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Aspartame Market

Global Aspartame Market Size, Share, Analysis, Forecast: By Raw Material: Aspartic Acid, Phenylalanine; By Application: Beverages, Dairy Products, Confectionery Assorts, Seasonings, Medicine and Nutritional Products, Others; By End Use; By Distribution Channel; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032

Global Aspartame Market Outlook

The global aspartame market size is projected to grow at a CAGR of 4.8% between 2024 and 2032. The market is expected to grow as demand and use of sugar substitutes and artificial sweeteners increase.

 

Key Takeaways

  • Companies are increasingly using aspartame as an artificial sweetener in beverages, bakery, confectionery, dairy, and condiments.
  • Aspartame is used in medications like cough drops and chewable vitamins to mask unpleasant taste of formulations.
  • North America, Europe and Asia are expected to be key regional markets.

 

Aspartame, a low-calorie sweetener, is made of two common amino acids, aspartic acid, and phenylalanine, naturally occurring in several foods such as fruits, vegetables, meats, and eggs. Since aspartame has nearly the same number of calories per gram as sugar and is nearly 200 times sweeter than sugar, a small amount is sufficient to get the same sweetness as that of sugar. Only a small quantity of aspartame is used to sweeten chewing gum, drinks, yoghurt, and medications as this helps keep aspartame's calories per serving to a minimum.

 

A major factor driving the aspartame market growth is the rising usage of aspartame in beverages (including diet sodas, light or low-sugar juices and flavoured waters), dairy products (including light yoghurt and low-fat flavoured milk), nutrition bars, desserts (including sugar-free puddings and gelatines, light ice cream and popsicles), chewing gum, sauces, syrups, and condiments. Aspartame is also present in several types of low-calorie tabletop sweeteners and common brands of aspartame tabletop sweeteners include Equal® (in USA), Canderel® (in Europe) and Pal Sweet® (in Asia).

 

Moreover, low-calorie sweeteners are available in small individual packets measured to offer nearly the same level of sweetness as two teaspoons of sugar. Such packets may usually be found at restaurants or coffee shops; aspartame is generally available in blue packets.

 

Global Aspartame Market

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Key Trends and Developments

Expanding food and beverages sector; increasing demand for diet and low-calorie products; changing dietary choices; technological advancements in food processing; and regulatory scrutiny and approval are the major trends in the aspartame market

 

Date Company Event
Feb 2024 Coca-Cola Announced to expand its product range with the introduction of "Coca-Cola Spiced," a new variant that will come in both regular and diet options.
Feb 2024 Ajinomoto Co., Inc. Broadened its corporate venture capital (CVC) arm by establishing new headquarters in the USA, aiming to back innovators in its key growth areas, including healthcare and food & wellness.
Apr 2023 Coca-Cola Pre-mixed, canned cocktail, namely Jack Daniel’s & Coca Cola RTD, expected to hit US stores in May, along with its Zero Sugar variant.

 

 

Trends Impact
Expanding food and beverages sector The expansion of the food and beverages industry supports the demand for aspartame in a range of applications including dairy and confectionery.
Demand for diet and low-calorie products The ongoing popularity of diet sodas and low-calorie, sugar-free beverages supports sustained demand for sugar alternatives like aspartame.
Changing dietary choices Dietary trends, including keto and other low-carb diets, influence the demand for aspartame as consumers seek sweeteners that do not affect blood sugar levels.
Technological advancements in food processing Advances in food processing technologies may enhance the stability and applicability of aspartame in a broader range of products.
Regulatory scrutiny and approval Aspartame continues to undergo rigorous regulatory scrutiny, however, positive reinforcement from health organisations about its safety (when consumed within acceptable limit) can bolster market confidence.

 

Aspartame Market Trends

As awareness of the health risks associated with high sugar intake grows, including obesity, diabetes, and heart disease, consumers increasingly turn to diet sodas and sugar-free beverages as alternatives. These products allow individuals to enjoy sweet tastes without the caloric burden of sugar, aligning with broader health and wellness trends. Aspartame is one of the few sweeteners that can mimic the taste profile of sugar closely, making it a preferred choice for consumers who do not want to compromise on taste. The ability to maintain consumer satisfaction with the taste of diet and low-calorie beverages is crucial for their continued popularity as well as the development of the aspartame market.

 

There is an increased focus on product  innovation by beverage manufacturers to catch up with ongoing trends. In February 2024, Coca-Cola announced that it is expanding its core product lineup by launching a novel flavour called "Coca-Cola Spiced." This addition marks an innovative expansion, offering a unique twist to the classic Coca-Cola taste by infusing it with spiced notes. The introduction of this new variant caters to evolving consumer preferences for diverse and unique beverage flavours and will be available in both regular and diet formulations.

 

aspartame market by segments

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Market Segmentation

“Aspartame Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Raw Material Aspartic Acid, Phenylalanine
Application Beverages, Dairy Products, Confectionery Assorts, Seasonings, Medicine and Nutritional Products, Others
End Use Food and Beverages, Healthcare, Agriculture, Cosmetics
Distribution Channel Supermarkets, Convenience Stores, Departmental Stores, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

Beverages account for the majority of the aspartame market share as aspartame is widely used in beverage production as a sweetening agent, boasting minimal calories

Beverages hold a significant share of the market due to several factors that support the widespread use of this artificial sweetener in the beverage industry. Consumers are seeking low-calorie or diet options to reduce sugar intake without compromising on the sweet taste of beverages, and aspartame allows manufacturers to offer the same taste with significantly lower calories when compared to sugar. Aspartame is a low-calorie sweetener that is about 200 times sweeter than sugar, making it a popular choice for reducing calorie content without sacrificing sweetness.

 

Several popular beverages available in the low-calorie variety contain aspartame. For example, popular Coca-Cola products that contain aspartame include Coke Zero Sugar, Diet Barq’s, Diet Coke, Diet Coke Feisty Cherry, Fanta Zero, Fresca, Gold Peak Diet Tea, Mello Yello Zero, Minute Maid Light, Pibb Zero, Seagram’s Diet Ginger Ale, Sprite Zero, and TaB. Aspartame may be considered an alternative for individuals suffering from diabetes, as it offers sweetness without raising blood sugar levels.

 

Medicinal and nutritional products are also expected to gain robust growth in the aspartame market. Some prescription and over-the-counter medicines and chewable vitamins may also contain aspartame to enhance palatability. In 1981, aspartame was approved by the U.S. Food and Drug Administration, and it is said to be safe even for children and pregnant and breastfeeding women.

 

Competitive Landscape

The market players are increasing their research and development activities and launching new products to gain a competitive edge in the market

 

Company Headquarters Operations Products
Ajinomoto Co., Inc. Tokyo, Japan Food and amino acid technologies Cooking oils, frozen foods, beverages
Nantong changhai food additive Co., ltd. Jiangsu, China Production of food additives, with a focus on aspartame Aspartame and other sweeteners
Hermes Sweeteners Ltd. Zug, Switzerland Manufacturing and distributing a range of sweetener products Tabletop sweeteners, aspartame-based sweeteners
Ingredion Incorporated Illinois, United States Ingredients solutions Starches, sweeteners, nutrition ingredients, and biomaterial solutions

 

Other major players in the aspartame market include Vitasweet Co., LTD, and Foodchem International Corporation, among others. Companies are continuously innovating to improve the taste and stability of aspartame in various applications, including high-temperature processes and acidic environments, which are common in food and beverage production.

 

Global Aspartame Market by Region

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Aspartame Market Analysis by Region

The aspartame market in the Asia Pacific has been growing, driven by several factors that reflect the region's dynamic economic development, changing consumer preferences, and evolving food and beverage sector landscapes. Economic growth across many Asia Pacific countries has led to increased disposable incomes, enabling consumers to spend more on food and beverage products, including those that are marketed as healthier or diet options. This economic uplift has broadened the consumer base for products containing aspartame. There is a significant shift towards health and wellness in consumer behaviour patterns within the region. With rising awareness about obesity, diabetes, and other health issues associated with high sugar consumption, there's a growing preference for low-calorie sweeteners like aspartame in diets.

 

The North America aspartame market is also anticipated to witness a considerable growth in the coming years. The beverage sector, particularly the diet soda segment, is a major consumer of aspartame in North America as diet sodas have been a staple in the American diet for decades, and despite fluctuations in popularity, they continue to hold a significant market share. The growing consumer awareness about health and wellness is driving the demand for low-calorie sweeteners like aspartame. Aspartame's ability to replicate the sweetness of sugar with reduced calories makes it an attractive option for beverage manufacturers.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Raw Material
  • Application
  • End Use
  • Distribution Channel
  • Region
Breakup by Raw Material
  • Aspartic Acid
  • Phenylalanine
Breakup by Application
  • Beverages
  • Dairy Products
  • Confectionery Assorts
  • Seasonings
  • Medicine and Nutritional Products
  • Others
Breakup by End Use
  • Food and Beverages
  • Healthcare
  • Agriculture
  • Cosmetics
Breakup by Distribution Channel
  • Supermarkets
  • Convenience Stores
  • Departmental Stores
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ajinomoto Co., Inc.
  • Nantong changhai food additive Co., ltd.
  • Hermes Sweeteners Ltd.
  • Ingredion Incorporated
  • Vitasweet Co.,LTD
  • Foodchem International Corporation
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Aspartame Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Aspartame Historical Market (2018-2023) 
    8.3    Global Aspartame Market Forecast (2024-2032)
    8.4    Global Aspartame Market by Raw Material
        8.4.1    Aspartic Acid
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Phenylalanine
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
    8.5    Global Aspartame Market by Application
        8.5.1    Beverages
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Dairy Products
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Confectionery Assorts
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Seasonings
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Medicine and Nutritional Products
            8.5.5.1    Historical Trend (2018-2023)
            8.5.5.2    Forecast Trend (2024-2032)
        8.5.6    Others
    8.6    Global Aspartame Market by End Use
        8.6.1    Food and Beverages
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Healthcare
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Agriculture
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Cosmetics
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
    8.7    Global Aspartame Market by Distribution Channel
        8.7.1    Supermarkets
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Convenience Stores
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    Departmental Stores
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)
        8.7.4    Others    
    8.8    Global Aspartame Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Aspartame Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Aspartame Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Aspartame Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Aspartame Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Aspartame Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis  
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Ajinomoto Co., Inc.
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Nantong changhai food additive Co., ltd.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Hermes Sweeteners Ltd.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Ingredion Incorporated
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Vitasweet Co.,LTD
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Foodchem International Corporation
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

List of Figures and Tables

1.    Global Aspartame Market: Key Industry Highlights, 2017 and 2021
2.    Global Aspartame Historical Market: Breakup by Raw Material (USD Million), 2018-2023
3.    Global Aspartame Market Forecast: Breakup by Raw Material (USD Million), 2024-2032
4.    Global Aspartame Historical Market: Breakup by Application (USD Million), 2018-2023
5.    Global Aspartame Market Forecast: Breakup by Application (USD Million), 2024-2032
6.    Global Aspartame Historical Market: Breakup by End-User (USD Million), 2018-2023
7.    Global Aspartame Market Forecast: Breakup by End-User (USD Million), 2024-2032
8.    Global Aspartame Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9.    Global Aspartame Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10.    Global Aspartame Historical Market: Breakup by Region (USD Million), 2018-2023
11.    Global Aspartame Market Forecast: Breakup by Region (USD Million), 2024-2032
12.    North America Aspartame Historical Market: Breakup by Country (USD Million), 2018-2023
13.    North America Aspartame Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Europe Aspartame Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Europe Aspartame Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    Asia Pacific Aspartame Historical Market: Breakup by Country (USD Million), 2018-2023
17.    Asia Pacific Aspartame Market Forecast: Breakup by Country (USD Million), 2024-2032
18.    Latin America Aspartame Historical Market: Breakup by Country (USD Million), 2018-2023
19.    Latin America Aspartame Market Forecast: Breakup by Country (USD Million), 2024-2032
20.    Middle East and Africa Aspartame Historical Market: Breakup by Country (USD Million), 2018-2023
21.    Middle East and Africa Aspartame Market Forecast: Breakup by Country (USD Million), 2024-2032
22.    Global Aspartame Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.

The market is primarily driven by growing health consciousness among consumers, who are increasingly seeking low-calorie, sugar-free alternatives to traditional sweeteners, coupled with the continuous innovation and development of new diet and zero-calorie products.

The key trends aiding the market include the rising demand for diet and low-calorie carbonated drinks or beverages, changing dietary choices, technological advancements in food processing, and regulatory scrutiny and approval.

The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Aspartame can be produced via fermentation and various synthetic chemical pathways. The production of aspartame involves a complex process which includes synthesis of its two main amino acid components: phenylalanine and aspartic acid.

Aspartame works as a sweetener by stimulating the taste receptors on the tongue that detect sweetness, much like sugar does, but with a significant difference in potency and the way it is metabolised by the body. It is 200 times sweeter than sugar and can also be consumed by diabetic people.

Aspartame is widely used as an artificial sweetener in soft drinks, dairy products, chewing gums, and as a tabletop sweetener. Besides its use in reduced calorie foods, it can be found in nutraceutical supplements and medications.

The major players in the market are Ajinomoto Co., Inc., Nantong changhai food additive Co., ltd., Hermes Sweeteners Ltd., Ingredion Incorporated, Vitasweet Co., LTD, and Foodchem International Corporation, among others.

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Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

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