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Tryptophan Market Size, Share, Development by 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Tryptophan market.

Tryptophan (Trp) is an amino acid. For many organisms (including humans), tryptophan is an essential amino acid and cannot be synthesized by the organism.

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Global Tryptophan Market: Forecast by Type / Application / Region

Tryptophan can be found in various fields of the chemical, animal feed and pharmaceutical industries. The largest consumer of tryptophan is feed industry. Tryptophan is usually the fourth limiting amino acid after lysine, threonine and the sulphur amino acids (methionine + cysteine) for piglets and very often the third one after lysine and threonine for fattening pigs.

According to stereoisomer, tryptophan has three types, L-Tryptophan, D-Tryptophan, and DL- Tryptophan. But only L-Tryptophan can be absorbed by animals and humans. So in this report we just statistic L-Tryptophan.

The technical barriers of tryptophan are high, and the tryptophan market concentration degree is relatively higher. The manufacturing bases scatter around the world; the key companies in tryptophan market include CJ, Ajinomoto, Evonik, Henan Dragon Biological and Meihua.

The key factors driving the growth of the aforementioned industry are feed industry. With the improvement of household income and protein meat consumption, animal feed has been a huge increase in demand. The increased consumption of tryptophan is expected to continue during the remaining years of the forecast period of 2015-2020. Tryptophan industry will usher in a huge growth space.

Up to now, Henan Dragon Biological and Meihua occupy relatively large market share in China, There are other small enterprises in this market. Local Chinese tryptophan enterprises have large market share, and Chinese products are exported to the United States, Germany, France and other Southeast Asia countries.

Over the next five years, LPI(LP Information) projects that Tryptophan will register a 14.0% CAGR in terms of revenue, reach US$ 1400 million by 2023, from US$ 730 million in 2017.

Global Tryptophan Market: Key Players
CJ
Ajinomoto
Evonik
Henan Dragon Biological
Meihua

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https://www.marketresearchreportstore.com/reports/2271/global-tryptophan-market

Related Information:
United States Tryptophan Market Research Report 2018
Europe Tryptophan Market Research Report 2018
North America Tryptophan Market Research Report 2018
Asia-Pacific Tryptophan Market Research Report 2018
China Tryptophan Market Research Report 2018
EMEA Tryptophan Market Research Report 2018
Global Tryptophan Market Research Report 2018

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