Neotame manufactured from 3,3 –dimethylbutyraldehyde and aspartame, is an artificial sweetener with off-white to white powder and an intensely sweet taste. Neotame delivers great taste and enhances flavours when used as a sweetener and is 8,000 times more sweetness than that of sugar. Globally, increasing health issues such as obesity and diabetes, growing demand for low calories food products, and Neotame’s ability to get rapidly metabolized and get completely eliminated from the body are the prime growth drivers of Neotame market. In addition, increase in adoption of Neotame in emerging economies such as China, India and others, will create new opportunities for Neotame market. However, higher cost of the research and development, and stringent government approval process are the key restraints for Neotame market.
Geographically Europe dominated Neotame market because of higher demand in countries like U.K. and Germany, owing to approval for use of Neotame as an additive in food and beverage by the food authorities. Asia Pacific is projected to have fastest growth, owing to rapidly rising health issues such as obesity and diabetes amongst individual though consumption of high sugar-sweetened food items and beverages, and growing demand for low calories food products, rise in consumer awareness, and favourable government policies in developing nations such as China and India in this region. Among all the end-user industry, food and beverage has the highest market share in Neotame market.
This report identifies the Neotame market size in for the year 2015-2017, and forecast of the same for year 2025. It also highlights the market drivers, restraints, growth indicators, challenges and other key aspects with respect to global Neotame market.
This report segments Neotame market on the basis of application, end-user industry, and regional market as follows:
- Neotame Market, By Application: Baked Goods, Fermented Milk Products, Carbonated Soft Drinks, and Other
- The report has focused study on Neotame market by basis of end-user industry such as: Food & Beverage, Pharmaceutical, Cosmetic, and Agriculture
- This report has been further segmented into major regions, which includes detailed analysis of each region such as: Americas, Europe, Asia-Pacific (APAC) and Rest of the World (RoW) covering all the major country level markets in each of the region
Sample Companies Profiled in this Report are:
- Prinova Group LLC
- Shaoxing Marina Biotechnology Co.,Ltd.
- The NutraSweet Company
- A & Z Food Additives Co
- Fooding Group Limited