Market Insights
Developed by Nutra sweet Company, a former division of Monsanto, Neotame is an artificial sweetener derived from aspartame and contains around 8,000 times more sweetness than sugar.
The neotame market is growing substantially, owing to rising health consciousness among consumers. Changing lifestyles, hectic schedules, and a shift in preference toward low-calorie foods and beverages are the factors that will foster market demand. In addition, Neotame also offers great flexibility and value to food and beverage companies in developing new products, as it can be used in combination with other nutritive or non-nutritive sweeteners. Neotame has developed a significant position in the sweetener market as an ingredient that can be blended with small quantities of sugar in various food products.
At present, the U.S. is the largest market for Neotame. Rising awareness about Neotame and its uses in different applications is projected to boost the neotame demand in the Asia-Pacific region over the coming few years. The European market is also projected to witness significant growth owing to regulatory policies pertaining to product safety.
The global production of Neotame is mainly concentrated in the U.S. and China. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global neotame market is segmented on the following bases:
By Application
- Food & Beverages
- Feed Additives
- Pharmaceuticals
- Cosmetics/Personal Care
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
Key players identified in the Neotame market include, but are not limited to:
The NutraSweet Company, WuHan HuaSweet Company, Jinan Pro sweet Biotechnology Co., Ltd., J.W. Childs, Sinosweet Co., Ltd., Bangye Group Company, and Jinan Sweet Biotechnology Co., among others.
This report offers the following:
- An overview of the global neotame market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles, highlighting key information about the major players operating in the global neotame market,
- This report includes an estimation of market sizes for value and volume. Both top-down and bottom-up approaches have been used to estimate and validate the size of the neotame market.
