[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
