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L-Serine Market in pharmaceutical industry segment is projected to grow at a CAGR of 5% by 2024

Author : Ronak Bora | Published Date : 2019-03-29 

L-Serine Market is anticipating noticeable growth during next seven years. The acid is formed from amino acid, known as glycine and is important for both mental and physical health. It ensures efficient functionality of the brain and central nervous system. It is a form of acid used in protein synthesis and readily assimilated by the digestive system. It has applications in pharmaceutical, cosmetic, foods and beverages and agriculture industry.

Pharmaceutical industry is anticipated to depict above 5% CAGR in near future and is expected to drive the l-serine market. The acid is widely consumed pharmaceutical products in compound amino acid infusion, nutritional supplements and in medicine formulation of amino acid derivatives. It is widely used to cure chronic fatigue syndrome. Increasing health issues among population is rising the demand for medicines that is positively influencing the l-serine market.

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L-serine market is segmented on the basis of its usage in various industries such as food and beverage, pharmaceuticals, cosmetic, agriculture, animal feed and organic chemicals. They are widely used as nutrition supplements in food products, sports drink, medicines manufacturing amino acids and its derivatives, natural moisturizing factor in cosmetic and feed additive to enhance nutrition in animals and agriculture feed.

North America, followed by US is world’s most important pharmaceutical industry. Increasing pharmaceutical industry in the region will surge its l-serine market in the forecast time frame.

Prominent producers in l-serine market are Ajinomoto, Amino, Evonik, Mitsui Chemicals, Kyowa Hakka Bio, Bafeng Pharmaceuticals and Chemicals, Jiahe Biotech, Puyer, Huayang Chemical and Tianan Pharmaceuticals. The companies are focusing on research and development to curb the side effects of acid on human body. Evonik industries has developed a new process for enzymatic synthesis of the amino acid. Company has increased its capacity at the nanning sites (China). It has expanded its production capacities for producing the acid in all forms while being fully backward integrated.      

Request for a Customization of this research report @ www.gminsights.com/roc/1785 L-serine market faces several challenges that include its side effects on human body. The acid has side effects that include chronic diarrhea, constipation, stomach discomfort and frequent urination. With the growing consumer awareness regarding the medicines and its side effects the l-serine market is facing challenges and the growth is hampered. The other reason due to which the consumers stopped taking the acid is because they did not feel the medicine is treating the problem properly.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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