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 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.
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.
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Scope of the Aspartic Acid Market Report:
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.
- L-Aspartic Acid
- D-Aspartic Acid
- Feed Supplements
- Polyaspartic Acid
- Food and Beverage Industries
- Drink Mix
- Dairy Products
- Pharmaceutical Industries
- Dietary Supplements
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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)
Aspartic Acid Market Regional Analysis/Insights
The Aspartic Acid market is analyzed and market size insights and trends are provided by country, material type, end user and application 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, Israel, Egypt, South Africa, 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 market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand for fiber cement Aspartic Acid within the region. Asia-Pacific on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the prominent presence of fiber cement Aspartic Acid market players within the region. Moreover, the high requirement for the residential and commercial building construction also boosts the regional demand.
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