L-Serine Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1785
L-Serine Market size is anticipating noticeable growth during next seven years. The acid is formed from amino acid, known as glycine and is important for both mental and physical health. It ensures efficient functionality of the brain and central nervous system. It is a form of acid used in protein synthesis and readily assimilated by the digestive system. It has applications in pharmaceutical, cosmetic, foods and beverages and agriculture industry.
Growing food & beverage industry with over 10% CAGR in next five years is projected to propel l-serine market. The compound is used widely as nutritional supplement in food production to provide essential amino acids. It is consumed in beverages such as sports drink and amino acid diet drinks to provide nutrition. Positive outlook of food & beverage industry will boost l-serine market.
Pharmaceutical industry is anticipated to depict above 5% CAGR in near future and is expected to drive the l-serine market. The acid is widely consumed pharmaceutical products in compound amino acid infusion, nutritional supplements and in medicine formulation of amino acid derivatives. It is widely used to cure chronic fatigue syndrome. Increasing health issues among population is rising the demand for medicines that is positively influencing the l-serine market.
Supply chain of the product initiates from laboratory. It is a chemical formulation manufactured in various grades and for diverse applications. Manufacturing process involves fermentation of enzymes followed by bioconversion and purification. The compound is then packed and distributed to various locations for different usage.
L-serine market faces several challenges that include its side effects on human body. The acid has side effects that include chronic diarrhea, constipation, stomach discomfort and frequent urination. With the growing consumer awareness regarding the medicines and its side effects the l-serine market is facing challenges and the growth is hampered. The other reason due to which the consumers stopped taking the acid is because they did not feel the medicine is treating the problem properly.
L-serine market is segmented on the basis of its usage in various industries such as food and beverage, pharmaceuticals, cosmetic, agriculture, animal feed and organic chemicals. They are widely used as nutrition supplements in food products, sports drink, medicines manufacturing amino acids and its derivatives, natural moisturizing factor in cosmetic and feed additive to enhance nutrition in animals and agriculture feed.
North America, followed by US is world’s most important pharmaceutical industry. Increasing pharmaceutical industry in the region will surge its l-serine market in the forecast time frame.
MEA will witness a noticeable growth up to 2024. It is world’s fastest growing beauty industry in the next five years and is expecting over 2.5% growth a year. The acid is widely used in cosmetic products as a natural moisturizing agent. Upsurge in cosmetic industry in the country will accelerate its l-serine market.
Asia Pacific headed by China and India is expecting sustainable growth in the market owing to their production of food products. The acid is commonly used in food supplements for providing nutrition. Rising demand of food and beverages in these countries, will become a major factor and the region will contribute in the growth of the product.
Prominent producers in l-serine market are Ajinomoto, Amino, Evonik, Mitsui Chemicals, Kyowa Hakka Bio, Bafeng Pharmaceuticals and Chemicals, Jiahe Biotech, Puyer, Huayang Chemical and Tianan Pharmaceuticals. The companies are focusing on research and development to curb the side effects of acid on human body. Evonik industries has developed a new process for enzymatic synthesis of the amino acid. Company has increased its capacity at the nanning sites (China). It has expanded its production capacities for producing the acid in all forms while being fully backward integrated.
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