The North America Aspartame Market would witness market growth of 3.1% CAGR during the forecast period (2023-2029).
Consumers are moving toward better lifestyles as they grow more health conscious. In addition, spending on goods with extra benefits has increased in recent years due to expanding consumer purchasing power and an emphasis on aesthetics. As a result, supplements and nutraceutical goods are in high demand to obtain essential nutritional levels and avoid health issues.
Furthermore, by adding aspartame to vitamins for a better flavor, major manufacturers are attempting to capitalize on emerging health trends. As a result, rising supplement use is anticipated to drive aspartame demand in the near future. Companies today aim to draw customers by removing sugar from products as well as using labels that suggest taste without extra sugar and calories.
By keeping popular consistency and textures in products without sugar, businesses want to give sensory appeal and satisfy consumer demand. DULCENTTM aspartame, sucralose, and Ace-K sweeteners from Ingredion, for instance, offer sweetness, functionality, and cost-saving aims in various applications.
Both the US and Canada have high rates of urbanization, with over a million people living in a number of their main cities. In addition to that, there is a reputable food business. This strong uptake is also being pushed by the quantity of well-established modern retail facilities, which contribute to the ease of availability. As a result of having the highest per capita incomes, Americans have significant amounts of money at their disposal. They have more opportunities to test different foods due to their increased purchasing power. All these factors are propelling the demand for aspartame in the region, thereby accelerating the expansion of the market throughout the projected period.
The US market dominated the North America Aspartame Market by Country in 2022; thereby, achieving a market value of $82.9 Million by 2029. The Canada market is experiencing a CAGR of 5.4% during (2023 - 2029). Additionally, The Mexico market would exhibit a CAGR of 4.5% 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 U.S., Mexico, Canada, and Rest of North America.
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
By End User
- Food & Beverages
- Beverages
- Bakery & Confectionery
- Dietary
- Dairy
- Pharmaceuticals
- Table-Top Sweetener
By Sales Channel
By Country
- US
- Canada
- Mexico
- Rest of North America
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 North America Aspartame Market, by Product Form
1.4.2 North America Aspartame Market, by End User
1.4.3 North America Aspartame Market, by Sales Channel
1.4.4 North America 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. North America Aspartame Market by Product Form
3.1 North America Powder Market by Country
3.2 North America Granular Market by Country
Chapter 4. North America Aspartame Market by End User
4.1 North America Food & Beverages Market by Country
4.2 North America Aspartame Market by Food & Beverages Type
4.2.1 North America Beverages Market by Country
4.2.2 North America Bakery & Confectionery Market by Country
4.2.3 North America Dietary Market by Country
4.2.4 North America Dairy Market by Country
4.3 North America Pharmaceuticals Market by Country
4.4 North America Table Top Sweeteners Market by Country
Chapter 5. North America Aspartame Market by Sales Channel
5.1 North America Offline Market by Country
5.2 North America Online Market by Country
Chapter 6. North America Aspartame Market by Country
6.1 US Aspartame Market
6.1.1 US Aspartame Market by Product Form
6.1.2 US Aspartame Market by End User
6.1.2.1 US Aspartame Market by Food & Beverages Type
6.1.3 US Aspartame Market by Sales Channel
6.2 Canada Aspartame Market
6.2.1 Canada Aspartame Market by Product Form
6.2.2 Canada Aspartame Market by End User
6.2.2.1 Canada Aspartame Market by Food & Beverages Type
6.2.3 Canada Aspartame Market by Sales Channel
6.3 Mexico Aspartame Market
6.3.1 Mexico Aspartame Market by Product Form
6.3.2 Mexico Aspartame Market by End User
6.3.2.1 Mexico Aspartame Market by Food & Beverages Type
6.3.3 Mexico Aspartame Market by Sales Channel
6.4 Rest of North America Aspartame Market
6.4.1 Rest of North America Aspartame Market by Product Form
6.4.2 Rest of North America Aspartame Market by End User
6.4.2.1 Rest of North America Aspartame Market by Food & Beverages Type
6.4.3 Rest of North America 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 North America Aspartame Market, 2019 - 2022, USD Million
TABLE 2 North America Aspartame Market, 2023 - 2029, USD Million
TABLE 3 North America Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 4 North America Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 5 North America Powder Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Powder Market by Country, 2023 - 2029, USD Million
TABLE 7 North America Granular Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Granular Market by Country, 2023 - 2029, USD Million
TABLE 9 North America Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 10 North America Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 11 North America Food & Beverages Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Food & Beverages Market by Country, 2023 - 2029, USD Million
TABLE 13 North America Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 14 North America Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 15 North America Beverages Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Beverages Market by Country, 2023 - 2029, USD Million
TABLE 17 North America Bakery & Confectionery Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Bakery & Confectionery Market by Country, 2023 - 2029, USD Million
TABLE 19 North America Dietary Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Dietary Market by Country, 2023 - 2029, USD Million
TABLE 21 North America Dairy Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Dairy Market by Country, 2023 - 2029, USD Million
TABLE 23 North America Pharmaceuticals Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Pharmaceuticals Market by Country, 2023 - 2029, USD Million
TABLE 25 North America Table Top Sweeteners Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Table Top Sweeteners Market by Country, 2023 - 2029, USD Million
TABLE 27 North America Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 28 North America Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 29 North America Offline Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Offline Market by Country, 2023 - 2029, USD Million
TABLE 31 North America Online Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Online Market by Country, 2023 - 2029, USD Million
TABLE 33 North America Aspartame Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Aspartame Market by Country, 2023 - 2029, USD Million
TABLE 35 US Aspartame Market, 2019 - 2022, USD Million
TABLE 36 US Aspartame Market, 2023 - 2029, USD Million
TABLE 37 US Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 38 US Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 39 US Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 40 US Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 41 US Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 42 US Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 43 US Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 44 US Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 45 Canada Aspartame Market, 2019 - 2022, USD Million
TABLE 46 Canada Aspartame Market, 2023 - 2029, USD Million
TABLE 47 Canada Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 48 Canada Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 49 Canada Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 50 Canada Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 51 Canada Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 52 Canada Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 53 Canada Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 54 Canada Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 55 Mexico Aspartame Market, 2019 - 2022, USD Million
TABLE 56 Mexico Aspartame Market, 2023 - 2029, USD Million
TABLE 57 Mexico Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 58 Mexico Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 59 Mexico Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 60 Mexico Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 61 Mexico Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 62 Mexico Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 63 Mexico Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 64 Mexico Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 65 Rest of North America Aspartame Market, 2019 - 2022, USD Million
TABLE 66 Rest of North America Aspartame Market, 2023 - 2029, USD Million
TABLE 67 Rest of North America Aspartame Market by Product Form, 2019 - 2022, USD Million
TABLE 68 Rest of North America Aspartame Market by Product Form, 2023 - 2029, USD Million
TABLE 69 Rest of North America Aspartame Market by End User, 2019 - 2022, USD Million
TABLE 70 Rest of North America Aspartame Market by End User, 2023 - 2029, USD Million
TABLE 71 Rest of North America Aspartame Market by Food & Beverages Type, 2019 - 2022, USD Million
TABLE 72 Rest of North America Aspartame Market by Food & Beverages Type, 2023 - 2029, USD Million
TABLE 73 Rest of North America Aspartame Market by Sales Channel, 2019 - 2022, USD Million
TABLE 74 Rest of North America Aspartame Market by Sales Channel, 2023 - 2029, USD Million
TABLE 75 Key Information – Ingredion Incorporated
TABLE 76 Key Information – Changmao Biochemical Engineering Company Limited
TABLE 77 Key Information – Whole Earth Brands, Inc.
TABLE 78 Key information – Foodchem International Corporation
TABLE 79 Key Information – Taj Pharmaceuticals Limited
TABLE 80 Key Information – Global Calcium Pvt. Ltd.
TABLE 81 Key Information – GELERIYA PRODUCTS
TABLE 82 Key Information – Nantong Changhai Food Additive Co. Ltd.
TABLE 83 Key Information – Prakash Chemicals Agencies Pvt. Ltd
TABLE 84 Key Information – Hermes Sweeteners Ltd.
List of Figures
FIG 1 Methodology for the research