Globally, North America accounted for the substantial market share of aspartame and is estimated to lead the
overall market in the years to come. The reason behind the overall market growth could be the presence of key
manufacturers in the region and the high consumption of dairy products, beverages, nutritional products, and
confectionaries. The United States and Canada are the major consumers of aspartame in this region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the
second largest region with significant market share. However, Asia Pacific is estimated to grow at the highest
CAGR in the forecast period. The aspects that may be ascribed to the growth comprise the rising demand from
emerging countries and approval from governing agencies for the use of intense sweetener. The developing
countries like India and China are the major consumers of aspartame in the region.
The key players of aspartame market are Changmao Biochemical Engineering, Ajinomoto Group, Daesang,
NutraSweet Company, Shaoxing Marina Biotechnology Co., Ltd., Niutang Chemical Ltd., Foodchem International
Corporation, HYET Sweet, Vitasweet, Merisant, Cargill Incorporated, Ingredion Incorporated, and Hermes
Sweetener Ltd. These players are concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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