Aspartic Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Aspartic Acid Market is segmented by application (Food, Beverages, Cosmetics, Pharmaceuticals, Agriculture/Animal Feed, and Others); and by Geography.

Aspartic Acid Market Snapshot

Aspartic Acid Market
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 6.04 %

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Market Overview

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.

 

Scope of the Report

Global aspartic acid market is segmented by application and geography. On the basis of application, the market is segmented into food, 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
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
South Africa
Saudi Arabia
Rest of Middle East and Africa

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Key Market Trends

Growing Demand for Sports Nutrition Products

Aspartic acid is used in various sports nutrional products. Moreover, the growing demand for various kinds of protein bars, energy drinks anddietary supplements among 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.

aspartic acid market1

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 market2

Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Food

      2. 5.1.2 Beverages

      3. 5.1.3 Cosmetics

      4. 5.1.4 Pharmaceuticals

      5. 5.1.5 Agriculture/Animal Feed

      6. 5.1.6 Others

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Spain

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Germany

        4. 5.2.2.4 France

        5. 5.2.2.5 Italy

        6. 5.2.2.6 Russia

        7. 5.2.2.7 Rest of Europe

      3. 5.2.3 Asia Pacific

        1. 5.2.3.1 China

        2. 5.2.3.2 Japan

        3. 5.2.3.3 India

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle East and Africa

        1. 5.2.5.1 South Africa

        2. 5.2.5.2 Saudi Arabia

        3. 5.2.5.3 Rest of Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 AJINOMOTO CO.,INC.

      2. 6.4.2 Evonik Industries AG

      3. 6.4.3 Prinova Group LLC.

      4. 6.4.4 Iris Biotech GmbH

      5. 6.4.5 AnaSpec, Inc.

      6. 6.4.6 ChemPep Inc.

      7. 6.4.7 KYOWA HAKKO BIO CO.,LTD.

      8. 6.4.8 Tocris Bioscience

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Aspartic Acid Market market is studied from 2016 - 2026.

The Aspartic Acid Market is growing at a CAGR of 6.04% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

AJINOMOTO CO.,INC., Prinova Group LLC., Iris Biotech GmbH, ChemPep Inc., AnaSpec, Inc. are the major companies operating in Aspartic Acid Market.

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