11th February 2019 – 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.
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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.
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.
- Gsweet Biotech
- Hanguang Group
- HYET Sweet
- Beverage & Food
- Dairy Products
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- North America
- Asia Pacific
- Middle East and Africa
- South America
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