Neotame is an artificial sweetener that is extremely similar to aspartame and is used in place of sucrose or high fructose corn syrup by food producers. Neotame is seven to thirteen thousand times sweeter than sucrose and has several advantages, including a fast metabolism and little accumulation in the human body.
Neotame was first introduced in early 2002 by NutraSweet (a former Monsanto company) and was approved by the US Food and Drug Administration (FDA) as an artificial sweetener and taste enhancer. It is a high-intensity sweetener and the only artificial sweetener approved for human ingestion by the US Food and Drug Administration (FDA). It comes in a white powdered form and gives businesses more flexibility when making food and bakery goods. It also gives them the opportunity to create entirely new product lines to fulfil rising consumer demands.
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Global Neotame Market: Drivers
The demand for food additives and taste enhancers is driving the neotame market. The potential of neotame to be rapidly digested and fully removed from the body is boosting demand for the ingredient from food makers all over the world. Neotame’s low cost has led to an increase in demand for its use in a variety of cosmetics and pharmaceutical goods. The increasing number of approvals from food agencies and authorities in various nations is also projected to propel the neotame market forward. In Australia and New Zealand, neotame is also allowed as a food ingredient.
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Segmentation of the Global Neotame Market
● On the Basis Of Product Type : Food Grade, Pharmaceutical Grade
● On the Basis of Application : carbonated soft drinks, fermented milk products, baked products, and others.
Global Neotame Market Outlook by Region
The neotame market is moderately fragmented geographically, with a few large players commanding the global market and an increasing number of domestic players joining the industry. North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa make up the global neotame market. The largest markets for neotame consumption are Europe and North America, which are expected to develop at a healthy rate, followed by Asia Pacific. Neotame was recently legalised for use in food and beverages in Europe, resulting in high demand from nations like as Germany and the United Kingdom. In terms of production, China is the most powerful country in the Asia-Pacific region. During the projection period, areas such as North America and Europe are likely to see increased demand for neotame.
Global Neotame Market: Key Players
Neotame market is widely spread and has major players producing neotame and also small regional players. Major companies which dominates the market are Foodchem International Corporation, Fooding Group Limited, Sweetner Holdings, Inc., Prinova Group LLC, JJD Enterprises, H & A Canada Inc., Shaoxing Marina Biotechnology Co.,Ltd., Sweetener India., A & Z Food Additives Co., Ltd., and Jk sucralose Inc. among others.
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