Phenylalanine Market: Current Analysis and Forecast (2022-2030)

Report Description

The phenylalanine market was valued at USD 780.95 million in 2022 & expected to grow at a strong CAGR of around 3.8% during the forecast period (2023-2030) owing to the growing application across animal feeds and dietary supplement sectors. The phenylalanine market is expanding due to the rising demand for functional foods and dietary supplements. Products that provide nutritional benefits and support overall well-being are becoming increasingly sought after by health-conscious consumers. According to the CDC, in 2023, the average man consumes 35.6% of his daily calories as fat, while women consume 36.1%. However, responses to surveys vary, with 47% indicating that they avoid fat in their diet. In addition, the food and beverages industry’s developing accentuation on protein stronghold is driving the demand for phenylalanine. The market for phenylalanine is also expanding as a result of the rising prevalence of chronic diseases and the growing emphasis on pain management. Phenylalanine demand is also being driven by the pharmaceutical sector. Adding to this, the development of innovative drugs and therapies utilizing phenylalanine and its derivatives further contributes to market growth during the forecast period.

Some of the major players operating in the market include 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. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, DL-phenylalanine segment is expected to grow with a significant CAGR during the forecast period (2023-2030)”

Based on type, the market is segmented into L-phenylalanine, D-phenylalanine, and DL-phenylalanine. Amongst these, the DL-phenylalanine segment is expected to grow with a significant CAGR during the forecast period (2023-2030) owing to the surge in demand for D-phenylalanine as a dietary supplement propelling the growth of the phenylalanine market. The growing awareness of the benefits of natural alternatives to conventional methods of pain management has led to an increase in demand for D-phenylalanine.

“Amongst application, chronic pain held a significant share of the market in 2022.”

By application, the market is segmented into depression, attention deficit disorder, Parkinson’s disease, chronic pain, vitiligo, and others. Among these, chronic pain held a significant share of the market in 2022. The phenylalanine market is expanding due to the prevalence of chronic pain conditions and the demand for natural and effective pain management methods. According to the National Institutes of Health, Phenylalanine will be a novel marker for the progression of radiographic knee osteoarthritis in 2021, and symptomatic knee OA affects about 13% of women and 10% of men over the age of 60.

“Asia-Pacific has extensive growth”

Asia-Pacific is expected to grow with a significant CAGR during the forecast period due to the phenylalanine market has grown significantly because of 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. According to the World Obesity Federation’s 2023 atlas, around 4 billion people, or 51% of the world’s population, are predicted to be obese or overweight in the next 12 years.

 Phenylalanine Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global phenylalanine market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Phenylalanine Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global phenylalanine market were the three major steps undertaken to create and analyze the adoption of phenylalanine in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global phenylalanine market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the phenylalanine market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the phenylalanine market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the phenylalanine market. Further, we conducted factor analysis using dependent and independent variables such as type, application, and end-users of the phenylalanine market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the phenylalanine market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global phenylalanine market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the phenylalanine market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global phenylalanine market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global phenylalanine market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, and end-users in the global phenylalanine market.

The main objective of the Global Phenylalanine Market Study

The current & future market trends of the global phenylalanine market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the phenylalanine market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the type, application, and end-users
• Define and analysis of the regulatory framework for the phenylalanine industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the phenylalanine market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the phenylalanine market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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