In the first quarter of 2023, aspartame prices initially rose due to increased consumption post-Covid and Lunar New Year holidays. However, Asia’s food industry struggles led to a downward trend in the second quarter due to weak demand and high inventories. Europe faced low consumption and strong supply chains, with a brief price rise in May followed by concerns about health effects. North America saw high demand initially, but the market declined in Q2 due to oversupply, weak sentiments, and concerns about aspartame’s carcinogenic potential. These regional factors collectively influenced the fluctuating trajectory of aspartame prices in 2023.
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Definition
Aspartame is a low-calorie artificial sweetener used to sweeten a variety of food and beverage products. Composed of two amino acids, phenylalanine and aspartic acid, it’s about 200 times sweeter than sucrose. Aspartame is heat-sensitive and breaks down under high temperatures, limiting its use in cooking. It has a sugar-like taste without the calories, making it popular in sugar-free and diet products. However, individuals with phenylketonuria (PKU), a genetic disorder, must avoid aspartame due to its phenylalanine content.
Key Details About the Aspartame Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Aspartame in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Aspartame Price Trends, including India Aspartame price, USA Aspartame price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Aspartame Price Trend:
Aspartame holds diverse industrial applications as a high-intensity artificial sweetener. Its intense sweetness profile, approximately 200 times sweeter than sucrose, makes it an essential ingredient in low-calorie and sugar-free food and beverage formulations. It is used in soft drinks, tabletop sweeteners, chewing gum, dairy products, and various processed foods. Aspartame’s ability to replicate the taste of sugar without contributing to caloric content has led to its incorporation in numerous dietary and diabetic products. However, its susceptibility to heat limits its use in cooking and baking. Despite this, its widespread use continues to cater to the demand for reduced-calorie and sugar-free alternatives.
Key Players:
- Aginomoto Group
- The NutraSweet Co
- HYET Sweet B.V.
- Cargill Incorporated
- Foodchem International Corporation
- Merisant Company
News and recent development:
The WHO’s International Agency for Research on Cancer (IARC) and the Joint Expert Committee on Food Additives (JECFA) have conducted the first public assessment of the sweetener aspartame. While JECFA considers it safe for common consumption, IARC has classified aspartame as “possibly carcinogenic to humans” due to limited evidence of a potential link to liver cancer. The FDA disagrees with this classification, stating that aspartame is one of the most studied food additives and is safe when used under approved conditions. Further research is encouraged to clarify potential health effects.
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