We are monitoring the impact of COVID-19 on Aspartame Market Get in touch with us for detailed analysis Know More
Pulished Date August, 2021
ID: 12057
Share on
Share on

Aspartame Market by Application (Animal and Agriculture feed, Cosmetics, Pharmaceutical, Food production, and Beverages), By Distribution Channel (Departmental stores, Convenience stores Supermarket and Others), and Region, Market Share, Forecast Data, In-Depth Analysis, And Detailed Overview, and Forecast, 2021-2026

Pulished: August, 2021
ID: 12057
Pages: 150

Aspartame Market Size Share Growth Trends Analysis 2021-2026:

Aspartame Market size is anticipated at USD xx. xx million in 2021 and is predicted to the extent an over of USD xx.xx million by the end of the assessment period, registering a CAGR value of 4.94% during the forecast period.

Aspartame is an artificial sweetener sold under brand names, for instance, Equal and NutraSweet. It is a low-calorie sweetener that has been used for decades to reduce the intake of added sugars while still offering the satisfaction of enjoying something sweet. As this is much sweeter than nsugar, it is used in many foods and beverages and a very small amount is needed to provide the same level of sweetness. It can also be found as a flavoring agent in some medications.

Recent Developments

  1. The Coca-Cola Company introduced new flavors of diet coke in which the company used the mixture of acesulfame potassium (ace-K) and aspartame as a sweetener.
  2. Last year, PepsiCo discontinued Diet Pepsi's aspartame in the United States after seeing it fall out of favor with some consumers. It has now announced that it will launch an aspartame-sweetened version - "Diet Pepsi Classic Sweetener Blend" - along with Diet Pepsi without aspartame. Diet Pepsi, which has been sweetened with sucralose and Ace K instead of aspartame since August, will continue to be PepsiCo's premier diet cola product in the United States.
  3. Monsanto Company acquired G.D Searle & Company for the payment of about $ 2.7 billion, the diversified pharmaceutical company that manufactures aspartame, the artificial sweetener. Searle, who is based in Skokie, Ill., Accepted Monsanto's $ 65 stock cash offer just four months after announcing that it would remain independent. Last fall, Searle officials said they were looking to sell some or all of the company, but the company's board of directors ruled last March that the company should remain independent after offers received were lower than what management was looking for.
  4. In a move that could shake up the market for low-calorie sweeteners, Johnson & Johnson agreed to sell its best-selling Splenda brand to Heartland Food Products Group. Heartland already produces sucralose, Splenda's sweetening agent, in addition to stevia, saccharin, aspartame, and other sweeteners.

Market Drivers and Restraints:

The main factor driving the growth of the market is the increasing adoption of Sugar substitutes in the food, beverage, and health and personal care industries. This upward trend reflects economic development, increasing consumer purchasing power, and the boom in marketing and branding different varieties of sugar substitutes. Authorization to use aspartame in various industries by major food ingredient regulatory authorities, such as the United States Food and Drug Administration (FDA), is expected to contribute primarily to the growth of the aspartame market in the United States during the forecast period. On the other hand, the presence of regulations and the impacts of the beverage recall are expected to hamper the market growth. Concerns about the product's health side effects are expected to challenge the aspartame market during the forecast period 2021-2026.

Market Segmentation:

Applications

  • Food production
  • Beverages
  • Pharmaceutical
  • Cosmetics
  • Animal and Agriculture feed

Among applications, the food products segment is expected to dominate the world market for aspartame due to the wider use of aspartame in many food products due to its flavor-enhancing properties as well as its ability to improve the shelf life of food products.

Distribution Channel

  • Supermarket
  • Convenience stores
  • Departmental stores
  • Others

Depending on the distribution channel, supermarkets are the sole major marketplace for the sale of water enhancers. Supermarkets and hypermarkets have played an important role in the distribution of functional foods and beverages since their inception.

Impact of COVID-19 on Aspartame Market

The growing demand for less sweet and immunity-boosting products, associated with people's growing interest in improving overall health and well-being, is driving the market growth. Therefore, the growing health awareness and high demand for sugar reduction solutions among the world's population has forced manufacturers and product formulators to switch to sugar substitutes. Sales of dietary supplements have increased during the pandemic, as dietary supplements help strengthen the immune system. Additionally, according to Glanbia Plc., Point-of-sale purchases of dietary supplements increased in April 2020. Additionally, school and office closures have forced consumers to opt for breakfast at home, functional foods, coffee, and breakfast that has led to a significant increase in demand for sugar-free products. Increased consumer awareness regarding the consumption of food products with natural ingredients, the increasing preference of consumers for healthy and private label products, and the increasing use of stevia and other natural sugar substitutes by major food and beverage companies are some of the main drivers of growth for natural products sweeteners segment.

Regional Analysis:

North America is anticipated to have a major market share in the aspartame market, owing to the high consumption of aspartame as a substitute to sugar in the region. The high use of aspartame in the production of various confectionery, beverage, and other food products is accelerating the growth of the aspartame market in North America. The market in the Asia-Pacific region is anticipated to knowledge a substantial rise in the upcoming years, owing to the approval of the governing authorities on the use of intense sweeteners in Asian countries such as New Zealand, Zealand, Zealand, and Australia. Europe was third the largest Aspartame Market in 2015. Lower production costs and better economies of scale are also driving the growth of the Aspartame Market. Latin American is anticipated to make substantial opportunities for companies operating in the aspartame market. The Middle East and Africa are some of the main emerging regions, which will generate significant opportunities in the Aspartame Market during the anticipated period due to its high sweetening power, further influencing the Aspartame Market.

Leading Company

Taj Pharmaceuticals Ltd. had the largest share of the Aspartame Market in terms of sales revenue in 2021.

Key Players

The Aspartame Market is concentrated with well-established players. Key players in the Aspartame Market include, The Holland Sweetener Company, Taj Pharmaceuticals Ltd. , Niutang Chemical Ltd., Sinoway International (Jiangsu), and The Nutrasweet Company (Monsanto).

 1. Introduction                                

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Aspartame  Market, By Distribution Channel                                

                                6.1.1 Supermarket         

                                6.1.2 Convenience stores            

                                6.1.3 Departmental stores          

                                6.1.4 Others      

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis              

                                6.1.7 Market Attractiveness Index           

                6.2 Aspartame  Market, By Application                  

                                6.2.1 Food production   

                                6.2.2 Beverages

                                6.2.3 Pharmaceutical     

                                6.2.4 Cosmetics

                                6.2.5 Animal and Agriculture feed           

                                6.2.6 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.7 Y-o-Y Growth Rate Analysis              

                                6.2.8 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Distribution Channel     

                                7.2.3 By Application       

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Distribution Channel     

                                7.3.3 By Application       

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Distribution Channel     

                                7.4.3 By Application       

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Distribution Channel     

                                7.5.3 By Application       

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Distribution Channel     

                                7.6.3 By Application       

8. Key Player Analysis                                    

                8.1 The Holland Sweetener Company                    

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Taj Pharmaceuticals Ltd.                       

                8.3 Niutang Chemical Ltd.                            

                8.4 Sinoway International (Jiangsu)                         

                8.5 The Nutrasweet Company (Monsanto)                          

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of Application, Distributional Channels, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Aspartame Market By Region, From 2021-2026 ( USD Billion )
  2. Global Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  3. Global Supermarket Market By Region, From 2021-2026 ( USD Billion )
  4. Global Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  5. Global Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  6. Global Others Market By Region, From 2021-2026 ( USD Billion )
  7. Global Aspartame Market By Application, From 2021-2026 ( USD Billion )
  8. Global Food production Market By Region, From 2021-2026 ( USD Billion )
  9. Global Beverages Market By Region, From 2021-2026 ( USD Billion )
  10. Global Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  11. Global Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  12. Global Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  13. North America Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  14. North America Supermarket Market By Region, From 2021-2026 ( USD Billion )
  15. North America Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  16. North America Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  17. North America Others Market By Region, From 2021-2026 ( USD Billion )
  18. North America Aspartame Market By Application, From 2021-2026 ( USD Billion )
  19. North America Food production Market By Region, From 2021-2026 ( USD Billion )
  20. North America Beverages Market By Region, From 2021-2026 ( USD Billion )
  21. North America Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  22. North America Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  23. North America Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  24. United States Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  25. United States Aspartame Market By Application, From 2021-2026 ( USD Billion )
  26. Canada Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  27. Canada Aspartame Market By Application, From 2021-2026 ( USD Billion )
  28. Europe Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  29. Europe Supermarket Market By Region, From 2021-2026 ( USD Billion )
  30. Europe Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  31. Europe Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  32. Europe Others Market By Region, From 2021-2026 ( USD Billion )
  33. Europe Aspartame Market By Application, From 2021-2026 ( USD Billion )
  34. Europe Food production Market By Region, From 2021-2026 ( USD Billion )
  35. Europe Beverages Market By Region, From 2021-2026 ( USD Billion )
  36. Europe Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  37. Europe Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  38. Europe Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  39. U.K. Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  40. U.K. Aspartame Market By Application, From 2021-2026 ( USD Billion )
  41. Germany Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  42. Germany Aspartame Market By Application, From 2021-2026 ( USD Billion )
  43. France Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  44. France Aspartame Market By Application, From 2021-2026 ( USD Billion )
  45. Italy Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  46. Italy Aspartame Market By Application, From 2021-2026 ( USD Billion )
  47. Spain Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  48. Spain Aspartame Market By Application, From 2021-2026 ( USD Billion )
  49. Asia Pacific Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  50. Asia Pacific Supermarket Market By Region, From 2021-2026 ( USD Billion )
  51. Asia Pacific Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  52. Asia Pacific Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  53. Asia Pacific Others Market By Region, From 2021-2026 ( USD Billion )
  54. Asia Pacific Aspartame Market By Application, From 2021-2026 ( USD Billion )
  55. Asia Pacific Food production Market By Region, From 2021-2026 ( USD Billion )
  56. Asia Pacific Beverages Market By Region, From 2021-2026 ( USD Billion )
  57. Asia Pacific Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  58. Asia Pacific Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  59. Asia Pacific Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  60. Japan Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  61. Japan Aspartame Market By Application, From 2021-2026 ( USD Billion )
  62. China Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  63. China Aspartame Market By Application, From 2021-2026 ( USD Billion )
  64. India Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  65. India Aspartame Market By Application, From 2021-2026 ( USD Billion )
  66. Australia Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  67. Australia Aspartame Market By Application, From 2021-2026 ( USD Billion )
  68. South Korea Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  69. South Korea Aspartame Market By Application, From 2021-2026 ( USD Billion )
  70. Latin America Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  71. Latin America Supermarket Market By Region, From 2021-2026 ( USD Billion )
  72. Latin America Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  73. Latin America Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  74. Latin America Others Market By Region, From 2021-2026 ( USD Billion )
  75. Latin America Aspartame Market By Application, From 2021-2026 ( USD Billion )
  76. Latin America Food production Market By Region, From 2021-2026 ( USD Billion )
  77. Latin America Beverages Market By Region, From 2021-2026 ( USD Billion )
  78. Latin America Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  79. Latin America Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  80. Latin America Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  81. Brazil Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  82. Brazil Aspartame Market By Application, From 2021-2026 ( USD Billion )
  83. Argentina Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  84. Argentina Aspartame Market By Application, From 2021-2026 ( USD Billion )
  85. Mexico Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  86. Mexico Aspartame Market By Application, From 2021-2026 ( USD Billion )
  87. Rest of Latin America Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  88. Rest of Latin America Aspartame Market By Application, From 2021-2026 ( USD Billion )
  89. Middle East and Africa Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  90. Middle East and Africa Supermarket Market By Region, From 2021-2026 ( USD Billion )
  91. Middle East and Africa Convenience stores Market By Region, From 2021-2026 ( USD Billion )
  92. Middle East and Africa Departmental stores Market By Region, From 2021-2026 ( USD Billion )
  93. Middle East and Africa Others Market By Region, From 2021-2026 ( USD Billion )
  94. Middle East and Africa Aspartame Market By Application, From 2021-2026 ( USD Billion )
  95. Middle East and Africa Food production Market By Region, From 2021-2026 ( USD Billion )
  96. Middle East and Africa Beverages Market By Region, From 2021-2026 ( USD Billion )
  97. Middle East and Africa Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  98. Middle East and Africa Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  99. Middle East and Africa Animal and Agriculture feed Market By Region, From 2021-2026 ( USD Billion )
  100. Middle East Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  101. Middle East Aspartame Market By Application, From 2021-2026 ( USD Billion )
  102. Africa Aspartame Market By Distribution Channel , From 2021-2026 ( USD Billion )
  103. Africa Aspartame Market By Application, From 2021-2026 ( USD Billion )

Please wait. . . . Your request is being processed

LICENCE TYPE

$ 1234 4255

Clients
clients
clients
clients
clients
clients
clients
Click for Request Sample