The global phenylalanine market reached US$ 660 Mn in 2021. The demand for phenylalanine in the market is estimated to reach US$ 675 Mn by 2022, expanding at a CAGR of nearly 3% to 4% during the forecast period 2022-2032. Driven by the growing applications across the animal feed and dietary supplement sectors, the sales of phenylalanine are projected to surpass a valuation of US$ 850 Mn by the end of 2032.
Phenylalanine also referred to as (S)-2-amino-3-phenylpropanoic acid, is a type of amino acid that is naturally found in a number of foods such as peanuts, meat, breast milk of mammals, and others. It is an essential amino acid that is not made in the body and has to be consumed from external food sources.
There are 3 types of phenylalanine - L- phenylalanine, which is naturally sourced from foods, D-phenylalanine, which is fabricated unnaturally in medical facilities, and DL-phenylalanine, which is a combination of the above two phenylalanine types.
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What are the Leading Opportunities Creating Sales Prospects in the Global Phenylalanine Market?
Due to growing stressed lifestyle and decreasing emotional stability in individuals, there is a significant rise in the prevalence of mental disorders such as depression, anxiety, and others across the globe, resulting in bolstering the demand for associated therapeutics solutions.
For instance, according to a study by the World Health Organization, around 280 million people worldwide, or nearly 3.8% of the global population were reported to be suffering from depression in the year 2021, making it one of the most common mental illnesses in the world.
As phenylalanine plays a crucial role in increasing production of dopamine in the human body, chemical which assists in improving moods, it is increasingly being used in the treatment of these disorders. Hence, increasing burden of mental illnesses is anticipated to augment the sales of phenylalanine in the global market.
Which are Key Constraints Impeding the Demand for Phenylalanine in the Global Market?
Although there are several advantages associated with the use of phenylalanine, adverse effects related to this amino acid such as heartburn, constipation, dizziness, sedation, and trouble breathing among others are hindering the sales of phenylalanine in the market.
High cost, inclination towards natural additives, and complex production process of d-phenylalanine are hampering the growth in the d-phenylalanine segment.
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What are the Drivers Elevating the Sales of Phenylalanine in the North America Market?
As per a study by FMI, North America is estimated to account for the maximum sales in the global phenylalanine market during the forecast period 2022-2032.
Over the past couple of years, a substantial increase in incidences of joint disorder and chronic pain is being witnessed across North America, due to the dwindling immunity and soaring aged population.
According to the National Health Interview Survey, approximately 50.2 Mn adults, or around 20.5% of the population in the U.S. were reported to be suffering from chronic pain on most days in 2019.
Phenylalanine plays a curtail role in the treatment of these ailments, owing to its pain-relieving properties, growing prevalence of such conditions is projected to favor the growth in the North America market.
Why is the Demand for Phenylalanine in the East Asia Market Rising at Robust Pace?
East Asia is expected to emerge as a highly remunerative market for phenylalanine from 2022 to 2032, reveals Future Market Insights.
Demand for phenylalanine is rapidly increasing across the personal care and cosmetics industry, on account of its ability to increase melanin production, brighten skin tone, and reduce aging symptoms. Attributed to this, it is extensively being used in the production of face creams, moisturizers, anti-aging serums, eye treatments, sunscreens, and others.
Hence, increasing sales of above-mentioned products across the countries such as China, Japan, and South Korea, driven by the rising emphasis on enhancing facial aesthetics, is anticipated to augment the demand in the East Asia market.
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Market Competition
Some of the leading players in the phenylalanine market are Ajinomoto, Daesang, KYOWA, Evonik, Amino GmbH, Maidan Group, Livzon Group, Sino Sweet, Bafeng Pharmaceutical, Jinghai Amino acid, JIRONG PHARM, Jiahe Biotech, Siwei Amino Acid, Xiyue Pharmaceuticals, Dongchen Bio Engineering, and others.
Prominent players in the global phenylalanine market are focusing on production capacity expansion and merger & acquisition to increasing their share in the highly competitive market.
Report Scope
Report Attribute
Details
Growth Rate
CAGR of 3% to 4% from 2022 to 2032
Base Year for Estimation
2021
Historical Data
2015-2020
Forecast Period
2022-2032
Quantitative Units
Revenue in USD Million, Volume in Kilotons and CAGR from 2022-2032
Report Coverage
Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered
Form
Grade
End Use Industry
Region
Countries Covered
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Key Companies Profiled
Ajinomoto
Daesang
KYOWA
Evonik
Amino Gmbh
Maidan Group
Livzon Group
Sino Sweet
Bafeng Pharmaceutical
Jinghai Amino acid
JIRONG PHARM
Jiahe Biotech
Siwei Amino Acid
Xiyue Pharmaceuticals
Dongchen Bio Engineering
Others
Customization
Available Upon Request
Key Segments Profiled in the Phenylalanine Market Survey
By Form:
D-Phenylalanine
L-Phenylalanine
DL-Phenylalanine
By Grade:
Food Grade
Pharmaceutical Grade
Nutritional Grade
Cosmetic Grade
By End Use Industry:
Food & Beverage
Medical
Animal Feed
Dietary Supplements
Cosmetics & Creams
Others
By Region:
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
Frequently Asked Questions
What is the sales forecast for phenylalanine in the global market until 2032?
FMI projects the sales of phenylalanine in the market is expected to rise at 3% to 4% value CAGR by 2032.
Which region is forecast to be the most lucrative for phenylalanine market growth?
The global phenylalanine market is anticipated to be dominated by North America over the forecast period 2022-2032.
Which are some leading phenylalanine manufacturers?
Ajinomoto, Daesang, KYOWA, Evonik, Amino GmbH, Maidan Group, Livzon Group, Sino Sweet, Bafeng Pharmaceutical, Jinghai Amino acid, JIRONG PHARM, Jiahe Biotech, Siwei Amino Acid, Xiyue Pharmaceuticals, Dongchen Bio Engineering, and others some of the leading players in the global phenylalanine market.
