The global asparagine market is said to record a CAGR of 2.9% from 2022 to 2032, estimated to gain revenue worth USD 15.3 billion by 2032, up from USD 11.5 billion in 2022.
The demand for asparagine is expected to surge as the global market is primarily driven by the increasing use of cosmetics and personal care products. In Western countries such as Canada, the USA., Australia, Germany, etc., cosmetics and personal care products are widely consumed. This will promote the growth of the global asparagine market.
| Report Attribute | Details |
|---|---|
| Asparagine Market Value (2022) | USD 15.3 Billion |
| Asparagine Market Anticipated Forecast Value (2032) | USD 11.5 Billion |
| Asparagine Market Projected Growth Rate (2022 to 2032) | 2.9% |
Asparagine is a common, non-essential amino acid that can be synthesized in the human body. It is a beta-amido derivative of aspartic acid and portrays a significant role in the glycoproteins and other proteins’ biosynthesis. It is a metabolic antecedent to aspartate. Asparagine acts as a diuretic and is a nontoxic carrier of residual ammonia to be expelled from the human body.
The demand for asparagine is increasing owing to the need for functional food and beverages along with the increasing pharmaceutical industry. These factors will fuel the growth of the global asparagine market during the forecast period.
Natural source of asparagine is beef, dairy products, eggs, fish, poultry, potatoes, asparagus, seeds, legumes, soy, nuts, and grains. Globally, scientists are thinking of an early-phase clinical trial that will use a low-asparagine diet in combination with immunotherapy and chemotherapy.
The sales of asparagine are said to grow owing to its benefit of maintaining equilibrium which is crucial for the human central nervous system. This amino acid also aids in controlling the metabolism activities of the brain.
Asparagine is a crucial raw material used in synthesizing pharmaceuticals, organic chemicals, and agrochemicals. In the global market, asparagine is available in two forms: asparagine anhydrous and asparagine monohydrate.
The global asparagine market growth is said to flourish as it is one of the most significant amino acids. Cancer cell proliferation needs preserving intracellular asparagine levels; this amino acid is a crucial regulator of cancer cell amino acid balance, proliferation, and anabolic metabolism.
Asparagine is widely used in cosmetics and personal care products as a skin-conditioning agent, masking agent, hair conditioning agent, and fragrance ingredient. Apart from the cosmetic industry, asparagine is used as a food additive in the food and beverage industry. Therefore, the demand for asparagine will surge during the forecast period.
In Asian countries, asparagine is commonly used in food additive to inflict nutritive, physical, and other technical effects. This amino acid is presently researched for its anti-cancer property and its potential use as a chemotherapy drug.
The global asparagine market is positively influenced by several factors such as increasing demand for asparagine in food and beverages industry. In Asia and Middle East and Africa there is a rapid increase in use of cosmetics and personal care products.
The asparagine market growth factors include increasing demand from pharmaceutical industry, food and beverage industry, and dietary supplement owing to its use in several applications such as emulsifiers and flavour enhancers. Besides, there is an increasing demand for asparagine application in beverage products is also boosting the growth of the global market.
Asparagine has a significant role in the metabolic control of cell functions in the brain tissues and nerve cells. The demand for asparagine is surging as it is one of the crucial compounds for producing enzymes, proteins, and muscle tissues. Asparagine supplements are said to stabilize and balance our nervous system.
Asparagine is also a crucial diuretic and is used in treating premenstrual water, rheumatism, and swelling. Considering the several health benefits from consuming supplements, the demand for dietary and health supplements in significantly increasing. The global asparagine marker is constantly growing due to its application in such health supplements.
The growth rate of asparagine is supported by its use as an additive in the food products. The demand for asparagine as a food additive is primarily observed in Japan. Higher consumption of processed food and beverage products across the world is resulting in increased demand for preservative and food additives in the market. This leads to better market opportunities for asparagine as a food additive and thus propels the global asparagine market.
Parallelly, market manufacturers face challenges such as stringent regulations on additives and ingredients that are used in the manufacturing process. This could force them to reduce their production capacities and/or stop the complete process.
Of all the key regions, North America is anticipated to dominate with a huge market share of asparagine and will continue to sustain during the forecast period. Greater consumption of dietary and health supplements in North America is leading to more consumption of asparagine. Following North America is the Europe region to gain market dominance owing to a greater health-conscious population.
The Asia Pacific is said to experience the highest growth rate in the global asparagine market share. Globally, China is presently one of the leading countries that produce asparagine due to the availability of raw materials such as corn starch on a large scale.
Chinese companies that manufacture asparaginase enzymes are witnessing higher demand on a huge scale, offering low prices. Furthermore, rising income in the middle-class population and increasing GDP lead to the rising demand for consumer products, thereby creating a lucrative prospect in the global asparagine market.
A few of the key players in the asparagine market include 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, and Amino GmbH.
In June 2022, Evonik invested USD 220 million in partnership with the United States government to build a new pharmaceutical lipid production facility for mRNA-based therapies in the USA
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Form, End Use, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| 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 |
| Customization | Available Upon Request |
The global asparagine market is set to advance at a CAGR of 2.9% from 2022 to 2032.
The asparagine market is projected to hold a market share of USD 15.3 billion by 2032.
Some of the key players holding major global asparagine market share 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, and Amino GmbH.
Asparagine Market
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