Aspartic Acid Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.04 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Aspartic Acid Market Analysis
Global aspartic acid market is is projected to grow at a CAGR of 6.04% during the forecast period (2020 - 2025).
- Aspartic acid is a type of amino acid commonly known as asparaginic acid. Aspartic acid primarily helps in the release and production of hormones and also, in the functioning of the nervous system.
- The rising focus towards the production of low-calorie food, diet carbonated soft drinks, and sugar substitutes has resulted in an increased consumption of high-intensity sweeteners, which is driving the aspartic acid market.
Aspartic Acid Market Trends
This section covers the major market trends shaping the Aspartic Acid Market according to our research experts:
Growing Demand for Sports Nutrition Products
Aspartic acidis used in various sports nutrional products. Moreover, the growing demand for various kinds of protein bars, energy drinksanddietary supplementsamong bodybuilders and athletes is one of the key factors stoking the growth of the aspartic acid market. Rising disposable income and rapid pace of urbanization have also been propelling the market.Furthermore, in recent years, the adoption of these products has increased among recreational and lifestyle users owing to increased health awareness. These products are distributed through various retail channels such as large retail & mass merchandizers, small retail, drug & specialty stores, and various online retailers. In addition, they are distributed through fitness institutions such as gyms and health clubs.
North America Holds a Significant Share in Global Aspartic Acid Market
North America is expected to record a siginificant growth for the global aspartic acid market owing to the rising demand from the food and beverage, health and nutrition industries in the American market. The rising demand for packaged and fresh food is expected to drive the demand for aspartic acid the North America. Asia-Pacific lead by China, India and Japan aspartic acid market accounts for maximum share and is assumed to witness steady growth. In the European market, bakery products such as biscuits, cakes, breads and others are considered as the staple foods, this in turn is increasing the usage of the aspartic acid as a sweetener additive in these products.
Aspartic Acid Industry Overview
Key players are focusing on market penetration in developing economies which is increasing competition among international and local platers. Some of the major key players in the aspartic acid market, globally includes AJINOMOTO CO.,INC., Evonik Industries AG, Prinova Group LLC., Iris Biotech GmbH, AnaSpec, Inc., amo ng others.
Aspartic Acid Market Leaders
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AJINOMOTO CO.,INC.
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Prinova Group LLC.
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Iris Biotech GmbH
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ChemPep Inc.
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AnaSpec, Inc.
*Disclaimer: Major Players sorted in no particular order
Aspartic Acid Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Application
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5.1.1 Food
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5.1.2 Beverages
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5.1.3 Cosmetics
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5.1.4 Pharmaceuticals
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5.1.5 Agriculture/Animal Feed
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5.1.6 Others
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5.2 Geography
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5.2.1 North America
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5.2.1.1 United States
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5.2.1.2 Canada
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5.2.1.3 Mexico
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5.2.1.4 Rest of North America
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5.2.2 Europe
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5.2.2.1 Spain
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5.2.2.2 United Kingdom
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5.2.2.3 Germany
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5.2.2.4 France
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5.2.2.5 Italy
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5.2.2.6 Russia
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5.2.2.7 Rest of Europe
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5.2.3 Asia Pacific
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5.2.3.1 China
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5.2.3.2 Japan
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5.2.3.3 India
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5.2.3.4 Australia
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5.2.3.5 Rest of Asia-Pacific
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5.2.4 South America
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5.2.4.1 Brazil
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5.2.4.2 Argentina
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5.2.4.3 Rest of South America
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5.2.5 Middle East and Africa
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5.2.5.1 South Africa
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5.2.5.2 Saudi Arabia
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5.2.5.3 Rest of Middle East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 AJINOMOTO CO.,INC.
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6.4.2 Evonik Industries AG
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6.4.3 Prinova Group LLC.
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6.4.4 Iris Biotech GmbH
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6.4.5 AnaSpec, Inc.
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6.4.6 ChemPep Inc.
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6.4.7 KYOWA HAKKO BIO CO.,LTD.
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6.4.8 Tocris Bioscience
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Aspartic Acid Industry Segmentation
Global aspartic acid market is segmented by application and geography. On the basis of application, the market is segmented intofood, beverages, cosmetics, pharmaceuticals, agriculture/animal feed, and others.By geography,the study provides an analysis of the aspartic acid market in the emerging and established markets across the globe, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
| By Application | |
| Food | |
| Beverages | |
| Cosmetics | |
| Pharmaceuticals | |
| Agriculture/Animal Feed | |
| Others |
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Aspartic Acid Market Research FAQs
What is the current Aspartic Acid Market size?
The Aspartic Acid Market is projected to register a CAGR of 6.04% during the forecast period (2024-2029)
Who are the key players in Aspartic Acid Market?
AJINOMOTO CO.,INC., Prinova Group LLC., Iris Biotech GmbH, ChemPep Inc. and AnaSpec, Inc. are the major companies operating in the Aspartic Acid Market.
Which is the fastest growing region in Aspartic Acid Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Aspartic Acid Market?
In 2024, the North America accounts for the largest market share in Aspartic Acid Market.
What years does this Aspartic Acid Market cover?
The report covers the Aspartic Acid Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Aspartic Acid Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Aspartic Acid Industry Report
Statistics for the 2024 Aspartic Acid market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Aspartic Acid analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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