Market Size of Neotame Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 3.45 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Neotame Market Analysis
The global neotame market is projected to register a CAGR of 3.45% during the forecast period of 2020-2025.
- The food and beverage industry is increasingly using neotame for manufacturing a variety of products, due to its low cost and high efficiency, as well as the approval of food authorities (such as the US FDA). This factor is expected to boost the demand for neotame during the forecast period.
- The European market is also projected to generate significant demand for neotame, owing to the increasing applications in the bakery industry in Europe. Additionally, as it is a low-calorie sweetener, it is increasingly being preferred by the health-conscious consumers of the region.
