Aspartame Price Trend and Forecast

Aspartame Regional Price Overview

Get the latest insights on price movement and trend analysis of Aspartame in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Aspartame Price Trend for the Q3 of 2024

Asia

In the Asian market, aspartame prices showed an upward trend during Q3 2024. This was primarily driven by increased demand from food and beverage manufacturers actively dealing in products with reduce sugar content.
 

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Supply chain improvements and easing freight costs supported higher import volumes. The approaching holiday season further boosted demand, as manufacturers ramped up production of confectionery and beverages.

Europe

European aspartame markets mirrored global trends with steady price increases. Growing health consciousness among consumers led to higher demand for low-calorie sweeteners in various food products. Import volumes rose, with major European countries sourcing primarily from Asian manufacturers. Regulatory discussions surrounding artificial sweeteners prompted some stockpiling behaviour among food producers. The combination of these factors, along with seasonal demand increases, maintained upward pressure on aspartame prices throughout the quarter.

North America

The US domestic market experienced a notable upswing in prices and imports volumes. U.S. imports from China and Japan saw significant growth, driven by rising consumer demand for sugar alternatives. The food and beverage industry's shift towards healthier formulations fuelled this trend. Seasonal factors, including preparation for holiday-related products, further boosted demand. Supply chain improvements facilitated easier imports; while limited regional inventories and increasing feedstock costs supported the price rise.

Analyst Insight

According to Procurement Resource, the global Aspartame market is expected to maintain its bullish trend in the coming months. Continued consumer focus on health and wellness is likely to drive demand for low-calorie sweeteners.
 

Aspartame Price Trend for the Q2 of 2024

Asia

Aspartame is an artificial, non-saccharide sweetener used as a sugar substitute in many foods and beverages. It is about 200 times sweeter than normal sugar and is commonly used in diet sodas, sugar-free chewing gum, and other low-calorie or sugar-free products. With the growing general interest in low-calorie diets, a slight rise was seen in aspartame’s popularity also, however, its actual health-aiding efficiency is still largely questionable. Other than the downstream demands from the food and beverage industries, the upstream production costs also influence the overall pricing outlook for aspartame.

Since aspartame’s production involves fermentation based on carbohydrate sources like corn starch and sugarcane, the fluctuations in their price graphs are also reflected in the Aspartame’s prices. During the second quarter of the year 2024, a downfall in corn prices affected the upstream cost support for aspartame. However, a slight increase in downstream demands in the summer season, particularly in the Indian markets, helped stabilize the prices a little bit. Overall, a steady price dynamic was observed for aspartame during the second quarter of 2024.

Europe

In the European markets, the gradual depreciation in the feedstock corn and corn starch prices kept exerting a downward push on the aspartame prices as well. The war between Russia and Ukraine was still going on after three years, however, with this long stretch, the trade activities had more or less normalized in the region.

Traders developed ways to work around restrictions. And despite the termination of the black sea deal last year, the agricultural output from Ukraine was able to make its way into the international markets. Conclusively, a subdued performance was seen for aspartame in the European markets during Q2’24.

North America

The pricing outlook for aspartame in America was not very different from its European counterpart. The prices were found to fluctuate at the lower end of the curve here as well. Primarily it was the downfall in the raw material prices that dictated the steadiness in aspartame rates. Along with that, a casual demand outlook presented similar steadiness in the American aspartame markets. Overall, varying price trajectory was witnessed in Q2’24.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in Aspartame prices going forward as well, since the inventory stocks will also play a role in controlling the markets moving forward.
 

Aspartame Price Trend for the Q1 of 2024

Asia

Production of aspartame usually involves a great deal of bacterial fermentation for producing feedstock materials phenylalanine and aspartic acid. These fermentation processes rely upon base materials like corn starch and sugarcane that provide basic nutrients and energy for these microbes to grow. So, along with the demands and queries from the downstream industries, the price fluctuations in these base material markets also influence the aspartame rates.

During Q1’24 the Asian aspartame market witnessed a wavering pattern of prices mostly tilted downwards. The markets were already flooded with unused stocks as the winter seasons in the previous quarter also called for limited demands from the beverage sectors. Thus, the supplies started accumulating by this point. International trade was also suffering a great deal because of various reasons. Overall, a weak market performance was witnessed by aspartame during the said period.

Europe

The downstream demand scenario was not much different in the European markets as the market offtakes were limited here as well; however, the upstream situation was a little dicey. The dramatic upsurge in crude oil prices raised the production and processing costs, which added to the suppliers’ worry.

The transportation and logistics sectors were already giving traders a tough time with growing uncertainties and hindrances. Amidst all this, the prices mostly remained tugged and wavered within very closed limits the whole time. Overall, a lukewarm market performance was witnessed in the European markets.

North America

Influenced by the fluctuations in the Asian and European markets, the aspartame prices were observed to fluctuate in the American markets as well. The oscillations were mostly directed downwards as the upstream feedstock costs took a major hit in the region.

The international orders were already not operating at their full potential because of severe challenges posed by the geopolitical and other conflicts going around the world. And the domestic consumption was alone not enough to sustain the suppliers’ expectations. Because of this, the price trajectory was largely unsettling for the majority of the said time period.

Analyst Insight

According to Procurement Resource, not much improvement is expected in the Aspartame prices going forward as well. Supplies are largely overburdening the consumption sector.
 

Aspartame Price Trend for the October - December of 2023

Asia

Artificial sweetener aspartame was observed to be struggling in the Asian regional markets during the last quarter of the year 2023. A substantial and consistent fall in both domestic and offshore demands pushed the aspartame market trend downwards. The food, beverage, and soft drinks companies have been the primary conventional buyers in the aspartame market.

A lower calorie count compared to the natural sweeteners raised consumer’s interest in aspartame. However, a steep rise in interest in plant-based consumption has been observed in recent months. So, the end consumer demands started to fall for aspartame because of its artificial origin. Another major blow to the aspartame market came when the WHO (World Health Organization)’s cancer agency announced its suspicion for aspartame to be a possible carcinogen (cancer-causing agent). Overall, weak market trend were witnessed throughout the said period.

Europe

The European market for aspartame, too, witnessed a downfall in prices as the market struggled to keep the consumer interest intact. A glutted level of inventories was already not helping to maintain the market momentum; a regular demand dip worried the suppliers more at the same time. WHO’s announcement also had a lot to do with the fall in aspartame demands. Generally, falling market trend were witnessed.

North America

The biggest impact of the WHO’s statement was noticed in the American aspartame market. With a heavy number of soda and cola consumers, the country’s aspartame demands used to be really high; however, since the announcement, the offtakes have plunged considerably and are expected to continue to fall even more in the coming times.

Analyst Insight

According to Procurement Resource, the current demand patterns suggest a further fall in the aspartame price trend in the coming months.
 

Aspartame Price Trend for the July - September of 2023

Asia

The Asian aspartame market witnessed a fine performance during the third quarter of 2023. The quarter started well with substantial consumption and demands from downstream food and beverage industries. Higher sweetness and lower calorie count compared to the natural sugars made aspartame a popular choice. However, the market value for aspartame soon started shaking as the growing popular interest in plant-based consumption questioned the artificial synthesis of aspartame.

The second half of the third quarter witnessed aspartame price trend backtracking in the Asian market. The growth in inventory stocks in the former half also had a role in sliding cost support. Overall, mixed market performance was observed.

Europe

The European market performance of aspartame varied through the entire period of Q3’23. Influenced by the initial price hike in the Asian markets, the aspartame price graph inclined for the majority of the third quarter. The rising inflation in the region also testified to a positive price analysis. Albeit, the last month of September faced a little pushback on the pricing front, guided by the multiplying levels of stockpiles. Overall, market sentiments were mostly positive.

North America

The North American market closely mirrored the European aspartame price trend. The regional prices started on a rising note in July, asserting the positive price forecast. But, after inclining for about two months, the aspartame prices declined in the last month of the quarter, aligning with the global trend. Overall, the market performance was dull yet stable.

Analyst Insight

According to Procurement Resource, Aspartame prices are estimated to continue to decline in the coming months as well since the global economic situation is getting difficult.
 

Aspartame Price Trend for the First Half of 2023

Asia

The first quarter of 2023 witnessed a decline in the trajectory of the aspartame price trend after a slight incline during the first half of Q1 that was shortly supported by increased consumption of consumers due to high rates of production and revival of market activities after COVID and Lunar New Year holidays.

In the second quarter, the trend declined consistently throughout as the performance of food industries in the Asia-Pacific region was poor, which impacted the demand for aspartame negatively. In addition to this, rates of offtakes from both domestic and international markets were also feeble, which led to a rise in the level of inventories, declining the price trend of aspartame.

Europe

The aspartame market in Europe was affected by low consumption rates of consumers and high inventories, along with strong supply chains, which were not countered by similar demand from the downstream industries. The market remained weak till May when market activities showcased signs of improvement. In this month, prices rose as the downstream industries gained their momentum, but this incline was short-lived due to the reduction in number of orders and rising health concerns about the usage of aspartame in food.

North America

The North American sector of aspartame in the initial months of the first quarter was supported by high demand and suitable supply of products in the region. However, the trend depreciated in the second quarter as a large number of supplies were introduced in the market, and weak market sentiments continued to affect the prices of aspartame. In addition to this, WHO categorized aspartame as a potential carcinogenic, and thus, food and beverage industries were reluctant to use it.

Analyst Insight

According to Procurement Resource, the price trend of Aspartame is expected to decline in the upcoming months as its demand will likely be reduced in view of its carcinogenic nature.

Procurement Resource provides latest prices of Aspartame. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.