Global Aspartic Acid Market 2017-2021
About Aspartic Acid
Aspartic acid, also known as aspartate is a type of alpha-amino acid and is used in the medical, cosmetics, agriculture, dietary supplement, and food and beverages (F&B) industries. L-aspartic acid, D- aspartic acid, and DL-aspartic acid are the three types of aspartic acid. Aspartic acid is usually found in plants, especially in sugar beets and sugarcane, and animals. Polyaspartic acid is expected to account for the largest application segment.
Technavio’s analysts forecast the global aspartic acid market to grow at a CAGR of 5.59% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global aspartic acid market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Aspartic Acid Market 2017-2021
Technavio recognizes the following companies as the key players in the global aspartic acid market: AJINOMOTO, DSM, Evonik Industries, Flexible Solutions International, and Tocris Cookson.
Other Prominent Vendors in the market are: AnaSpec, Anhui Huaheng Biotechnology, Beijing FortuneStar S&T Development, Changmao Biochemical Engineering Company Limited, Changzhou Yabang Chemical, ChemPep, IRIS BIOTECH, KYOWA HAKKO BIO, Langen Suzhou, Nanjing Libang Chemical, Prinova, Taiyuan Qiaoyou Chemical Industrial, Tokyo Chemical Industry, and Yantai Hengyuan Bioengineering.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of packaged food. The processed food and beverage industry accounted for $4.59 trillion in 2016 and is expected to reach $4.68 trillion by 2017. The growth is expected to be approximately 1.5% on a year-over-year basis, owing to benefits of processed foods such as ease to buy, store, and eat.”
According to the report, one driver in the market is increasing demand for sweeteners. Sugar has a tendency of stimulating cancer cells and causes cancers. Avoiding sugar leads to fluctuations in blood sugar levels. Consumers increasingly prefer low-sugar content foods. The global consumption of high-intensity sweeteners is highly dependent on the production of low-calorie food, diet carbonated soft drinks, and sugar substitutes. The demand for the entire range of high-intensity sweeteners is strong in APAC due to the high consumption of carbonated soft drinks. The global consumption of high-intensity sweeteners for all applications was estimated at more than 159 kilo metric ton in 2016.
Further, the report states that one challenge in the market is complex manufacturing process and high price of raw material. The production of L-aspartic acid through fermentation in a medium containing fumaric acid and ammonia is a commonly used technique worldwide. Bacillus and Pseudomonas are the extensively used bacteria for the production of aspartic acid through fermentation. Aspartic acid can also be produced through the biochemical process of transamination of fumaric acid with the enzymes of bacteria. This process results in the formation of small amounts of aspartic acid produced from hydrocarbons or ethanol by culturing them with a wild strain of the genus Corynebacterium or Brevibacterium. The process requires highly skilled workers.
AJINOMOTO, DSM, Evonik Industries, Flexible Solutions International, Tocris Cookson, AnaSpec, Anhui Huaheng Biotechnology, Beijing FortuneStar S&T Development, Changmao Biochemical Engineering Company Limited, Changzhou Yabang Chemical, ChemPep, IRIS BIOTECH, KYOWA HAKKO BIO, Langen Suzhou, Nanjing Libang Chemical, Prinova, Taiyuan Qiaoyou Chemical Industrial, Tokyo Chemical Industry, and Yantai Hengyuan Bioengineering.