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

Global Aspartame Market Insights Size Forecasts to 2035

• The Global Aspartame Market Size Was Estimated at USD 421.20 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 3.51% from 2025 to 2035
• The Worldwide Aspartame Market Size is Expected to Reach USD 615.50 Million by 2035
• Asia Pacific is expected to Grow the fastest during the forecast period.

According to a Research Report Published by Spherical Insights and Consulting, The Global Aspartame Market Size was worth around USD 421.20 Million in 2024 and is predicted to Grow to around USD 615.50 Million by 2035 with a compound annual growth rate (CAGR) of 3.51% from 2025 and 2035. The market for aspartame has a number of opportunities to grow due to an upsurging need for low-calorie sweeteners, including aspartame, along with consumers' increasing health consciousness.   

Market Overview

The global industry of aspartame is centred on 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 commonly used as a sugar substitute in food and beverages. It is a methyl ester of the aspartic acid-phenylalanine dipeptide, with brand names including NutraSweet, Equal, and Canderel, and has 200 times the sweetness of sucrose. Ongoing safety concerns and strict regulations in the pharmaceutical industry lead to a surging inclination toward natural and plant-based alternatives. The increasing popularity of clean-label products and functional health benefits leads to the adoption of artificial sweeteners in the food and beverage production sector.  

Innovation and market expansion are anticipated as a result of the growing R&D expenditures of major players and the expanding partnerships between larger multinational food & beverage industries and smaller firms for enhancing the related product portfolio. The increasing adoption of eco-friendly practices, like reducing water usage, minimizing carbon emissions, and improving supply chain sustainability in the aspartame manufacturing industry, is driving a huge surge in the global aspartame market.    

Report Coverage

This research report categorizes the aspartame market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the aspartame market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the aspartame market. 

Driving Factors

The growing prevalence of obesity and diabetes is surging the need for low-calorie sweeteners such as aspartame, which is contributing to propel the market demand. It was estimated that 1 in 8 people in the world were living with obesity, and 2.5 billion adults were overweight in the year 2022. Further, the consumers' growing health consciousness leads to a changing inclination towards artificial sweeteners from sugar-laden products, resulting in a growth in the aspartame market. The widespread use of aspartame in carbonated soft drinks, powdered soft drinks, dairy products, confectionery, and pharmaceuticals is propelling market expansion.

Restraining Factors

The aspartame market is restricted by increasing health concerns associated with aspartame consumption. Further, the regulatory complexities related to aspartame due to safety concerns are hampering the market growth.

Market Segmentation

The aspartame market share is classified into product, end users, and sales channels.   

• 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. An increasing consumer preference for low-calorie sugar substitutes, along with an ongoing innovation in food & beverage formulations, is driving the market demand.

• The food & beverages segment accounted for a major revenue share in 2024 and is anticipated to grow at a significant 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 significant CAGR during the forecast period. 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 extensive application of aspartame in products such as soft drinks, desserts, yoghurt and chewing gum, as well as in baked goods and confections, is driving the market expansion.

• The offline segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the projected period.

Based on the sales channel, the aspartame market is divided into offline and online. Among these, the offline segment held the largest market revenue share in 2024 and is expected to grow at a significant CAGR during the projected period. Offline sales channel of aspartame includes brick-and-mortar retail outlets, supermarkets, hypermarkets, and speciality food stores & convenience stores. It enables businesses to reach a broad audience who prefer traditional media, providing a tangible and physical presence, enhancing brand recognition and credibility.

Regional Segment Analysis of the Aspartame Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the aspartame market over the predicted timeframe.

North America is anticipated to hold the largest share of the aspartame market over the predicted timeframe. The demand for aspartame has been driven by consumers' changing inclination towards healthy diets in the form of low-calorie food and beverages. Strategic collaborations, cross-border collaborations, have played a significant role in propelling the market's expansion. Further, government initiatives for supporting reduced sugar intake, encouraging manufacturers to incorporate aspartame in product formulations, are promoting market growth.

Asia Pacific is expected to grow at a rapid CAGR in the 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 in China, India, Japan, and Southeast Asia. The implementation of sugar taxes and regulatory policies encouraging the use of aspartame for combating obesity and diabetes has also fueled the expansion of the aspartame market. The increasing sugar consumption and associated health risks, as reported by the World Health Organization and the Food & Agriculture Organization are supporting the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the aspartame market, along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• 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
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent 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.
• In March 2023, Jack Daniel’s & Coca-Cola RTD- a premised, canned cocktail that first launched last fall in Mexico is set to hit stores in the United States.

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