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Region : Global | Published Date: Upcoming | Report ID: FBI100175| Status : Upcoming
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. Cyclamte is majorly banned in the U.S. and other countries considering the ill effects, while Europe consider it as 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.
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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 market. Permission to use aspartame across various industries by leading food ingredient regulatory authorities, such as US Food and Drug Administration (FDA), is expected to contribute majorly in the growth of aspartame market during the forecast period.
Adverse health impacts induced by aspartame on human health and availability of natural sourced alternatives such as stevia is hindering the growth of the aspartame market. Adoption of natural sweeteners such as molasses, fruit juices, honey and others over artificial sweeteners can also impact the aspartame market negatively in the upcoming years.
Key market players operating in the aspartame market are Niutang Chemical Ltd., Hermes Sweetener Ltd., Ajinomoto Group, Foodchem International Corporation, and Vitasweet.
By Raw Material
· Aspartic Acid
· Food (Bakery, Confectionery, Dairy, and Others)
· North America (U.S., Canada, and Mexico)
· Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe)
· Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)
· South America (Brazil, Argentina, and Rest of South America)
· Middle East & Africa (South Africa and Rest of MEA)
North America is projected to hold 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 the 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 the aspartame market.