Global Aspartame Market Outlook 2018-2023

The global aspartame market is expected to display higher growth rate over the next seven years. The aspartame market is subject to witness a substantial growth due to the increasing demand from dietary food products and processed food industry. Growing awareness towards adoption of healthier food habits and a balanced diet are expected to drive the growth of aspartame market over the forecast period. Globally, the market is predicted to generate massive revenue over next seven years, providing numerous opportunities for market players to invest for research and development in the aspartame market.

Favorable government policies regarding use of artificial sweeteners and stringent laws & regulation to promote use of specific ingredients involving coloring and flavorings agents are anticipated to boost market demand for aspartame over the forecast period. Aspartame (APM) is commonly known as an artificial non-saccharide sweetener, which is majorly used as a sugar substitute in processed foods and beverages. Aspartame is chemically identified as a methyl ester, which is derived from aspartic acid/phenylalanine dipeptide.

Aspartame is primarily used as sweetener in foods and beverages industry as it is about 200 times sweeter in comparison with sugar. Aspartame offers the same level of sweetness as that of sugar, thus lowering amount of the calories in the food or beverage products. Higher approval rate from both international & regional government authorities such as FDA i.e. Food and Drug Administration, American Dietetic Association, American Heart Association, and United Nations Food and Agriculture Organization is expected to favor market expansion in the near future.

Growing popularity of the aspartame is credited to increasing awareness among general population and rising number of promotional activities by private organizations across the globe. However, growing concerns regarding side effects of aspartame on the human health is expected to limit market demand to a certain extent. In addition, increasing preference of natural sweetener over synthetic products is restraining market growth as well.  

The aspartame market is broadly categorized into five major segments based on the application type such as food & beverages industry, pharmaceutical sector, cosmetics industry, animal feeds and agriculture goods sector. The food & beverages industry is considered as one of the fastest growing segment in the with substantial revenue generation in the last few years. 

The aspartame market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in the implementation of latest technologies in food & beverages industry, increase in the number of research & development activities in the region and existence of well-established infrastructure. Asia-Pacific region is predicted to hold major market share in the aspartame market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with ever-growing population, favorable government initiatives, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the aspartame market are Ajinomoto Group, Inc., NutraSweet Co., Niutang Chemical Ltd., HYET Sweet B.V., Merisant Co., Cargill Inc., Hermes Sweetener Ltd., Ingredion Inc., Vitasweet Co., Ltd., Foodchem International Co., Shaoxing Marina Biotechnology Co., Ltd. (Yamei aspartame) Daesang, and Changmao Biochemical Engineering Ltd.

Global aspartame (APM, CAS 22839-47-0) market is anticipated to grow at a CAGR of 5.8% by 2023, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (beverage & food, dairy products, pharmaceutical, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the aspartame market on a global and regional level. The study provides historic data of 2013-2017 along with a forecast from 2018 to 2023 based on both output/volume and revenue. The study then describes the drivers and restraints for the aspartame market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the aspartame market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global aspartame market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the beverage & food, dairy products, pharmaceutical, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2023. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global aspartame market.

Key Applications
- Beverage & Food
- Dairy Products
- Pharmaceutical

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Ajinomoto
- CMBEC
- Daesang
- Gsweet Biotech
- Hanguang Group
- HYET Sweet
- Niutang
- Vitasweet
- request free sample to get a complete list of companies

Key Questions Answered in this Report
- What will the market size be in 2023?
- What are the key factors driving the global aspartame market?
- What are the challenges to market growth?
- Who are the key players in the aspartame market?
- What are the market opportunities and threats faced by the key players?