According to a new report, published by KBV research, The Global Aspartame Market size is expected to reach $476.4 million by 2029, rising at a market growth of 3.5% CAGR during the forecast period.
The Granular market would witness a CAGR of 4% during (2023 - 2029). Aspartame granular is a nutritive sweetener made up of two amino acids: L-phenylalanine and L-aspartic acid. These amino acids combine to form aspartame. This low-calorie sweetener does not leave a metallic aftertaste and does not linger in the mouth.
The Food & Beverages market is leading the segment in the Global Aspartame Market by End User in 2022; thereby, achieving a market value of $292.8 Million by 2029. This is due to the widespread use of aspartame in numerous food products since it has the ability to expand the shelf life of food products in addition to its taste-enhancing properties. Aspartame is frequently used to produce various sweets, jellies, candies, and other types of food preparations.
The Online market would register a CAGR of 5.6% during (2023 - 2029). The convenience online distribution platforms provide is a major factor in their rising prevalence. Online shopping is becoming increasingly popular for those looking to purchase necessities like food and drink. The COVID-19 outbreak raised customers' awareness of the importance of avoiding coming into physical touch with other consumers.
The Asia Pacific market dominated the Global Aspartame Market by Region in 2022; thereby, achieving a market value of $232.4 Million by 2029. The North America market is anticipated to grow a CAGR of 3.1% during (2023 - 2029). Additionally, The Europe market would witness a CAGR of 3.3% during (2023 - 2029).
Full Report: https://www.kbvresearch.com/aspartame-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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