Neotame Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Neotame Market Analysis
The global neotame market is projected to register a CAGR of 3.45% during the forecast period of 2020-2025.
- The food and beverage industry is increasingly using neotame for manufacturing a variety of products, due to its low cost and high efficiency, as well as the approval of food authorities (such as the US FDA). This factor is expected to boost the demand for neotame during the forecast period.
- The European market is also projected to generate significant demand for neotame, owing to the increasing applications in the bakery industry in Europe. Additionally, as it is a low-calorie sweetener, it is increasingly being preferred by the health-conscious consumers of the region.
Neotame Market Trends
This section covers the major market trends shaping the Neotame Market according to our research experts:
Increasing preference for neotame as Non-caloric Sweetener
The demand for low-calorie sweetener and low-calorie beverages, such as diet coke and low-calorie drinks, as well as low-calorie foods, such as yogurt, ice cream, and grain-based desserts, increased worldwide. The replacement of sugar with low-calorie sweeteners, such as neotame, aspartame, and sucralose, can reduce the calorie intake, and thus, help in the management of weight and blood sugar level. The application of the zero-calorie sweeteners in food and beverages is related to formulation stability, flavor issues, pricing, and consumers' taste and preferences. The trends in the global market indicate that the consumers are moving toward healthy, natural, and zero-calorie sweeteners, as the high-calorie sweeteners have deteriorating effects on health, the long-term impact of which is lethal.
Asia-Pacific is the fastest growing region
The increasing awareness about neotame and its different applications are the factors projected to boost the demand for neotame in the Asia-Pacific region during the forecast period. The expansion of the food and beverage industry, owing to an increase in consumer affordability and the focus on a healthy lifestyle, is expected to drive the market in Asia-Pacific. The product also qualified all the regulatory checks in the sweetener market in Australia and New Zealand, and Middle-East and Africa. The sweetener market is expected to be driven by the increasing number of restaurants and cafés in the United Arab Emirates, Qatar, and the Asian countries (particularly India). The Europen market is also projected to witness significant growth, owing to regulatory policies to product safety. The prominent bakery market in Europe, which is regarded as the staple food market, accounts for a significant demand for additives.
Neotame Industry Overview
These companies are focusing on the expansion of facilities and product portfolio, due to the growing demand for aspartic acid in the food and beverage industry. Companies are actively involved in developing innovative products. This factor is encouraging the food and beverage manufacturers to use neotame, in order to enhance the quality of the products. Some of the major players in the global neotame market include Foodchem International Corporation, Fooding Group Limited, Sweetner Holdings Inc. Prinova Group LLC, JJD Enterprises, H&A Canada Inc., etc.
Neotame Market Leaders
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Foodchem International Corporation
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Fooding Group Limited
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Prinova Group LLC
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NutraSweet Co
*Disclaimer: Major Players sorted in no particular order
Neotame Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Food and Beverage
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5.1.1.1 Bakery Products
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5.1.1.2 Confectionery
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5.1.1.3 Dairy Products
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5.1.1.4 Beverages
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5.1.1.5 Other Food and Beverage Products
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5.1.2 Pharmaceuticals
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5.1.3 Other Applications
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 United Kingdom
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5.2.2.2 Germany
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5.2.2.3 France
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5.2.2.4 Russia
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5.2.2.5 Italy
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5.2.2.6 Spain
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5.2.2.7 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 India
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5.2.3.2 China
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5.2.3.3 Japan
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 Rest of the World
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5.2.4.1 South America
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5.2.4.2 Africa
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5.2.4.3 Middle-East
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Foodchem International Corporation
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6.4.2 Fooding Group Limited
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6.4.3 Prinova Group LLC
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6.4.4 NutraSweet Co
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6.4.5 WuHan HuaSweet Co. Ltd
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6.4.6 A & Z Food Additives Co. Ltd
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6.4.7 H & A Canada Inc.
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6.4.8 JJD Enterprises
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Neotame Industry Segmentation
The global neotame market is segmented, by application and geography. By application, the market studied is segmented into food and beverages, pharmaceuticals, and other applications. The food and beverages segment is further sub-segmented into the bakery, confectionery, dairy products, beverages, and other sub-segments. The report also provides an analysis of the market in the emerging and established economies worldwide, including North America, Europe, Asia-Pacific, and the rest of world.
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Neotame Market Research FAQs
What is the current Neotame Market size?
The Neotame Market is projected to register a CAGR of 3.45% during the forecast period (2024-2029)
Who are the key players in Neotame Market?
Foodchem International Corporation, Fooding Group Limited, Prinova Group LLC and NutraSweet Co are the major companies operating in the Neotame Market.
Which is the fastest growing region in Neotame Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Neotame Market?
In 2024, the North America accounts for the largest market share in Neotame Market.
What years does this Neotame Market cover?
The report covers the Neotame Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Neotame Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Neotame Industry Report
Statistics for the 2024 Neotame market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Neotame analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
