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Asia Pacific Aspartame Market Size, Share & Industry Trends Analysis Report By Product Form, By End User (Food & Beverages, Pharmaceuticals and Table-Top Sweeteners), By Sales Channel, By Country and Growth Forecast, 2023 - 2029

Published Date : 30-Apr-2023

Pages: 77

Formats: PDF

The Asia Pacific Aspartame Market would witness market growth of 3.7% CAGR during the forecast period (2023-2029).

The consumption of sugar and corn syrup is declining due to shifting consumer lifestyles and increased health consciousness. The demand for low-calorie sweeteners is increasing quickly as consumers become more aware of the advantages and accessibility of various low-calorie/zero-calorie sweeteners. In order to substitute sugar and reduce the number of calories and carbohydrates, low-calorie sweeteners are employed in food and beverages.

In addition, compared to table sugar, low-calorie sweeteners offer a more potent sweetness, so they can be used in much fewer amounts. Because using sugar and corn syrup as a sweetener has harmful effects on the body, including an increased risk of type 2 diabetes, skin aging, weight gain, and other issues, customers are exploring low-calorie sweeteners.

Also, a significant factor in the consumption of aspartame as a sweetener is the rise in diabetic patients and consumer awareness. Additionally, the food and beverage industry is increasingly focused on millennials and producing low-calorie energy drinks and meals. Therefore, during the forecast period, the market is bound to grow.

In Asia, diabetes affects more than 60% of the population, with China and India having the highest rates. In the Western Pacific, there are already more than 138 million diabetics, with 201 million expected by 2035. Between 2000 and 2035, the proportion of diabetics is supposed to increase by 150% in South Asia. The region's patient population of diabetics and obese people present a potential opportunity for aspartame manufacturers. In addition, numerous worldwide health organizations promote the use of sugar substitutes to combat the rapidly spreading diabetes epidemic in Asia, which is fuelling market expansion.

The China market dominated the Asia Pacific Aspartame Market by Country in 2022; thereby, achieving a market value of $67.5 Million by 2029. The Japan market is registering a CAGR of 3% during (2023 - 2029). Additionally, The India market would showcase a CAGR of 4.3% during (2023 - 2029).

Based on Product Form, the market is segmented into Powder and Granular. Based on End User, the market is segmented into Food & Beverages, Pharmaceuticals and Table-Top Sweeteners. Based on Food & Beverages Type, the market is segmented into Beverages, Bakery & Confectionery, Dietary and Dairy. Based on Sales Channel, the market is segmented into Offline and Online. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.

Free Valuable Insights: The Worldwide Aspartame Market is Projected to reach USD 476.4 Million by 2029, at a CAGR of 3.5%

The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Ingredion Incorporated, Changmao Biochemical Engineering Company Limited, Whole Earth Brands, Inc., Foodchem International Corporation, Taj Pharmaceuticals Limited, Global Calcium Pvt. Ltd., Geleriya Products, Nantong Changbai Food Additive Co. Ltd (Guangye L&P Ingredient Co group), Prakash Chemicals Agencies Pvt. Ltd, and Hermes Sweeteners Ltd.

Scope of the Study

Market Segments Covered in the Report:

By Product Form

  • Powder
  • Granular

By End User

  • Food & Beverages
    • Beverages
    • Bakery & Confectionery
    • Dietary
    • Dairy
  • Pharmaceuticals
  • Table-Top Sweetener

By Sales Channel

  • Offline
  • Online

By Country

  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific

Key Market Players

List of Companies Profiled in the Report:

  • Ingredion Incorporated
  • Changmao Biochemical Engineering Company Limited
  • Whole Earth Brands, Inc.
  • Foodchem International Corporation
  • Taj Pharmaceuticals Limited
  • Global Calcium Pvt. Ltd.
  • Geleriya Products
  • Nantong Changbai Food Additive Co. Ltd (Guangye L&P Ingredient Co group)
  • Prakash Chemicals Agencies Pvt. Ltd
  • Hermes Sweeteners Ltd.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Aspartame Market, by Product Form
1.4.2 Asia Pacific Aspartame Market, by End User
1.4.3 Asia Pacific Aspartame Market, by Sales Channel
1.4.4 Asia Pacific Aspartame Market, by Country
1.5 Methodology for the research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Asia Pacific Aspartame Market by Product Form
3.1 Asia Pacific Powder Market by Country
3.2 Asia Pacific Granular Market by Country

Chapter 4. Asia Pacific Aspartame Market by End User
4.1 Asia Pacific Food & Beverages Market by Country
4.2 Asia Pacific Aspartame Market by Food & Beverages Type
4.2.1 Asia Pacific Beverages Market by Country
4.2.2 Asia Pacific Bakery & Confectionery Market by Country
4.2.3 Asia Pacific Dietary Market by Country
4.2.4 Asia Pacific Dairy Market by Country
4.3 Asia Pacific Pharmaceuticals Market by Country
4.4 Asia Pacific Table Top Sweeteners Market by Country

Chapter 5. Asia Pacific Aspartame Market by Sales Channel
5.1 Asia Pacific Offline Market by Country
5.2 Asia Pacific Online Market by Country

Chapter 6. Asia Pacific Aspartame Market by Country
6.1 China Aspartame Market
6.1.1 China Aspartame Market by Product Form
6.1.2 China Aspartame Market by End User
6.1.2.1 China Aspartame Market by Food & Beverages Type
6.1.3 China Aspartame Market by Sales Channel
6.2 Japan Aspartame Market
6.2.1 Japan Aspartame Market by Product Form
6.2.2 Japan Aspartame Market by End User
6.2.2.1 Japan Aspartame Market by Food & Beverages Type
6.2.3 Japan Aspartame Market by Sales Channel
6.3 India Aspartame Market
6.3.1 India Aspartame Market by Product Form
6.3.2 India Aspartame Market by End User
6.3.2.1 India Aspartame Market by Food & Beverages Type
6.3.3 India Aspartame Market by Sales Channel
6.4 South Korea Aspartame Market
6.4.1 South Korea Aspartame Market by Product Form
6.4.2 South Korea Aspartame Market by End User
6.4.2.1 South Korea Aspartame Market by Food & Beverages Type
6.4.3 South Korea Aspartame Market by Sales Channel
6.5 Singapore Aspartame Market
6.5.1 Singapore Aspartame Market by Product Form
6.5.2 Singapore Aspartame Market by End User
6.5.2.1 Singapore Aspartame Market by Food & Beverages Type
6.5.3 Singapore Aspartame Market by Sales Channel
6.6 Malaysia Aspartame Market
6.6.1 Malaysia Aspartame Market by Product Form
6.6.2 Malaysia Aspartame Market by End User
6.6.2.1 Malaysia Aspartame Market by Food & Beverages Type
6.6.3 Malaysia Aspartame Market by Sales Channel
6.7 Rest of Asia Pacific Aspartame Market
6.7.1 Rest of Asia Pacific Aspartame Market by Product Form
6.7.2 Rest of Asia Pacific Aspartame Market by End User
6.7.2.1 Rest of Asia Pacific Aspartame Market by Food & Beverages Type
6.7.3 Rest of Asia Pacific Aspartame Market by Sales Channel

Chapter 7. Company Profiles
7.1 Ingredion Incorporated
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Changmao Biochemical Engineering Company Limited
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional Analysis
7.2.4 Research & Development Expenses
7.3 Whole Earth Brands, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.4 Foodchem International Corporation
7.4.1 Company Overview
7.5 Taj Pharmaceuticals Limited
7.5.1 Company Overview
7.6 Global Calcium Pvt. Ltd.
7.6.1 Company Overview
7.7 Geleriya Products
7.7.1 Company Overview
7.8 Nantong Changhai Food Additive Co. Ltd. (Guangye L&P Ingredient Co group)
7.8.1 Company Overview
7.9 Prakash Chemicals Agencies Pvt. Ltd
7.9.1 Company Overview
7.10. Hermes Sweeteners Ltd.
7.10.1 Company Overview
TABLE 1 Asia Pacific Aspartame Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Aspartame Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 5 Asia Pacific Powder Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Powder Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific Granular Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Granular Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Beverages Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Beverages Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Bakery & Confectionery Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Dietary Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Dietary Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific Dairy Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Dairy Market by Country, 2023 - 2029, USD Million
TABLE 23 Asia Pacific Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 24 Asia Pacific Pharmaceuticals Market by Country, 2023 - 2029, USD Million
TABLE 25 Asia Pacific Table Top Sweeteners Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Table Top Sweeteners Market by Country, 2023 - 2029, USD Million
TABLE 27 Asia Pacific Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 28 Asia Pacific Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 29 Asia Pacific Offline Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Offline Market by Country, 2023 - 2029, USD Million
TABLE 31 Asia Pacific Online Market by Country, 2019 - 2022, USD Million
TABLE 32 Asia Pacific Online Market by Country, 2023 - 2029, USD Million
TABLE 33 Asia Pacific Aspartame Market by Country, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Aspartame Market by Country, 2023 - 2029, USD Million
TABLE 35 China Aspartame Market, 2019 - 2022, USD Million
TABLE 36 China Aspartame Market, 2023 - 2029, USD Million
TABLE 37 China Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 38 China Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 39 China Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 40 China Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 41 China Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 42 China Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 43 China Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 44 China Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 45 Japan Aspartame Market, 2019 - 2022, USD Million
TABLE 46 Japan Aspartame Market, 2023 - 2029, USD Million
TABLE 47 Japan Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 48 Japan Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 49 Japan Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 50 Japan Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 51 Japan Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 52 Japan Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 53 Japan Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 54 Japan Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 55 India Aspartame Market, 2019 - 2022, USD Million
TABLE 56 India Aspartame Market, 2023 - 2029, USD Million
TABLE 57 India Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 58 India Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 59 India Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 60 India Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 61 India Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 62 India Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 63 India Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 64 India Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 65 South Korea Aspartame Market, 2019 - 2022, USD Million
TABLE 66 South Korea Aspartame Market, 2023 - 2029, USD Million
TABLE 67 South Korea Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 68 South Korea Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 69 South Korea Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 70 South Korea Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 71 South Korea Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 72 South Korea Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 73 South Korea Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 74 South Korea Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 75 Singapore Aspartame Market, 2019 - 2022, USD Million
TABLE 76 Singapore Aspartame Market, 2023 - 2029, USD Million
TABLE 77 Singapore Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 78 Singapore Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 79 Singapore Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 80 Singapore Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 81 Singapore Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 82 Singapore Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 83 Singapore Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 84 Singapore Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 85 Malaysia Aspartame Market, 2019 - 2022, USD Million
TABLE 86 Malaysia Aspartame Market, 2023 - 2029, USD Million
TABLE 87 Malaysia Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 88 Malaysia Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 89 Malaysia Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 90 Malaysia Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 91 Malaysia Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 92 Malaysia Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 93 Malaysia Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 94 Malaysia Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 95 Rest of Asia Pacific Aspartame Market, 2019 - 2022, USD Million
TABLE 96 Rest of Asia Pacific Aspartame Market, 2023 - 2029, USD Million
TABLE 97 Rest of Asia Pacific Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 98 Rest of Asia Pacific Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 99 Rest of Asia Pacific Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 100 Rest of Asia Pacific Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 101 Rest of Asia Pacific Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 102 Rest of Asia Pacific Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 103 Rest of Asia Pacific Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 104 Rest of Asia Pacific Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 105 Key Information – Ingredion Incorporated
TABLE 106 Key Information – Changmao Biochemical Engineering Company Limited
TABLE 107 Key Information – Whole Earth Brands, Inc.
TABLE 108 Key information – Foodchem International Corporation
TABLE 109 Key Information – Taj Pharmaceuticals Limited
TABLE 110 Key Information – Global Calcium Pvt. Ltd.
TABLE 111 Key Information – GELERIYA PRODUCTS
TABLE 112 Key Information – Nantong Changhai Food Additive Co. Ltd.
TABLE 113 Key Information – Prakash Chemicals Agencies Pvt. Ltd
TABLE 114 Key Information – Hermes Sweeteners Ltd.

List of Figures
FIG 1 Methodology for the research

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