Serine Amino Acid Market
Growth Factors of Serine Amino Acid Market
The serine amino acid market size was valued at USD 129.60 million in 2022, and the market is now projected to grow from USD 137.79 million in 2023 to USD 219.72 million by 2030, exhibiting a CAGR of 6.89% during the forecast period of 2023-2030.
This was established by the increased demand of products such as amino acids, which have immunological benefits especially during the COVID-19 pandemic amongst the elderly and those with underlying health conditions. Products involving amino acids like The Serine was on high demand since consumers wanted to improve their immunity. Still, the most significant rise of the supplements market was observed during 2020 due to the covid impact, and this growth rate will remain stable up to 2023, stabilizing at the level of 2019.
The move from animal to plant proteins is influencing consumers’ concern with plant-based amino acid products as healthier and more sustainable compared to meat. Plant based amino acids especially serine is now gaining importance as potential feed source, as they are environmentally friendly and healthful. New factory developments and improved technologies to lower their impact on the environment is set to enhance market expansion of Serine amino acid supplements.
Amino acids are embraced in nutritional supplements to help reduce muscle soreness as well as to lower the risk of cardiovascular issues, in the growing sports nutrition market. Due to growth of sports and wellness industries in the today’s society, today there are so many athletes and physically active individuals who seek to incorporate amino acid supplements for their muscle building process. Also, marketed application of amino acids is expandable in the field of functional food, functional beverage, and functional dietary supplements. Rising consumer awareness about the use of the dietary supplement and increasing demand for protein will also benefit the serine amino acid market.
Comprehensive Analysis of Serine Amino Acid Market
The serine amino acid market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by application analysis. By type analysis include L-serine, D-Serine, and DL-Serine. L-serine. By application analysis include dietary supplements, cosmetics, and pharmaceuticals.
The North America region lead the serine amino acid market share by benefitting a market size of USD 71.05 million in 2023 due to increasing awareness about prioritizing personal health.
The top players in the markets have a central responsibility in the food & beverages industry to be sure of industrial prospectus development and to establish the market norms. These players include, Tokyo Chemical Industry Co., Ltd., Thermo Fisher Scientific India Pvt. Ltd., Merck KGaA, KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, Ajinomoto Co., Inc., Sichuan Tongsheng Amino acid Co., Ltd, Lipotec S.A.U., Bioven Ingredients, Mitsui Chemicals these market players provide a level-playing competitive landscape.
In April 2023, EverGrain, A.B. InBev's sustainable ingredient business, partnered with ultimate fighter champion James Wilks to launch FȲTA, a high-performance sports nutrition powder with amino acids for muscle build and recovery.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 6.89% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Type
L-Serine
D-Serine
DL-Serine
By Application
Dietary Supplements
Pharmaceutical
Cosmetics
By Region
North America (By Type, Application, and Country)
Europe (By Type, Application, and Country)
Asia Pacific (By Type, Application, and Country)
South America (By Type, Application, and Country)
Middle East & Africa (By Type, Application, and Country)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Market Overview of Global Amino Acids Market
- 4.2. Overview of Global Amino Acids Production and Consumption
- 4.3. Industry SWOT Analysis
- 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
- 4.5. Supply Chain Landscape
- 4.6. Qualitative Analysis Related to COVID-19
- 4.6.1. Impact of COVID-19 on the Market
- 4.6.2. Supply Chain Challenges Amidst Pandemic
- 4.6.3. Potential Opportunities due to COVID-19
- 5. Global Serine Amino Acid Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Type
- 5.2.1.1. L-Serine
- 5.2.1.2. D-Serine
- 5.2.1.3. DL-Serine
- 5.2.2. By Application
- 5.2.2.1. Dietary Supplements
- 5.2.2.2. Pharmaceutical
- 5.2.2.3. Cosmetics
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. Asia Pacific
- 5.2.3.4. South America
- 5.2.3.5. Middle East & Africa
- 6. North America Serine Amino Acid Market Analysis, Insights, and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Type
- 6.2.1.1. L-Serine
- 6.2.1.2. D-Serine
- 6.2.1.3. DL-Serine
- 6.2.2. By Application
- 6.2.2.1. Dietary Supplements
- 6.2.2.2. Pharmaceutical
- 6.2.2.3. Cosmetics
- 6.2.3. By Country (Value)
- 6.2.3.1. U.S.
- 6.2.3.2. Canada
- 6.2.3.3. Mexico
- 7. Europe Serine Amino Acid Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Type
- 7.2.1.1. L-Serine
- 7.2.1.2. D-Serine
- 7.2.1.3. DL-Serine
- 7.2.2. By Application
- 7.2.2.1. Dietary Supplements
- 7.2.2.2. Pharmaceutical
- 7.2.2.3. Cosmetics
- 7.2.3. By Country (Value)
- 7.2.3.1. France
- 7.2.3.2. Spain
- 7.2.3.3. U.K.
- 7.2.3.4. Italy
- 7.2.3.5. Germany
- 7.2.3.6. Rest of Europe
- 8. Asia Pacific Serine Amino Acid Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Type
- 8.2.1.1. L-Serine
- 8.2.1.2. D-Serine
- 8.2.1.3. DL-Serine
- 8.2.2. By Application
- 8.2.2.1. Dietary Supplements
- 8.2.2.2. Pharmaceutical
- 8.2.2.3. Cosmetics
- 8.2.3. By Country (Value)
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. Japan
- 8.2.3.4. Australia
- 8.2.3.5. Rest of Asia Pacific
- 9. South America Serine Amino Acid Market Analysis, Insights, and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Type
- 9.2.1.1. L-Serine
- 9.2.1.2. D-Serine
- 9.2.1.3. DL-Serine
- 9.2.2. By Application
- 9.2.2.1. Dietary Supplements
- 9.2.2.2. Pharmaceutical
- 9.2.2.3. Cosmetics
- 9.2.3. By Country (Value)
- 9.2.3.1. Argentina
- 9.2.3.2. Brazil
- 9.2.3.3. Rest of South America
- 10. Middle East & Africa Serine Amino Acid Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Type
- 10.2.1.1. L-Serine
- 10.2.1.2. D-Serine
- 10.2.1.3. DL-Serine
- 10.2.2. By Application
- 10.2.2.1. Dietary Supplements
- 10.2.2.2. Pharmaceutical
- 10.2.2.3. Cosmetics
- 10.2.3. By Country (Value)
- 10.2.3.1. South Africa
- 10.2.3.2. UAE
- 10.2.3.3. Rest of Middle East & Africa
- 11. Competitive Matrix
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Serine Amino Acid Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Tokyo Chemical Industry Co., Ltd.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. Thermo Fisher Scientific India Pvt. Ltd.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. Merck KGaA
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. KYOWA HAKKO BIO CO.,LTD.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. Evonik Industries AG
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Ajinomoto Co., Inc.
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. Sichuan Tongsheng Amino acid Co., Ltd
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. Lipotec S.A.U.
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Bioven Ingredients
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Mitsui Chemicals
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 13. Appendix
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