The global asparagine market is said to record a CAGR of 2.9% from 2022 to 2032, estimated to gain revenue worth US$ 15.3 billion by 2032, up from US$ 11.5 billion in 2022.
Asparagine is a common, non-essential amino acid and can be synthesized in the human body. Naturally, asparagine is present in dairy products, beef, poultry, eggs, fish, asparagus, potatoes, legumes, seeds, nuts, soy, and grains. Asparagine is an important raw material and is used in the synthesis of organic chemicals, pharmaceuticals, and agrochemicals. Asparagine is available in two forms in the global market; asparagine monohydrate and asparagine anhydrous.
Asparagine is used in cosmetics and personal care products as a hair conditioning-agent, skin-conditioning agent, fragrance ingredient, and masking agent. Besides cosmetics and personal care products, asparagine is also used in the food and beverage industry as a food additive. As a food additive, asparagine is mostly used in Asian countries to impose desired physical, nutritive, and other technical effects. Asparagine is also being used in cell culture media. It is currently being researched for its anti-cancer property and its possible use as a chemotherapy drug.
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Flourishing and Continuously Adapting Food and Beverage Industry is Creating New and Innovative Opportunities for Asparagine in the Global Market
The global asparagine market is mainly driven by use of the cosmetics and personal care products. Cosmetics and personal care products are consumed widely in Western countries, such as the U.S., Canada, U.K., Germany, Australia, etc. The use of cosmetics and personal care products is also increasing in Asian and Middle Eastern and African countries at a rapid rate. This increasing demand for cosmetics and personal care products is driving the demand for asparagine and create a positive outlook in the global asparagine market.
Asparagine plays an important role in the metabolic control of cell functions in the brain tissues and nerve cells since it is one of the critical compounds for the production of proteins, enzymes, and muscle tissues. The supplements of the asparagine are claimed to balance the nervous systems. Asparagine is also an important diuretic and used in the treatment of rheumatism, premenstrual water, and swelling. The popularity of health supplements and dietary supplements is increasing the demand for various supplements, given the numerous health benefits from the consumption. The global market of asparagine is driven by the significant use in the health supplements.
Asparagine market is also propelled by the application of asparagine in the food products. In the food and beverage industry, asparagine is used as a food additive. The use of asparagine as a food additive is predominantly observed in Japan. The increasing consumption of processed food and beverage products around the globe is creating a high demand for preservative and food additives in the market. This eventually creates increased opportunity for the asparagine as a food additive and drives the global asparagine market.
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Asparagine Market: Regional Analysis
At present, North American and European regions are occupying a majority of the share in the global asparagine market. The massive consumption of health and dietary supplements in these regions as compared to the rest of the world is resulting in the high consumption of asparagine in the North American and European region. The Asia Pacific is anticipated to witness the highest growth rate in the global market share of the asparagine. The increasing GDP, increasing middle-class population and increase in the income of the middle-class populace is resulting in the increasing purchasing power of the customers. This increase in purchasing power is resulting in the increasing demand for consumer products, which is creating a positive outlook in the global asparagine market
Asparagine Market: Key Participants
Some of the market participants in the Asparagine market are:
- Tokyo Chemicals Industry Co., Ltd.
- Merck KGaA
- Alfa Aesar
- Angus Chemical Company
- Avantor Inc.
- Evonik Industries AG
- LGC Limited
- MP Biomedicals
- Duchefa Biochemie
- Jiangsu Jiecheng Bioengineering Co., Ltd.
- Wuhan Soleado Technology Co.
- Ajinomoto Group
- Amino GmbH
The research report presents a comprehensive assessment of the asparagine market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.
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The report covers exhaustive analysis on:
- Asparagine Market Segments
- Asparagine Market Dynamics
- Asparagine Market Size
- Asparagine Supply and Demand
- Current Trends/Issues/Challenges pertaining to Asparagine Market
- Competition Landscape and Emerging Market Participants in Asparagine Market
- Technology related to Production/Processing of Asparagine
- Value Chain Analysis of the Asparagine Market
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Asparagine Market Segmentation
The Asparagine market can be segmented on the basis of form, and end use.
On the basis of form, the asparagine market can be segmented as:
- Asparagine Monohydrate
- Asparagine Anhydrous
On the basis of end use, the asparagine market can be segmented as:
- Food and Beverages
- Pharmaceutical
- Cosmetics and Personal Care
- Dietary Supplements
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