Aspartame Market Key Players, Trends, Growth Opportunities
and Industry Forecast till 2023
“The factors that are playing a major role in the growth of
the market are the rising demand among health-conscious
people, acceptance of healthy lifestyle & balanced diet,
and the growing occurrence of diabetes.”
Global aspartame market is expected to grow at a significant CAGR in the upcoming period as the scope and its
applications are rising enormously across the globe. Aspartame is an artificial non-saccharide sweetener that
constitutes combination of amino acids, aspartic acid, and phenylalanine. It is 200 times sweeter than sugar and
lowers the calories in food and beverage.
The factors that are playing a major role in the growth of the market are the rising demand among health-
conscious people, acceptance of healthy lifestyle & balanced diet, and the growing occurrence of diabetes.
However, rising use of artificial sweeteners may restrain overall market growth in the years to come. Aspartame
market is segmented based on application, distribution channel, and region.
The market may be categorized based on applications like animal and agriculture feed, food production,
cosmetics, beverages, pharmaceutical, and others that could be explored in aspartame in the forecast period.
Food production sector accounted for the substantial market share of aspartame and is estimated to lead the
overall market in the years to come. In addition, the beverage sector is estimated to grow at the fastest pace in
the years to come.
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Based on the distribution channel, departmental stores, supermarket, convenience stores, and others could
classify aspartame in the forecast period. The supermarket sector accounted for the substantial market share
of aspartame and is estimated to lead the overall market in the years to come.