Global Aspartame Market Size to Exceed USD 615.50 Million by 2035 | CAGR of 3.51%
Category: Chemicals & MaterialsGlobal Aspartame Market Size to Exceed USD 615.50 Million by 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Aspartame Market Size is expected to Grow from USD 421.20 Million in 2024 to USD 615.50 Million by 2035, at a CAGR of 3.51% during the forecast period 2025-2035.
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Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the "Global Aspartame Market Size, Share, and COVID-19 Impact Analysis, By Product (Powder and Granular), By End Users (Food & Beverages, Pharmaceuticals, and Table-Top Sweeteners), By Sales Channel (Offline and Online), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/aspartame-market
The aspartame market refers to the production, sale, and consumption of aspartame, which is an artificial sweetener used in a wide variety of sugar-free and low-calorie products. Aspartame is an artificial non-saccharide sweetener with 200 times the sweetness of sucrose and is commonly used as a sugar substitute in food and beverages. Its brand names include NutraSweet, Equal, and Canderel. The surging adoption of eco-friendly practices in the aspartame manufacturing is driving a huge surge in the global aspartame market. The upsurging need for low-calorie sweeteners, including aspartame, along with consumers' increasing health consciousness, is offering market opportunities. The increasing prevalence of obesity and diabetes, consumers' increasing health consciousness, are primarily driving the market. Further, its widespread application in carbonated soft drinks, powdered soft drinks, and other products is propelling market expansion. On the contrary, the health and safety concerns related to aspartame are restraining the market growth.
The powder segment dominated the aspartame market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the product, the aspartame market is divided into powder and granular. Among these, the powder segment dominated the aspartame market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The powdered form of aspartame is used in beverages, yoghurts, dry powder mixes, and pharmaceutical formulations for everyday use. Further, an ongoing innovation in food & beverage formulations is contributing to propel the aspartame market.
The food & beverages segment accounted for a major revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the end users, the aspartame market is divided into food & beverages, pharmaceuticals, and table-top sweeteners. Among these, the food & beverages segment accounted for a major revenue share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. The extensive application of aspartame in products such as soft drinks, desserts, yoghurt, chewing gum, and baked goods is driving the market. Regulatory and scientific authorities like Health Canada and the European Food Safety Authority have evaluated aspartame and considered it safe at current permitted use levels.
The offline segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the sales channel, the aspartame market is divided into offline and online. Among these, the offline segment accounted for the largest revenue share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. Offline sales channel enables businesses to reach a broad audience who prefer traditional media, providing a tangible and physical presence, enhancing brand recognition and credibility.
North America is expected to hold the majority share of the global aspartame market during the forecast period.
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North America is expected to hold the majority share of the global aspartame market during the forecast period. Consumers' changing inclination towards healthy diets in the form of low-calorie food and beverages is driving the market demand. Further, government initiatives for supporting reduced sugar intake, encouraging manufacturers to incorporate aspartame in product formulations, are promoting market growth.
Asia Pacific is anticipated to grow at the fastest pace in the global aspartame market during the forecast period. The Asia Pacific area has a thriving market for aspartame due to increasing disposable income, urbanization, and changing lifestyle patterns. The increasing sugar consumption and associated health risks, as reported by the WHO and the FAO, are supporting the market growth. Implementation of sugar taxes and regulatory policies encouraging the use of aspartame is promoting the aspartame market.
Major vendors in the global aspartame market are Niutang Chemical Ltd., Hermes Sweetener Ltd., Ajinomoto Group, Foodchem International Corporation, Anant Pharmaceuticals, Changmao Biochemical Engineering Company Limited, GELERIYA PRODUCTS, Global Calcium Pvt. Ltd., HSWT, Ingredion Incorporated, Nantong Changhai Food Additive Co. Ltd., Prakash Chemicals Agencies, Taj Pharmaceuticals Limited, Vitasweet Co. Ltd., Sinoway International (Jiangsu) Co., Ltd., Holland Sweetener Company, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In November 2024, Corteva Inc. revealed a partnership with bp to create a joint venture (JV) focused on producing crop-based biofuel feedstocks. This collaboration aims to address the growing demand for sustainable aviation fuel (SAF), spurred by global efforts to decarbonize the aviation sector.
- In February 2024, Coca-Cola announced would expand its product range with the introduction of “Coca-Cola” that would come in both regular and diet options.
- In February 2024, Ajinomoto Co., Inc., the Japan-based multinational corporation covering food, healthcare and electronic materials, and built “AminoScience”, has expanded its corporate venture capital (CVC) arm with new U.S. headquarters to grow its investments in U.S. and global companies.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the aspartame market based on the below-mentioned segments:
Global Aspartame Market, By Product
- Powder
- Granular
Global Aspartame Market, By End Users
- Food & Beverages
- Pharmaceuticals
- Table-Top Sweeteners
Global Aspartame Market, By Sales Channel
- Offline
- Online
Global Aspartame Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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