The global Aspartame market reached a value of about USD 3.05 billion in 2021. The industry is projected to grow at a CAGR of around 4.5% in the forecast period of 2022-2027 to reach a value of about USD 3.97 billion by 2027.
The global Aspartame industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The rising health consciousness among consumers and preference for sugar substitutes drive the industry's growth. North America is the highest category spender by region that is driving the demand for the Aspartame industry.
Aspartame is a dipeptide comprising phenylalanine and aspartic acid that is synthesised; it is a non-saccharide artificial sweetener 200 times sweeter than cane sugar and is used as a non-nutritive tabletop sweetener and in low-calorie prepared dishes, but not for baking. It is often used to replace sugar in meals and beverages. The Aspartame industry report comprises segments by application (Beverage, Food, Tabletop, Sweeteners, and Pharma & Others) and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).
North America holds the largest share in the industry due to the increased usage of aspartame in beverages such as milk, drinks, tea, and soft drinks and the presence of rules and regulations within the area.
The extensive application of the product is aiding the market in the food, beverage, and health and personal care industries. The rising health consciousness among consumers leads to an increased demand for Sugar alternatives furthering the industry's growth. The surge in popularity of non-nutritive, powerful sweetening agents generated from genetically engineered amino acids and increased government restrictions pushing producers to utilise certain additives such as flavourings and colouring agents are further boosting the market expansion. Other factors such as changing lifestyles, increased consumer purchasing power, and increased marketing and branding of various sugar replacement goods are likely to impact the market positively.
However, strict regulations over its use and possible adverse health effects are likely to hamper the industry's expansion.
The global Aspartame industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global Aspartame regions, such as engagement models, contract terms, and buyer and supplier negotiation levers, among others.
Microbial fermentation and synthesis are combined to make aspartame. Microbial fermentation produces phenylalanine and aspartic acid, which are then reacted with methanol to form the methyl ester. Aspartic acid is also coated with benzyl rings to preserve the active sites. The modified amino acids are then combined at the proper temperatures in a reaction tank to produce aspartame intermediates. It is then refined, crystallised, and pulverised after being treated with acetic acid.
The industry is witnessing growth due to the various applications of the product. The product is used in the beverage business, particularly in the soft drink and carbonated beverage segments. It is found in diet sodas, light or low-sugar juices, and flavoured waters, as well as dairy products (such as light yoghurt and low-fat flavoured milk), nutrition bars, desserts (such as sugar-free puddings and gelatines, light ice cream, and popsicles), chewing gum, sauces, syrups, and condiments propelling the industry forward. Low-calorie sweeteners are sold in little individual packets that are sweetened to the same amount as two tablespoons of sugar. Aspartame is often accessible in blue packs and may be purchased at restaurants or coffee shops. Also, it is claimed to be safe for children, pregnant women, people with diabetes, and nursing mothers, thus resulting in increased demand. It is also used to improve the palatability of several prescription and over-the-counter drugs and chewable vitamins, augmenting the industry's development.
The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.
The aspartame market is fragmented, with several big and minor regional companies. To stay afloat in increasing competition, these companies are focusing on inorganic development. The two primary reasons driving the aspartame market are the increasing inclusion of novel sugar replacement products and critical players concentrating on growing their worldwide footprint via new product innovations and releases. Furthermore, market participants benefit from research and development operations that improve the product.
1. Executive Summary
2. Aspartame Market Snapshot
2.1. Aspartame Market Outlook
2.2. Aspartame Industry Analysis by Application
2.2.5. Pharma & Others
2.3. Region Overview
2.3.1. North America
2.3.2. Asia Pacific
2.3.4. Latin America
2.3.5. Middle East and Africa
3. Impact of Recent Events
4. Aspartame Value Chain Analysis
5. Aspartame Production Process
6. Trade Analysis
7. Major Risk Factors in Sourcing
8. Aspartame Cost Structure
9. Aspartame Price Analysis
10. Key Demand Indicator Analysis
11. Key Price Indicator Analysis
12. Aspartame Market Dynamics
12.1. Drivers & Constraints
12.2. Industry Events
12.3. Innovations & Trends
12.4. Swot Analysis
12.5. Porter’s Five Forces
12.5.1. Buyer Power
12.5.2. Supplier Power
12.5.3. Threat of New Entrants
12.5.4. Threat of Substitutes
12.5.5. Industry Rivalry
13. Industry Best Practices
13.1. Sourcing Strategy
13.2. Procurement Model
13.3. Contract Structure
13.4. Negotiation Levers
13.5. Pricing Model
13.6. Key Factors Influencing the Quotation
14. Key Supplier Analysis
14.1. Ingredion Inc.
14.2. Daesang Corporation
14.3. Tate and Lyle PLC
14.4. Kaifeng Xinghua Fine Chemical Ltd.
14.5. HYET Sweet
The global Aspartame market size was valued at USD 3.05 billion in 2021.
In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 4.5%.
The significant demand for healthy substitutes for sugar is one of the essential drivers of the Aspartame market growth.
HYET Sweet, Ingredion Inc., Daesang Corporation, Tate and Lyle Plc, and Kaifeng Xinghua Fine Chemical Ltd. are some of the major players in the market.
The North American region of the Aspartame industry holds a significant share in the market.
The global Aspartame market attained a value of USD 3.05 billion in 2021, driven by the extensive application of the product in the food, beverage, and health and personal care industries. Aided by the various applications of the product in food and beverage, accessible blue packets, prescription, and over-the-counter drugs, and chewable vitamins, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 4.5%. The market is projected to reach USD 3.97 billion by 2027. Some of the leading players in the industry are HYET Sweet, Ingredion Inc., Daesang Corporation, Tate and Lyle Plc, and Kaifeng Xinghua Fine Chemical Ltd.
Procurement Resources' detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise, thus, delivering its customers with market insights that are accurate and actionable and help them remain ahead of their competition.
At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.
We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.
Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.
Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.
Email Delivery Price: $ 999.00
The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.Read More
Email Delivery Price: $ 999.00
The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.Read More
Email Delivery Price: $ 999.00
The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.Read More