Global aspartic acid market to grow at a CAGR of 5.59% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is growing popularity of packaged food. The processed food and beverage industry accounted for $4.59 trillion in 2016 and is expected to reach $4.68 trillion by 2017. The growth is expected to be approximately 1.5% on a year-over-year basis, owing to benefits of processed foods such as ease to buy, store, and eat.
According to the report, one driver in the market is increasing demand for sweeteners. Consumers increasingly prefer low-sugar content foods. The global consumption of high-intensity sweeteners is highly dependent on the production of low-calorie food, diet carbonated soft drinks, and sugar substitutes. The demand for the entire range of high-intensity sweeteners is strong in APAC due to the high consumption of carbonated soft drinks. The global consumption of high-intensity sweeteners for all applications was estimated at more than 159 kilo metric ton in 2016.
Further, the report states that one challenge in the market is complex manufacturing process and high price of raw material.
- Evonik Industries
- Flexible Solutions International
- Tocris Cookson
Other Prominent Vendors
- Anhui Huaheng Biotechnology
- Beijing FortuneStar S&T Development
- Changmao Biochemical Engineering Company Limited
- Changzhou Yabang Chemical
- IRIS BIOTECH
- KYOWA HAKKO BIO
- Langen Suzhou
- Nanjing Libang Chemical
- Taiyuan Qiaoyou Chemical Industrial
- Tokyo Chemical Industry
Yantai Hengyuan Bioengineering
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation by Application
Part 09: Regional Landscape
Part 10: Decision Framework
Part 11: Drivers and Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/7jkmxm/global_aspartic?w=4