Neotame Market Is Expected To Reach $25.77 Million By 2032

Zion Market Research has published a new report titled “Neotame Market by Application (Carbonated Soft Drinks, Fermented Milk Products, Baked Products, and Others) and by End-User (Agriculture, Cosmetics, Pharmaceutical, and Food & Beverage), And By Region: Global Research Analysis, Latest Industry Insights, Comprehensive Analysis And Forecast 2024-2032”. According to the report, the global neotame market was approximately USD 16.47 Million in 2023 and is predicted to gain revenue of about USD 25.77 Million by 2032, is set to record a CAGR of nearly 5.10% over the period from 2024 to 2032.

Neotame is an artificial sweetener and a flavor enhancer, which is an off-white or white powder with an intensely sweet taste. Neotame enhances flavors and provides great taste when used as a sweetener. Neotame is 8,000 times sweeter than sugar. The high demand in the food industry and low manufacturing costs of neotame are the primary drivers likely to stimulate the growth of the global neotame market in the upcoming years. The growing demand for low-calorie food and calorie-free food products across the globe is anticipated to boost this market’s growth in the future.

Rising health concerns among the people in developing countries are also projected to contribute notably toward the neotame market growth in the future. However, the time-consuming government approval process might limit the neotame market on a global scale in the future.

Browse the full “Neotame Market by Application (Carbonated Soft Drinks, Fermented Milk Products, Baked Products, and Others) and by End-User (Agriculture, Cosmetics, Pharmaceutical, and Food & Beverage), And By Region: Global Research Analysis, Latest Industry Insights, Comprehensive Analysis And Forecast 2024-2032” Report at https://www.zionmarketresearch.com/report/neotame-market

By application, the neotame market includes carbonated soft drinks, fermented milk products, baked products, and others. Carbonated soft drinks are expected to dominate the global neotame market in the future. This can be attributed to the rising acceptance of zero-calorie soft drinks for controlling obesity. By end-user, the neotame market includes agriculture, cosmetics, pharmaceutical, and food and beverage. The food and beverage segment is expected to dominate the neotame market globally in the future, owing to the growing demand for low-calorie food products by the global population.

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa comprise the regional segment of the global neotame market. The European region held a major revenue share of the global neotame market in 2018 and is expected to continue its regional domination in the upcoming years. This regional growth can be attributed to the growing use of neotame in the food and beverage industry, especially in UK and Russia, and the presence of several regulatory bodies across the region along with the rising promotion of product safety.

The Asia Pacific region is expected to provide significant growth avenues in the global neotame market in the future. The rising health consciousness among the population is the primary factor likely to drive this regional market in the upcoming years. The need for neotame in low-calorie food and beverages is anticipated to further stimulate the growth of this regional market in the future.

Global Neotame Market: Competitive Players

Some of the most important market players in the global neotame market are

• Shaoxing Marina Biotechnology Co., Ltd
• Prinova Group LLC
• A & Z Food Additives Co
• The NutraSweet Company
• McNeil Nutritionals
• Fooding Group Limited
• JK Sucralose Inc
• Ingredion Incorporated

This report segments the global neotame market into:

Global Neotame Market: Application Analysis

• Carbonated Soft Drinks
• Fermented Milk Products
• Baked Products
• Others

Global Neotame Market: End-User Analysis

• Agriculture
• Cosmetics
• Pharmaceutical
• Food and Beverage

Global Neotame Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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