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 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.
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.
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.
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.
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.
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.
|Industrial Uses||Low calorie foods and beverages, Tabletop sweeteners, Pharmaceuticals, Confectionary, Baked goods, Yogurts and dairy products|
|Molecular weight||294.3 g/mol|
|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.
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).
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