Aspartic Acid Market size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI2188
Aspartic Acid Market size may have positive growth in future owing to growing application scope as artificial sweetener, medicine and biodegradable polymer.
It is also known as aspartate and main acid source is oat flakes, lentil, sugarcane, chickpeas, soya beans, asparagus, oyster, sausage meat and dietary supplements. It is available in two form D-aspartic and L-aspartic acid. D-aspartic acid is available in nature, whereas L-aspartic acid used in industry is directly incorporated into proteins. Aspartic acid is an alpha amino acid used in protein biosynthesis. It contains carboxylic acid and alpha amino group protonated in –NH+ form.
Aspartic acid is produced in human body via protein extraction, chemical synthesis, enzymatic conversion and fermentation of food. It is available in substantial quantity in brain and helps in enhancing neurological activity. Potassium, magnesium and calcium aspartate helps in food digestion and assimilation.
Aspartate acts as artificial sweetener in powdered drink mix, jams, jellies, chocolates, candies, dairy products and beverages. Global packaged food industry was valued over USD 2.6 trillion in 2016. Shift in consumer preference towards low-calorie food items along with prevailing health issues such as obesity and diabetes has triggered artificial sweetener demand. Increasing artificial sweetener application scope in packaged food is may drive aspartic acid demand.
Aspartic acid strong application in medical science to cure various human ailments. Pharmaceutical industry was valued at over USD 650 million in 2016. L-aspartate generates cellular energy to treat depression, fatigue and promotes robust metabolism. Aspartate based medicine increases nicotinamide adenine dinucleotide (NADH) molecules and keeps brain sharper. It also removes excess ammonia from nervous system & liver and improves proper human body function. Alpha amino acids promote RNA & DNA formation by generating antibodies & immunoglobulin thereby builds body immune system.
D-aspartic acid boosts testosterone levels which improves protein production and lean muscle mass development. Testosterone promotes muscle tissue breakdown and reduces abdominal fat. Global dietary supplement market was valued at over USD 125 billion in 2016 owing to increasing geriatric population along with rising health and wellness products demand to maintain better health routines. Sports supplements are consumed to enhance health & fitness, muscle growth and athletic performance. Growing high protein energy drink consumption along with availability of various nutritional products manufacturers may favour dietary supplements product demand thereby driving aspartic acid market size.
Poly-aspartic acid is used as chelating agent and prevents corrosion problem. The chelating agent prevents calcium carbonate, calcium sulphate, magnesium carbonate, magnesium sulphate and calcium phosphate deposition. It inhibits scale formation in cooling tower, improves cooling capacity and maintains electricity consumption. Similarly, it avoids scaling & salt deposition in heat exchanger and boiler thereby improving their heating efficiency. The reverse osmosis membrane in desalination plants are protected from calcium & magnesium scaling in turn increases membrane life and maintain energy utilisation.
Poly-aspartate acts as super swelling material thus used in female hygiene product and child diaper. These polymers are environment friendly and biodegradable making them easy and simple to dispose. Strict regulations pertaining to polymer material disposal may propel aspartic acid demand.
North America, driven by Canada and the U.S. aspartic acid market size may grow significantly owing to shift in consumer preference from traditional sugar consumption to artificial sweeteners in packaged food & beverage industry. Rise in convenience food and sports supplement consumption may drive regional market.
Europe driven by UK, France & Germany aspartic acid market may experience significant gains. Increase in RTE food demand, rise in energy drink consumption and growing health concerns regarding diseases such as diabetics and cancer has driven artificial sweetener market. Rise in working women population along with growing health concern has surged female hygiene products demand thereby driving regional growth.
Asia Pacific led by Japan, India, and China aspartic acid market accounts for maximum market share and may witness steady growth. Increasing foreign investment in energy generation sector has positive impact on boiler, heat exchanger and cooling tower along with government initiatives may favour product demand in this region. Rise in consumer health consciousness along with increasing economic standards mainly in China & India is likely to increase artificial sweetener and health supplement demand thereby stimulating regional growth. India has accounted for maximum diabetic patients which may boost aspartic acid demand in artificial sweetener application.
Global aspartic acid market share is fragmented. Major industry participants in this market are Prinova Group, Tocris Bioscience, Ajinomoto Co., Biotech GmbH and Chem Pep.
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