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.
| Report Attribute | Details |
|---|---|
| Phenylalanine Market Base Year Value (2021) | US$ 660 Million |
| Phenylalanine Market Expected Value (2022) | US$ 675 Million |
| Phenylalanine Market Anticipated Value (2032) | US$ 850 Million |
| Phenylalanine Market Projected Growth Rate (2022 to 2032) | 3% to 4% CAGR |
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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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.
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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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.
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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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 Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3% to 4% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons 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, 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 |
FMI projects the sales of phenylalanine in the market is expected to rise at 3% to 4% value CAGR by 2032.
The global phenylalanine market is anticipated to be dominated by North America over the forecast period 2022-2032.
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.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. By Form 6.2. By Grade 6.3. By End Use Industry 7. Global Market Analysis and Forecast, By Form 7.1. D-Phenylalanine 7.2. L-Phenylalanine 7.3. DL-Phenylalanine 8. Global Market Analysis and Forecast, By Grade 8.1. Food Grade 8.2. Pharmaceutical Grade 8.3. Nutritional Grade 8.4. Cosmetic Grade 9. Global Market Analysis and Forecast, By End Use Industry 9.1. Food & Beverage 9.2. Medical 9.3. Animal Feed 9.4. Dietary Supplements 9.5. Cosmetics & Creams 9.6. Others 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. East Asia 10.5. South Asia 10.6. Oceania 10.7. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Europe Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. South Asia Sales Analysis and Forecast, by Key Segments and Countries 16. Oceania Sales Analysis and Forecast, by Key Segments and Countries 17. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 18. Sales Forecast by Form, By Grade, and By End Use Industry for 30 Countries 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 20. Company Profile 20.1. Ajinomoto 20.2. Daesang 20.3. KYOWA 20.4. Evonik 20.5. Amino Gmbh 20.6. Maidan Group 20.7. Livzon Group 20.8. Sino Sweet 20.9. Bafeng Pharmaceutical 20.10. Jinghai Amino acid 20.11. JIRONG PHARM 20.12. Jiahe Biotech 20.13. Siwei Amino Acid 20.14. Xiyue Pharmaceuticals 20.15. Dongchen Bio Engineering
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Phenylalanine Market
