Aspartic Acid Market Size, Share & Trends Analysis Report By Product (L-Aspartic Acid, D-Aspartic Acid, DL- Aspartic Acid), By Application, By Region And Segment Forecasts, 2024 - 2030

PUBLISHED: August 5, 2024

PAGES: 120 Pages

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Description

Aspartic Acid Market Growth & Trends:

The global aspartic acid market size is expected to reach USD 168.0 million by 2030, registering to grow at a CAGR of 6.7% from 2024 to 2030 according to a new report by Grand View Research, Inc. Increasing aspartame demand in the form of artificial sweetener from the food & beverages industry is expected to remain a key driving factor for the global market. A shift in trend towards convenience food & beverage consumption globally is also expected to have a positive influence on market growth over the forecast period. The high cost of major raw materials such as fumaric acid is expected to remain a key challenge for market participants.

Polyaspartic acid was the largest application segment and accounted for 22.6% of the total market volume in 2014. Increasing demand for polyaspartic acid in the form of biodegradable polymer for replacing polyacrylic acid from major end-use industries such as agriculture, water treatment systems, and petrochemical industry is expected to drive this segment. Polyaspartic acid was closely followed by aspartame which emerged as the second-largest application segment for aspartic acid. Medical is expected to witness the highest growth of 6.2% from 2015 to 2022.

Aspartic Acid Market Report Highlights:

Global aspartic acid market demand was USD 107.7 million in 2023 and is expected to reach 168.0 million by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
North America emerged as the largest regional market and accounted for 41.25% of total market volume in 2023. The presence of sophisticated healthcare infrastructure in the U.S. coupled with increasing artificial sweetener on account of growing consumer awareness is expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to register the highest growth from 2024 to 2030. China was the leading aspartic acid consumer in Asia Pacific. Increasing sweeteners demand from carbonated beverages particularly in India and China is expected to drive the regional market over the forecast period.
The global aspartic acid market is highly fragmented with a large number of small companies dominating the market. However, there is a presence of some large multinational corporations. Some of the major companies operating in the global market include Ajinomoto Co. Inc, Royal DSM, Flexible Solutions Inc., Iris Biotech GmbH, Prinova Inc Evonik Industries, Anaspec Inc, Changzhou Yabang Chemical Co. Ltd., Yantai Hengyuan Bioengineering Co. Ltd., Kyowa Hakko Kogyo Co, and Nanjing Libang Chemical Co. Lt

Product Code: 978-1-68038-388-1

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Aspartic Acid Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Aspartic Acid Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Aspartic Acid Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Aspartic Acid Market: Product Movement Analysis, USD Million, 2023 & 2030, (Volume in Kilotons)
4.3. L-Aspartic Acid
- 4.3.1. L-Aspartic Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
4.4. D-Aspartic Acid
- 4.4.1. D-Aspartic Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
4.5. DL-Aspartic Acid
- 4.5.1. DL-Aspartic Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)

Chapter 5. Aspartic Acid Market: Application Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Aspartic Acid Market: Application Movement Analysis, USD Million, 2023 & 2030
5.3. Feed Supplements
- 5.3.1. Feed Supplements Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
5.4. Medicine
- 5.4.1. MedicineMarket Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
5.5. Polyaspartic Acid
- 5.5.1. Polyaspartic Acid Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
5.6. Aspartame
- 5.6.1. Aspartame Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)

Chapter 6. Aspartic Acid Market: Regional Estimates & Trend Analysis

6.1. Aspartic Acid Market Share, By Region, 2023 & 2030, USD Million, Volume in Kilotons
6.2. North America
- 6.2.1. North America Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.2.2. U.S.
  - 6.2.2.1. U.S. Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.2.3. Canada
  - 6.2.3.1. Canada Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.2.4. Mexico
  - 6.2.4.1. Mexico Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
6.3. Europe
- 6.3.1. Europe Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.3.2. U.K.
  - 6.3.2.1. U.K. Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.3.3. Germany
  - 6.3.3.1. Germany Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.3.4. France
  - 6.3.4.1. France Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
6.4. Asia Pacific
- 6.4.1. Asia Pacific Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.4.2. China
  - 6.4.2.1. China Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.4.3. Japan
  - 6.4.3.1. Japan Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.4.4. India
  - 6.4.4.1. India Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.4.5. South Korea
  - 6.4.5.1. South Korea Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.4.6. Australia
  - 6.4.6.1. Australia Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
6.5. Latin America
- 6.5.1. Latin America Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.5.2. Brazil
  - 6.5.2.1. Brazil Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.6.2. Saudi Arabia
  - 6.6.2.1. Saudi Arabia Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.6.3. UAE
  - 6.6.3.1. UAE Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)
- 6.6.4. South Africa
  - 6.6.4.1. South Africa Aspartic Acid Market Estimates and Forecasts, 2018 - 2030 (USD Million), (Volume in Kilotons)

Chapter 7. Competitive Landscape

7.1. Recent Developments & Impact Analysis by Key Market Participants
7.2. Company Categorization
7.3. Company Heat Map Analysis
7.4. Company Profiles
- 7.4.1. AJINOMOTO CO., INC.
  - 7.4.1.1. Participant's Overview
  - 7.4.1.2. Financial Performance
  - 7.4.1.3. Product Benchmarking
  - 7.4.1.4. Recent Developments/ Strategic Initiatives
- 7.4.2. Evonik Industries AG
  - 7.4.2.1. Participant's Overview
  - 7.4.2.2. Financial Performance
  - 7.4.2.3. Product Benchmarking
  - 7.4.2.4. Recent Developments/ Strategic Initiatives
- 7.4.3. Prinova Group LLC.
  - 7.4.3.1. Participant's Overview
  - 7.4.3.2. Financial Performance
  - 7.4.3.3. Product Benchmarking
  - 7.4.3.4. Recent Developments/ Strategic Initiatives
- 7.4.4. Iris Biotech GmbH
  - 7.4.4.1. Participant's Overview
  - 7.4.4.2. Financial Performance
  - 7.4.4.3. Product Benchmarking
  - 7.4.4.4. Recent Developments/ Strategic Initiatives
- 7.4.5. AnaSpec, Inc.
  - 7.4.5.1. Participant's Overview
  - 7.4.5.2. Financial Performance
  - 7.4.5.3. Product Benchmarking
  - 7.4.5.4. Recent Developments/ Strategic Initiatives
- 7.4.6. ChemPep Inc.
  - 7.4.6.1. Participant's Overview
  - 7.4.6.2. Financial Performance
  - 7.4.6.3. Product Benchmarking
  - 7.4.6.4. Recent Developments/ Strategic Initiatives
- 7.4.7. KYOWA HAKKO BIO CO., LTD.
  - 7.4.7.1. Participant's Overview
  - 7.4.7.2. Financial Performance
  - 7.4.7.3. Product Benchmarking
  - 7.4.7.4. Recent Developments/ Strategic Initiatives
- 7.4.8. Tocris Bioscience
  - 7.4.8.1. Participant's Overview
  - 7.4.8.2. Financial Performance
  - 7.4.8.3. Product Benchmarking
  - 7.4.8.4. Recent Developments/ Strategic Initiatives
- 7.4.9. Flexible Solutions Inc
  - 7.4.9.1. Participant's Overview
  - 7.4.9.2. Financial Performance
  - 7.4.9.3. Product Benchmarking
  - 7.4.9.4. Recent Developments/ Strategic Initiatives
- 7.4.10. Yantai Hengyuan Bioengineering Co. Ltd.
  - 7.4.10.1. Participant's Overview
  - 7.4.10.2. Financial Performance
  - 7.4.10.3. Product Benchmarking
  - 7.4.10.4. Recent Developments/ Strategic Initiatives