Aspartic Acid Market Size Worth $121.9 Million By 2030: IndustryARC

Global Aspartic Acid Market size is predicted to reach $121.9 Million by 2030, growing at a CAGR of 6.5% during the forecast period 2024-2030 according to the latest market research report published by IndustryARC. Increasing demand for low-calorie food & beverages, Sustainable sourcing & production practices are poised to propel the market growth, finds IndustryARC in its recent report, titled “Aspartic Acid Market – By Availability (D-aspartic, L-aspartic, DL-aspartic), By Type of Category (Food, Medical & Healthcare, Cosmetics, Agriculture/Animal Feed, and Others), By Source (Animal Source, Plant Source), By Synthesis Method (Organisms, Fermentation, and Others), By Distribution Channel (Large Retailers, Online Portals, and Others), By Geography – Global Opportunity Analysis & Industry Forecast, 2024-2030”

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APAC to Register Highest Growth:

APAC to register highest growth in the Aspartic Acid market held with a significant market share of 42.9% in 2023. Increased foreign investment in the energy generation sector has a positive effect on boilers, heat exchangers and cooling towers, along with government measures, which could favor product demand in the region.

Aspartic Acid Market 2024-2030: Scope of the Report

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Aspartic Acid Market Report – Key Takeaways:

• Food segment to Register Highest Growth

By Type of Category, Food segment is analyzed to grow at a CAGR of 7.9% over the forecast period 2024-2030, due to the growing demand for packaged food and the growing use of sweeteners in the food and beverage industry. The health-conscious public prefers sweeteners to conventional sugar, which is the main driving force of the demand to manufacture aspartame. In addition, beverages account for the widespread use of aspartame, which is commonly consumed in the APAC region. After APAC, Europe is the second largest market for aspartic acid due to the growing demand for ready-to-eat food and the high demand for beverages in the region. Technology innovation in both North America and Europe is a primary driver of the global demand for aspartic acid. In addition, the presence of favorable government policies for the manufacture of biodegradable goods in APAC, North America and Europe will improve the demand for aspartic acid.

• D-aspartic is Leading the Market

By Availability, D-aspartic segment dominated the Aspartic Acid market in 2023. D-aspartic acid raises testosterone levels, which increases protein production and muscle mass growth. Testosterone stimulates the degradation of muscle tissue and decreases abdominal fat. Due to the growing geriatric population and the rising demand for health and wellness goods, better health habits are maintained. Sports supplements are used to boost health & wellness, muscle development and athletic performance. Growing high-protein energy drink consumption along with the availability of various nutritional products may favor the demand for dietary supplements, thereby driving the market size of aspartic acid.

• High Cost Poses a Challenge

Aspartic acid is typically produced through a complex fermentation process involving microorganisms. The intricacies of this biotechnological method, combined with the need for specialized equipment and raw materials, contribute to elevated production costs. The expense is further compounded by the stringent quality control measures required to ensure the purity and safety of the final product, particularly when used in food and pharmaceutical applications. This high production cost subsequently translates into elevated prices for aspartic acid in the market, potentially limiting its widespread adoption, especially in cost-sensitive industries.

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Key Opportunity Analysis:

• Rising Demand for Biodegradable Polymers

The increasing environmental concerns and regulatory pressures against single-use plastics are creating a significant opportunity for the aspartic acid market. Aspartic acid is a key component in the production of biodegradable polymers such as polyaspartic acid. These polymers are used in a variety of applications, including agriculture, packaging, and water treatment, due to their environmentally friendly properties. As governments and industries worldwide push for more sustainable materials, the demand for biodegradable polymers is expected to surge, offering a robust growth opportunity for aspartic acid manufacturers.

• Expansion in the Nutraceutical and Food Industries

With increasing consumer awareness regarding health and wellness, there is a rising demand for products that support a healthy lifestyle. Aspartic acid, commonly used in dietary supplements and as a building block for aspartame (a widely used artificial sweetener), is well-positioned to capitalize on this trend. As the global population continues to prioritize health, particularly in the wake of the COVID-19 pandemic, the demand for nutraceuticals and low-calorie sweeteners is expected to grow. This expansion presents a lucrative opportunity for companies operating in the aspartic acid market to increase their market share and explore new product formulations.

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The report also covers the following areas:

• Aspartic Acid Market Size and Forecast
• Aspartic Acid Market Trends
• Aspartic Acid Market Analysis by Availability
• Aspartic Acid Market Analysis by Type of Category
• Aspartic Acid Market Analysis by Source
• Aspartic Acid Market Analysis by Synthesis Method
• Aspartic Acid Market Analysis by Distribution Channel

Aspartic Acid Market 2024-2030: Key Highlights

• CAGR of the market during the forecast period 2024-2030
• Value Chain Analysis of key stakeholders
• Detailed analysis of market drivers and opportunities during the forecast period
• Aspartic Acid Market size estimation and forecast
• Analysis and predictions on end users’ behavior and upcoming trends
• Competitive landscape and Vendor market analysis including offerings, developments, and financials
• Comprehensive analysis of challenges and constraints in the Aspartic Acid Market

Covid and Ukrainian Crisis Impact:

• The COVID-19 pandemic had mixed effects on the aspartic acid market. On one hand, the disruptions in global supply chains slowed down the production and distribution of aspartic acid, leading to temporary shortages and increased prices. On the other hand, the heightened focus on health and wellness during the pandemic increased demand for dietary supplements and low-calorie food products, which often contain aspartic acid, thus partially offsetting the negative impact.
• The Russia-Ukraine war has exacerbated supply chain disruptions, particularly in Europe, where many chemical manufacturers source raw materials. The conflict has also led to fluctuations in energy prices, further impacting the cost of aspartic acid production. Additionally, the geopolitical instability has caused uncertainty in global markets, potentially slowing down investments and expansions in the aspartic acid industry.

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List of Key Market Players in the Aspartic Acid Market:

The Global Aspartic Acid Market is fragmented with several global and regional companies operating with expansive manufacturing capabilities and extensive distribution networks. The key companies profiled are listed below:

• Prinova Group
• Tocris Bioscience
• Ajinomoto Co.
• IRIS BIOTECH GMBH
• Anaspec, Inc.
• ChemPep Inc.
• Evonik Industries AG
• KYOWA HAKKO BIO CO., LTD.
• Tokyo Chemical Industry (India) Pvt. Ltd.
• Royal DSM

Related Reports:

Inorganic Acid Market: The rise in global population has increased food demand. This is propelling the global market for Inorganic Acids.

Organic Acids Market: Organic acids are widely used in the petrochemical sector which is majorly utilized in the production of petrochemical products for end-use and intermediates. This is further expected to create a major opportunity for the manufacturers of the Organic Acids Industry.

Maleic Acid Market: In recent years, the growing use of malic acid for manufacturing sugarless confectioneries has escalated its demand.

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IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets. 

IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.

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