The Food and Drug Administration (FDA) of the United States has declared Aspartame safe for human consumption, describing it as the agency's most carefully researched food ingredient. Aspartame is mostly used in carbonated drinks in nations such as the United States, as well as medicinal preparations, chewing gum, and fruit-based drinks. Its increasing use in end-use industries is projected to boost the global aspartame market in the near future. Furthermore, increased public health awareness is another cause for the market to develop positively throughout the forecast period. Factors such as a short shelf life due to lower stability at higher temperatures, may limit the aspartame market's growth. Furthermore, changing customer tastes, new product improvements, and the increased availability of competitive goods such as sucralose, which has a longer shelf life than aspartame, may limit aspartame demand throughout the projection period.
According to Coherent Market Insights, The global Aspartame Market size is likely to witness potential gains in the near future, and grow at a CAGR of 4.9% over the forecast period (2019 - 2027).
Prominent Companies in the Aspartame Industry:
1. Taj Pharmaceuticals Ltd.
Taj Pharmaceuticals manufactures medicines. Their products are prescription solutions, lifesaving drugs, anti-cancer drugs, veterinary products, consumer brands, and CNS drugs. It focuses on medicines of anemia, anxiety disorders, cancer/oncology, ear infections, heart failure, hepatitis, HIV/AIDS, influenza, non-Hodgkin’s lymphoma, obesity, osteoporosis, Parkinson’s disease, pneumonia, transplantation, and common diseases. Founded in 2004, headquartered in Goregaon, Maharashtra.
2. The Nutrasweet Company (Monsanto)
Founded in 1965, headquartered in Chicago, U.S. As the world's premier sugar substitute, NutraSweet offers great taste and virtually no calories. With regulatory approvals in more than 100 countries on six continents, NutraSweet is the most widely recognized and tested sweetening ingredient in the world. In Jul 3, 2018 Manus Bio acquired The NutraSweet Company for an undisclosed amount.
3. Sinoway International (Jiangsu) Co., Ltd.
Sinoway International Holdings Ltd. supplies customers with petroleum and petroleum products. The Company's products include green delayed petcoke, calcined petroleum coke, pre-baked anode, and coal tar pitch, among others. Sinoway offers its products to customers throughout Hong Kong. Founded in 1987.
4. Niutang Chemical Ltd.
Niutang was established in 1969 and has grown to be one of the world's leading manufacturers and distributors of food additives, chemicals and pharmaceutical intermediates that are instrumental to food, beverage, pharmaceutical, nutraceutical and industrial product. Headquartered in California, U.S.
5. The Holland Sweetener Company
Holland Sweetener Company (HSC) is a global player in the intense sweetener market. Founded in 1985, the HSC is a joint venture of DSM (the Netherlands) and Tosoh Corporation (Japan), and is now the largest European manufacturer of aspartame. Recent product innovations include Twinsweet TM,the aspartame-acesulfame salt designed for confectionery and powder mix applications. HSC corporate headquarters and state-of-the-art production facility are situated in the Netherlands.
*Definition- Aspartame is a low-calorie artificial sweetener that is widely used as a food ingredient.
