The market for Neotame Market is expected to reach US$ XX By 2023.
Developed by Nutrasweet 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.
By Application
By Geography
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.
The market for Neotame Market is expected to reach US$ XX By 2023.
The Neotame Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2016 to 2023.
The base year of this report is 2015.
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.,are some of the major players in the global market.