Global Aspartic Acid Market by Application (Medicine, L-Alanine, Polyaspartic Acid, Feed Supplements, Aspartame) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2012, the global aspartic acid consumption was 35.6 kilo tonnes. The global aspartic acid market will continue to be driven by the increasing demand for biodegradable products due to the depletion of fossil fuel reserves. The synthesis of polyaspartic acids is done using aspartic acid. Applications of polyaspartic acids include water treatment systems and agriculture, forestry, petroleum extraction, detergents, and laundry detergents.

Global aspartic market growth will be boosted by an increase in polyaspartic acids demand from end-use sectors. Polyaspartic and its derivative, such as the sodium salt of polyaspartic, are also used in pharmaceuticals, paints and pigments, oilfield chemicals and inorganic chemical applications. Aspartic acid demand is expected to rise due to growing sweeteners demand in the food and beverage industry.

Non-saccharide sweetener, also known as aspartame, is made from aspartic acid. Aspartame can be found in many products including bakery products, syrups, fruits-based products, drinks, cereals and beverages. Aspartame market growth will be boosted by a shift to packaged foods & beverages. Global aspartic acid market growth will continue to be driven by the growing pharmaceutical industry due to rising medical standards in emerging countries of Asia Pacific, Central & South America and Central & South America.

Aspartic acid is widely used in medicine and is predicted to see significant global market growth. Aspartic acid will see a rise in demand due to increased health consciousness among consumers. Aspartic is used in combination with other minerals in feed supplements such as magnesium aspartate and potassium aspartate.

Aspartic acid, a non-essential amino acids, is directly incorporated into protein. It can be found in plants and animals, particularly in sugarcane or sugarbeets. There are several ways to make aspartic acid: chemical synthesis, enzymatic conversion and protein extraction. Aspartic acid is currently produced by the reaction of aspartic acids with ammonia catalyzed using an aspartase enzyme. Global aspartic industry participants will be limited by the complex manufacturing process and high cost of raw materials in the form fumaric acid.

Global market growth will be impeded by strict government regulations regarding aspartame use in food and beverage industries. Industry participants will be able to reap the benefits of direct fermentation using sugar substrates as a cost-competitive alternative to conventional enzymatic process.

Application Insights

Over the last few years, polyaspartic acids was the most popular application segment in the aspartic acid market. The polyaspartic and its derivatives, such as the sodium salt of Polyaspartic Acid, are used in a variety of industrial applications, including water treatment, petroleum extraction, agriculture & forest.

The sodium salt of polyaspartic acids has excellent scale inhibition and dispersion properties. It is used in industrial water and boiler water. Polyaspartic acids can also be used in agriculture as a fertilizer. Polyaspartic acids can be made more efficient by adding urea. This will reduce the fertilizer dosage.

Aspartame, after polyaspartic acids, was the second-largest application segment in the aspartic acid market. Aspartame, an artificial sweetener with many applications in the food and beverage industry, is a widely used product. Market growth is aided by the high demand for sweeteners in APAC and developing countries. Aspartame is used in a variety of products including fruit-based, bakery, syrups, and beverages. One of the most important application areas is expected to grow over the forecast period. Aspartic acid is a prominent treatment element for many aspects of human health, including treating fatigue, depression, and other issues.

The fastest-growing industry over the forecast period is medicine. This segment is expected to grow because of the development in medical facilities and biodegradable components.

Regional Insights

North America was the largest regional market by demand in 2014. It is expected to maintain its dominance in the future. Aspartic acid market growth is expected to be driven by increasing convenience food consumption. Regional market growth is expected to be fueled by rising demand for ready-to-drink beverages in countries like the U.S.

Europe was the second largest market for aspartic acids. It is expected that the European food & drink industry will continue to grow steadily over the forecast period. Aspartame is a widely used ingredient in Europe's food & drink industry. This is expected to continue to be a major driver for the region's market growth. Asia Pacific's market for aspartic acid is expected to grow due to population growth and rising disposable income. Regional market growth will be driven by a shift towards packaged foods & beverages.

Competitive Insights

Global aspartic acid markets are highly fragmented. There are few large multinational players and many small-scale industry participants. Royal DSM, Ajinomoto Co. Inc. Evonik Industries and Flexible Solutions Inc. Yantai Hengyuan Bioengineering Co. Ltd. Iris Biotech GmbH and Prinova Inc. are key players in the global aspartic acids market.

Market Report Scope for Aspartic Acid

These are the most frequently asked questions about this report

b. Global aspartic acid market was valued at USD 86.75 Million in 2019, and is forecast to grow to USD 91.26 millions in 2020.

b. Global aspartic acid markets are expected to grow at a compound annual rate of 5.2% between 2019 and 2022, reaching USD 101.00 millions by 2022.

b. With a 41.01% share in 2019, North America was the dominant market for aspartic acid. This can be attributed to the U.S.'s sophisticated healthcare infrastructure and growing awareness of artificial sweeteners.

b. Ajinomoto Co. Inc., Royal DSM. Flexible Solutions Inc.., Iris Biotech GmbH. Prinova Inc Evonik Industries. Anaspec Inc. Changzhou Yabang Chemical Co. Ltd. Yantai Hengyuan Bioengineering Co. Ltd. Kyowa Kogyo Co. and Nanjing Libang Chemical Co. Ltd. are some of the key players in the aspartic acids market.

b. The market growth is driven by the increasing demand for aspartic acid from the food & beverage industry as an artificial sweetener.

Up Market Research published a new report titled “Aspartic Acid Market research report which is segmented by Application (Medicine, L-Alanine, Polyaspartic Acid, Feed Supplements, Aspartame), By Players/Companies Changzhou Yabang Chemical Co Ltd, Taiyuan Qiaoyou Chemical, Tocris Bioscience Co, Beijing FortuneStar S&T Development Co Ltd, Yantai Hengyuan Bioengineering Co Ltd, Evonik Industries, Iris Biotech GmbH, Anaspec Inc, Flexible Solutions Inc, Kyowa Hakko Kogyo Co Other market players include Changmao Biochemical Engineering Co Ltd, Prinova Inc, Royal DSM, Langen Suzhou Co Ltd and Anhui Huaheng Biotechnology Co, Tokyo Chemical Industry Co Ltd, Ajinomoto Co Inc, Dongying Leadbond Chemical Co, Nanjing Libang Chemical Co Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Aspartic Acid Market Report Segments:

The market is segmented by Application (Medicine, L-Alanine, Polyaspartic Acid, Feed Supplements, Aspartame).

Aspartic Acid Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Aspartic Acid Market

Overview of the regional outlook of the Aspartic Acid Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Aspartic Acid Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Aspartic Acid Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Medicine

                2. L-Alanine

                3. Polyaspartic Acid

                4. Feed Supplements

                5. Aspartame

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Aspartic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Aspartic Acid Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.