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Pulished Date April, 2021
ID: 10661
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Neotame Market by Application (Pharmaceuticals, Food and Beverage, Cosmetics, Agriculture/Feed and Others), and Region (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa) – Global Industry Size, Share, Trends, Growth, Demand and Competitive Analysis Forecast Report 2021-2026

Pulished: April, 2021
ID: 10661
Pages: 150

Neotame Market Size Share Growth Analysis 2021-2026:

Neotame Market was at USD 13 million in 2018 and is anticipated to reach over USD 17 million by the end of the assessment period. The market is also estimated to experience reasonable growth to record a CAGR of 7.45% throughout the foreseen period 2021-2026.

Neotame is an artificial sweetener with a sweet taste similar to sucrose but excluding the bitter aftertaste. Neotame has some advantages over other sweeteners, such as decent neutral pH stability, mild temperature stability, extremely potent, metabolizes quickly, making it useful in baked goods and confectionery. Neotame was first popularized by NutraSweet, an American nutrient company, after which it received little criticism, but later with the approval flag from the Food and Drug Administration (FDA) and the World Health Organization (WHO), the market for neotame found demand. Neotame in its final form resembles confectionery sugar and thus provides flexibility for manufacturers to develop a new product line capable of meeting consumer demand and needs with a profitable business model.

Recent Developments

  1. Neotame, a recently introduced high intensity sweetener by the American company NutraSweet, has been approved by the Indian authorities for use in pharmaceutical preparations. The sweetener is structurally similar to aspartame, but is 30 to 60 times sweeter, so less should be needed in pharmaceutical formulations. It is around 8000 times sweeter than sucrose and can also improve favorably. Taste and flavor equal to or less than sweetness levels, according to NutraSweet.
  2. NutraSweet calorie-free sweetener neotame will be authorized in the EU, prior social authorization from the European Commission. It is about 8000 times sweeter than sugar and 30 to 60 times sweeter than aspartame (depending on application), but to have a sweet taste and no calories.
  3. A Massachusetts biotech company acquired the former NutraSweet plant in East Augusta, which it plans to reopen to produce a natural, calorie-free sweetener. Manus Bio Inc. will create up to 50 jobs in manufacturing, product development and distribution, according to an announcement Tuesday by the Georgia Department of Economic Development.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2021 - 2026

CAGR

7.45%

Segments Covered

By Application, and By Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Jk sucralose Inc., Foodchem International Corporation, A & Z Food Additives Co., Ltd., Sweetener India., Shaoxing Marina Biotechnology Co., Ltd., H & A Canada Inc., JJD Enterprises, Prinova Group LLC, Sweetner Holdings, Inc., Fooding Group Limited

Market Drivers and Restraints:

The global market for neotame is in a nascent stage as the demand for food additives is increasing at a rapid rate and many manufacturers are slowing down their trend to use neotame as an artificial sweetener. In addition, it reduces the cost of production by the amount necessary to achieve the desired softening. The global market for neotame is invariably associated with the food and beverage industry, as neotame is increasingly used to manufacture a variety of products due to its simple cost and immense efficiency. Neotame as a sweetener provides better sugar than normal. It is rapidly metabolized, it is completely eliminated from the body, which helps to keep the sugar levels in the body low. Since customers are now particularly inflexible about their health, they want an alternative that offers the same amount of sweetness as sugar with a certain amount of nutrients. This is emerging as the most positive market driver for the global neotame market. Although it was approved by the FDA in 2002, the only negative market driver affecting the global market for neotame is believed to be the ongoing debate about its limited use in food products and its harmful effects when consumed in large quantities.

Market Segmentation:

The global market for neotame is growing as the demand for food additives grows at a rapid pace and manufacturers use neotame as it reduces the cost of production by reducing the amount needed to achieve the desired sweetness. The neotame market can be segmented according to application and regions. The neotame market, depending on the application, can be segmented into the food and beverage industry, the pharmaceutical industry, the cosmetic industry and the agriculture/feed industry.

Among all other applications, neotame is widely used in food and beverage. The application in food and beverages can be subdivided into beverages, confectionery, bakery and other food products (such as candy, gum, etc.). Food and beverage applications dominate the global neotame market in terms of value and volume. Other applications such as cosmetics and pharmaceuticals are developing at a constant rate in terms of volume of consumption. Food and beverage manufacturers are increasingly using neotame to manufacture a variety of products, due to its low cost and high efficiency, coupled with food authority approval, resulting in increased demand for neotame.

Impact of COVID-19 on Neotame Market

Coronavirus is supposed to continue its influence on the worldwide food industry and its associated businesses like neotame market. As an initial step to curb the transmission of coronavirus, several countries have imposed strict lockdown conditions, resulting in the temporary closure of production units and sales channels. This has led to a decline in the sales and revenue of the neotame market. Also, the market for these products is very low in the developing nations, which is acting negatively for this industry.  Although the lockdown conditions have been lifted recently, the neotame market has not fully recovered from its losses. This is supposed to continue for some time in the future or until at least an effective vaccination is developed for the COVID-19.

Regional Analysis:

The global Neotame market has been categorized by geography into regions of North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Increasing awareness of neotame and its different applications are the expected factors to drive demand for neotame in the Asia Pacific region during the outlook period. The expansion of the food and beverage industry, due to increased consumer affordability and a focus on healthy living, is supposed to drive the market in Asia Pacific.

The product has also qualified all regulatory controls in the sweetener market in Australia and New Zealand, the Middle East and Africa. The sweetener market is estimated to be driven by the increasing number of restaurants and cafes in the UAE, Qatar, and Asian countries (especially India).

The European market is also anticipated to experience significant growth because of the regulatory policies on product safety. The pre-eminent bakery market in Europe, regarded as the staple food market, represents a significant demand for these additives.

Leading Company

Foodchem International Corporation had the largest share of the Neotame Market in terms of sales and revenue in 2018.

Key Players

Major players in the Global Neotame Market include Jk sucralose Inc., Foodchem International Corporation, A & Z Food Additives Co., Ltd., Sweetener India., Shaoxing Marina Biotechnology Co., Ltd., H & A Canada Inc., JJD Enterprises, Prinova Group LLC, Sweetner Holdings, Inc., Fooding Group Limited, and among others.

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 Neotame Market, By Application                      

                                6.1.1 Pharmaceuticals   

                                6.1.2 Food and Beverage             

                                6.1.3 Cosmetics

                                6.1.4 Agriculture/Feed  

                                6.1.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.6 Y-o-Y Growth Rate Analysis             

                                6.1.7 Market Attractiveness Index          

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 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 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 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 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 Application        

8. Key Player Analysis                                    

                8.1 Foodchem International Corporation                              

                                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 Jk sucralose Inc                         

                8.3 A & Z Food Additives Co., Ltd                              

                8.4 Sweetener India                      

                8.5 Shaoxing Marina Biotechnology Co.,Ltd                         

                8.6 H & A Canada Inc                      

                8.7 JJD Enterprises                          

                8.8 Prinova Group LLC                   

                8.9 Sweetner Holdings, Inc                         

                8.10 Fooding Group Limited                       

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 also identify the regions that are still untapped
  • The segment-level analysis in terms of type, 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, economic and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing 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 Neotame Market By Region, From 2021-2026 ( USD Billion )
  2. Global Neotame Market By Application, From 2021-2026 ( USD Billion )
  3. Global Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  4. Global Food and Beverage Market By Region, From 2021-2026 ( USD Billion )
  5. Global Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  6. Global Agriculture/Feed Market By Region, From 2021-2026 ( USD Billion )
  7. North America Neotame Market By Application, From 2021-2026 ( USD Billion )
  8. North America Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  9. North America Food and Beverage Market By Region, From 2021-2026 ( USD Billion )
  10. North America Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  11. North America Agriculture/Feed Market By Region, From 2021-2026 ( USD Billion )
  12. United States Neotame Market By Application, From 2021-2026 ( USD Billion )
  13. Canada Neotame Market By Application, From 2021-2026 ( USD Billion )
  14. Europe Neotame Market By Application, From 2021-2026 ( USD Billion )
  15. Europe Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  16. Europe Food and Beverage Market By Region, From 2021-2026 ( USD Billion )
  17. Europe Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  18. Europe Agriculture/Feed Market By Region, From 2021-2026 ( USD Billion )
  19. U.K. Neotame Market By Application, From 2021-2026 ( USD Billion )
  20. Germany Neotame Market By Application, From 2021-2026 ( USD Billion )
  21. France Neotame Market By Application, From 2021-2026 ( USD Billion )
  22. Italy Neotame Market By Application, From 2021-2026 ( USD Billion )
  23. Spain Neotame Market By Application, From 2021-2026 ( USD Billion )
  24. Middle East and Africa Neotame Market By Application, From 2021-2026 ( USD Billion )
  25. Middle East and Africa Pharmaceuticals Market By Region, From 2021-2026 ( USD Billion )
  26. Middle East and Africa Food and Beverage Market By Region, From 2021-2026 ( USD Billion )
  27. Middle East and Africa Cosmetics Market By Region, From 2021-2026 ( USD Billion )
  28. Middle East and Africa Agriculture/Feed Market By Region, From 2021-2026 ( USD Billion )
  29. Middle East Neotame Market By Application, From 2021-2026 ( USD Billion )
  30. Africa Neotame Market By Application, From 2021-2026 ( USD Billion )

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