Aspartame Market Manages Steady Growth with Rising Demand for Food

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.

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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.

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This release was published on openPR.