Neotame Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024

Report Code: ZMR-1698 | Report Format : | Status : Upcoming |

Abstract

Global Neotame Market: Overview

Neotame is an intensely sweet, white to off-white powder. It is used as an artificial sweetener manufactured from aspartame and 3, 3 –dimethylbutyraldehyde. Neotame is 8000 times sweeter than sugar and is highly used as a substitute for sugar. Neotame helps to regulate the blood sugar level and keeps the calorie level low in an individual. This makes it a desirable product for diabetic, obese, and health conscious individual.

Global Neotame Market: Segmentation

The global neotame market is segmented into its industry, application, and geography. On the basis of industry, the market is divided into agriculture, cosmetics, pharmaceuticals, and food and beverage industry. Based on application, the market is segregated into carbonated soft drinks, fermented milk products, baked products, and other food products. On the basis of geography, the market is diversified into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

Global Neotame Market: Growth Factors

Use of neotame has no effects on insulin concentration or glycemic control and plasma glucose in a diabetic individual. As a, result neotame does better than the artificial sweeteners in the market. People of all age groups, pregnant women, and diabetic patients can enjoy products made with neotame and maintain a healthful diet. This has accelerated the demand for neotame in the market. The rising demand for food products and beverages with low calories will act as a chief driver for neotame market growth. Rising health concern over diabetes and obesity through consumption of high sugar-sweetened beverages and food items is another potential factor for growth of the neotame market. Other factors fuelling the demand for neotame include its ability to get rapidly metabolized and eliminated from the body and its large-scale use in the production of jams and jellies, dairy products confectionary, and baked goods.

Global Neotame Market: Regional Analysis

The largest share of the neotame market is held by Europe owing to the approval to use neotame in food and beverages by the food authorities in this region. This has accelerated the demand for neotame especially in countries such as the U.K., and Germany. Growth in Europe is followed by North America. Consumption of neotame in various beverages and extended regulatory approval for the use of neotame contributes to the rising demand for neotame in this region. This growth is mainly concentrated in countries such as the U.S. and Canada. Europe and North America are expected to show a healthy growth in the forecast period. The neotame market in Asia Pacific is also growing at a significant pace owing to the large scale production of neotame in China to meet the increasing demands from Australia and India. A fair share of the market growth is also contributed by Latin America and the Middle East and Africa.

Global Neotame Market: Competitive Players

Some of the prominent market players in the neotame market include Shaoxing Marina Biotechnology Co. Ltd., Prinova Group LLC, A & Z Food Additives Co., The NutraSweet Company, McNeil Nutritionals, Fooding Group Limited, JK Sucralose Inc., and Ingredion Incorporated.

Global Neotame Market: Regional Segment Analysis

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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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