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
Report Attribute |
More Details |
Market size in 2019 |
USD86.75 Million |
Forecast Revenues in 2022 |
USD101 Million |
Growth Rate |
CAGR of 5.2% between 2019 and 2022 |
Estimation base year |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2022 |
Quantitative units |
From 2019 to 2022, revenue in USD millions and CAGR |
Report coverage |
Forecast revenue, company ranking and competitive landscape, growth factors, trends |
Segments covered |
Product, Application, Region |
Regional scope |
North America; Europe, Asia Pacific; Central & South America. Middle East & Africa |
Country coverage |
The U.S. and Canada; The U.K. China, India, and Japan |
Key companies profiled |
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. |
The scope of customization |
With purchase, you get free report customization (equivalent to up to 8 analysts working day) You can add or modify country, region and segment scope. |
Prices and purchase options |
You can get customized purchase options that meet your research needs. Explore your purchase options |
These are the most frequently asked questions about this report
What is the size of the aspartic acid industry?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.
What is the growth rate of aspartic acid?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.
Which segment had the largest share of the aspartic acid market?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.
What are the major players in the aspartic acid marketb. 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.
What are the driving factors for the aspartic acid industry?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.
Report Scope
Report Attributes | Report Details |
Report Title | Aspartic Acid Market Research Report |
By Application | Medicine, L-Alanine, Polyaspartic Acid, Feed Supplements, Aspartame |
By 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 221 |
Number of Tables & Figures | 155 |
Customization Available | Yes, the report can be customized as per your need. |
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:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of Aspartic Acid Market.
- Historical data and forecast.
- Estimations for the forecast period 2028.
- Developments and trends in the market.
1. Medicine
2. L-Alanine
3. Polyaspartic Acid
4. Feed Supplements
5. Aspartame
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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.
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aspartic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aspartic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aspartic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aspartic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aspartic Acid Market Size & Forecast, 2018-2028
4.5.1 Aspartic Acid Market Size and Y-o-Y Growth
4.5.2 Aspartic Acid Market Absolute $ Opportunity
Chapter 5 Global Aspartic Acid Market Analysis and Forecast by Application
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Application
5.1.2 Basis Point Share (BPS) Analysis by Application
5.1.3 Absolute $ Opportunity Assessment by Application
5.2 Aspartic Acid Market Size Forecast by Application
5.2.1 Medicine
5.2.2 L-Alanine
5.2.3 Polyaspartic Acid
5.2.4 Feed Supplements
5.2.5 Aspartame
5.3 Market Attractiveness Analysis by Application
Chapter 6 Global Aspartic Acid Market Analysis and Forecast by Region
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Region
6.1.2 Basis Point Share (BPS) Analysis by Region
6.1.3 Absolute $ Opportunity Assessment by Region
6.2 Aspartic Acid Market Size Forecast by Region
6.2.1 North America
6.2.2 Europe
6.2.3 Asia Pacific
6.2.4 Latin America
6.2.5 Middle East & Africa (MEA)
6.3 Market Attractiveness Analysis by Region
Chapter 7 Coronavirus Disease (COVID-19) Impact
7.1 Introduction
7.2 Current & Future Impact Analysis
7.3 Economic Impact Analysis
7.4 Government Policies
7.5 Investment Scenario
Chapter 8 North America Aspartic Acid Analysis and Forecast
8.1 Introduction
8.2 North America Aspartic Acid Market Size Forecast by Country
8.2.1 U.S.
8.2.2 Canada
8.3 Basis Point Share (BPS) Analysis by Country
8.4 Absolute $ Opportunity Assessment by Country
8.5 Market Attractiveness Analysis by Country
8.6 North America Aspartic Acid Market Size Forecast by Application
8.6.1 Medicine
8.6.2 L-Alanine
8.6.3 Polyaspartic Acid
8.6.4 Feed Supplements
8.6.5 Aspartame
8.7 Basis Point Share (BPS) Analysis by Application
8.8 Absolute $ Opportunity Assessment by Application
8.9 Market Attractiveness Analysis by Application
Chapter 9 Europe Aspartic Acid Analysis and Forecast
9.1 Introduction
9.2 Europe Aspartic Acid Market Size Forecast by Country
9.2.1 Germany
9.2.2 France
9.2.3 Italy
9.2.4 U.K.
9.2.5 Spain
9.2.6 Russia
9.2.7 Rest of Europe
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 Europe Aspartic Acid Market Size Forecast by Application
9.6.1 Medicine
9.6.2 L-Alanine
9.6.3 Polyaspartic Acid
9.6.4 Feed Supplements
9.6.5 Aspartame
9.7 Basis Point Share (BPS) Analysis by Application
9.8 Absolute $ Opportunity Assessment by Application
9.9 Market Attractiveness Analysis by Application
Chapter 10 Asia Pacific Aspartic Acid Analysis and Forecast
10.1 Introduction
10.2 Asia Pacific Aspartic Acid Market Size Forecast by Country
10.2.1 China
10.2.2 Japan
10.2.3 South Korea
10.2.4 India
10.2.5 Australia
10.2.6 South East Asia (SEA)
10.2.7 Rest of Asia Pacific (APAC)
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Asia Pacific Aspartic Acid Market Size Forecast by Application
10.6.1 Medicine
10.6.2 L-Alanine
10.6.3 Polyaspartic Acid
10.6.4 Feed Supplements
10.6.5 Aspartame
10.7 Basis Point Share (BPS) Analysis by Application
10.8 Absolute $ Opportunity Assessment by Application
10.9 Market Attractiveness Analysis by Application
Chapter 11 Latin America Aspartic Acid Analysis and Forecast
11.1 Introduction
11.2 Latin America Aspartic Acid Market Size Forecast by Country
11.2.1 Brazil
11.2.2 Mexico
11.2.3 Rest of Latin America (LATAM)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Latin America Aspartic Acid Market Size Forecast by Application
11.6.1 Medicine
11.6.2 L-Alanine
11.6.3 Polyaspartic Acid
11.6.4 Feed Supplements
11.6.5 Aspartame
11.7 Basis Point Share (BPS) Analysis by Application
11.8 Absolute $ Opportunity Assessment by Application
11.9 Market Attractiveness Analysis by Application
Chapter 12 Middle East & Africa (MEA) Aspartic Acid Analysis and Forecast
12.1 Introduction
12.2 Middle East & Africa (MEA) Aspartic Acid Market Size Forecast by Country
12.2.1 Saudi Arabia
12.2.2 South Africa
12.2.3 UAE
12.2.4 Rest of Middle East & Africa (MEA)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Middle East & Africa (MEA) Aspartic Acid Market Size Forecast by Application
12.6.1 Medicine
12.6.2 L-Alanine
12.6.3 Polyaspartic Acid
12.6.4 Feed Supplements
12.6.5 Aspartame
12.7 Basis Point Share (BPS) Analysis by Application
12.8 Absolute $ Opportunity Assessment by Application
12.9 Market Attractiveness Analysis by Application
Chapter 13 Competition Landscape
13.1 Aspartic Acid Market: Competitive Dashboard
13.2 Global Aspartic Acid Market: Market Share Analysis, 2019
13.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
13.3.1 Changzhou Yabang Chemical Co Ltd
13.3.2 Taiyuan Qiaoyou Chemical
13.3.3 Tocris Bioscience Co
13.3.4 Beijing FortuneStar S&T Development Co Ltd
13.3.5 Yantai Hengyuan Bioengineering Co Ltd
13.3.6 Evonik Industries
13.3.7 Iris Biotech GmbH
13.3.8 Anaspec Inc
13.3.9 Flexible Solutions Inc
13.3.10 Kyowa Hakko Kogyo Co Other market players include Changmao Biochemical Engineering Co Ltd
13.3.11 Prinova Inc
13.3.12 Royal DSM
13.3.13 Langen Suzhou Co Ltd and Anhui Huaheng Biotechnology Co
13.3.14 Tokyo Chemical Industry Co Ltd
13.3.15 Ajinomoto Co Inc
13.3.16 Dongying Leadbond Chemical Co
13.3.17 Nanjing Libang Chemical Co Ltd