What is Tryptophan Market Scope?
Tryptophan is an essential amino acid which serves several important purposes, such as nitrogen balance in adults and growth in infants. Tryptophan also creates niacin, which is necessary in creating the neurotransmitter serotonin. There are a numerous health benefits from the naturally-occurring tryptophan found in foods. Further, most of health benefits come from the potential increase of niacin and thus serotonin. The benefits from more serotonin are promoting healthier and better quality sleep, relief from depression and anxiety, increased emotional well-being and managing pain tolerance. The global tryptophan market is expected to witness a significant growth owing to rising demand for nutrient-rich food across the globe.
Tryptophan Market Dynamics:
Attributes | Details |
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Growth Drivers | - Growing Awareness regarding the Health Benefits of Tryptophan
- Rising Demand for Nutrient-Rich Food
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Influencing Trends | - Increasing Awareness about Health-Consciousness
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Restraints | - Side Effects Such As Heartburn, Stomach Pain, Diarrhea and Other
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Road Blocks / Challenges | - Adverse Effects from the Supplement Form
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Gaps & Opportunities | - Increase in Demand from Cosmetic Industry
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The Tryptophan market study is being classified by Type (Feed Grade and Pharma Grade), by Application and major geographies with country level break-up.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions and new product launches as their preferred strategies. Companies are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined synergies Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Tryptophan market throughout the predicted period.
Evonik Industries (Germany), Amino GmbH (Germany), Avantor Performance Materials, LLC (United States), CJ CheilJedang Corp (South Korea), AJINOMOTO Co., Inc. (Japan), Meihua Group (China), Parchem fine & specialty chemicals (United States), Elixir Group (Serbia), Swanson Health Products (United States), Good Scents Company (United States) and Merck Millipore (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kyowa Hakko Bio (Japan), Cargill (United Sates) and Penta Manufacturer (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Tryptophan market by Type, Application and Region. On the basis of Type, Feed Grade are dominating the market in the year 2021 where as Pharma Grade stood as second largest market share.
On the basis of geography, the market of Tryptophan has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region hold largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their Development Strategies
In 2022, Evonik extends strategic distribution partnership with Vimal Intertrade and Nordmann for its VISIOMER® Specialty Methacrylates in India.
In 2021, Merck, a main science and technological know-how company, introduced the opening of its 2d Carlsbad, California-based facility, considerably increasing its world CDMO footprint. This new USD100 million, 140,000-square-foot facility will greater than double the company’s present potential to aid large-scale industrial and industrial manufacturing for viral gene therapy, in a market predicted to develop to USD10 billion by means of 2026.
Key Target Audience
Manufacturers of Tryptophan, Suppliers of Tryptophan Subcomponents, Wholesalers, Distributers and Retailers of Tryptophan, Food & Beverage Industry, Pharmaceutical Industry, Cosmetic Industry and Governmental Bodies
Tryptophan Market Study: Important Years
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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