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Global Aspartame Market: By Raw Material: Aspartic Acid, Phenylalanine; By Application: Beverages, Dairy Products, Confectionery Assorts, Seasonings, Others; By End Use; By Distribution Channel; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Aspartame Market Outlook
The global aspartame market is expected to grow at a CAGR of 4.8% during the period 2023-2028. The market is expected to grow as demand and use of sugar substitutes and artificial sweeteners increase. People are increasingly seeking alternatives to sugar. Companies also are using ingredients such as aspartame in beverages, bakery, confectionery, dairy, sauces, dressings, condiments, etc. Aspartame is also used in medicines to mask unpleasant taste or to enhance taste. North America, Europe and Asia are expected to be key markets.
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Global Market Likely to be Driven by Demand and Use of Alternatives to Sugar
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. While aspartame has nearly the same number of calories per gram as sugar, it is nearly 200 times sweeter than sugar, therefore, a small amount is required to get the same sweetness, and only a little quantity of aspartame is used to sweeten chewing gum, drinks, yoghurt, and medications; this helps keep aspartame's calories per serving to a minimum.
Businesses Use Aspartame in Sugar-free Products; Such Use is Expected to Boost the Global Aspartame Market
Businesses today seek to attract consumers by eliminating sugar from products and using labels that convey the idea of taste without sugar and added calories. Companies thus seek to deliver sensory appeal and meet consumer demand by maintaining popular textures and consistency in products without sugar. For example, Ingredion’s DULCENT™ aspartame, sucralose and Ace-K sweeteners offer sweetness, functionality and cost savings goals in multiple applications.
Popular Beverage Brands Contain Aspartame
Several popular foods and drinks that are 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. 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.
In 1981, aspartame was approved by the U.S. Food and Drug Administration. It is said to be safe even for children and pregnant and breastfeeding women. Aspartame may be considered as an alternative for individuals suffering from diabetes, as it offers sweetness without raising blood sugar levels. However, aspartame is not considered suitable for individuals suffering from a rare genetic disease called phenylketonuria (PKU), thus, foods and drinks with aspartame carry clear information on the label about the presence of phenylalanine.
Multiple Applications of Aspartame Likely to Boost Global Aspartame Market
Aspartame may be used in beverages (including diet sodas, light or low-sugar juices and flavoured waters), dairy products (including light yogurt 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. Common brands of aspartame tabletop sweetener include Equal® (in USA), Canderel® (in Europe) and Pal Sweet® (in Asia).
Some prescription and over-the-counter medicines and chewable vitamins may also contain aspartame to enhance palatability. Aspartame is not suitable for foods that require long durations of baking as prolonged exposure to high temperatures could lead aspartame to lose its sweetness.
Market Segmentation
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By raw material, the market is segmented into:
- Aspartic Acid
- Phenylalanine
By application, the market is divided into:
- Beverages
- Dairy Products
- Confectionery Assorts
- Seasonings
- Medicine and Nutritional Products
- Others
By end-user, the market is classified into:
- Food and Beverages
- Healthcare
- Agriculture
- Cosmetics
By distribution channel, the market is segmented into:
- Supermarkets
- Convenience Stores
- Departmental Stores
- Others
By region, the market is classified into:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Industry Players in the Global Aspartame Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ajinomoto Co., Inc.
- Nantong changhai food additive Co., ltd.
- Hermes Sweeteners Ltd.
- Ingredion Incorporated
- Vitasweet Co.,LTD
- Foodchem International Corporation
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Raw Material |
|
| Breakup by Application |
|
| Breakup by End Use |
|
| 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. |
*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 (2018-2022)
8.3 Global Aspartame Market Forecast (2023-2028)
8.4 Global Aspartame Market by Raw Material
8.4.1 Aspartic Acid
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Phenylalanine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Aspartame Market by Application
8.5.1 Beverages
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Dairy Products
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Confectionery Assorts
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Seasonings
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Medicine and Nutritional Products
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Aspartame Market by End Use
8.6.1 Food and Beverages
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Healthcare
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Agriculture
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Cosmetics
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.7 Global Aspartame Market by Distribution Channel
8.7.1 Supermarkets
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Convenience Stores
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Departmental Stores
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Aspartame Market by Region
8.8.1 North America
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2018-2022)
8.8.1.3 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2018-2022)
8.8.2.3 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2018-2022)
8.8.3.3 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2018-2022)
8.8.4.3 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2018-2022)
8.8.5.3 Forecast Trend (2023-2028)
9 North America Aspartame Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Aspartame Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Aspartame Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Aspartame Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Aspartame Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
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), 2018-2022
3. Global Aspartame Market Forecast: Breakup by Raw Material (USD Million), 2023-2028
4. Global Aspartame Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Aspartame Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Aspartame Historical Market: Breakup by End-User (USD Million), 2018-2022
7. Global Aspartame Market Forecast: Breakup by End-User (USD Million), 2023-2028
8. Global Aspartame Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
9. Global Aspartame Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
10. Global Aspartame Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Aspartame Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Aspartame Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Aspartame Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Aspartame Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Aspartame Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Aspartame Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Aspartame Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Aspartame Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Aspartame Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Aspartame Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Aspartame Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Aspartame Market Structure
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