[343 Pages Report] The global asparagine market is said to record a CAGR of 2.9% from 2022 to 2032, estimated to gain revenue worth US$ 15.3 billion by 2032, up from US$ 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 U.S., 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) | US$ 15.3 Billion |
| Asparagine Market Anticipated Forecast Value (2032) | US$ 11.5 Billion |
| Asparagine Market Projected Growth Rate (2022-2032) | 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.
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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.
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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 US$ 220 million in partnership with the United States government to build a new pharmaceutical lipid production facility for mRNA-based therapies in the U.S.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 2.9% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2021 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Million, and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
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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 US$ 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.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Asparagine Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Form, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Form, 2022-2032 5.3.1. Asparagine Monohydrate 5.3.2. Asparagine Anhydrous 5.4. Y-o-Y Growth Trend Analysis By Form, 2017-2021 5.5. Absolute $ Opportunity Analysis By Form, 2022-2032 6. Global Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2022-2032 6.3.1. Food and Beverages 6.3.2. Pharmaceutical 6.3.3. Cosmetics and Personal Care 6.3.4. Dietary Supplements 6.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 6.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 7. Global Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. East Asia 7.3.5. South Asia & Pacific 7.3.6. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Form 8.2.3. By End Use 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Form 8.3.3. By End Use 8.4. Key Takeaways 9. Latin America Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Form 9.2.3. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Form 9.3.3. By End Use 9.4. Key Takeaways 10. Europe Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Form 10.2.3. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Form 10.3.3. By End Use 10.4. Key Takeaways 11. East Asia Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.2. By Form 11.2.3. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Form 11.3.3. By End Use 11.4. Key Takeaways 12. South Asia & Pacific Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Thailand 12.2.1.3. Indonesia 12.2.1.4. Malaysia 12.2.1.5. Singapore 12.2.1.6. Australia 12.2.1.7. New Zealand 12.2.1.8. Rest of South Asia & Pacific 12.2.2. By Form 12.2.3. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Form 12.3.3. By End Use 12.4. Key Takeaways 13. MEA Asparagine Market Analysis 2017-2021 and Forecast 2022-2032, By Country 13.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 13.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 13.2.1. By Country 13.2.1.1. GCC Countries 13.2.1.2. South Africa 13.2.1.3. Israel 13.2.1.4. Rest of MEA 13.2.2. By Form 13.2.3. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Form 13.3.3. By End Use 13.4. Key Takeaways 14. Key Countries Asparagine Market Analysis 14.1. U.S. 14.1.1. Pricing Analysis 14.1.2. Market Share Analysis, 2021 14.1.2.1. By Form 14.1.2.2. By End Use 14.2. Canada 14.2.1. Pricing Analysis 14.2.2. Market Share Analysis, 2021 14.2.2.1. By Form 14.2.2.2. By End Use 14.3. Brazil 14.3.1. Pricing Analysis 14.3.2. Market Share Analysis, 2021 14.3.2.1. By Form 14.3.2.2. By End Use 14.4. Mexico 14.4.1. Pricing Analysis 14.4.2. Market Share Analysis, 2021 14.4.2.1. By Form 14.4.2.2. By End Use 14.5. Germany 14.5.1. Pricing Analysis 14.5.2. Market Share Analysis, 2021 14.5.2.1. By Form 14.5.2.2. By End Use 14.6. U.K. 14.6.1. Pricing Analysis 14.6.2. Market Share Analysis, 2021 14.6.2.1. By Form 14.6.2.2. By End Use 14.7. France 14.7.1. Pricing Analysis 14.7.2. Market Share Analysis, 2021 14.7.2.1. By Form 14.7.2.2. By End Use 14.8. Spain 14.8.1. Pricing Analysis 14.8.2. Market Share Analysis, 2021 14.8.2.1. By Form 14.8.2.2. By End Use 14.9. Italy 14.9.1. Pricing Analysis 14.9.2. Market Share Analysis, 2021 14.9.2.1. By Form 14.9.2.2. By End Use 14.10. China 14.10.1. Pricing Analysis 14.10.2. Market Share Analysis, 2021 14.10.2.1. By Form 14.10.2.2. By End Use 14.11. Japan 14.11.1. Pricing Analysis 14.11.2. Market Share Analysis, 2021 14.11.2.1. By Form 14.11.2.2. By End Use 14.12. South Korea 14.12.1. Pricing Analysis 14.12.2. Market Share Analysis, 2021 14.12.2.1. By Form 14.12.2.2. By End Use 14.13. India 14.13.1. Pricing Analysis 14.13.2. Market Share Analysis, 2021 14.13.2.1. By Form 14.13.2.2. By End Use 14.14. Thailand 14.14.1. Pricing Analysis 14.14.2. Market Share Analysis, 2021 14.14.2.1. By Form 14.14.2.2. By End Use 14.15. Indonesia 14.15.1. Pricing Analysis 14.15.2. Market Share Analysis, 2021 14.15.2.1. By Form 14.15.2.2. By End Use 14.16. Malaysia 14.16.1. Pricing Analysis 14.16.2. Market Share Analysis, 2021 14.16.2.1. By Form 14.16.2.2. By End Use 14.17. Singapore 14.17.1. Pricing Analysis 14.17.2. Market Share Analysis, 2021 14.17.2.1. By Form 14.17.2.2. By End Use 14.18. Australia 14.18.1. Pricing Analysis 14.18.2. Market Share Analysis, 2021 14.18.2.1. By Form 14.18.2.2. By End Use 14.19. New Zealand 14.19.1. Pricing Analysis 14.19.2. Market Share Analysis, 2021 14.19.2.1. By Form 14.19.2.2. By End Use 14.20. GCC Countries 14.20.1. Pricing Analysis 14.20.2. Market Share Analysis, 2021 14.20.2.1. By Form 14.20.2.2. By End Use 14.21. South Africa 14.21.1. Pricing Analysis 14.21.2. Market Share Analysis, 2021 14.21.2.1. By Form 14.21.2.2. By End Use 14.22. Israel 14.22.1. Pricing Analysis 14.22.2. Market Share Analysis, 2021 14.22.2.1. By Form 14.22.2.2. By End Use 15. Market Structure Analysis 15.1. Competition Dashboard 15.2. Competition Benchmarking 15.3. Market Share Analysis of Top Players 15.3.1. By Regional 15.3.2. By Form 15.3.3. By End Use 16. Competition Analysis 16.1. Competition Deep Dive 16.1.1. Tokyo Chemicals Industry Co., Ltd. 16.1.1.1. Overview 16.1.1.2. Product Portfolio 16.1.1.3. Profitability by Market Segments 16.1.1.4. Sales Footprint 16.1.1.5. Strategy Overview 16.1.1.5.1. Marketing Strategy 16.1.1.5.2. Product Strategy 16.1.1.5.3. Channel Strategy 16.1.2. Merck KGaA 16.1.2.1. Overview 16.1.2.2. Product Portfolio 16.1.2.3. Profitability by Market Segments 16.1.2.4. Sales Footprint 16.1.2.5. Strategy Overview 16.1.2.5.1. Marketing Strategy 16.1.2.5.2. Product Strategy 16.1.2.5.3. Channel Strategy 16.1.3. Alfa Aesar 16.1.3.1. Overview 16.1.3.2. Product Portfolio 16.1.3.3. Profitability by Market Segments 16.1.3.4. Sales Footprint 16.1.3.5. Strategy Overview 16.1.3.5.1. Marketing Strategy 16.1.3.5.2. Product Strategy 16.1.3.5.3. Channel Strategy 16.1.4. Angus Chemical Company 16.1.4.1. Overview 16.1.4.2. Product Portfolio 16.1.4.3. Profitability by Market Segments 16.1.4.4. Sales Footprint 16.1.4.5. Strategy Overview 16.1.4.5.1. Marketing Strategy 16.1.4.5.2. Product Strategy 16.1.4.5.3. Channel Strategy 16.1.5. Avantor Inc. 16.1.5.1. Overview 16.1.5.2. Product Portfolio 16.1.5.3. Profitability by Market Segments 16.1.5.4. Sales Footprint 16.1.5.5. Strategy Overview 16.1.5.5.1. Marketing Strategy 16.1.5.5.2. Product Strategy 16.1.5.5.3. Channel Strategy 16.1.6. Evonik Industries AG 16.1.6.1. Overview 16.1.6.2. Product Portfolio 16.1.6.3. Profitability by Market Segments 16.1.6.4. Sales Footprint 16.1.6.5. Strategy Overview 16.1.6.5.1. Marketing Strategy 16.1.6.5.2. Product Strategy 16.1.6.5.3. Channel Strategy 16.1.7. LGC Limited 16.1.7.1. Overview 16.1.7.2. Product Portfolio 16.1.7.3. Profitability by Market Segments 16.1.7.4. Sales Footprint 16.1.7.5. Strategy Overview 16.1.7.5.1. Marketing Strategy 16.1.7.5.2. Product Strategy 16.1.7.5.3. Channel Strategy 16.1.8. MP Biomedicals 16.1.8.1. Overview 16.1.8.2. Product Portfolio 16.1.8.3. Profitability by Market Segments 16.1.8.4. Sales Footprint 16.1.8.5. Strategy Overview 16.1.8.5.1. Marketing Strategy 16.1.8.5.2. Product Strategy 16.1.8.5.3. Channel Strategy 16.1.9. Duchefa Biochemie 16.1.9.1. Overview 16.1.9.2. Product Portfolio 16.1.9.3. Profitability by Market Segments 16.1.9.4. Sales Footprint 16.1.9.5. Strategy Overview 16.1.9.5.1. Marketing Strategy 16.1.9.5.2. Product Strategy 16.1.9.5.3. Channel Strategy 16.1.10. Wuhan Soleado Technology Co. 16.1.10.1. Overview 16.1.10.2. Product Portfolio 16.1.10.3. Profitability by Market Segments 16.1.10.4. Sales Footprint 16.1.10.5. Strategy Overview 16.1.10.5.1. Marketing Strategy 16.1.10.5.2. Product Strategy 16.1.10.5.3. Channel Strategy 16.1.11. Ajinomoto Group 16.1.11.1. Overview 16.1.11.2. Product Portfolio 16.1.11.3. Profitability by Market Segments 16.1.11.4. Sales Footprint 16.1.11.5. Strategy Overview 16.1.11.5.1. Marketing Strategy 16.1.11.5.2. Product Strategy 16.1.11.5.3. Channel Strategy 16.1.12. Amino GmbH 16.1.12.1. Overview 16.1.12.2. Product Portfolio 16.1.12.3. Profitability by Market Segments 16.1.12.4. Sales Footprint 16.1.12.5. Strategy Overview 16.1.12.5.1. Marketing Strategy 16.1.12.5.2. Product Strategy 16.1.12.5.3. Channel Strategy 17. Assumptions & Acronyms Used 18. Research Methodology
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Asparagine Market
