New research on serine amino acids has been published based on a detailed market analysis conducted by FMI. Market analysts predict that the global serine amino acid market size is expected to reach USD 150.3 million by 2024.The growth rate of the serine amino acid market is expected to reach 7.2% between 2024 and 2034 for the serine amino acid market. The market is projected to be valued at about USD 302 million by 2034.
The serine amino acid players are focusing on sustainable sourcing and the production of serine amino acids. This also aligns with the increasing concerns about the environment and resource scarcity. Players are using renewable energy-powered fermentation and bioreactors to reduce the environmental impact of production.
Attributes | Key Insights |
---|---|
Serine Amino Acid Market Size in 2024 | USD 150.3 million |
Projected Market Value in 2034 | USD 302 million |
Value-based CAGR from 2024 to 2034 | 7.2% |
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Technology progressions like digital transformation have made a significant impact on the industry's output and innovation. The increasing use of innovative analytical techniques to ensure the purity and quality of serine is expected to drive product demand.
Creating a digital economy and fostering new growth avenues has allowed companies to remain viable in ever-changing markets. The serine amino acid market recorded a CAGR of 8.9% between 2019 and 2023.
Agricultural, energy, and health development have been supported by technological change. Due to technological advancements, current technologies have become more accessible and useful. The increased accessibility of technology has made the advances rapid and product adoption widespread.
The emergence of adaptive technologies, biotechnology, nanotechnology, robotics, information technology, and cognitive technologies is expected to fuel technology advancement. Self-regulating systems in the medical field are expected to be developed and widely used as part of this development. The projections indicate that the CAGR will reach 7.2% between 2024 and 2034.
Historical CAGR from 2019 to 2023 | 8.9% |
---|---|
Serine Amino Acid Market Forecast CAGR from 2024 to 2034 | 7.2% |
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Growth is anticipated in South Korea, Japan, China, the United Kingdom, and the United States. The impact of rising demand for bio-based products on the serine market is expected to accelerate in various countries.
Countries | Forecast CAGRs from 2024 to 2034 |
---|---|
The United States | 7.6% |
United Kingdom | 8.4% |
China | 7.9% |
Japan | 8.9% |
South Korea | 9.3% |
Due to its ability to promote cognitive health and potentially treat neurological disorders, serine is becoming increasingly popular in the dietary supplement sector. In the aging population, cognitive function and memory support are particularly prevalent. Market analysts predict a 7.6% CAGR for the market over the next few decades.
A number of pharmaceutical companies in the United States are actively developing serine-containing drugs to treat diseases such as Alzheimer's, Parkinson's, and depression. As a result of serine's important role in the production of neurotransmitters and signal generation within cells, it is of great value in these treatments.
The market for serine amino acids has increased significantly in the United Kingdom as a result of increasing awareness about the health benefits associated with serine supplementation.
Government funding for research on the potential health benefits of serine supplementation to drive the market. A growing number of consumers are turning to dietary supplements with serine as a primary component in order to improve their cognitive health.
For the Food Standards Agency (FSA) to maintain consumer confidence and support the growth of the market, it is imperative to set and enforce rigorous regulations for serine amino acid products. Forecasts predict a CAGR of 8.4% for the industry over the next ten years.
As the pharmaceutical and healthcare sectors expand in China, disposable income is rising, and consumers are becoming more health and wellness conscious, the serine amino acid market is growing strongly.
Serine amino acids are significantly used in pharmaceutical formulations to create medicines to treat disorders of neurology, metabolism, and skin.
International trade policies and tariffs are affecting the import/export of serine and raw materials in the nation. Consumers in China trust the product as players are bound by the stringent regulatory frameworks, which ensures product quality and safety. The China market is projected to expand at a robust 7.9% CAGR over the forecast period.
Japan leads the global market share of serine amino acids. Amino acid markets in Japan are expected to increase because consumer spending is increasing, healthy lifestyles are gaining traction, and pharmaceutical, nutraceutical, personal care, and cosmetic industries are expanding.
A growing production of amino acids, including serine, and a growing export of feed additives from Japan is expected to propel the development of the amino acids market in Japan. The market CAGR is expected to be 8.9% from 2024 to 2034.
In South Korea, the serine animo acid market players are governed by government policies and strategies, introduced for the growth of the green economy in the nation. These include the National Strategy for Green Growth and the Five-Year Plan. With regard to environmental sustainability, efforts are being made to improve the water quality, aquatic biodiversity, and biomass production.
A CAGR of 9.3% is predicted for the South Korean serine amino acid market. South Korea's health and pharmaceutical industries rely heavily on serine production. The Daegu, South Korea-based Astrogen Inc. is developing AST-001, an L-isomer of serine, to treat kids with autism spectrum disorder (ASD). AST-001 contains L-serine, an essential amino acid that can be synthesized in the body and ingested through diet.
Here are a few leading characteristics of each market segment. Researchers may discover further therapeutic uses for L-serine in the future. Other uses of the product, including enhancement of cognitive functioning or improvement of athletic performance, are also being explored by researchers.
Moreover, with the advancement of biotechnology and pharma sectors, L-serine-based therapies can also be developed with enhanced efficacy and reduced side effects. Based on type, the L-Serine market is anticipated to grow at a CAGR of 7.5% during the forecast period.
Research is still going on regarding the health benefits of serin. Due to this, the supplement formulations continue to improve. As additional scientific data is becoming known about the role of serine in human health, more and more consumers are expected to demand products that contain serine. The dietary supplements segment is projected to grow at a CAGR of 6.8% over the forecast period.
Category | CAGR From 2024 to 2034 |
---|---|
L-serine | 7% |
Dietary Supplements | 6.8% |
Inflammatory conditions such as obesity linked to aging could be alleviated by taking L-serine. The market revenue for L-Serine accounted for 41% of the total market share in 2023.
The use of L-serine as a neurodegenerative preventative has been studied in early-stage Alzheimer's patients. In addition to helping to synthesize phosphatidylserine, it maintains healthy levels of phosphatidylserine in brain cell membranes.
Studies have revealed that L-serine has the potential to reduce brain inflammation. Its potential effects on schizophrenia and other neurologic disorders are currently being investigated.
Consumers are far more aware today of health issues and how they can maintain their well-being than they were some years ago. For the brain and nervous system to function properly, various physiological processes, such as proteins, neurotransmitters, and phospholipids, require serine.
Therefore, with increasing health awareness, the demand for serine supplements is also expected to increase. Dietary supplements held 38% of the market share in 2023.
Apart from the regulation of mood and management of stress, serine plays a very important role in the production of neurotransmitters like dopamine and serotonin.
Due to strenuous exercises, more amounts of serine are produced within the body that uses energy in the form of creatine. Taking serine supplements helps sportspeople and gym enthusiasts to remain energized and alert all the time by maintaining energy levels, improving muscle functions, and quickly recover from exercise fatigue.
Health and wellness products, including serine supplements, maybe the focus of smaller companies and niche brands. Leading serine amino acid manufacturers that make supplements containing serine, especially one that offers a variety of products, are likely to be successful.
Recent mergers and acquisitions in the market are expected to lead to an expansion of the market. Leading players in the serine amino acid market include:
Key Market Developments
Attributes | Details |
---|---|
Estimated Market Size in 2024 | USD 150.3 million |
Projected Market Valuation in 2034 | USD 302 million |
Value-based CAGR 2024 to 2034 | 7.2% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
Market Analysis | Value in USD million |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East and Africa |
Key Market Segments Covered | Type, Application, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel |
Key Companies Profiled | Tokyo Chemical Industry Co., Ltd; Thermo Fisher Scientific India Pvt. Ltd.; Merck KGaA; Kyowa Hakko Bio Co. Ltd; Evonik Industries AG; Ajinomoto Co., Inc.; Sichuan Tongsheng Amino acid Co. Ltd; Lipotec S.A.U.; Bioven Ingredients; Mitsui Chemicals |
A market worth USD 150.3 million for serine amino acids is predicted for 2024.
In 2034, the serine amino acid market will reach USD 302 million.
A 7.2% CAGR is forecast for the serine amino acid market between 2024 and 2034.
L-serine is forecast to expand at a CAGR of 7% from 2024 to 2034.
By 2034, South Korea will lead the serine amino acid market with a 9.3% CAGR.
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