The
global market for neotame is driven by the increasing preference for
food additives and flavor enhancers, finds a report by Transparency
Market Research (TMR). The report, titled “Neotame Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016–2024,” is a comprehensive study of the market in the current
scenario and projects a healthy forecast based on several drivers and
emerging trends.
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exclusive Global strategic Business report
:http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=16262
Neotame
is a form of artificial sweetener, which is considered 7 thousand to
13 thousand times sweeter than sucrose and offers benefits such as
high metabolism and low accumulation in the human body. The report
observes that the approval of neotame by the U.S. Food and Drug
Administration (FDA) as an artificial sweetener and flavor enhancer
has propelled its adoption in the recent past. Also, since neotame
comes in a white powdered form and offers flexibility to
manufacturers of bakery products, an entirely new range of products
is now being developed to meet consumer demands.
The
report finds that the cost effectiveness of neotame, which is leading
to its preference in various cosmetics and pharmaceuticals products,
is another factor favoring the growth of the global market for the
same. Following its approval by the US FDA, an increasing number
countries and food agencies have approved the use of neotame in the
recent past and thereby the demand is on the rise.
The
global market for neotame can be segmented on the basis of
application and geography. The neotame
market, by application, can be segmented into the food and
beverages industry, pharmaceutical industry, agriculture or animal
feed industry, and cosmetics industry. The report observes that the
food and beverage industry serves the most prominent demand for
neotame and the segment will continue to lead in terms of volume and
value during the forecast period. This segment can be sub-segmented
into confectionery, beverages, bakery, and other food products such
as candies and chewing gums. The application of neotame in the
cosmetics and pharmaceuticals industry is also expected to grow
steadily.
Geographically,
the report studies the regional markets of North America, Latin
America, Europe, Asia Pacific, and the Middle East and Africa. North
America, followed by Europe, currently dominates the demand for
neotame and is expected to grow at a steady rate during the forecast
period. China is expected to dominate the Asia Pacific market for
neotame in terms of production.
The
report finds that the global neotame market is fragmented with
several players accounting for a significant share. In addition to
this, an increasing number of domestic players have been stiffening
the competition. Some of the prominent names in the global market for
neotame are Foodchem International Corporation, Prinova Group LLC,
Fooding Group Limited, Sweetner Holdings, Inc., JJD Enterprises,
Sweetener India., A & Z Food Additives Co., Ltd., H & A
Canada Inc., Shaoxing Marina Biotechnology Co.,Ltd., and Jk Sucralose
Inc.
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