The global asparagine market is projected to grow at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2032, with revenues anticipated to rise from USD 11.5 billion in 2022 to USD 15.3 billion by 2032.
Asparagine is a non-essential amino acid naturally present in various foods, including dairy products, meats, eggs, fish, and vegetables like asparagus and potatoes, as well as legumes, seeds, nuts, soy, and grains. It plays a vital role as a raw material in the synthesis of organic chemicals, pharmaceuticals, and agrochemicals. In the global market, asparagine is offered in two forms: asparagine monohydrate and asparagine anhydrous.
Asparagine is used in cosmetics and personal care products for its functions as a hair and skin conditioner, fragrance component, and masking agent. In addition to these applications, it serves as a food additive in the food and beverage industry, especially in Asian countries, to provide specific physical, nutritional, and technical benefits. Furthermore, asparagine is utilized in cell culture media and is currently being researched for its potential anti-cancer properties and its possible use as a chemotherapy drug.
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 primarily driven by its use in cosmetics and personal care products, which are widely consumed in Western countries such as the U.S., Canada, the U.K., Germany, and Australia. Additionally, there is a rapid increase in the use of these products in Asian, Middle Eastern, and African countries. This growing demand for cosmetics and personal care items is boosting the need for asparagine and creating a positive outlook for the global market.
Asparagine is vital for metabolic control in brain tissues and nerve cells, as it is a key compound in the production of proteins, enzymes, and muscle tissues. Asparagine supplements are believed to help balance the nervous system and serve as an important diuretic, aiding in the treatment of rheumatism, premenstrual water retention, and swelling. The rising popularity of health and dietary supplements, along with their numerous health benefits, is further driving demand for asparagine in this sector.
The asparagine market is further propelled by its application in food products. In the food and beverage industry, asparagine is commonly used as a food additive, with significant usage observed in Japan. The rising consumption of processed food and beverage products worldwide is driving high demand for preservatives and food additives. This trend creates increased opportunities for asparagine as a food additive, contributing to the growth of the global asparagine market.
Asparagine Market: Regional Analysis
Currently, North America and Europe hold the majority share of the global asparagine market. The high consumption of health and dietary supplements in these regions contributes significantly to the demand for asparagine. Meanwhile, the Asia-Pacific region is expected to experience the highest growth rate in the global asparagine market.
Factors such as rising GDP, a growing middle-class population, and increased income levels are enhancing the purchasing power of consumers in this region. As purchasing power rises, so does the demand for consumer products, creating a positive outlook for the global asparagine market.
Key Companies Profiled
- 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
Get Strategic Guidance from Our Analyst Contact us on: +1-347-918-3531
Key Segments Profiled in the Asparagine Market Survey
By Form:
- Asparagine Monohydrate
- Asparagine Anhydrous
By End Use:
- Food and Beverages
- Pharmaceutical
- Cosmetics and Personal Care
- Dietary Supplements
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
