Market Overview:
The global asparagine market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for asparagine from the food and beverage industry, pharmaceutical industry, dietary supplement industry, and others. Asparagine is an amino acid that is used in various applications such as food additives, flavor enhancers, pharmaceuticals, nutraceuticals etc. It helps in improving taste and flavor of foods and beverages. It also helps in preventing diseases such as cancer and heart diseases.
Product Definition:
Asparagine is an amino acid with the formula NH2C(CH2)4NH2. It is a colorless, odorless solid that is soluble in water. Asparagine is synthesized from aspartate and glutamate. It serves as a precursor to proteins, including enzymes and neurotransmitters.
Asparagine Monohydrate:
Asparagine is a non-essential amino acid, which means that its requirement in the body is only one-fifth of the total amount required for protein synthesis. Asparagine plays an important role in enhancing cell proliferation and differentiation ability during carcinogenesis. It also has anti-proliferative effects on cancer cells, thus making it a potential ingredient for cancer treatment drugs.
Asparagine Anhydrous:
Asparagine (aspartic acid) is a non-essential amino acid. It is also known as vitamin B4 or table asparagine. Asparagine can be naturally found in certain vegetables and fruits such as leeks, beetroot, salsify, spinach and soybeans. However; it can also be synthetically made from corn/ maize feedstock using the chemical process of hydrolysis.
Application Insights:
The food and beverage industry was the largest application segment in 2016, accounting for over 60% of the overall market. The growth can be attributed to increasing consumption of asparagine by manufacturers of dairy products, bakery and confectionery items. Asparagine is used as a processing aid in manufacturing various baked goods such as cakes, cookies and pastries on a large scale.
Asparaginase enzyme hydrolyzes (breaks down) long chain fatty acids (LCFAs), which are present in milk protein isolates thereby making them suitable for use in dietary supplements and other industries such as pharmaceuticals and cosmetics. The ability to act as an inhibitor when mixed with bacterial cell membranes has led to its increased usage during fermentation processes for producing biopharmaceuticals & biotherapeutics on a commercial scale.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is anticipated to witness significant growth over the forecast period. This can be attributed to increasing product demand from emerging countries, such as China, India, Thailand, and Japan. The region is also expected to register a high CAGR due to rising production capacities of asparagine in countries like China and Indonesia.
Europe accounted for more than 25% of the global revenue share in 2017 owing to high consumption levels coupled with growing pharmaceutical industry across Germany, France Italy among other Eastern European Countries.
Growth Factors:
- Increasing demand for asparagine in food and beverage industry as a flavor enhancer and preservative.
- Growing application of asparagine in pharmaceuticals and nutraceuticals products owing to its therapeutic properties.
- Rising demand for asparagine from the animal feed industry due to its ability to improve livestock health and productivity.
- Increasing research on the potential health benefits of asparagine which is likely to boost its demand in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Asparagine Market Research Report
By Type
Asparagine Monohydrate, Asparagine Anhydrous
By Application
Food and Beverage Industry, Pharmaceutical Industry, Dietary Supplement Industry, Others
By Companies
Ajinomoto, DSM, Daesang, Evonik Industries, Cargill, ChemChina, Fufeng Group, COFCO Biochemical (AnHui), Shanghai Soyoung Biotechnology, Shanghai Freemen, Hangzhou Sartort Chemical, Yixing Jolan Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Asparagine Market Report Segments:
The global Asparagine market is segmented on the basis of:
Types
Asparagine Monohydrate, Asparagine Anhydrous
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food and Beverage Industry, Pharmaceutical Industry, Dietary Supplement Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ajinomoto
- DSM
- Daesang
- Evonik Industries
- Cargill
- ChemChina
- Fufeng Group
- COFCO Biochemical (AnHui)
- Shanghai Soyoung Biotechnology
- Shanghai Freemen
- Hangzhou Sartort Chemical
- Yixing Jolan Chemicals
Highlights of The Asparagine Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Asparagine Monohydrate
- Asparagine Anhydrous
- By Application:
- Food and Beverage Industry
- Pharmaceutical Industry
- Dietary Supplement Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Asparagine Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Asparagine is an amino acid that is found in many foods. It helps the body to form proteins.
Some of the key players operating in the asparagine market are Ajinomoto, DSM, Daesang, Evonik Industries, Cargill, ChemChina, Fufeng Group, COFCO Biochemical (AnHui), Shanghai Soyoung Biotechnology, Shanghai Freemen, Hangzhou Sartort Chemical, Yixing Jolan Chemicals.
The asparagine market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Asparagine Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Asparagine Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Asparagine Market - Supply Chain
4.5. Global Asparagine Market Forecast
4.5.1. Asparagine Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Asparagine Market Size (000 Units) and Y-o-Y Growth
4.5.3. Asparagine Market Absolute $ Opportunity
5. Global Asparagine Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Asparagine Market Size and Volume Forecast by Type
5.3.1. Asparagine Monohydrate
5.3.2. Asparagine Anhydrous
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Asparagine Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Asparagine Market Size and Volume Forecast by Application
6.3.1. Food and Beverage Industry
6.3.2. Pharmaceutical Industry
6.3.3. Dietary Supplement Industry
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Asparagine Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Asparagine Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Asparagine Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Asparagine Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Asparagine Demand Share Forecast, 2019-2026
9. North America Asparagine Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Asparagine Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Asparagine Market Size and Volume Forecast by Application
9.4.1. Food and Beverage Industry
9.4.2. Pharmaceutical Industry
9.4.3. Dietary Supplement Industry
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Asparagine Market Size and Volume Forecast by Type
9.7.1. Asparagine Monohydrate
9.7.2. Asparagine Anhydrous
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Asparagine Demand Share Forecast, 2019-2026
10. Latin America Asparagine Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Asparagine Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Asparagine Market Size and Volume Forecast by Application
10.4.1. Food and Beverage Industry
10.4.2. Pharmaceutical Industry
10.4.3. Dietary Supplement Industry
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Asparagine Market Size and Volume Forecast by Type
10.7.1. Asparagine Monohydrate
10.7.2. Asparagine Anhydrous
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Asparagine Demand Share Forecast, 2019-2026
11. Europe Asparagine Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Asparagine Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Asparagine Market Size and Volume Forecast by Application
11.4.1. Food and Beverage Industry
11.4.2. Pharmaceutical Industry
11.4.3. Dietary Supplement Industry
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Asparagine Market Size and Volume Forecast by Type
11.7.1. Asparagine Monohydrate
11.7.2. Asparagine Anhydrous
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Asparagine Demand Share, 2019-2026
12. Asia Pacific Asparagine Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Asparagine Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Asparagine Market Size and Volume Forecast by Application
12.4.1. Food and Beverage Industry
12.4.2. Pharmaceutical Industry
12.4.3. Dietary Supplement Industry
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Asparagine Market Size and Volume Forecast by Type
12.7.1. Asparagine Monohydrate
12.7.2. Asparagine Anhydrous
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Asparagine Demand Share, 2019-2026
13. Middle East & Africa Asparagine Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Asparagine Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Asparagine Market Size and Volume Forecast by Application
13.4.1. Food and Beverage Industry
13.4.2. Pharmaceutical Industry
13.4.3. Dietary Supplement Industry
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Asparagine Market Size and Volume Forecast by Type
13.7.1. Asparagine Monohydrate
13.7.2. Asparagine Anhydrous
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Asparagine Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Asparagine Market: Market Share Analysis
14.2. Asparagine Distributors and Customers
14.3. Asparagine Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ajinomoto
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DSM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Daesang
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Evonik Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Cargill
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ChemChina
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fufeng Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COFCO Biochemical (AnHui)
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shanghai Soyoung Biotechnology
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Freemen
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Hangzhou Sartort Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Yixing Jolan Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook