The global tryptophan market is anticipated to soar at a record-breaking compound annual growth rate (CAGR) of 13.9% between 2022 and 2032, rising from US$540.5 million in revenue by 2022 to US$1.986 billion by 2032.
Among the Important Elements Tryptophan demand is expected to accelerate between 2022 and 2032 as a result of growing consumer awareness of the nutritional advantages of various food additives, tryptophan among them.
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An essential amino acid called tryptophan can be found in good amounts in pumpkin seeds. In addition, spirulina, spinach, dates, pork, crab, eggs, salmon, bananas, and oats are foods high in tryptophan.To make the required neurotransmitter serotonin, the body needs tryptophan. Melatonin, which regulates sleep cycles and the circadian rhythm, is produced by the body from serotonin.
Tryptophan is widely used in the animal feed industry in addition to the food and beverage, clinical nutrition, and dietary supplement industries. These days, the most popular synthetic technique for producing tryptophan on the market is fermentation.
Increasing Health Consciousness around the Globe is Producing Positive Scenario in the Global Tryptophan Market
Global tryptophan market is majorly driven by the substantial increase in the consumption of animal feed ingredients. Supplementing the feed of the livestock with tryptophan enhances feed intake of the animals such as piglets, since the production of serotonin is increased that affects the appetite of the livestock. By improving the digestive capability of the animals, reduction in the frequency and severity of poor gut health and bacterial proliferation is observed.
With the increased performance and body weight gain of the weaned pigs or other animal in short period of time, lower feed consumption with high profit in commercial livestock production is gained. Tryptophan demand in the global market is increasing due to the excellent results observed with the supplementing feed with it.
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Tryptophan Market: Key Participants
Some of the market participants in the tryptophan market are:
- Ajinomoto Group
- Cargill Inc.
- CJ CheilJedang Corporation
- Kyowa Hakko Bio Co., Ltd.
- Penta Manufacturing Company
- Daesang Corporation
- ADM Company
- Evonik
- Novus International
- Glanbia Plc
Tryptophan Market Segmentation
The tryptophan market can be segmented on the basis of grade and end use.
On the basis of grade, the tryptophan market can be segmented as:
- Food Grade
- Feed Grade
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On the basis of end use, the tryptophan market can be segmented as:
- Food and Beverage
- Animal Feed
- Dietary Supplements
- Cosmetics and Personal Care
- Pharmaceutical
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
Middle East and Africa
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