Growing Demand in the Dietary Supplement Industry Due to the Rising Prevalence of Lifestyle Diseases has Propelled the Growth of the Phenylalanine Market in the APAC Region!
- Himanshu Patni
- November 18, 2023
- HEALTHCARE, NEWS
- Phenylalanine Market, Phenylalanine Market Share, Phenylalanine Market Size, Phenylalanine Market Trends
- 0 Comments
The surge in demand for animal protein in the Asia Pacific region due to the growing population and rising incomes is a major factor contributing to the growth of phenylalanine in the animal feed sector. Adding to this is the growing demand in the dietary supplement industry due to the rising prevalence of lifestyle diseases like diabetes, obesity, and cardiovascular disease and the growing awareness of the importance of maintaining a healthy lifestyle. Over 4 billion people, or 51% of the world’s population, are predicted to be obese or overweight in the next 12 years, according to the World Obesity Federation’s 2023 atlas.
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Further, the APAC Phenylalanine Market is expected to grow at a strong CAGR of 3.8% during the forecast period (2022-2030). APAC is anticipated to emerge as the fastest-growing phenylalanine market primarily owing to the growing use of the personal care and cosmetics industry is driven by the growing awareness of the importance of maintaining a youthful and radiant appearance which drives the growth of the phenylalanine market.
FIG. 1 APAC Phenylalanine Market Revenue (2020-2030)- USD Mn
By application, the market is segmented into depression, attention deficit disorder, Parkinson’s disease, chronic pain, vitiligo, and others. Among these, depression is expected to grow with a significant CAGR during the forecast period (2023-2030). The rising number of depression and mental health disorders while phenylalanine supports depression relief because it plays a crucial role in the production of dopamine. According to the Division of Population Health, in April 2023, approximately one in every 25 adults in the United States, adults live with a serious mental illness, such as schizophrenia, bipolar disorder, or major depression.
Based on end-users, the market is segmented into food and beverage, dietary supplements, pharmaceuticals, and others. The food and beverage category is expected to grow at a substantial CAGR during the forecasted period (2023-2030). This is because of widely used in the production of a wide range of food and beverage products. It is commonly used as a flavor enhancer, a source of nutrition, and a preservative. In the food industry, this is extensively used in the production of artificial sweeteners, such as aspartame and sucralose.
For a detailed analysis of the Global Phenylalanine Market browse through – https://univdatos.com/report/phenylalanine-market/
Global Phenylalanine Market Segmentation
Market Insight, by Type
· Microbial Contamination
· Solids
· Residues
· Organic Compounds
Market Insights, by Application
· Gas & Air Quality Monitoring
· Water & Wastewater Analysis
· Soil Analysis
· Construction & Material Testing
Market Insights, by End-Users
· Food and Beverage
· Dietary Supplements
· Pharmaceuticals
· Others
Market Insight, by Region
· North America
o U.S.
o Canada
o Rest of North America
· Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
· APAC
o China
o Japan
o India
o South Korea
o Rest of APAC
· Rest of the World
Top Company Profiles
· 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.
· NOW Foods
