The global asparagine market is projected to grow at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2032. Revenue is expected to increase from USD 11.5 billion in 2022 to USD 15.3 billion by 2032.
Asparagine, a non-essential amino acid, is naturally found in various foods such as dairy products, meats, eggs, fish, vegetables like asparagus and potatoes, legumes, seeds, nuts, soy, and grains. It serves as a crucial raw material utilized in the synthesis of organic chemicals, pharmaceuticals, and agrochemicals. In the global market, asparagine is available in two forms: asparagine monohydrate and asparagine anhydrous.
Asparagine is employed in cosmetics and personal care products for its roles as a hair conditioner, skin conditioner, fragrance component, and masking agent. Beyond these uses, it serves as a food additive in the food and beverage industry, particularly in Asian countries, to achieve specific physical, nutritional, and technical effects. Additionally, asparagine is utilized in cell culture media and is currently being investigated for its potential anti-cancer properties and possible application as a chemotherapy drug.
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Flourishing and Continuously Adapting Food and Beverage Industry is Creating New and Innovative Opportunities for Asparagine in the Global Market
The global asparagine market is mainly driven by use of the cosmetics and personal care products. Cosmetics and personal care products are consumed widely in Western countries, such as the U.S., Canada, U.K., Germany, Australia, etc. The use of cosmetics and personal care products is also increasing in Asian and Middle Eastern and African countries at a rapid rate. This increasing demand for cosmetics and personal care products is driving the demand for asparagine and create a positive outlook in the global asparagine market.
Asparagine plays an important role in the metabolic control of cell functions in the brain tissues and nerve cells since it is one of the critical compounds for the production of proteins, enzymes, and muscle tissues. The supplements of the asparagine are claimed to balance the nervous systems. Asparagine is also an important diuretic and used in the treatment of rheumatism, premenstrual water, and swelling. The popularity of health supplements and dietary supplements is increasing the demand for various supplements, given the numerous health benefits from the consumption. The global market of asparagine is driven by the significant use in the health supplements.
Asparagine market is also propelled by the application of asparagine in the food products. In the food and beverage industry, asparagine is used as a food additive. The use of asparagine as a food additive is predominantly observed in Japan. The increasing consumption of processed food and beverage products around the globe is creating a high demand for preservative and food additives in the market. This eventually creates increased opportunity for the asparagine as a food additive and drives the global asparagine market.
Asparagine Market: Regional Analysis
At present, North American and European regions are occupying a majority of the share in the global asparagine market. The massive consumption of health and dietary supplements in these regions as compared to the rest of the world is resulting in the high consumption of asparagine in the North American and European region. The Asia Pacific is anticipated to witness the highest growth rate in the global market share of the asparagine. The increasing GDP, increasing middle-class population and increase in the income of the middle-class populace is resulting in the increasing purchasing power of the customers. This increase in purchasing power is resulting in the increasing demand for consumer products, which is creating a positive outlook in the global asparagine market
Asparagine Market: Key Participants
Some of the market participants in the Asparagine market 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
- Amino GmbH
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Key Segments Profiled in the Asparagine Market Survey
By Form:
- Asparagine Monohydrate
- Asparagine Anhydrous
By End Use:
- Food and Beverages
- Pharmaceutical
- Cosmetics and Personal Care
- Dietary Supplements
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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