Aspartame Market size worth US$356.472 million by 2029

aspartame market

The aspartame market is anticipated to grow at a CAGR of 3.20% over the forecast period to reach US$356.472 million by 2029, increasing from estimated value of US$304.534 million in 2024.

Aspartame is a non-saccharide sweetener, used as a sugar substitute majorly in foods and beverages. They have 200 times more sweetness of sugar, yet deliver significantly fewer calories and are made from amino acids phenylalanine and aspartic acid. They are also widely utilized in the pharmaceutical industry as part of a carefully controlled diet by those who are diabetic. It is produced by fermentation and is generally safe to use when consumed in moderate amounts. Aspartame is widely found in diet sodas, chewing gum, sugar-free candies, and other processed foods.

Increasing health concerns and growing demand for sugar-free products, low-calorie food, and confectionery products are fueling the popularity of aspartame. Further, the request for low-calorie sugar options is rising with the rise in obesity levels and diabetes, leading to customers necessitating to follow healthier life choices. Since the aspartame flavor profile resembles sugar without calories it is a popular alternative. It is one of the foremost tested and studied items in the market around the world. They are cost-effective and efficient which provides more opportunities for product advancement and new pharmaceutical applications as well as personal care cosmetics items, which is leading to driving market development in the coming years.

Based on the product type, the aspartame market is divided into powder and granular. The versatility and ease of powdered aspartame in several applications are anticipated to make it the major contributor to the growth of the aspartame market. Some of the key reasons for its extensive usage include rapid solubility which allows easy formulation into a wide range of food and beverage products, fine-grained texture ensuring a good dispersibility effect as well as high stability which means that its sweetness remains unaltered under different conditions.

Based on the sales channel, the aspartame market is classified into online and offline. The Aspartame market is expected to see significant growth with the online sales channels segment. This is significantly due to increase in the e-commerce, it has become convenient for people to buy various products including aspartame-containing items. Online shopping provides affordable options, easy comparison of prices of various items, and different sellers to help consumers buy which is best for them. Online stores can carry a wider variety of aspartame products than offline channels, both in terms of different brands and package sizes and flavors.

Based on the end-user industry, the aspartame market is categorized into food & beverages, pharmaceuticals, and others. The food & beverages market will accelerate the aspartame market growth in the coming years. Consumer preferences and tastes for healthier food, and low-caloric, sugar-free options drive the aspartame market in food & beverage applications. They are utilized in diverse product applications, such as soft drinks, carbonated beverages, juices, dairy products, and even baked foods and confectionery.

Based on geography, Asia-Pacific is the fastest-growing region for the aspartame market due to various factors. Demand for processed foods and beverages is increasing in the Asia-Pacific region as the population grows and rises in urbanization, with many of these products containing aspartame for sweetness. People began to look for sugar substitutes with the rise in health consciousness. With the rise in consumers disposable income, there is a rise in spending for food and beverages products.

As a part of the report, the major players operating in the aspartame market that have been covered are Niutang Chemical Ltd., Hermes Sweetener Ltd., Ajinomoto Group, Foodchem International Corporation, Vitasweet, Whole Earth Brands, Chemball, and Ingredion Incorporated.

View a sample of the report or purchase the complete study at: https://www.knowledge-sourcing.com/report/global-aspartame-market

This analytics report segments the aspartame market on the following basis:

  • By Product Type
    • Powder
    • Granular
  • By Sales Channel
    • Online
    • Offline
  • By End-user Industry
    • Food and Beverages
    • Pharmaceutical
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Rest of the Middle East and Africa
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Rest of Asia-Pacific
  • Food Sweeteners Market Report
  • Non Sugar Sweeteners Market Report
  • Artificial And Natural Sweetener Market Size