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Market Research Report

Aspartic Acid Market - Growth, Trends, and Forecast (2020 - 2025)

Published by Mordor Intelligence LLP Product code 704828
Published Content info 90 Pages
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Aspartic Acid Market - Growth, Trends, and Forecast (2020 - 2025)
Published: April 1, 2020 Content info: 90 Pages
Description

Global aspartic acid market is is projected to grow at a CAGR of 6.04% during the forecast period (2020 - 2025).

  • Aspartic acid is a type of amino acid commonly known as asparaginic acid. Aspartic acid primarily helps in the release and production of hormones and also, in the functioning of the nervous system.
  • The rising focus towards the production of low-calorie food, diet carbonated soft drinks, and sugar substitutes has resulted in an increased consumption of high-intensity sweeteners, which is driving the aspartic acid market.

Key Market Trends

Growing Demand for Sports Nutrition Products

Aspartic acid is used in various sports nutrional products. Moreover, the growing demand for various kinds of protein bars, energy drinks anddietary supplements among bodybuilders and athletes is one of the key factors stoking the growth of the aspartic acid market. Rising disposable income and rapid pace of urbanization have also been propelling the market. Furthermore, in recent years, the adoption of these products has increased among recreational and lifestyle users owing to increased health awareness. These products are distributed through various retail channels such as large retail & mass merchandizers, small retail, drug & specialty stores, and various online retailers. In addition, they are distributed through fitness institutions such as gyms and health clubs.

North America Holds a Significant Share in Global Aspartic Acid Market

North America is expected to record a siginificant growth for the global aspartic acid market owing to the rising demand from the food and beverage, health and nutrition industries in the American market. The rising demand for packaged and fresh food is expected to drive the demand for aspartic acid the North America. Asia-Pacific lead by China, India and Japan aspartic acid market accounts for maximum share and is assumed to witness steady growth. In the European market, bakery products such as biscuits, cakes, breads and others are considered as the staple foods, this in turn is increasing the usage of the aspartic acid as a sweetener additive in these products.

Competitive Landscape

Key players are focusing on market penetration in developing economies which is increasing competition among international and local platers. Some of the major key players in the aspartic acid market, globally includes AJINOMOTO CO.,INC., Evonik Industries AG, Prinova Group LLC., Iris Biotech GmbH, AnaSpec, Inc., amo ng others.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support
Table of Contents
Product Code: 62767

Table of Contents

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porter's Five Forces Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 By Application
    • 5.1.1 Food
    • 5.1.2 Beverages
    • 5.1.3 Cosmetics
    • 5.1.4 Pharmaceuticals
    • 5.1.5 Agriculture/Animal Feed
    • 5.1.6 Others
  • 5.2 Geography
    • 5.2.1 North America
      • 5.2.1.1 United States
      • 5.2.1.2 Canada
      • 5.2.1.3 Mexico
      • 5.2.1.4 Rest of North America
    • 5.2.2 Europe
      • 5.2.2.1 Spain
      • 5.2.2.2 United Kingdom
      • 5.2.2.3 Germany
      • 5.2.2.4 France
      • 5.2.2.5 Italy
      • 5.2.2.6 Russia
      • 5.2.2.7 Rest of Europe
    • 5.2.3 Asia Pacific
      • 5.2.3.1 China
      • 5.2.3.2 Japan
      • 5.2.3.3 India
      • 5.2.3.4 Australia
      • 5.2.3.5 Rest of Asia-Pacific
    • 5.2.4 South America
      • 5.2.4.1 Brazil
      • 5.2.4.2 Argentina
      • 5.2.4.3 Rest of South America
    • 5.2.5 Middle East and Africa
      • 5.2.5.1 South Africa
      • 5.2.5.2 Saudi Arabia
      • 5.2.5.3 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Most Active Companies
  • 6.2 Most Adopted Strategies
  • 6.3 Market Share Analysis
  • 6.4 Company Profiles
    • 6.4.1 AJINOMOTO CO.,INC.
    • 6.4.2 Evonik Industries AG
    • 6.4.3 Prinova Group LLC.
    • 6.4.4 Iris Biotech GmbH
    • 6.4.5 AnaSpec, Inc.
    • 6.4.6 ChemPep Inc.
    • 6.4.7 KYOWA HAKKO BIO CO.,LTD.
    • 6.4.8 Tocris Bioscience

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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