Aspartame Price Trends and Forecast

Regional Price Trend

Get the latest insights on price movement and trend analysis of Aspartame in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aspartame Price Trends and Forecast

Aspartame Price Trends for the July-September of 2023


The Asian aspartame market witnessed a fine performance during the third quarter of 2023. The quarter started well with substantial consumption and demands from downstream food and beverage industries. Higher sweetness and lower calorie count compared to the natural sugars made aspartame a popular choice. However, the market value for aspartame soon started shaking as the growing popular interest in plant-based consumption questioned the artificial synthesis of aspartame.

The second half of the third quarter witnessed aspartame price trends backtracking in the Asian market. The growth in inventory stocks in the former half also had a role in sliding cost support. Overall, mixed market performance was observed.


The European market performance of aspartame varied through the entire period of Q3’23. Influenced by the initial price hike in the Asian markets, the aspartame price graph inclined for the majority of the third quarter. The rising inflation in the region also testified to a positive price analysis. Albeit, the last month of September faced a little pushback on the pricing front, guided by the multiplying levels of stockpiles. Overall, market sentiments were mostly positive.

North America

The North American market closely mirrored the European aspartame price trends. The regional prices started on a rising note in July, asserting the positive price forecast. But, after inclining for about two months, the aspartame prices declined in the last month of the quarter, aligning with the global trends. Overall, the market performance was dull yet stable.

Analyst Insight

According to Procurement Resource, Aspartame prices are estimated to continue to decline in the coming months as well since the global economic situation is getting difficult.

Aspartame Price Trends for First Half of 2023


The first quarter of 2023 witnessed a decline in the trajectory of the aspartame price trend after a slight incline during the first half of Q1 that was shortly supported by increased consumption of consumers due to high rates of production and revival of market activities after COVID and Lunar New Year holidays.

In the second quarter, the trend declined consistently throughout as the performance of food industries in the Asia-Pacific region was poor, which impacted the demand for aspartame negatively. In addition to this, rates of offtakes from both domestic and international markets were also feeble, which led to a rise in the level of inventories, declining the price trend of aspartame.


The aspartame market in Europe was affected by low consumption rates of consumers and high inventories, along with strong supply chains, which were not countered by similar demand from the downstream industries. The market remained weak till May when market activities showcased signs of improvement. In this month, prices rose as the downstream industries gained their momentum, but this incline was short-lived due to the reduction in number of orders and rising health concerns about the usage of aspartame in food.

North America

The North American sector of aspartame in the initial months of the first quarter was supported by high demand and suitable supply of products in the region. However, the trend depreciated in the second quarter as a large number of supplies were introduced in the market, and weak market sentiments continued to affect the prices of aspartame. In addition to this, WHO categorized aspartame as a potential carcinogenic, and thus, food and beverage industries were reluctant to use it.

Analyst Insight

According to Procurement Resource, the price trend of Aspartame is expected to decline in the upcoming months as its demand will likely be reduced in view of its carcinogenic nature.

Procurement Resource provides latest prices of Aspartame. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.

Please Login or Subscribe to explore our dashboard.


Aspartame acts as a substitute of sugar as an artificial sweetener in food and beverage industries. It consists of two amino acids, phenylalanine and aspartic acid and is about 200 times sweeter than sucrose. It has less calories and thus is suitable for use in diabetics. However, it's not heat-stable for prolonged cooking. Aspartame is commonly found in diet sodas, sugar-free desserts, and other low-calorie or sugar-free products, offering a sweet taste without the added calories of sugar.

Product Details

Report Features Details
Product Name Aspartame
Chemical formula C14H18N2O5
Industrial Uses Low calorie foods and beverages, Tabletop sweeteners, Pharmaceuticals, Confectionary, Baked goods, Yogurts and dairy products
CAS Number 22839-47-0
Molecular weight 294.3 g/mol
HS Code 29242990
Supplier Database Aginomoto Group, The NutraSweet Co, HYET Sweet B.V., Cargill Incorporated, Foodchem International Corporation, Merisant Company
Region/Countries Covered Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand

Europe: Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece

North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru

Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
Currency US$ (Data can also be provided in local currency)
Supplier Database Availability Yes
Customization Scope The report can be customized as per the requirements of  the customer
Post-Sale Analyst Support 360-degree analyst support after report delivery

Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.

Production Processes

In fermentation, bacteria are inoculated with carbon sources such as acetic acid and alcohol and nitrogen sources such as ammonia and urea. The bacteria thus produce phenylalanine and aspartic acid amino acids. Phenylalanine is then reacted with methanol and modified aspartic acid for 24 hours at room temperature. The product obtained is then heated and cooled to give crystals that on further reaction with acetic acid give aspartame.


The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).

Table Of Contents

Assistance from Experts

Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.

Client's Satisfaction

Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.

Assured Quality

Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.


Get latest News About Procurement Resource
Subscribe for news

This site uses cookies (including third-party cookies) to record user’s preferences. See our Privacy PolicyFor more.