Market Size of Aspartic Acid Industry
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 |
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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.