Aspartame Market Size, Competitive Landscape and Market Forecast - 2030

Market Overview: Aspartame Market is expected to grow at a high CAGR of 4.5 % during the forecasting period (2023-2030).
Aspartame is majorly sold under Nutrasweet and Equal's brand name and is extensively used in the packaged products labeled "diet."
The sweetness of aspartame is 200 times more than that of sucrose. It is unstable at normal cooking and baking temperatures.
The raw material used in the production of aspartame is naturally occurring amino acids, including aspartic acids and phenylalanine. It is commonly used as a low-calorie, artificial sweetener and sugar-substitutes in low-calorie foods and drinks. It is used as a replacement for sucrose for more than 6000 consumer food and beverages worldwide.

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Market Dynamics:
1. Increasing demand for food & beverages labeled with diet and increasing demand for low-calorie sweeteners is the primary factor driving the global aspartame market.
2. Increasing dietary habits among the population to reduce various diseases is expected to boost the huge demand for calorie-free beverages globally during the forecast period.
3. Additionally, the beverage manufacturers' increasing production launches in low-calorie-based drinks might further boost the market for aspartame globally during the forecast period.

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Market Segmentation:
• By Application
o Food & Beverages*
o Dairy
o Nutritional & Dietary Products
o Pharmaceuticals
o Others
• By Distribution Channel
o Supermarkets & Hypermarkets *
o Online Stores
o Others

Company Profiles:
1. HYET Sweet
2. BOC Sciences
3. Niutang Chemical Ltd.
4. Ajinomoto Group
5. Viachem
6. Merisant
7. Ajinomoto Health & Nutrition North America, Inc.
8. NutraSweet Company
9. Cargill Incorporated

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