Aspartic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Aspartic Acid Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Aspartic acid is a non essential amino acid commonly known as asparaginic acid. The human body is capable of producing aspartic acid without the intake of any food containing aspartic acid. Aspartic acid primarily helps in the release and production of hormones and also, in the functioning of the nervous system. Aspartic acid is essential to assimilate, digest, and utilize calcium, potassium, and magnesium aspartate. Aspartic acid is found in the highest quantities in the brain and has been found to increase neurologic activity. Aspartic acid is commonly found in animals and plants, especially in sugarcane and sugar beets. The common plant source of aspartic acid is legumes such as soybeans, chickpeas, and lentils. The common animal source of aspartic acid includes beef, eggs, salmon, and shrimp. Aspartic acid can be manufactured through enzymatic conversion, protein extraction, chemical synthesis, and fermentation. One of the key applications of aspartic acid is the synthesis of polyaspartic acid as polyaspartic acid is a water soluble and biodegradable amino acid. Therefore, polyaspartic acid has the potential to replace non-biodegradable amino acids. The increasing demand for biodegradable products is expected to drive the global demand of aspartic acid in the years to come. 

The major application of aspartic acid is in the manufacturing of polyaspartic acid. Polyaspartic acid is used in industrial applications such as petroleum exploration and water treatment among others. Aspartic acid is used in the production of a non-saccharide sweetener, commonly known as aspartame. Aspartame is commonly used as an artificial sweetener, and finds various applications in the food and beverages industry. Aspartame is mostly used in beverages, bakery products, fruit-based products, syrups, and cereals among others. Other applications of aspartic acid include medicine which is one of the key prospects expected to grow in the next few years. Doctors consider aspartic acid for treating depression and immune function. Furthermore, aspartic acid helps the human body to resist fatigue, and aids in liver detoxification from drugs and chemicals.

Based on the application of aspartic acid, North America is expected to lead the global market during the forecast period. The primary reason for this is the increasing demand of packaged food and high use of sweeteners in the food and beverage industry. Furthermore, the health conscious population prefers sweeteners over traditional sugar, which is majorly driving the market to produce aspartame. Besides, the beverages account for a widespread use of aspartame which is largely consumed in the North America region. After North America, Europe is the second largest market for aspartic acid due to increasing demand of ready-to-eat food, and the high demand of beverages in this region. Technology advancement in both North America and Europe is a crucial factor responsible driving the global aspartic acid market. Furthermore, the existence of favorable government policies in North America and Europe region for manufacturing biodegradable products would boost the aspartic acid market. Besides, Asia Pacific is anticipated to play a vital role in the aspartic acid market. The reason behind this is attributed to the increasing population, rising disposable income, and growing health consciousness among the population that would help to grow the demand of aspartic acid. Furthermore, the enhanced medical applications of aspartic acid would help to grow the market in the next few years.

The major companies operating in the global aspartic acid market include Royal DSM, Tocris Bioscience Co., Ajinomoto Co. Inc., Evonik Industries, Prinova Group LLC, Iris Biotech GmbH, Anaspec Inc., ChemPep Inc., and PepTech Corporation.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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