The global tryptophan market is expected to boom at a record CAGR of 13.9% between 2022 and 2032 and is expected to reach US$1.986 billion in revenue by 2032, up from US$540.5 million by 2022.
One of Key Factors Accelerating demand for tryptophan over the forecast period 2022 to 2032 is raising consumer awareness of the health benefits of many food additives, of which tryptophan is one.
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Tryptophan is an essential amino acid, which is present in high levels in pumpkin seeds. Some other foods that have significant amount of the tryptophan includes meat, crab, eggs, fish, spinach, dates, spirulina, banana, oat, etc. Tryptophan is needed by the body for the production of serotonin, which is an essential neurotransmitter. Serotonin is required for the production of melatonin in the body that governs body circadian rhythm and helps in the regulating the sleep cycle.
Tryptophan is used widely in the animal feed industry and also in the food and beverage industry, clinical nutrition, and dietary supplements. Currently, tryptophan in the market is dominantly produced in a synthetic way through fermentation.
Increasing Health Consciousness around the Globe is Producing Positive Scenario in the Global Tryptophan Market
Global tryptophan market is majorly driven by the substantial increase in the consumption of animal feed ingredients. Supplementing the feed of the livestock with tryptophan enhances feed intake of the animals such as piglets, since the production of serotonin is increased that affects the appetite of the livestock. By improving the digestive capability of the animals, reduction in the frequency and severity of poor gut health and bacterial proliferation is observed.
With the increased performance and body weight gain of the weaned pigs or other animal in short period of time, lower feed consumption with high profit in commercial livestock production is gained. Tryptophan demand in the global market is increasing due to the excellent results observed with the supplementing feed with it.
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Tryptophan Market: Key Participants
Some of the market participants in the tryptophan market are:
- Ajinomoto Group
- Cargill Inc.
- CJ CheilJedang Corporation
- Kyowa Hakko Bio Co., Ltd.
- Penta Manufacturing Company
- Daesang Corporation
- ADM Company
- Evonik
- Novus International
- Glanbia Plc
Tryptophan Market Segmentation
The tryptophan market can be segmented on the basis of grade and end use.
On the basis of grade, the tryptophan market can be segmented as:
- Food Grade
- Feed Grade
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On the basis of end use, the tryptophan market can be segmented as:
- Food and Beverage
- Animal Feed
- Dietary Supplements
- Cosmetics and Personal Care
- Pharmaceutical
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
Middle East and Africa
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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