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Aspartic Acid Market Trends by Key Players: Prinova Group, Tocris Bioscience, Ajinomoto Co., Biotech GmbH and Chem Pep
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Aspartic Acid Market size may have positive growth in future owing to growing application scope as artificial sweetener, medicine and biodegradable polymer.
It is also known as aspartate and main acid source is oat flakes, lentil, sugarcane, chickpeas, soya beans, asparagus, oyster, sausage meat and dietary supplements. It is available in two form D-aspartic and L-aspartic acid. D-aspartic acid is available in nature, whereas L-aspartic acid used in industry is directly incorporated into proteins. Aspartic acid is an alpha amino acid used in protein biosynthesis. It contains carboxylic acid and alpha amino group protonated in –NH+ form.
Aspartic acid is produced in human body via protein extraction, chemical synthesis, enzymatic conversion and fermentation of food. It is available in substantial quantity in brain and helps in enhancing neurological activity. Potassium, magnesium and calcium aspartate helps in food digestion and assimilation.
Aspartate acts as artificial sweetener in powdered drink mix, jams, jellies, chocolates, candies, dairy products and beverages. Global packaged food industry was valued over USD 2.6 trillion in 2016. Shift in consumer preference towards low-calorie food items along with prevailing health issues such as obesity and diabetes has triggered artificial sweetener demand. Increasing artificial sweetener application scope in packaged food is may drive aspartic acid demand.
D-aspartic acid boosts testosterone levels which improves protein production and lean muscle mass development. Testosterone promotes muscle tissue breakdown and reduces abdominal fat. Global dietary supplement market was valued at over USD 125 billion in 2016 owing to increasing geriatric population along with rising health and wellness products demand to maintain better health routines. Sports supplements are consumed to enhance health & fitness, muscle growth and athletic performance. Growing high protein energy drink consumption along with availability of various nutritional products manufacturers may favour dietary supplements product demand thereby driving aspartic acid market size.
Poly-aspartic acid is used as chelating agent and prevents corrosion problem. The chelating agent prevents calcium carbonate, calcium sulphate, magnesium carbonate, magnesium sulphate and calcium phosphate deposition. It inhibits scale formation in cooling tower, improves cooling capacity and maintains electricity consumption. Similarly, it avoids scaling & salt deposition in heat exchanger and boiler thereby improving their heating efficiency. The reverse osmosis membrane in desalination plants are protected from calcium & magnesium scaling in turn increases membrane life and maintain energy utilisation.
Poly-aspartate acts as super swelling material thus used in female hygiene product and child diaper. These polymers are environment friendly and biodegradable making them easy and simple to dispose. Strict regulations pertaining to polymer material disposal may propel aspartic acid demand.
Europe driven by UK, France & Germany aspartic acid market may experience significant gains. Increase in RTE food demand, rise in energy drink consumption and growing health concerns regarding diseases such as diabetics and cancer has driven artificial sweetener market. Rise in working women population along with growing health concern has surged female hygiene products demand thereby driving regional growth.
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Top key players:
Global aspartic acid market share is fragmented. Major industry participants in this market are Prinova Group, Tocris Bioscience, Ajinomoto Co., Biotech GmbH and Chem Pep.
Market share calculation in this report is not done based on companies covered in it. The calculation of aspartic acid market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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