Aspartic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027
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A07389
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Sep 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Aspartic Acid Market: Global Opportunity Analysis and Industry Forecast, 2020 - 2027
Request Now !Aspartic Acid Market Analysis 2020-2027:
Aspartic acid is a type of amino acid, which is commonly used in the medical, cosmetics, agriculture, dietary supplement, and food & beverages industries. The human body produces aspartic acid, which works against sweating and purifying liver. The acid produces various hormones in the human body and also supports the functioning of nervous system. It also helps in digestion; and utilizes calcium, potassium, & magnesium. It is commonly found in oat flakes, asparagus, oysters, and sausage.
Moreover, aspartic acid is used in the production of sweetener, which is known as aspartame. Aspartame is used in various bakery products, beverages, cereals, fruit-based products, and syrups.Â
Market scope and structure analysis:
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          Report Metric |
                      Details |
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 Market size available for years |
 2019–2027 |
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 Base year considered |
 2019 |
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 Forecast period |
 2020–2027 |
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 Forecast unit |
 Value (USD Million) |
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 Segments covered |
 Type, End Use |
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 Regions covered |
North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa |
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 Companies covered |
Ajinomoto Group, Evonik, KYOWA, Jinghai, Amino Acid, JIRONG PHARM, Siwei Amino Acid, Hubei Bafeng Pharmaceutical, Tianjin Tianan Pharmaceuticals, PepTech Corporation, and AnaSpec, Inc. |
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By Type
- L-Aspartic Acid
- D-Aspartic Acid
By End Use
- Feed Supplements
- Medicines
- Polyaspartic Acid
- Aspartame
- L-Alanine
- Others
COVID–19 scenario analysis
The coronavirus pandemic has a deep impact on the food & beverages industry. The pandemic has made the population to stay indoors, thereby increasing the home-made food eating habits. Therefore, this has reduced the demand for processed food drastically. Moreover, the lockdown has forced governments to shut down all the food outlets other institutions that promote public gathering such as gym, shopping malls, and others. This is expected to reduce the demand for aspartic acid over the forecast period. However, the use of aspartic acid in the pharmaceutical industry may boost the market growth even during this time of crisis.
Market scenario analysis
The rapid development of the pharmaceutical industry is a major factor that accelerates the market growth. Aspartic acid is widely used in the healthcare sector to cure various human ailments. Research proves that increased aspartic acid-based medicines keep the brain sharper, reduce depression, and promote robust metabolism. Moreover, increase in consumption of meat coupled with rise in demand for confectionery products is further expected to boost the market growth. Aspartic acid is also used to manufacture bio degradable polyaspartic acid, which is soluble in water. Polyaspartic acid is widely used in waste water treatment and also has the ability to replace various non-biodegradable amino acids. In addition, investment in research activities to develop aspartic acid directly through fermentation using sugar substrates to increase its cost-competitiveness over conventional manufacturing process is expected to further propel the market growth. However, complex manufacturing process and increase in raw material cost are expected to hinder the global aspartic acid market growth over the forecast period.
Market trends
One of the major trends observed is the use of aspartic acid in various sports nutritional products. The rise in demand for various kinds of protein bars, energy drinks, and other supplements among bodybuilders and athletes is expected to propel the aspartic acid market growth. In addition, increase in urbanization leads to increase in disposable income, which is also expected to boost the market growth. Moreover, increased health awareness has raised the consumption of various dietary supplements across various countries. These products are distributed through various retailers, wholesalers, and health institutions such as gyms and fitness clubs.
Regional insights
North America is the market leader of the global aspartic acid market, and is predicted to continue its dominance during the forecast period. Increase in demand for processed food is expected to boost the aspartic acid market growth in this region. Europe holds the second largest market for aspartic acid, and is expected to witness steady growth due to rise in demand for food & beverages in the region. The Asia-Pacific aspartic acid market is also growing due to rise in population and increased adoption of packaged food. Additionally, increased disposable income is also expected to boost the market growth in the region.
Key benefits of the report:
- This study presents the analytical depiction of the aspartic acid market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the aspartic acid market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the aspartic acid market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.Â
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years.Â
Questions answered in the aspartic acid market research report:
- Which are the leading market players active in the market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:
- Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.
Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry
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- Scientific and technical writings for product information and related preemptions
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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:
- Validates and improves the data quality and strengthens research proceeds
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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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