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Neotame Market

Global Neotame Market Analysis, Share, Trends, Forecast: By Application: Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics and Personal Care, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032

Global Neotame Market Outlook

The global neotame market is projected to grow at a CAGR of 4.8% between 2024 and 2032. The market growth can be attributed to the rising demand for low-calorie and sugar-free products.

 

Key Takeaways

  • The Asia Pacific and North America are expected to dominate the market over the forecast period.
  • The food and beverage industry is expected to constitute a major portion of the global neotame market share in the coming years.
  • Rising demand for neotame in animal feed is one of the key market trends expected to drive the market.

 

Neotame, an artificial sweetener, has a sweet taste as that of sucrose but does not offer a bitter aftertaste. Neotame has distinct advantages like excellent stability at a neutral pH, extreme potency, stability at mild temperatures, and rapid metabolisation. Therefore, it finds many uses in baked foods and confectioneries.

 

The global neotame market is being driven by increasing health awareness, rising demand for low-calorie and sugar-free products, and the growing prevalence of obesity and diabetes. The cost-effectiveness and high sweetness potency of neotame, allowing minimal usage for desired sweetness, and its stability in various applications are further fuelling the market growth.

 

Key Trends and Developments

Increasing use in cosmetics and pharmaceutical products; the robustly growing food and beverage industry; and the rising applications of neotame in animal feed are the major trends impacting the market growth.

 

Date Company/Organisation Event
November 2022 The Ministry of Industry and Information Technology of China selected WuHan HuaSweet Co. as a “little giant enterprise” with technological expertise in neotame.
May 2022 MilliporeSigma introduced Neotame Emprove Essential NF, which is designed as an excipient to neutralize the bitter flavour of APIs (active pharmaceutical ingredients).
September 2021 Prinova Group LLC acquired The Ingredient House LLC to expand the number of its distribution channels and bolster its market presence.
July 2020 WuHan HuaSweet Co. launched a new brand of zero-calorie sugar called Oklavia in China to combat obesity.

 

 

Trends Impact
Increasing use of neotames in cosmetic products Neotame can improve the taste of lip balms and create an aromatic personal care experience for consumers.
Peak demand from food and beverage industry Neotame is utilised in various food and beverage products to enhance their flavour, which is contributing to the neotame market expansion.
Rising demand for neotame in animal feed Neotame has the potential to increase the meal intake frequency of poultry animals like pigs and significantly enhance the flavour of animal feed.
Rising demand for pharmaceutical products The demand for neotame in the pharmaceutical sector is increasing as it masks the bitter flavour of active pharmaceutical ingredients and facilitates medicine consumption.

 

Global Neotame Market Trends

In July 2020, WuHan HuaSweet Co., Ltd addressed China's growing obesity concerns by introducing Oklavia, a brand of zero-calorie sugar. Oklavia aims to offer a healthier alternative to traditional sugars, supporting weight management and reducing the risk of obesity-related health issues. By leveraging advanced sweetener technology, Oklavia provides the sweetness people crave without the calories, making it an ideal choice for consumers looking to maintain a balanced diet while enjoying sweet flavours in their food and beverages. Further such initiatives are likely to lead to the global neotame market development in the coming years.

 

Neotame's utilisation across a wide range of food and beverage products as a flavor enhancer significantly contributes to the market expansion. Its exceptional sweetening power, coupled with a clean, sugar-like taste, allows manufacturers to reduce caloric content without compromising flavour, catering to the growing consumer demand for healthier, low-calorie options. This versatility and effectiveness in enhancing sweetness with minimal quantity make neotame a preferred choice in diet sodas, confectioneries, baked goods, and dairy products, thereby driving its adoption and market growth globally.

 

Market Segmentation

“Global Neotame Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Application Food and Beverage, Pharmaceuticals, Animal Feed, Cosmetics and Personal Care, Others
Region North America, Europe, Asia Pacific, Middle East and Africa, Latin America

 

Neotame is expected to find increasing application in the food and beverage sector over the forecast period.

The food and beverage industry is expected to constitute a major portion of the global neotame market share, primarily due to the increasing consumer demand for low-calorie, sugar-free alternatives that do not compromise on taste. Neotame, being significantly sweeter than sugar with negligible caloric content, allows manufacturers to produce a wide array of healthier products appealing to health-conscious consumers.

 

Additionally, the rising prevalence of diabetes and obesity worldwide has led to a shift in consumer preferences towards low-sugar products, further fueling the demand for high-intensity sweeteners like neotame. Its versatility and cost-effectiveness in enhancing flavour without adding calories make it particularly attractive for the food and beverage sector.

 

Competitive Landscape

Major market players are investing in research and development of artificial sweeteners which have positive impact on health.

 

Company Name Year Founded Headquarters Specialisation
WuHan HuaSweet Co., Ltd 2004 China Specialises in researching and producing healthy sugar substitutes like neotame and advantame globally.
Foodchem International Corporation 2006 Shanghai, China Involved in marketing and distributing various food additives and ingredients 150+ countries globally.
Fooding Group Limited 1995 Shanghai, China Supplies various food ingredients such as thickeners and sweeteners, among others, which are essential for producing commercial food products.
NutraSweet Co. 1981 Illinois, United States Engaged in manufacturing food additives and natural sweeteners that taste like sugar and have minimal harmful impact.

 

Global Neotame Market Regional Analysis

North America and the Asia Pacific are at the forefront of neotame consumption and production. North America, led by the United States, exhibits a high demand for neotame, primarily driven by the health-conscious consumer base seeking low-calorie and sugar-free food and beverage options. The robust regulatory framework supporting the use of artificial sweeteners, along with the presence of key market players, further bolsters the North America neotame market.

 

Meanwhile, the Asia Pacific region, particularly China and India, is witnessing rapid due to increasing awareness of obesity and related health issues. The expanding food and beverage industry, coupled with rising disposable incomes and changing lifestyle preferences towards healthier dietary choices, significantly contributes to the market expansion in this region. The regulatory approvals for Neotame's use in various applications also play a crucial role in its adoption, making the Asia Pacific a key player in the global neotame market landscape.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment

  • Application
  • Region
Breakup by Application
  • Food and Beverage
  • Pharmaceuticals
  • Animal Feed
  • Cosmetics and Personal Care
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • WuHan HuaSweet Co., Ltd 
  • Foodchem International Corporation
  • Fooding Group Limited
  • NutraSweet Co.,
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Neotame Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Neotame Historical Market (2018-2023) 
    8.3    Global Neotame Market Forecast (2024-2032)
    8.4    Global Neotame Market by Application
        8.4.1    Food and Beverage
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Pharmaceuticals
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Animal Feed
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Cosmetics and Personal Care
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Others
    8.5    Global Neotame Market by Region       
        8.5.1    North America
            8.5.1.1    Historical Trend (2018-2023) 
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Europe
            8.5.2.1    Historical Trend (2018-2023) 
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Asia Pacific
            8.5.3.1    Historical Trend (2018-2023) 
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Latin America
            8.5.4.1    Historical Trend (2018-2023) 
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Middle East and Africa
            8.5.5.1    Historical Trend (2018-2023) 
            8.5.5.2    Forecast Trend (2024-2032)
9    North America Neotame Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Neotame Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Neotame Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Neotame Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Neotame Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis

    16.1    North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.2    Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.3    Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.4    Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
    16.5    Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
17    Competitive Landscape
    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    WuHan HuaSweet Co., Ltd 
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Foodchem International Corporation
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Fooding Group Limited
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    NutraSweet Co.,
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    Others
18    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operations Involved
2    Project Requirements and Cost Analysis
    2.1    Land, Location, and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Raw Materials
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investments

 

List of Key Figures and Tables

1.    Global Neotame Market: Key Industry Highlights, 2018 and 2032
2.    Global Neotame Historical Market: Breakup by Application (USD Million), 2018-2023
3.    Global Neotame Market Forecast: Breakup by Application (USD Million), 2024-2032
4.    Global Neotame Historical Market: Breakup by Region (USD Million), 2018-2023
5.    Global Neotame Market Forecast: Breakup by Region (USD Million), 2024-2032
6.    North America Neotame Historical Market: Breakup by Country (USD Million), 2018-2023
7.    North America Neotame Market Forecast: Breakup by Country (USD Million), 2024-2032
8.    Europe Neotame Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Europe Neotame Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Asia Pacific Neotame Historical Market: Breakup by Country (USD Million), 2018-2023
11.    Asia Pacific Neotame Market Forecast: Breakup by Country (USD Million), 2024-2032
12.    Latin America Neotame Historical Market: Breakup by Country (USD Million), 2018-2023
13.    Latin America Neotame Market Forecast: Breakup by Country (USD Million), 2024-2032
14.    Middle East and Africa Neotame Historical Market: Breakup by Country (USD Million), 2018-2023
15.    Middle East and Africa Neotame Market Forecast: Breakup by Country (USD Million), 2024-2032
16.    North America Historical Price Trends and Forecast 2018-2032
17.    Europe Historical Price Trends and Forecast 2018-2032
18.    Asia Pacific Historical Price Trends and Forecast 2018-2032
19.    Latin America Historical Price Trends and Forecast 2018-2032
20.    Middle East and Africa Historical Price Trends and Forecast 2018-2032
21.    Global Neotame Market Structure

Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 4.8% between 2024 and 2032.

The market is being driven by the increasing health awareness, rising demand for low-calorie and sugar-free products, and the growing prevalence of obesity and diabetes.

The key trends aiding the market expansion include increasing use of neotame in cosmetics and pharmaceutical products, robustly growing food and beverage industry, and the rising applications of neotame in animal feed.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major applications of neotame include food and beverage, pharmaceuticals, animal feed, and cosmetics and personal care, among others.

Yes, neotame been approved by the FDA for usage as a flavour enhancer.

Neotame is an artificial sweetener which is obtained from aspartame and has wide ranging applications across various industries.

The major players in the market are WuHan HuaSweet Co., Ltd, Foodchem International Corporation, Fooding Group Limited, and NutraSweet Co., among others.

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