The global Serine Amino Acid market size was valued at USD 129.60 million in 2022. The market is 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.
Increasing consumer preference for plant-based protein sources, including amino acid supplements, driven by health and sustainability concerns, is boosting the demand for Serine Amino Acid. This demand is further supported by rising awareness of dietary supplements, higher protein consumption, and environmentally friendly production methods. Fortune Business Insights presents this information in their report titled “Serine Amino Acid Market, 2023–2030.”
Major Players Profiled in the Report:
- Tokyo Chemical Industry Co., Ltd. (Japan)
- Thermo Fisher Scientific India Pvt. Ltd. (U.S.)
- Merck KGaA (Germany)
- KYOWA HAKKO BIO CO.,LTD. (Japan)
- Evonik Industries AG (Germany)
- Ajinomoto Co., Inc. (Japan)
- Sichuan Tongsheng Amino acid Co., Ltd (China)
- Lipotec S.A.U. (Spain)
- Bioven Ingredients (India)
- Mitsui Chemicals (Japan)
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L-Serine Set to Lead Market with Broad Health Benefits
By type, the market is segmented into L-serine, D-serine, and DL-serine. L-serine, an necessary amino acid enhancing cellular processes, glucose homeostasis, and mitochondrial function, is FDA-safe and poised to dominate the Serine Amino Acid industry due to its versatile benefits.
Growing Athlete Nutrition Focus to Fuel Dietary Supplements Growth
By application, the market is trifurcated into dietary supplements, pharmaceutical, and cosmetics. With an anticipated surge in demand for amino acids within the dietary supplements industry, driven by their role in post-exercise recovery and muscle-building for athletes, the application segment is poised for growth during the forecast period.
From the regional ground, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
The market research report presents a comprehensive market examination, emphasizing crucial elements, including the competitive environment, distribution channels, and prominent product categories. Furthermore, the report provides valuable observations on market trends and significant industry advancements. Apart from the aforementioned factors, the report encompasses numerous variables that have bolstered market expansion in recent times.
Drivers and Restraints
Rising Demand in Sports Nutrition and Functional Foods Fuels Serine Amino Acid Usage
Amino acids, including serine, are utilized in health supplements to alleviate muscle soreness and mitigate cardiovascular disease risks. Serine Amino Acid are also gaining traction in the sports nutrition sector, driven by the increasing demand from athletes and fitness enthusiasts for muscle development supplements, alongside their incorporation into functional foods, beverages, and dietary supplements due to rising consumer awareness and protein consumption trends.
However, the Serine Amino Acid market growth might be hindered due to volatile raw material prices and inadequate substitutes for serine amino acid production.
Asia Pacific Dominates Due to Rising Health Concerns and Wellness Awareness
Asia Pacific dominates the market, boasting a commanding share of over more than 50%. This dominance is fueled by escalating health-related apprehensions and an increasing consciousness of wellness, resulting in a pronounced upsurge in demand for dietary supplements within the region.
North America emerges as the second leading region, where its prominent role revolves around serving as a pivotal supplier to the dietary supplements and pharmaceutical sectors – both of which constitute substantial consumers of these amino acids.
Global Market Shaped by Local Dominance and Expansion Strategies
In the Serine Amino Acid market, the prevailing scenario is defined by a prevalence of local entities exceeding the count of international competitors. With the surge in demand and the increased Serine Amino Acid market shares, companies are organizing strategic maneuvers to showcase their products globally. These endeavors encompass expansion strategies and collaborations, often entailing partnerships with indigenous counterparts in the targeted markets. This approach effectively allows market participants to align their products with international demand trends.
Key Industry Development
- April 2021: DMC Biotechnologies partnered with SCG Chemicals Co., Ltd to market and distribute DMC’s branched chain amino acids (BCAAs) in the ASEAN markets.