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Global Neotame Market: By Application: Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics and Personal Care, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Neotame Market Outlook

The global neotame market is expected to grow at a CAGR of 4.8% in the forecast period of 2021-2026.

 

Emerging Demand for Food Additives to Aid the Market Growth of Neotame

The global market for neotame is being driven by the emerging demand for food additives, along with the gradual move towards neotame as an artificial sweetener globally. In addition, neotame helps in reducing the cost of production as it is required in less quantity to achieve the desired sweetening, which further propelling its demand growth. Neotame is in huge demand globally due to its significant demand from the food and beverage industry, where it is used to manufacture a variety of products owing to its cost-efficiency. The neotame industry is expanding rapidly as the consumers have now become conscious about their health and prefer an alternative, which offers the same amount of sweetness as sugar and some amount of nutrients. This is influencing the market positively and is expected to aid the market growth over the forecast period as well.

 

Neotame: Industry Definition and Segmentation

Neotame, an artificial sweetener, has a sweet taste as that of sucrose but is different from it as neotame does not offer a bitter aftertaste. Neotame has distinct advantages like a decent stability at a neutral pH, extremely potency, stability at mild temperatures, and rapid metabolization. Therefore, it finds many uses in baked foods and confectioneries.

On the basis of application, the market is divided into:

  • Food and Beverage
  • Pharmaceuticals
  • Animal Feed
  • Cosmetics and Personal Care
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Extensive Applications of Neotame to Aid the Market Growth

The neotame industry is being driven by the extensive applications of the product in the food and beverage industry. It is used for various applications in confectionery, bakery, flavoured candies, and flavoured chewing gums. Neotame is majorly used in the food and beverage industry on account of its low cost and high metabolism, thereby aiding the market growth. In other applications like cosmetics and pharmaceuticals, it is gradually growing as per the rising demand in the sectors. Although neotame has been approved by the FDA in 2002, the market maybe hampered over the forecast period due to the ongoing debate regarding its limited use in food products as it is harmful when consumed in a large amount.

 

Key Industry Players in the Global Neotame Market

The report gives a detailed analysis of the following key players in the global neotame market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • WuHan HuaSweet Co., Ltd
  • Foodchem International Corporation
  • Fooding Group Limited
  • NutraSweet Co.,
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

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    Industry Opportunities and Challenges
8    Global Neotame Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Neotame Historical Market (2016-2020) 
    8.3    Global Neotame Market Forecast (2021-2026)
    8.4    Global Neotame Market by Application
        8.4.1    Food and Beverage
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Pharmaceuticals
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Animal Feed
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
        8.4.4    Cosmetics and Personal Care
            8.4.4.1    Market Share
            8.4.4.2    Historical Trend (2016-2020)
            8.4.4.3    Forecast Trend (2021-2026)
        8.4.5    Others
    8.5    Global Neotame Market by Region
        8.5.1    Market Share
            8.5.1.1    North America
            8.5.1.2    Europe
            8.5.1.3    Asia Pacific
            8.5.1.4    Latin America
            8.5.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.2    Europe Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.3    Asia Pacific Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.4    Latin America Historical Price Trends (2016-2020) and Forecast (2021-2026)
    12.5    Middle East and Africa Historical Price Trends (2016-2020) and Forecast (2021-2026)
13    Competitive Landscape
    13.1    Market Structure
    13.2    Company Profiles
        13.2.1    WuHan HuaSweet Co., Ltd 
            13.2.1.1    Company Overview
            13.2.1.2    Product Portfolio
            13.2.1.3    Demographic Reach and Achievements
            13.2.1.4    Certifications
        13.2.2    Foodchem International Corporation
            13.2.2.1    Company Overview
            13.2.2.2    Product Portfolio
            13.2.2.3    Demographic Reach and Achievements
            13.2.2.4    Certifications
        13.2.3    Fooding Group Limited
            13.2.3.1    Company Overview
            13.2.3.2    Product Portfolio
            13.2.3.3    Demographic Reach and Achievements
            13.2.3.4    Certifications
        13.2.4    NutraSweet Co.,
            13.2.4.1    Company Overview
            13.2.4.2    Product Portfolio
            13.2.4.3    Demographic Reach and Achievements
            13.2.4.4    Certifications
        13.2.5    Others
14    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Figures and Tables

1.    Global Neotame Market: Key Industry Highlights, 2016 and 2026
2.    Global Neotame Historical Market: Breakup by Application (USD Million), 2016-2020
3.    Global Neotame Market Forecast: Breakup by Application (USD Million), 2021-2026
4.    Global Neotame Historical Market: Breakup by Region (USD Million), 2016-2020
5.    Global Neotame Market Forecast: Breakup by Region (USD Million), 2021-2026
6.    North America Neotame Historical Market: Breakup by Country (USD Million), 2016-2020
7.    North America Neotame Market Forecast: Breakup by Country (USD Million), 2021-2026
8.    Europe Neotame Historical Market: Breakup by Country (USD Million), 2016-2020
9.    Europe Neotame Market Forecast: Breakup by Country (USD Million), 2021-2026
10.    Asia Pacific Neotame Historical Market: Breakup by Country (USD Million), 2016-2020
11.    Asia Pacific Neotame Market Forecast: Breakup by Country (USD Million), 2021-2026
12.    Latin America Neotame Historical Market: Breakup by Country (USD Million), 2016-2020
13.    Latin America Neotame Market Forecast: Breakup by Country (USD Million), 2021-2026
14.    Middle East and Africa Neotame Historical Market: Breakup by Country (USD Million), 2016-2020
15.    Middle East and Africa Neotame Market Forecast: Breakup by Country (USD Million), 2021-2026
16.    North America Historical Price Trends and Forecast 2016-2026
17.    Europe Historical Price Trends and Forecast 2016-2026
18.    Asia Pacific Historical Price Trends and Forecast 2016-2026
19.    Latin America Historical Price Trends and Forecast 2016-2026
20.    Middle East and Africa Historical Price Trends and Forecast 2016-2026
21.    Global Neotame Market Structure

Key Questions Answered in the Report

The global neotame market is projected to grow at a CAGR of 4.8% between 2021 and 2026.

The major drivers of the industry, such as rising disposable incomes, emerging demand for food additives, the product’s extensive applications, and the increasing demand from the food and beverages industry, are expected to aid the market growth.

The key trend guiding the growth of the market includes the rising population of health-conscious consumers who prefer sugar alternatives.

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

The leading application segments in the market are food and beverage, pharmaceuticals, animal feed, and cosmetics and personal care, among others.

The major players in the industry are WuHan HuaSweet Co., Ltd, Foodchem International Corporation, Fooding Group Limited, and NutraSweet Co., among others.

Analyst Review

The global neotame market is being driven by rising demand for food additives. Aided by the growing health consciousness, the market is expected to witness a healthy growth in the forecast period of 2021-2026, growing at a CAGR of 4.8%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the market is segmented into food and beverage, pharmaceuticals, animal feed, and cosmetics and personal care, among others. The major regional markets for neotame are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include WuHan HuaSweet Co., Ltd, Foodchem International Corporation, Fooding Group Limited, and NutraSweet Co., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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