Aspartic Acid Market Analysis - Global Industry Size, Share, Trends and Forecast, 2018 - 2026

Chemicals and Materials | Delivery Format: PDF | Status: Forthcoming | Report ID: ARC540

Introduction

Aspartic acid, also known as aspartate, is used in biosynthesis of proteins. Aspartic acid, in combination with glutamic acid is known as an acidic amino acid. L-aspartic acid and D-aspartic acid are the two forms of enantiomers of aspartic acid available in the industry. L-aspartic acid is directly combined into proteins unlike the D-aspartic acid. Aspartic acid is used in the production of sweetener known as aspartame. The market for aspartic acid is driven by the increased demand for biodegradable products because of the depleting fossil fuel reserves.

Market Dynamics

Upsurge in the end-use industries such as pharmaceuticals, food & beverage, and chemical is believed to be the major factor augmenting the growth of aspartic acid market. Increased consumption of meat and sweeteners is another important factor contributing to the growth of aspartic acid market. Moreover, the upsurge in biodegradable polymers also boosts the market for aspartic acid. However, the fluctuating raw material price hampers the growth of aspartic acid market. Also, the complexity in manufacturing process and its increased cost restrains the market growth for aspartic acid.

Market Classification and Overview

The aspartic acid market is bifurcated based on applications, end-use industry, and geography. Feed supplements, medicines, polyaspartic acid, aspartame, L-alanine, and others are various applications of aspartic acid. Polyaspartic acid was estimated to be the largest application segment owing to its increased demand in the form of biodegradable polymer. Pharmaceuticals, food & beverages, and chemical are the major end-use industries for aspartic acid.

Regional Overview

The market for aspartic acid is segmented into regions such as North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa (MEA). North America was the largest market revenue contributor in 2015, owing to the existence of modern healthcare facility in the U.S. along with upsurge in sweetener demand. Asia-Pacific is also projected to register the highest growth during the forecast period, as a result of increase in demand for sweeteners for carbonated beverages. Europe is the second largest revenue contributor to the aspartic acid market due to rise in demand for packaged food in this region.

Report Coverage

Market

Aspartic Acid Market

Analysis Period

2015 – 2026

Historic Data

2015 – 2016

Base Year

2017

Forecast Data

2018 – 2026

Market Stratification

Application, End-Use Industry, Geography

Regional Scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa (MEA)

Report Coverage

Market Trends, Drivers, Restraints, Porter's Five Forces Analysis, Competitive Analysis,

Player Profiling, Value Chain Analysis

Market Participants

Ajinomoto Co. Inc, Flexible Solutions Inc., Royal DSM, Prinova Inc, Evonik Industries, Iris Biotech GmbH, AnaSpec Inc, Chemical Co. Ltd, Changzhou Yabang Chemical Co., Ltd., Kyowa Hakko Kogyo Co, Yantai Hengyuan Bioengineering Co. Ltd., and Nanjing Libang Chemical Co. Ltd among others are some of the key players in the global aspartic acid market. These players have adopted strategies such as mergers and acquisitions other established players in the market to gain competitive edge and sustain competition.

Market Segmentation

Market By Application

·         Feed Supplements

·         Medicines

·         Polyaspartic acid

·         Aspartame

·         L-alanine

Market By End-Use Industry

·         Pharmaceuticals

·         Food & beverages

·         Chemical

Market By Geography

·         North America

o   US

o   Canada

o   Mexico

·         Europe

o   UK

o   Germany

o   France

o   Rest of Europe

·         Asia-Pacific

o   China

o   Japan

o   India

o   Australia

o   Rest of Asia-Pacific

·         Latin America

o   Brazil

o   Rest of Latin America

·         Middle East and Africa (MEA)

o   South Africa

o   Saudi Arabia

o   Rest of MEA

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