Aspartic acid is an amino acid that serves as a building block for the production of protein in the human body. As a generic acid, aspartic acid is important for preserving protein solubility and ionic character. D-aspartic acid, for example, is not used to create protein but is required for other bodily activities. Aspartic acid is often utilized to enhance athletic performance, decrease fatigue, and increase muscle size and strength. Aspartic acid is utilized in the production of aspartame, which is a non-saccharide sweetener. Baking items, beverages, cereals, fruit-based products, and syrups all include aspartame. Polyaspartic acid is manufactured using aspartic acid as a key raw material. Water treatment systems, agriculture and forestry, petroleum exploitation, and detergents are all examples of polyaspartic acid applications.
The "Global Aspartic acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the aspartic acid market with detailed market segmentation by application and geography. The report provides key statistics on the market status of the leading aspartic acid market players and offers key trends and opportunities in the market.
On the basis of application, the market is segmented into food and beverages, pharmaceuticals, and others.
MARKET DYNAMICS Drivers:
Due to reasons such as a growing focus on the manufacture of low-calorie meals, diet carbonated soft drinks, and sugar replacements, the aspartic acid industry has seen tremendous expansion.
Furthermore, over the projected period, the increased use of aspartic acid in sports nutritional products presents a substantial potential for key competitors in the aspartic acid market
The global market is likely to be driven by rising aspartame demand in the form of artificial sweetener from the food and beverage industries.
Moreover, the market is expected to grow due to rising demand for polyaspartic acid in the form of biodegradable polymer in major end-use industries such as agriculture, water treatment systems, and the petrochemical industry.
However, the potential adverse effects of high aspartic acid consumption are expected to hinder the market's overall growth.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The aspartic acid market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the aspartic acid market in these regions.
IMPACT OF COVID-19 ON ASPARTIC ACID MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. However, due to growing recovery rates of patients across the globe and rising vaccination rates, businesses across the globe are expected to start their operations soon which will positive impact on the market growth in the coming years.
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The report covers key developments in the aspartic acid market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Aspartic acid market are anticipated to lucrative growth opportunities in the future with the rising demand for aspartic acid in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the aspartic acid market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
Ajinomoto Co. Inc.
Flexible Solutions Inc
Yantai Hengyuan Bioengineering Co. Ltd.
Iris Biotech GmbH
Changzhou Yabang Chemical Co. Ltd
Nanjing Libang Chemical Co. Ltd.
Kyowa Hakko Kogyo Co.
Changmao Biochemical Engineering Co. Ltd.
Tocris Bioscience Co.
Tokyo Chemical Industry Co. Ltd.
Dongying Leadbond Chemical Co.
Taiyuan Qiaoyou Chemical
Langen Suzhou Co. Ltd.
Anhui Huaheng Biotechnology Co.
SENOVA Technology Co., Ltd.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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TABLE OF CONTENTS
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Aspartic Acid Market - By Application
1.3.2 Aspartic Acid Market - By Region
188.8.131.52 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ASPARTIC ACID MARKET LANDSCAPE
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. EXPERT OPINIONS
6. ASPARTIC ACID MARKET - GLOBAL MARKET ANALYSIS
6.1. ASPARTIC ACID - GLOBAL MARKET OVERVIEW
6.2. ASPARTIC ACID - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ASPARTIC ACID MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. FOOD AND BEVERAGES
7.3.2. Food and Beverages Market Forecast and Analysis
7.4.2. Pharmaceutical Market Forecast and Analysis
7.5.2. Others Market Forecast and Analysis
8. ASPARTIC ACID MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Aspartic Acid Market Overview
8.1.2 North America Aspartic Acid Market Forecasts and Analysis
8.1.3 North America Aspartic Acid Market Forecasts and Analysis - By Application
8.1.4 North America Aspartic Acid Market Forecasts and Analysis - By Countries
184.108.40.206 United States Aspartic Acid Market
220.127.116.11.1 United States Aspartic Acid Market by Application
18.104.22.168 Canada Aspartic Acid Market
22.214.171.124.1 Canada Aspartic Acid Market by Application
126.96.36.199 Mexico Aspartic Acid Market
188.8.131.52.1 Mexico Aspartic Acid Market by Application
8.2.1 Europe Aspartic Acid Market Overview
8.2.2 Europe Aspartic Acid Market Forecasts and Analysis
8.2.3 Europe Aspartic Acid Market Forecasts and Analysis - By Application
8.2.4 Europe Aspartic Acid Market Forecasts and Analysis - By Countries
184.108.40.206 Germany Aspartic Acid Market
220.127.116.11.1 Germany Aspartic Acid Market by Application
18.104.22.168 France Aspartic Acid Market
22.214.171.124.1 France Aspartic Acid Market by Application
126.96.36.199 Italy Aspartic Acid Market
188.8.131.52.1 Italy Aspartic Acid Market by Application
184.108.40.206 United Kingdom Aspartic Acid Market
220.127.116.11.1 United Kingdom Aspartic Acid Market by Application
18.104.22.168 Russia Aspartic Acid Market
22.214.171.124.1 Russia Aspartic Acid Market by Application
126.96.36.199 Rest of Europe Aspartic Acid Market
188.8.131.52.1 Rest of Europe Aspartic Acid Market by Application
8.3.1 Asia-Pacific Aspartic Acid Market Overview
8.3.2 Asia-Pacific Aspartic Acid Market Forecasts and Analysis
8.3.3 Asia-Pacific Aspartic Acid Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Aspartic Acid Market Forecasts and Analysis - By Countries
184.108.40.206 Australia Aspartic Acid Market
220.127.116.11.1 Australia Aspartic Acid Market by Application
18.104.22.168 China Aspartic Acid Market
22.214.171.124.1 China Aspartic Acid Market by Application
126.96.36.199 India Aspartic Acid Market
188.8.131.52.1 India Aspartic Acid Market by Application
184.108.40.206 Japan Aspartic Acid Market
220.127.116.11.1 Japan Aspartic Acid Market by Application
18.104.22.168 South Korea Aspartic Acid Market
22.214.171.124.1 South Korea Aspartic Acid Market by Application
126.96.36.199 Rest of Asia-Pacific Aspartic Acid Market
188.8.131.52.1 Rest of Asia-Pacific Aspartic Acid Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Aspartic Acid Market Overview
8.4.2 Middle East and Africa Aspartic Acid Market Forecasts and Analysis
8.4.3 Middle East and Africa Aspartic Acid Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Aspartic Acid Market Forecasts and Analysis - By Countries
184.108.40.206 South Africa Aspartic Acid Market
220.127.116.11.1 South Africa Aspartic Acid Market by Application
18.104.22.168 Saudi Arabia Aspartic Acid Market
22.214.171.124.1 Saudi Arabia Aspartic Acid Market by Application
126.96.36.199 U.A.E Aspartic Acid Market
188.8.131.52.1 U.A.E Aspartic Acid Market by Application
184.108.40.206 Rest of Middle East and Africa Aspartic Acid Market
220.127.116.11.1 Rest of Middle East and Africa Aspartic Acid Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Aspartic Acid Market Overview
8.5.2 South and Central America Aspartic Acid Market Forecasts and Analysis
8.5.3 South and Central America Aspartic Acid Market Forecasts and Analysis - By Application
8.5.4 South and Central America Aspartic Acid Market Forecasts and Analysis - By Countries
18.104.22.168 Brazil Aspartic Acid Market
22.214.171.124.1 Brazil Aspartic Acid Market by Application
126.96.36.199 Argentina Aspartic Acid Market
188.8.131.52.1 Argentina Aspartic Acid Market by Application
184.108.40.206 Rest of South and Central America Aspartic Acid Market
220.127.116.11.1 Rest of South and Central America Aspartic Acid Market by Application
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. ASPARTIC ACID MARKET, KEY COMPANY PROFILES
10.1. AJINOMOTO CO. INC.
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. EVONIK INDUSTRIES
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. ROYAL DSM
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. FLEXIBLE SOLUTIONS INC
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. YANTAI HENGYUAN BIOENGINEERING CO. LTD.
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. IRIS BIOTECH GMBH
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. PRINOVA INC
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. CHANGZHOU YABANG CHEMICAL CO. LTD
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. ANASPEC INC.
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. NANJING LIBANG CHEMICAL CO. LTD.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
10.11. KYOWA HAKKO KOGYO CO.
10.11.1. Key Facts
10.11.2. Business Description
10.11.3. Products and Services
10.11.4. Financial Overview
10.11.5. SWOT Analysis
10.11.6. Key Developments
10.12. CHANGMAO BIOCHEMICAL ENGINEERING CO. LTD.
10.12.1. Key Facts
10.12.2. Business Description
10.12.3. Products and Services
10.12.4. Financial Overview
10.12.5. SWOT Analysis
10.12.6. Key Developments
10.13. TOCRIS BIOSCIENCE CO.
10.13.1. Key Facts
10.13.2. Business Description
10.13.3. Products and Services
10.13.4. Financial Overview
10.13.5. SWOT Analysis
10.13.6. Key Developments
10.14. TOKYO CHEMICAL INDUSTRY CO. LTD.
10.14.1. Key Facts
10.14.2. Business Description
10.14.3. Products and Services
10.14.4. Financial Overview
10.14.5. SWOT Analysis
10.14.6. Key Developments
10.15. DONGYING LEADBOND CHEMICAL CO.
10.15.1. Key Facts
10.15.2. Business Description
10.15.3. Products and Services
10.15.4. Financial Overview
10.15.5. SWOT Analysis
10.15.6. Key Developments
10.16. TAIYUAN QIAOYOU CHEMICAL
10.16.1. Key Facts
10.16.2. Business Description
10.16.3. Products and Services
10.16.4. Financial Overview
10.16.5. SWOT Analysis
10.16.6. Key Developments
10.17. LANGEN SUZHOU CO. LTD.
10.17.1. Key Facts
10.17.2. Business Description
10.17.3. Products and Services
10.17.4. Financial Overview
10.17.5. SWOT Analysis
10.17.6. Key Developments
10.18. ANHUI HUAHENG BIOTECHNOLOGY CO.
10.18.1. Key Facts
10.18.2. Business Description
10.18.3. Products and Services
10.18.4. Financial Overview
10.18.5. SWOT Analysis
10.18.6. Key Developments
10.19. SENOVA TECHNOLOGY CO., LTD.
10.19.1. Key Facts
10.19.2. Business Description
10.19.3. Products and Services
10.19.4. Financial Overview
10.19.5. SWOT Analysis
10.19.6. Key Developments
10.20. ADITYA CHEMICALS
10.20.1. Key Facts
10.20.2. Business Description
10.20.3. Products and Services
10.20.4. Financial Overview
10.20.5. SWOT Analysis
10.20.6. Key Developments
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies
1. Ajinomoto Co. Inc.
2. Evonik Industries
3. Royal DSM
4. Flexible Solutions Inc
5. Yantai Hengyuan Bioengineering Co. Ltd.
6. Iris Biotech GmbH
7. Prinova Inc
8. Changzhou Yabang Chemical Co. Ltd
9. Anaspec Inc.
10. Nanjing Libang Chemical Co. Ltd.
11. Kyowa Hakko Kogyo Co.
12. Changmao Biochemical Engineering Co. Ltd.
13. Tocris Bioscience Co.
14. Tokyo Chemical Industry Co. Ltd.
15. Dongying Leadbond Chemical Co.
16. Taiyuan Qiaoyou Chemical
17. Langen Suzhou Co. Ltd.
18. Anhui Huaheng Biotechnology Co.
19. SENOVA Technology Co., Ltd.