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North America L-Serine Market To Showcase Significant Growth Via Rising Demand For Pharmaceutical Industry

Author : Ronak Bora | Published Date : 2019-07-11 

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.

MEA will witness a noticeable growth up to 2024. It is world’s fastest growing beauty industry in the next five years and is expecting over 2.5% growth a year. The acid is widely used in cosmetic products as a natural moisturizing agent. Upsurge in cosmetic industry in the country will accelerate its l-serine market.

 Asia Pacific headed by China and India is expecting sustainable growth in the market owing to their production of food products. The acid is commonly used in food supplements for providing nutrition. Rising demand of food and beverages in these countries, will become a major factor and the region will contribute in the growth of the product.

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L-Serine Market size 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.

Growing food & beverage industry with over 10% CAGR in next five years is projected to propel l-serine market. The compound is used widely as nutritional supplement in food production to provide essential amino acids. It is consumed in beverages such as sports drink and amino acid diet drinks to provide nutrition. Positive outlook of food & beverage industry will boost l-serine 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 industry.

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.

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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.      

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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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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