Global Phenylalanine Market Set for Growth, Driven by Rising Demand in Food & Beverage and Health Sectors - Trends, Opportunity, and Forecast, 2018-2028F
Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "Phenylalanine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F" report has been added to * ResearchAndMarkets.com's* offering.
The Global Phenylalanine Market is experiencing a significant upswing, largely due to health trends and the rising demand in the food & beverage industry. Phenylalanine, an essential amino acid, has found widespread use as a low-calorie sweetener in numerous products, stemming chiefly from its role in aspartame production. This trend looks set to continue, with a CAGR of 3.49% projected through 2028.
*Key Growth Drivers:*
A key determinant in the market's growth is the substantial increase in health consciousness among consumers. This shift is evident in the surge for low-calorie and sugar-free dietary options.
Additionally, as part of a larger movement towards healthier lifestyles, there's an emphasis on protein intake, making phenylalanine an ingredient of choice due to its protein synthesis capabilities. Rapid urbanization and rising incomes in developing economies also contribute to expanding market opportunities. The anticipated growth in these regions is tied to changes in consumption patterns and dietary habits that lean towards nutritious and health-oriented food products.
*Market Challenges:*
Growth within the Phenylalanine Market is not without its challenges. As regulatory bodies enforce tighter controls on food additives, manufacturers face hurdles in aligning with these critical, yet stringent, health and safety protocols. There is also heightened scrutiny due to potential health risks and side effects potentially linked to food additives, including phenylalanine.
*Market Trends:*
· An increasing tilt towards natural sweeteners has augmented growth in the Phenylalanine Market as consumers opt for healthier alternatives to conventional sugars.
· Driven by changing lifestyle preferences and a greater understanding of preventive health measures, the functional food and beverage sector is witnessing expansive growth. Phenylalanine's profile as a building block for proteins is reinforcing this trajectory.
*Sectoral Insights:*
The L-Phenylalanine segment continues to be a major propellant for market expansion due to its extensive use in pharmaceuticals, thereby amplifying its market presence. Furthermore, the food and beverage segment is playing a pivotal role in market dominance due to phenylalanine's sweetening properties and nutritional benefits.
*Regional Outlook:*
North America holds a commanding market share, with increased consumer demand for healthy food alternatives spurring growth. This region's developed food and beverage industry, coupled with a robust pharmaceutical sector, anchors the Global Phenylalanine Market
*Key Attributes:*
*Report Attribute* *Details*
No. of Pages 179
Forecast Period 2022 - 2028
Estimated Market Value (USD) in 2022 $550.13 Million
Forecasted Market Value (USD) by 2028 $667 Million
Compound Annual Growth Rate 3.4%
Regions Covered Global
*Competitive Landscape*
Company Profiles: Detailed analysis of the major companies present in the Global Phenylalanine Market.
· Ajinomoto Co., Inc.
· DAESANG
· Livzon
· KYOWA HAKKO BIO CO., LTD.
· Amazing Nutrition
· AMINO GmbH
· Wuxi Jinghai Amino Acid Co., Ltd.
· Shijiazhuang Jirong Pharmaceutical Co., Ltd.
· Shijiazhuang Haitian Amino Acid Co., Ltd.
*Report Scope:*
*Phenylalanine Market, By Medication Type:*
· L-Phenylalanine
· D-Phenylalanine
· DL-Phenylalanine
*Phenylalanine Market, By Application:*
· Depression
· Attention Deficit Disorder
· Parkinson disease
· Chronic Pain
· Vitiligo
· Others
*Phenylalanine Market, By End-Users:*
· Food and Beverage
· Dietary Supplements
· Pharmaceuticals
· Others
*Phenylalanine Market, By Region:*
· North America
· United States
· Canada
· Mexico
· Europe
· France
· United Kingdom
· Italy
· Germany
· Spain
· Asia-Pacific
· China
· India
· Japan
· Australia
· South Korea
· South America
· Brazil
· Argentina
· Colombia
· Middle East & Africa
· South Africa
· Saudi Arabia
· UAE
· Kuwait
· Turkey
· Egypt
For more information about this report visit https://www.researchandmarkets.com/r/ol5fvj
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*Attachment*
· Global Phenylalanine Market
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