Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2030

The global aspartic acid market size was worth around USD 100.54 million in 2022 and is predicted to grow to around USD 230.84 million by 2030 with a compound annual growth rate (CAGR) of roughly 10.95% between 2023 and 2030.

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Global Aspartic Acid Market: Overview

Aspartic acid is a nonessential amino acid. It is also known as asparaginic acid. It helps in the production and release of hormones. It also assists in the proper functioning of the nervous system. Aspartic acid is important to digest, assimilate, and utilize magnesium, potassium, and calcium aspartate. It is majorly found in high quantities in the human brain which in turn also increases neurological activity. Aspartic acid is also found in plants and animals. A common plant-based source of aspartic acid is lentils, chickpeas, soybeans, and many others. Moreover, a common animal-based source of aspartic acid is shrimp, salmon, eggs, beef, and many more. It can be effectively manufactured through enzymatic conversion, fermentation, chemical synthesis, and protein extraction. One of the major applications of aspartic acid is the synthesis of polyaspartic acid which is a biodegradable and water-soluble amino acid. Also, polyaspartic acid has the potential to substitute non-biodegradable amino acids.

Global Aspartic Acid Market: Growth Factors

One of the major factors driving the growth of the global aspartic acid market is the growing demand for biodegradable products due to the fast depleting fossil fuel reserves. Polyaspartic acid finds a wide range of applications in agriculture, water treatment systems, petroleum exploitation, forestry, and detergents. There is a significant increase in the demand for polyaspartic acid from the end-user industry. Polyaspartic acid and its derivatives are widely used in inorganic chemicals, oilfields, chemical pigments, paints, and pharmaceuticals. Moreover, there is growth in demand for sweeteners from the food and beverage sector. Such emerging scenarios are likely to vigorously boost the growth of the global aspartic acid market during the forecast period.

Aspartic acid is used in the manufacturing of a common sweetener known as aspartame. Aspartame is widely utilized in fruit-based products, syrups, beverages, serials, and bakery products. Moreover, aspartic acid is also used with different materials like calcium aspartate, potassium aspartate, and magnesium aspartate in the feed segment. The growing investment from prominent market players is likely to propel the growth of the global aspartic acid market during the forecast period. Moreover, there is a significant growth in research and development activities to innovate advanced products to cater to the needs of end-users.

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Global Aspartic Acid Market: Segmentation

The global aspartic acid market can be segmented into availability, distribution channel, type, source, synthesis methods, and region.

By availability, the market can be segmented into DL-aspartic acid, L-aspartic, and D-aspartic. The D-aspartic segment accounts for the largest share in the global aspartic acid market. 

By distribution channel, the market can be segmented into online portals, large retailers, and others. 

By type, the market can be segmented into agriculture, cosmetics, medical & healthcare, food, and others. 

By source, the market can be segmented into plant and animal sources. 

By synthesis methods, the market can be segmented into fermentation, organism, and others.

Aspartic Acid Market: Report Scope

Global Aspartic Acid Market: Regional analysis

North America accounts for the largest share in the global aspartic acid market due to the growing demand for convenience and ready-to-eat meals in the region. Moreover, people are increasing the demand for ready-to-drink beverages which in turn also propels the growth of the regional market.

Europe accounts for the second-largest share in the global aspartic acid market due to the fast proliferating food and beverage sector in the region. Moreover, the growing disposable income of the people further propelled the growth of the regional market.

Asia Pacific is anticipated to witness huge growth during the forecast period due to the growing trend of packaged food and beverages in the region. However, the growing population in the region also contributes vigorously to the growth of the regional market.

Global Aspartic Acid Market: Competitive Players

• Nanjing Libang Chemical Co. Ltd
• Changzhou Yabang Chemical Co. Ltd
• Anaspec Inc
• Prinova Inc Evonik Industries
• Kyowa Hakko Kogyo Co
• Iris Biotech GmbH
• Flexible Solutions Inc.
• Royal DSM
• Yantai Hengyuan Bioengineering Co. Ltd.
• and Ajinomoto Co. Inc.

Global Aspartic Acid Market: Segment Analysis

By Availability

• DL-Aspartic acid
• L-Aspartic
• D-Aspartic

By Distribution Channel

• Online Portals
• Large Retailers
• Others

By Type

• Agriculture
• Cosmetics
• Medical & Healthcare
• Food
• Others

By Source

• Plant Source
• Animal Source

By Synthesis Methods

• Fermentation
• Organism
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa