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Global Aspartic Acid Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Aspartic Acid Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Sep 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Aspartic Acid Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 93.15 USD Million
Diagram Market Size (Forecast Year) USD 150.72 USD Million
Diagram CAGR %

Major Markets Players

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Global Aspartic Acid Market, By Form (L-Aspartic Acid, D-Aspartic Acid), Application (Feed Supplements, Medicine, Polyaspartic Acid, Aspartame, L-Alanine and Others), End Use (Food and Beverage Industries, Bakeries, Confectioneries, Drink Mix, Jams, Chocolates, Jellies, Dairy Products, Pharmaceutical Industries, Dietary Supplements) – Industry Trends and Forecast to 2029.

Aspartic Acid Market

Aspartic Acid Market Analysis and Size

Aspartic acid has an average occurrence of around 5% in all proteins, so Asp-N is extensively used in peptide mapping and proteomic analysis. A shift in trend towards the convenience of food and beverage consumption globally is expected to show high growth due to their increased demand across the globe, especially in developing economies during the forecast period of 2022-2029.

Data Bridge Market Research analyses that the aspartic acid market was valued at USD 93.15 million in 2021 and is expected to reach USD 150.72 million by 2029, registering a CAGR of 6.20% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Aspartic Acid Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Form (L-Aspartic Acid, D-Aspartic Acid), Application (Feed Supplements, Medicine, Polyaspartic Acid, Aspartame, L-Alanine and Others), End Use (Food and Beverage Industries, Bakeries, Confectioneries, Drink Mix, Jams, Chocolates, Jellies, Dairy Products, Pharmaceutical Industries, Dietary Supplements)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Evonik Industries AG (Germany), Ajinomoto Co., Inc (Japan), DSM (Netherlands), Iris Biotech GMBH (Germany), KYOWA HAKKO BIO CO., LTD. (Japan), Peptech Biosciences Ltd. (U.S.), ChemPep Inc. (U.S.), Anaspec Inc. (U.S.), Tocris Bioscience (U.S.), TCI Chemicals (India) Pvt. Ltd. (India), Aditya Chemicals (India), Anhui Huaheng Biotechnology Co. (China), Senova Technology Co. Ltd. (China)

Market Opportunities

  • Increase in the number of emerging markets
  • Growing demand of aspartic acid in pharmaceutical sector
  • Growth and expansion of beverages sector

Market Definition

Aspartic acid is a non-essential amino acid which is generally known as asparaginic acid. Aspartic acid aids in the functioning of nervous system and in the production and in the release of hormones, it is also essential to assimilate, digest, and utilize magnesium calcium and potassium aspartate. Aspartic acid is extremely found in the brain and increases neurologic activity and it is also found in plants, animals, and especially sugarcane and sugar beets.

Global Aspartic Acid Market Dynamics

Drivers

  • Rising demand  of dietary supplements

Dietary supplements are high in demand due to the awareness and acceptance of these supplements among consumers. Dietary supplements are available in several forms such as powders, meal and capsules supplements. Aspartic acid helps in increasing testosterone levels and muscle mass and increase strength in men. The growing population is anticipated to be a major factor for the demand of food and dietary supplement and will also have a higher demand in the fitness sector which are expected to drive the growth rate of the aspartic acid market.

  • High usage of aspartic acid in food sector

Aspartic acid is mainly used to manufacture a non-saccharide sweetener, commonly known as aspartame. Aspartame is normally used as an artificial sweetener in several applications in the food and beverages sector. Aspartame is mostly used in fruit-based products, syrups, beverages, bakery products, and cereals among others. This has contributed to high consumption of aspartic acid in the production of food and beverages products which are anticipated to boost the growth of the aspartic acid market.

Furthermore, increasing demand for bio-degradable products are shifting the attention of manufacturer towards the growth of bio-based substitutes which will aid impact the market growth during the forecast period. The growing demand for anti-aging and organic products and rising number of consumers spending on food products and easy availability of raw materials are also anticipated to increase the growth of the market. 

Opportunities

  • Growing demand of aspartic acid in pharmaceutical sector

Aspartic acid is also used in medicine production, which is one of the main prospects anticipated to grow in the upcoming years. Doctors consider aspartic acid for maintain immune function and treating depression. Also, aspartic acid aids in liver detoxification from chemicals and drugs and aids the human body to resist fatigue.

Restraints/ Challenges

  • Stringent government regulations associated with market

Stringent government regulations regarding the usage of aspartame in food and beverage industry will act as a major market restrain, and further challenge the growth of aspartic acid market during the forecast period of 2022-2029.

  • High cost associated with market

The high cost of major raw materials which is used for the production of aspartic acid such as fumaric acid is anticipated to remain a major challenge for the major market players in the maket.

This aspartic acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the aspartic acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products                                                                                       

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Aspartic Acid Market Scope

The aspartic acid market is segmented on the basis of form, application and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Form

  • L-Aspartic Acid
  • D-Aspartic Acid

Application

  • Feed Supplements
  • Medicine
  • Polyaspartic Acid
  • Aspartame
  • L-Alanine
  • Others

End Use

  • Food and Beverage Industries
  • Bakeries
  • Confectioneries
  • Drink Mix
  • Jams
  • Chocolates
  • Jellies
  • Dairy Products
  • Pharmaceutical Industries
  • Dietary Supplements

Aspartic Acid Market Regional Analysis/Insights

The aspartic acid market is analysed and market size insights and trends are provided by country form, application and end use as referenced above.

The countries covered in the aspartic acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the aspartic acid market in terms of revenue and market share. This is due to growing demand of artificial sweetener and growing consumer awareness in this region

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2022-2029 due to growing sweeteners demand from carbonated beverages mainly in India and China in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Aspartic Acid Market Share Analysis

The aspartic acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to aspartic acid market.

Some of the major players operating in the aspartic acid market are:

  • Evonik Industries AG (Germany)
  • Ajinomoto Co., Inc (Japan)
  • DSM (Netherlands)
  • Iris Biotech GMBH (Germany)
  • KYOWA HAKKO BIO CO., LTD. (Japan)
  • Peptech Biosciences Ltd. (U.S.)
  • ChemPep Inc. (U.S.)
  • Anaspec Inc. (U.S.)
  • Tocris Bioscience (U.S.)
  • TCI Chemicals (India) Pvt. Ltd. (India)
  • Aditya Chemicals (India)
  • Anhui Huaheng Biotechnology Co. (China)
  • Senova Technology Co. Ltd. (China)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The market value for aspartic acid market is expected USD 150.72 million by 2029.
The aspartic acid market is to grow at a CAGR of 6.20% during the forecast period of 2022 to 2029.
The major players operating in the Aspartic Acid Market are Evonik Industries AG (Germany), Ajinomoto Co., Inc (Japan), DSM (Netherlands), Iris Biotech GMBH (Germany), KYOWA HAKKO BIO CO., LTD. (Japan), Peptech Biosciences Ltd. (U.S.), ChemPep Inc. (U.S.), Anaspec Inc. (U.S.), Tocris Bioscience (U.S.), TCI Chemicals (India) Pvt. Ltd. (India), Aditya Chemicals (India), Anhui Huaheng Biotechnology Co. (China), Senova Technology Co. Ltd. (China).
On the basis of application, the Aspartic Acid Market is segmented into Feed Supplements, Medicine, Polyaspartic Acid, Aspartame, L-Alanine and Others.
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