The aspartame market is expected to witness significant market growth. Aspartame is an artificial sweetener, sold under brand names such as NutraSweet® and Equal®. Itis a low-calorie sweetener that has been used for decades to lower one’s intake of added sugars, while still providing satisfaction from enjoying something sweet. Aspartame is around200 times sweeter than sugar, and as such only a small amount of the sweetener is needed to match the sweetness provided by sugar. In tabletop packets and prepared foods &beverages, aspartame is often blended with other sweeteners or food components to minimize bitter flavors and enhance overall taste. It is used in many food &beverages because it is much sweeter than sugar, andveryless amount of it is needed to provide same level of sweetness.
Aspartame is commonly used as a tabletop sweetener, as a sweetener in prepared foods and beverages, and in recipes that do not require too much heating. It can also be found as a flavoring agentin some medicines.

Download PDF Sample @ https://www.alliedmarketresearch.com/request-sample/12160

COVID-19 Impact Analysis

• Surge in demand for less sugary and immunity-boosting products, owing torise in interest of individualsto boost overall health and wellbeing drives the growth of the market. The COVID-19 pandemic has prompted most health-conscious customers to turn to low-calorie or sugar-free food. Therefore, increase inhealth consciousness and high demand for sugar-reducing solutions among the global population has forced manufacturers and product formulators to opt for sugar substitutes.

• The sales of dietary supplement have increased during the pandemic as dietary supplements help enhance the immune system. During the last week of March 2020, the sales growth for overall dietary supplements skyrocketed to more than 35% in the U.S. In addition, according to Glanbia Plc., dietary supplements purchase in retail outlets has increased during April 2020. Further, school and office closures have compelled consumers to opt for at-home breakfast, functional foods, coffee, and lunch, which has driven a significant increase in the demand for sugar-free products.

• The artificial sweeteners segment commanded the largest revenue of the overall sugar substitutes market in 2020. However, the natural sweeteners segment is expected to grow at the highest CAGR during the forecast period. The increase inconsumer awareness regarding consumption of food products with natural ingredients, growing consumer preference for clean label and healthy products, and surge inuse of stevia and other natural sugar substitutes by leading food &beverage companies are some of the major drivers for the growth of the natural sweeteners segment.

Get detailed COVID-19 impact analysis on the Aspartame Market: https://www.alliedmarketresearch.com/request-for-customization/12160?reqfor=covid

Top Impacting Factors

• The primary factor thatdrivesthe growth of the marketincludeincrease inadoption of sugar substitutes in the food, beverages, and health & personal care industries. There is an increase in the use of sugar substitutes, globally, especially in the Asia-Pacific and European regions. This increasing trend reflects the economic development, risein the purchasing power of consumers, and surgein marketing and branding of different varieties of sugar substitute products.

• Increasing incorporation of innovative sugar substitute products and key companies focusing on expanding their global presence through new product developments and launches are the two main factors that are driving the aspartame.

Market Trends

Major Application of Aspartamein the BeveragesIndustry

Artificial sweeteners have almost replaced sugar in the beveragesindustry, especially in the soft drink segment, especially in carbonated beverages. Natural profile and clean label of the artificial sweeteners are the factors that drivethe market growth. Moreover, in fizzy drinks, the amount of sugar can be reduced without changein its taste and appearance, which has encouraged the beverage manufacturers to substitute sugar with artificial sweeteners. The reduced cost of production and the better economy of scale also boostthe growth of the aspartame market.

Asia-Pacific is One of the Largest Market for Aspartame

Rise in health awareness among the consumers, concerned about obesity, diabetes, and the amount of calorie intake drivethe aspartame in the region. A trend of losing weight is also found in the region which reduces the usage of table sugar and boosts the artificial sugar market. The improved economic conditions and the changing lifestyles have resulted in the increased demand for convenience foods. The evolving dietary patterns such as low calorie and zero calorie foods are increasing in the processed and packed food segment, resulting in the increased demand for artificial sweeteners.

Regions Covered
North America, Europe, Asia-Pacific, and LAMEA

Segments Covered
Application, End User, Raw Materials, and Region

Companies Covered
Ajinomoto Group, NutraSweet Company, Niutang Chemical Ltd., HYET Sweet, Merisant, Cargill Incorporated, Hermes Sweetener Ltd., Ingredion Incorporated, and Vitasweet

Key Benefits of the Report

• This study presents the analytical depiction of the aspartame market industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aspartame market share.
• The current market is quantitatively analyzed from 2020 to 2028 to highlight the aspartame market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed aspartame market analysis based on competitive intensity and how the competition will take shape in the coming years.

For Purchase Enquiry Click Here:
https://www.alliedmarketresearch.com/purchaseenquiry/12160

About Allied Market Research:

Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
[email protected]
Web: https://www.alliedmarketresearch.com