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Global Aspartic Acid Market 2017-2021

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:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Aspartic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AJINOMOTO
  • DSM
  • Evonik Industries
  • Flexible Solutions International
  • Tocris Cookson
Other prominent vendors
  • 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
  • Yantai Hengyuan Bioengineering
Market driver
  • Increasing demand for sweeteners
  • For a full, detailed list, view our report
Market challenge
  • Complex manufacturing process and high price of raw material
  • For a full, detailed list, view our report
Market trend
  • Growing popularity of packaged food
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


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.

Companies Mentioned

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.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market ecosystem
      • Table Parent market
      • Table Segmentation of global amino acid market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market sizing 2016
      • Table Market size 2016
      • Table Validation techniques employed for market sizing 2016
    • Market size and forecast 2016-2021
      • Table Global aspartic acid market – Market size and forecast 2016-2021 (kilo tons)
      • Table Global aspartic acid market – Year-over-year growth 2017-2021 (%)
  • Five forces analysis
    • Table Five forces analysis 2016
    • Table Five forces analysis 2021
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces
  • Market segmentation by application
    • Segmentation by application
      • Table Application – Market share 2016-2021 (% share by volume)
    • Comparison by application
      • Table Comparison by application
    • Global aspartic acid market by polyaspartic acid – Market size and forecast 2016-2021
      • Table Global aspartic acid market by polyaspartic acid – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by polyaspartic acid – Year-over-year growth 2017-2021 (%)
    • Global aspartic acid market by aspartame – Market size and forecast 2016-2021
      • Table Global aspartic acid market by aspartame – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by aspartame – Year-over-year growth 2017-2021 (%)
    • Global aspartic acid market by feed supplements – Market size and forecast 2016-2021
      • Table Global aspartic acid market by feed supplements – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by feed supplements – Year-over-year growth 2017-2021(%)
    • Global aspartic acid market by medicines – Market size and forecast 2016-2021
      • Table Global aspartic acid market for medicines – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by medicines – Year-over-year growth 2017-2021 (%)
    • Global aspartic acid market by L-alanine – Market size and forecast 2016-2021
      • Table Global aspartic acid market by L-alanine – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by L-alanine – Year-over-year growth 2017-2021 (%)
    • Global aspartic acid market by others – Market size and forecast 2016-2021
      • Table Global aspartic acid market by others – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market by others – Year-over-year growth 2017-2021 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation
      • Table Global aspartic acid market by geography 2016-2021 (% share of volume)
    • Regional comparison
      • Table Regional comparison
    • Global aspartic acid market in Americas – Market size and forecast 2016-2021
      • Table Global aspartic acid market in Americas – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market in Americas – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in Americas for aspartic acid market
    • Global aspartic acid market in EMEA – Market size and forecast 2016-2021
      • Table Global aspartic acid market in EMEA – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market in EMEA – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in EMEA for aspartic acid market
    • Global aspartic acid market in APAC – Market size and forecast 2016-2021
      • Table Global aspartic acid market in APAC – Market size and forecast 2016-2021 (kilo metric tons)
      • Table Global aspartic acid market in APAC – Year-over-year growth 2017-2021 (%)
      • Table Top 3 countries in APAC for aspartic acid market
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Growing popularity of packaged food
    • Flourishing global medical tourism industry
      • Table Medical tourism: Geographic segmentation by value 2016 (% share)
    • Increasing use of aspartic acid as a bio-based platform chemical
  • Vendor landscape
    • Competitive landscape
    • Key market vendors
      • Table Key vendors in global aspartic acid market 2016
    • Other prominent vendors
  • Vendor analysis
    • AJINOMOTO
      • Table AJINOMOTO: Business segmentation by revenue 2016 (% share)
      • Table AJINOMOTO: Geographical segmentation by revenue 2016 (% share)
    • DSM
      • Table DSM: Business segmentation by revenue 2016 (% share)
      • Table DSM: Geographical segmentation by revenue 2016 (% share)
    • Evonik Industries
      • Table Evonik Industries: Business segmentation by revenue 2016 (% share)
      • Table Evonik Industries: Geographic segmentation by revenue 2016 (% share)
    • Flexible Solutions International
      • Table Flexible Solutions International: Business segmentation by revenue 2016 (% share)
      • Table Flexible Solutions International: Geographic segmentation by revenue 2016 (% share)
    • Tocris Cookson
      • Table Tocris Cookson: Business segmentation by revenue 2016 (% share)
      • Table Tocris Cookson: Geographic segmentation by revenue 2016 (% share)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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