Aspartame Market: Health Advantages over Sucrose Drives Growth

A new market research report by Transparency Market Research (TMR), titled, “Aspartame Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” presents a detailed overview of the market after thorough primary and secondary research. It studies the current competitive dynamics and other aspects of the market to project future growth.

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Aspartame, one of the most frequently used artificial sweeteners these days, finds application primarily in the food and beverage industry. It is a non-saccharide sweetener, almost about 200 times sweeter than sucrose, which is better known as table sugar. On account of this, it is used mainly in low-calorie products, especially in diet sodas, for small quantities of aspartame achieve the same effect as larger quantities of sugar. For that reason, aspartame does not cause tooth decay too.

Yet another important benefit of aspartame is the presence of amino acids, which form the building blocks of protein. In fact, food safety bodies find that an intake of 40 mg of aspartame per kg of bodyweight is acceptable. For all these reasons, the global market for aspartame has seen steady growth in the past couple of years.

The TMR report has segmented the market according to distribution channels, applications, and regions. Distribution channel-wise, the global aspartame market is divided into convenience stores, supermarket/hypermarket, departmental stores, and others. Aspartame is mostly found in supermarkets and hypermarkets under different brand names.

Application-wise, the global market for aspartame can be segmented broadly into pharmaceutical, food, beverages, cosmetics, animal and agriculture feed, and others. For instance, aspartame is used in beverages such as carbonated drinks, coffee, and others. In the pharmaceutical industry, aspartame supplants sugar for patients with cardiovascular diseases, diabetes, and obesity. In food production, it is used as a sweetener in jams, gum, candy, yogurt, cereals, and others. The food production segment commands maximum share in the global market for aspartame, says the report.

Geographically, North America leads in aspartame production, helped by high instances of obesity and weight issues and rising health consciousness among the people in the continent. Next comes Europe, followed by Asia Pacific. The Rest of the World trails all the aforementioned regions.

The report outlines the major technological breakthroughs in the industry and furnishes information on market shares and strategies of prominent players, among other things. Some of the top players that find a mention in the report are Hermes Sweetener Ltd., the NutraSweet Company, Niutang Chemical Ltd., Cargill, Ajinomoto, Ingredion Incorporated, and Foodchem International Corporation.

Aspartame Market On Rise Due to It's Utilization in Low-Calorie Products

Overview:

Aspartame is a sweetener, which is majorly used in food and beverage companies. The use of aspartame have started around 1965 and it is used mostly in low-calorie products and is approximately 200 times sweeter than table sugar. It is made up of amino acids, which are phenylalanine and aspartic acid and a small amount of methanol. One of the major benefit of using aspartame is that it contains amino acid, which is known as the building blocks of protein. Aspartame is one of the major artificial sweetener known in the market. It was concluded by The Food Safety Body that intake of 40 mg per kg of aspartame per day by a normal bodyweight is protective and accepted. Aspartame is majorly used to sweeten the diet sodas. Aspartame is low calorie sweetener and thus, provides several benefits to consumers who are calorie conscious. Few of the benefits of aspartame are its sugar like taste, it extends and enhances flavors, it does not result in tooth decay, it is beneficial in controlling weight and moreover it can serve as a content of a healthful diet.

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Global Aspartame: Market Segmentation

The global aspartame market is segmented on the basis of application, distribution channel and region. Application of aspartame is majorly into food production, beverages, pharmaceutical, cosmetics, animal & agriculture feed and others. Its application in food production occupies the largest market share globally. In food production it is majorly used as sweetener in gum, jam, candy, cereals, yogurt and others. In beverages it is used in soluble coffee, carbonated drinks and others. In pharmaceutical industry, aspartame is used as a sugar replacer for the patients with diabetes, cardiovascular disease and obesity.

The global aspartame market is segmented on the basis of distribution channels, which are supermarket/ hypermarket, departmental stores, convenience stores and others. It is majorly available in supermarket and hypermarket under different brand names.

Global Aspartame Market: Regional Outlook

Geographically, the market is segmented by North America, Latin America, Europe, Asian-Pacific Region, Middle-East and Africa. North America holds the largest share of aspartame production followed by Europe and Asia-Pacific and then rest of the world. Research and information shows that more than around 187 million of adult Americans, consumes low-calorie and sugar-free foods and beverages for an overall lifestyle, which is healthy.

Global Aspartame Market: Growth Drivers

Aspartame is nearly about 200 times sweeter than regular table sugar. Thus, less consumption of aspartame imparts same level of sweet taste as present their in regular table sugar. The demand also grew in the past few decades due to growing health issues like diabetes and obesity. The market of aspartame is anticipated to be driven by escalating consumer trends for unique and healthy food products. Apart from this, to reduce and to maintain weight, to control diabetes, to reduce dental caries and many more, people have started consuming the alternative sweetener which is healthier in nature and so the demand for aspartame has increased across global. Usage of aspartame in low-calorie and sugar-free drinks or food is the driving factor for the particular market.

Global Aspartame Market: Players

Some of the key aspartame manufacturers identified includes Niutang Chemical Ltd., HYET Sweet, Cargill, Incorporated, Ajinomoto, Hermes Sweetener Ltd., Ingredion Incorporated, The NutraSweet Company, Foodchem International Corporation, Shaoxing Marina Biotechnology Co., Ltd. (Yamei aspartame) and others. The companies are expected to expand their business by enhancing their product portfolio in global aspartame market. The companies are projected to frame certain strategies in future in order to gain the competitive advantage in global aspartame market till 2024.