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Historical Year
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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.
Global Aspartame Market Report Summary | Description | Value |
Base Year | USD Billion | 2023 |
Historical Period | USD Billion | 2018-2023 |
Forecast Period | USD Billion | 2024-2032 |
Market Size 2023 | USD Billion | XX |
Market Size 2032 | USD Billion | XX |
CAGR 2018-2023 | Percentage | XX% |
CAGR 2024-2032 | Percentage | 4.8% |
CAGR 2024-2032 - Market by Region | Asia Pacific | 6.2% |
CAGR 2024-2032 - Market by Country | India | 7.1% |
CAGR 2024-2032 - Market by Country | China | 6.0% |
CAGR 2024-2032 - Market by Raw Material | Aspartic Acid | 5.3% |
CAGR 2024-2032 - Market by Application | Food and Beverages | 5.3% |
Market Share by Country 2023 | Canada | 2.4% |
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.
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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. |
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.
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“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 |
CAGR 2024-2032 - Market by | Country |
India | 7.1% |
China | 6.0% |
Saudi Arabia | 5.5% |
Canada | 4.5% |
Australia | 4.2% |
USA | 3.9% |
UK | XX% |
Germany | XX% |
France | XX% |
Italy | XX% |
Brazil | XX% |
Mexico | XX% |
Japan | 3.7% |
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.
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.
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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.
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:
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Breakup by Application |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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