards the adoption of a healthier lifestyle and a balanced diet. In addition, raising awareness regarding the negative effects of sugar coupled with the increasing prevalence of diabetes will further boost the demand for this sweetener.

The North American and the European regions held a high share in the market on account of high consumption of beverages, confectionaries, nutritional and dairy products, which are some of the most notable areas where aspartame is used. The Asia Pacific region will witness substantial growth during the forecasted period owing to the rapid urbanization and rise in the average disposable incomes. However, long-term health concerns related to the use of artificial sweeteners will restrict the growth potential of aspartame over the forecast period.

DRIVERS

Growing demand for a natural sugar alternative

Rising awareness towards adoption of a healthier lifestyle

RESTRAINTS

Long-term health concerns

Availability of natural substitutes

INDUSTRY UPDATE

In February 2018, PepsiCo announced it will be adding aspartame back to its flagship diet Pepsi product after pulling the ingredient in 2015.

The major players profiled in the Aspartame market include Ajinomoto Group, Foodchem International Corporation, Niutang Chemical Ltd., HYET Sweets, Vitasweet, Shaoxing Marina Biotechnology Co., Ltd., Daesang Corporation, Hermes Sweetener Ltd., and Changmao Biochemical Engineering.

Global Aspartame Market Scope:

Report Metric Details
 Growth Rate  CAGR of 5.30% during the forecast period
 Base year  2019
 Forecast period  2019–2024
 Forecast Unit (Value)  USD Billion
 Segments covered  Application, And Geography
 Companies covered Ajinomoto Group, Foodchem International Corporation, Niutang Chemical Ltd., Shaoxing Marina Biotechnology Co., Ltd., HYET Sweets, Vitasweet, Daesang Corporation, Changmao Biochemical Engineering, Hermes Sweetener Ltd.
 Customization scope  Free report customization with purchase

 

Segmentation

The Aspartame market has been analyzed through the following segments:

  • By Application
    • Dairy
    • Beverages
    • Confectionary and Bakery
    • Processed Food
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Others
    • Middle East and Africa
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Target audience

Manufacturers

Suppliers

Distributors

Service Providers

Government Agencies

Research Organizations

Consultants


Frequently Asked Questions (FAQs)

Q1. What are the growth prospects for the global aspartame market?
A1. The global aspartame market is expected to grow at a CAGR of 5.30% over the forecast period.
 
Q2. Who are the major players in the global aspartame market?
A2. Some of the major players in the global aspartame market are AjinomotGroup, Foodchem International Corporation, Niutang Chemical Ltd., HYET Sweets, Vitasweet, Shaoxing Marina Biotechnology Co., Ltd., Daesang Corporation, Hermes Sweetener Ltd., and Changmao Biochemical Engineering.
 
Q3. What is the base year considered in the global aspartame market report?
A3.  2019 has been taken as the base year in the global aspartame market.
 
Q4. What factors are anticipated to drive the global aspartame market growth?
A4. The growth of the global aspartame market is the demand for aspartame will grow on account of raising awareness towards the adoption of a healthier lifestyle and a balanced diet.
 
Q5. How is the global aspartame market segmented?
A5. The global aspartame market has been segmented by application, end-user industry, and geography.
 

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