Advantame Market Size, Trends and Insights By Type (Liquid, Powder), By Application (Beverages, Dairy, Baked Goods, Confectionery, Other Food And Beverages), By Nature (Organic, Conventional), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI35076

Published Date: November 2023

Pages: 320+

Category: Food & Beverages

Report Snapshot

CAGR: 23.1%
115M
2022
141.5M
2023
1,696.2M
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Ajinomoto Co. Inc.
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Ingredion Incorporated
  • Others

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Reports Description

As per the current market research conducted by the CMI Team, the global Advantame Market is expected to record a CAGR of 23.1% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD  141.5 Million. By 2032, the valuation is anticipated to reach USD 1,696.2 Million.

The Advantame market is a sector within the food and beverage industry focused on non-nutritive sweeteners. Advantame is a synthetic sweetening agent that offers intense sweetness without calories. Its demand is primarily driven by consumers seeking low-calorie and sugar-free alternatives. Current trends show a heightened concern for obesity and diabetes, further boosting Advantame’s popularity.

Additionally, there is a growing inclination towards clean-label and natural ingredients, prompting companies to develop more natural formulations, align with the preferences of modern consumers in pursuit of healthier dietary choices.

Advantame Market – Significant Growth Factors

The Advantame Market presents significant growth opportunities due to several factors:

  • Health-Conscious Consumers: The growing health-consciousness among consumers is a major driver of the Advantame market. As people seek healthier dietary choices, the demand for low-calorie and sugar-free options, where Advantame shines, continues to expand.
  • Obesity and Diabetes Concerns: Escalating global concerns about obesity and diabetes are providing opportunities for Advantame. With its ability to deliver sweetness without calories, it appeals to individuals looking to manage their sugar and calorie intake.
  • Clean-Label and Natural Trends: The clean-label movement and the preference for natural ingredients are driving innovation in the Advantame market. Companies are capitalizing on this trend by formulating more natural products using Advantame.
  • Reduced Sugar Products: The growing popularity of reduced-sugar products offers opportunities for Advantame to be used as a sugar substitute in various food and beverages, catering to health-conscious and diabetic consumers.
  • Expanding Food and Beverage Industry: The global food and beverage industry’s continuous growth creates opportunities for Advantame to be incorporated into a wide range of products, from soft drinks to snacks.
  • Regulatory Approvals: As Advantame continues to gain regulatory approvals in various regions, it opens doors for broader market adoption and international expansion, allowing companies to tap into a larger consumer base seeking sugar alternatives.

Advantame Market – Mergers and Acquisitions

The Advantame Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their Type offerings and profitability. Some notable examples of mergers and acquisitions in the Advantame Market include:

  • In 2021, Ajinomoto made a significant acquisition by purchasing ADM’s sweetener division for a substantial USD 3.3 billion. This strategic move granted Ajinomoto entry into ADM’s sweetener product range, which notably included Advantame.
  • In 2020, Cargill completed an acquisition deal worth a substantial USD 8.1 billion to acquire DuPont’s food ingredients sector. This transaction provided Cargill with access to DuPont’s food ingredients portfolio, which prominently featured Advantame among its offerings.

These mergers and acquisitions have helped companies expand their Type offerings, improve their market presence, and capitalize on growth opportunities in the Advantame Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Advantame Market Brown Sugar Syrup Market Beverage Essence Ingredient Market
CAGR 23.1% (Approx) CAGR 8.5% (Approx) CAGR 4.9% (Approx)
USD 1,696.2 Million by 2032 USD 42.3 Billion by 2032 USD 82.6 Billion by 2032

Advantame Market – Significant Threats

The Advantame Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Health Concerns: Some consumers and health experts have raised concerns about the safety of artificial sweeteners, including Advantame. Negative perceptions or health-related issues can deter market growth.
  • Regulatory Changes: Changes in regulations and safety assessments could impact the approval status of Advantame in various countries, affecting its market presence.
  • Competition: The sweetener industry is highly competitive, with various alternatives like aspartame, sucralose, and steviol glycosides. Competition can limit Advantame’s market share.
  • Price Sensitivity: The cost of Advantame production and pricing in comparison to other sweeteners can influence its adoption and market competitiveness.
  • Consumer Preferences: Shifts in consumer preferences towards natural sweeteners or different taste profiles may challenge Advanta’s market position.
  • Negative Public Perception: Public perceptions regarding artificial sweeteners and concerns about their safety and health effects can hinder market growth.
  • Supply Chain Disruptions: Supply chain disruptions and raw material availability issues can impact the production and distribution of Advantame.
  • Regulatory Compliance: Stricter regulations and compliance requirements for food additives may increase the burden on manufacturers and limit market opportunities.
  • Substitution: Food and beverage companies may seek alternative sweeteners or technologies, reducing the demand for Advantame.
  • Adverse Studies: Unfavorable scientific studies or reports linking Advantame to health risks can create negative publicity and affect market demand.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 141.5 Million
Projected Market Size in 2032 USD 1,696.2 Million
Market Size in 2022 USD 115 Million
CAGR Growth Rate 23.1% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Type, Application, Nature and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type

  • Liquid Advantame: Liquid Advantame refers to a formulation of this non-nutritive sweetener in a liquid form, typically used for convenience in food and beverage manufacturing. It enables easier mixing and incorporation into various products. Recent trends in Liquid Advantame include its use in ready-to-drink beverages, syrups, and liquid sweetening solutions, catering to on-the-go consumers seeking low-calorie and sugar-free options.
  • Powder Advantame: Powder Advantame is the dry, powdered form of this sweetener, commonly used in the formulation of dry mixes, baked goods, and powdered beverages. Recent trends in Powder Advantame include its application in sugar-free baking mixes, tabletop sweeteners, and the formulation of powdered drink mixes, aligning with the demand for convenient and versatile sugar alternatives in consumer products.

Global Advantame Market 2023–2032 (By Million)

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By Application

  • Beverages: In the Advantame market, the “Beverages” sector encompasses the infusion of Advantame into an assortment of liquid refreshments, spanning carbonated drinks, fruit elixirs, and rehydration concoctions. A prominent trend in this sphere revolves around the mounting demand for sugar-free and low-calorie options, spurring beverage producers to incorporate Advantame into their formulations, aligning with consumer preferences for healthier selections.
  • Dairy: The “Dairy” category pertains to the integration of Advantame into dairy-based products like cultured yoghurts, milk-based shakes, and frozen confections. A burgeoning trend within this segment centers on the formulation of reduced-sugar and lower-fat dairy creations, responding to health-conscious consumers seeking a harmonious blend of taste and nutritional well-being.
  • Baked Goods: In the context of the Advantame market, “Baked Goods” encompasses the utilization of this sweetening agent in pastry delights, cookies, and bread. An ongoing trend entails the crafting of guilt-free indulgences, characterized by diminished sugar content and fewer calories, meeting the desires of the health-aware consumer base.
  • Confectionery: The “Confectionery” segment relates to the incorporation of Advantame into sugary treats such as candies and chocolates. The prevailing trend in this sector emphasizes the creation of sugar-free or low-sugar confectionery alternatives, offering consumers the opportunity to relish their preferred sweets without sacrificing taste.
  • Other Food and Beverages: This category embraces a broad spectrum of food and beverage products, wherein Advantame functions as a sweetening element. The evolving trend within this domain lies in product diversification, as manufacturers explore unique applications for Advantame in a variety of culinary innovations, spanning from sauces, and dressings, to savory snacks, in response to changing consumer palates and dietary inclinations.

By Nature

  • Organic: Organic Advantame refers to Advantame of produced from organic sources and processed without synthetic chemicals. This segment caters to consumers seeking natural and sustainable options. The trend in organic Advantame is driven by a rising demand for clean-label, eco-friendly, and health-conscious products. Consumers increasingly prefer organic sweeteners, and companies are responding by developing organic Advantame formulations, aligning with the growing organic food and beverage market.
  • Conventional: Conventional Advantame refers to the standard production and processing methods used in the Advantame market. This segment serves a broader consumer base looking for affordable and readily available sweetening options. The trend in conventional Advantame primarily revolves around enhancing product availability and cost-efficiency. Manufacturers focus on economies of scale to meet the demands of a wide range of food and beverage applications, making conventional Advantame a cost-effective choice for various products.

Global Advantame Market 2023–2032 (By Type)

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Advantame Market – Regional Analysis

The Advantame Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

North America:

  • North America: The North American region, encompassing the United States and Canada, is a pivotal hub for the Advantame market. This market is characterized by a thriving food and beverage industry and health-conscious consumers. The prevailing trend involves a surging demand for low-calorie sweeteners, such as Advantame, driven by the pressing concerns of combating obesity and diabetes, leading to ongoing innovation in product development.
  • Europe: Europe, a significant market for Advantame, is marked by a consumer base increasingly concerned about health issues, propelling the quest for sugar alternatives. The prevailing trend is the mounting integration of Advantame into various food and beverage offerings, notably in reduced-sugar products, as a response to strict sugar-content regulations and the growing emphasis on health and wellness.
  • Asia-Pacific: The Asia-Pacific region, encompassing countries like China and India, is witnessing a noteworthy uptick in Advantame demand. This region is heavily influenced by the burgeoning middle-class populace and a rising awareness of health-related matters. Market players are capitalizing on this trend by introducing inventive Advantame-infused products that cater to local taste preferences.
  • LAMEA: LAMEA represents an emergent market for Advantame. The prevalent trend is driven by a swiftly expanding diabetic population and the quest for healthier food and beverage options. Manufacturers are broadening their market presence in the region by introducing Advantame as a sugar alternative across various product categories, thereby addressing the mounting demand for more health-conscious choices.

Global Advantame Market 2023–2032 (By Nature)

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Competitive Landscape – Advantame Market

The Advantame Market is highly competitive, with a large number of manufacturers and others operating globally. Some of the key players in the market include:

  • Ajinomoto Co. Inc.
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • DuPont Nutrition & Biosciences
  • Kerry Group
  • Celanese Corporation
  • PureCircle Limited
  • Roquette
  • Sunwin Stevia International Inc.
  • Stevia First Corp
  • GLG Life Tech Corporation
  • Monk Fruit Corporation
  • Madhava Natural Sweeteners
  • Sweet Green Fields Co. Ltd.
  • GLG Life Tech Corporation
  • Morita Kagaku Kogyo Co. Ltd.
  • NutraSweet Company
  • China National Pharmaceutical Group (Sinopharm)
  • Others

These companies operate in the market through various strategies such as application innovation, mergers and acquisitions, and partnerships.

In the Advantame market, several new players have adopted innovation and development strategies to establish their presence. These newcomers are investing in research and development to create novel Advantame-based products and formulations, often targeting niche markets or specialized consumer needs. They aim to disrupt the market with unique offerings, often with a focus on health and wellness.

Key players dominating the Advantame market include established companies like Ajinomoto, Cargill, and DuPont, who have extensive experience, resources, and distribution networks. They maintain their dominance through strategic acquisitions, regulatory compliance, and diversified product portfolios. These major players often collaborate with food and beverage industry leaders to incorporate Advantame into a wide range of products, ensuring market penetration and consumer trust.

Additionally, they invest in marketing and consumer education to promote the safety and benefits of Advantame, solidifying their market leadership. Despite the entry of new players, the established leaders continue to steer the course of the Advantame market due to their industry expertise and market presence.

The Advantame Market is segmented as follows:

By Type

  • Liquid
  • Powder

By Application

  • Beverages
  • Dairy
  • Baked Goods
  • Confectionery
  • Other Food And Beverages

By Nature

  • Organic
  • Conventional

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Russia
  • Italy
  • Spain
  • Netherlands
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Taiwan
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Advantame Market, (2023 – 2032) (USD Million)
    • 2.2 Global Advantame Market: snapshot
  • Chapter 3. Global Advantame Market – Industry Analysis
    • 3.1 Advantame Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Health-Conscious Consumers
      • 3.2.2 Obesity and Diabetes Concerns
      • 3.2.3 Clean-Label and Natural Trends
      • 3.2.4 Reduced Sugar Products
      • 3.2.5 Expanding Food and Beverage Industry
      • 3.2.6 Regulatory Approvals.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market Attractiveness Analysis By Type
      • 3.7.2 Market Attractiveness Analysis By Application
      • 3.7.3 Market Attractiveness Analysis By Nature
  • Chapter 4. Global Advantame Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Advantame Market: Company Market Share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaboration, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Advantame Market – Type Analysis
    • 5.1 Global Advantame Market Overview: By Type
      • 5.1.1 Global Advantame Market Share, By Type, 2022 and 2032
    • 5.2 Liquid
      • 5.2.1 Global Advantame Market by Liquid, 2023 – 2032 (USD Million)
    • 5.3 Powder
      • 5.3.1 Global Advantame Market by Powder, 2023 – 2032 (USD Million)
  • Chapter 6. Global Advantame Market – Application Analysis
    • 6.1 Global Advantame Market Overview: By Application
      • 6.1.1 Global Advantame Market Share, By Application, 2022 and 2032
    • 6.2 Beverages
      • 6.2.1 Global Advantame Market by Beverages, 2023 – 2032 (USD Million)
    • 6.3 Dairy
      • 6.3.1 Global Advantame Market by Dairy, 2023 – 2032 (USD Million)
    • 6.4 Baked Goods
      • 6.4.1 Global Advantame Market by Baked Goods, 2023 – 2032 (USD Million)
    • 6.5 Confectionery
      • 6.5.1 Global Advantame Market by Confectionery, 2023 – 2032 (USD Million)
    • 6.6 Other Food And Beverages
      • 6.6.1 Global Advantame Market by Other Food And Beverages, 2023 – 2032 (USD Million)
  • Chapter 7. Global Advantame Market – Nature Analysis
    • 7.1 Global Advantame Market Overview: By Nature
      • 7.1.1 Global Advantame Market Share, By Nature, 2022 and 2032
    • 7.2 Organic
      • 7.2.1 Global Advantame Market by Organic, 2023 – 2032 (USD Million)
    • 7.3 Conventional
      • 7.3.1 Global Advantame Market by Conventional, 2023 – 2032 (USD Million)
  • Chapter 8. Advantame Market – Regional Analysis
    • 8.1 Global Advantame Market Regional Overview
    • 8.2 Global Advantame Market Share, by Region, 2022 & 2032 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Advantame Market, 2023 – 2032 (USD Million)
        • 8.3.1.1 North America Advantame Market, by Country, 2023 – 2032 (USD Million)
    • 8.4 North America Advantame Market, by Type, 2023 – 2032
      • 8.4.1 North America Advantame Market, by Type, 2023 – 2032 (USD Million)
    • 8.5 North America Advantame Market, by Application, 2023 – 2032
      • 8.5.1 North America Advantame Market, by Application, 2023 – 2032 (USD Million)
    • 8.6 North America Advantame Market, by Nature, 2023 – 2032
      • 8.6.1 North America Advantame Market, by Nature, 2023 – 2032 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Advantame Market, 2023 – 2032 (USD Million)
        • 8.7.1.1 Europe Advantame Market, by Country, 2023 – 2032 (USD Million)
    • 8.8 Europe Advantame Market, by Type, 2023 – 2032
      • 8.8.1 Europe Advantame Market, by Type, 2023 – 2032 (USD Million)
    • 8.9 Europe Advantame Market, by Application, 2023 – 2032
      • 8.9.1 Europe Advantame Market, by Application, 2023 – 2032 (USD Million)
    • 8.10 Europe Advantame Market, by Nature, 2023 – 2032
      • 8.10.1 Europe Advantame Market, by Nature, 2023 – 2032 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Advantame Market, 2023 – 2032 (USD Million)
        • 8.11.1.1 Asia Pacific Advantame Market, by Country, 2023 – 2032 (USD Million)
    • 8.12 Asia Pacific Advantame Market, by Type, 2023 – 2032
      • 8.12.1 Asia Pacific Advantame Market, by Type, 2023 – 2032 (USD Million)
    • 8.13 Asia Pacific Advantame Market, by Application, 2023 – 2032
      • 8.13.1 Asia Pacific Advantame Market, by Application, 2023 – 2032 (USD Million)
    • 8.14 Asia Pacific Advantame Market, by Nature, 2023 – 2032
      • 8.14.1 Asia Pacific Advantame Market, by Nature, 2023 – 2032 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Advantame Market, 2023 – 2032 (USD Million)
        • 8.15.1.1 Latin America Advantame Market, by Country, 2023 – 2032 (USD Million)
    • 8.16 Latin America Advantame Market, by Type, 2023 – 2032
      • 8.16.1 Latin America Advantame Market, by Type, 2023 – 2032 (USD Million)
    • 8.17 Latin America Advantame Market, by Application, 2023 – 2032
      • 8.17.1 Latin America Advantame Market, by Application, 2023 – 2032 (USD Million)
    • 8.18 Latin America Advantame Market, by Nature, 2023 – 2032
      • 8.18.1 Latin America Advantame Market, by Nature, 2023 – 2032 (USD Million)
    • 8.19. The Middle East and Africa
      • 8.19.1 The Middle-East and Africa Advantame Market, 2023 – 2032 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Advantame Market, by Country, 2023 – 2032 (USD Million)
    • 8.20 The Middle-East and Africa Advantame Market, by Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Advantame Market, by Type, 2023 – 2032 (USD Million)
    • 8.21 The Middle-East and Africa Advantame Market, by Application, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Advantame Market, by Application, 2023 – 2032 (USD Million)
    • 8.22 The Middle-East and Africa Advantame Market, by Nature, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Advantame Market, by Nature, 2023 – 2032 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Ajinomoto Co. Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Archer Daniels Midland Company
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Cargill Incorporated
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Ingredion Incorporated
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Tate & Lyle PLC
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 DuPont Nutrition & Biosciences
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Kerry Group
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Celanese Corporation
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 PureCircle Limited
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Roquette
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Sunwin Stevia International Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Stevia First Corp
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 GLG Life Tech Corporation
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Monk Fruit Corporation
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Madhava Natural Sweeteners
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Sweet Green Fields Co. Ltd.
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
    • 9.17 GLG Life Tech Corporation
      • 9.17.1 Overview
      • 9.17.2 Financials
      • 9.17.3 Product Portfolio
      • 9.17.4 Business Strategy
      • 9.17.5 Recent Developments
    • 9.18 Morita Kagaku Kogyo Co. Ltd.
      • 9.18.1 Overview
      • 9.18.2 Financials
      • 9.18.3 Product Portfolio
      • 9.18.4 Business Strategy
      • 9.18.5 Recent Developments
    • 9.19 NutraSweet Company
      • 9.19.1 Overview
      • 9.19.2 Financials
      • 9.19.3 Product Portfolio
      • 9.19.4 Business Strategy
      • 9.19.5 Recent Developments
    • 9.20 China National Pharmaceutical Group (Sinopharm)
      • 9.20.1 Overview
      • 9.20.2 Financials
      • 9.20.3 Product Portfolio
      • 9.20.4 Business Strategy
      • 9.20.5 Recent Developments
    • 9.21 Others.
      • 9.21.1 Overview
      • 9.21.2 Financials
      • 9.21.3 Product Portfolio
      • 9.21.4 Business Strategy
      • 9.21.5 Recent Developments
List Of Figures

Figures No 1 to 25

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Ajinomoto Co. Inc.
  • Archer Daniels Midland Company
  • Cargill Incorporated
  • Ingredion Incorporated
  • Tate & Lyle PLC
  • DuPont Nutrition & Biosciences
  • Kerry Group
  • Celanese Corporation
  • PureCircle Limited
  • Roquette
  • Sunwin Stevia International Inc.
  • Stevia First Corp
  • GLG Life Tech Corporation
  • Monk Fruit Corporation
  • Madhava Natural Sweeteners
  • Sweet Green Fields Co. Ltd.
  • GLG Life Tech Corporation
  • Morita Kagaku Kogyo Co. Ltd.
  • NutraSweet Company
  • China National Pharmaceutical Group (Sinopharm)
  • Others

FAQs

The key factors driving the Market are Health-Conscious Consumers, Obesity and Diabetes Concerns, Clean-Label and Natural Trends, Reduced Sugar Products, Expanding Food and Beverage Industry And Regulatory Approvals.

The “Liquid” category dominated the market in 2022.

The key players in the market are Ajinomoto Co. Inc., Archer Daniels Midland Company, Cargill Incorporated, Ingredion Incorporated, Tate & Lyle PLC, DuPont Nutrition & Biosciences, Kerry Group, Celanese Corporation, PureCircle Limited, Roquette, Sunwin Stevia International Inc., Stevia First Corp, GLG Life Tech Corporation, Monk Fruit Corporation, Madhava Natural Sweeteners, Sweet Green Fields Co. Ltd., GLG Life Tech Corporation, Morita Kagaku Kogyo Co. Ltd., NutraSweet Company, China National Pharmaceutical Group (Sinopharm), Others.

“North America” had the largest share in the Advantame Market.

The global market is projected to grow at a CAGR of 23.1% during the forecast period, 2023-2032.

The Advantame Market size was valued at USD 141.5 Million in 2023.

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