L-Tryptophan Market - Forecast(2024 - 2030)

Report Code: HCR 78326 Report Format: PDF + Excel

L-Tryptophan Market Overview

L-Tryptophan Market size is estimated to reach $1.8 billion by 2026, growing at a CAGR of 10.2% during the forecast period 2021-2026. L-Tryptophan is an essential amino acid that helps the body in making proteins and serves important purposes, like nitrogen balance in adults and growth in infants. It can also be converted into several important molecules, including melatonin. This amino acid also plays a major role in creating serotonin, which is a hormone present in various parts of the body. Increase in the adoption of L-Tryptophan in the animal feed industry, rise in the awareness about the various benefits of L-Tryptophan among developed nations, increase in the demand for L-Tryptophan in dietary supplements, and growing applications in the treatment of depression, behavioral disorders, and premenstrual syndrome are the factors that are set to drive the growth of the L-Tryptophan Market for the period 2021-2026.

Report Coverage

The report: “L-Tryptophan Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the L-Tryptophan Market.
By Product Type: Feed Grade and Pharma Grade.
By Application: Animal Feed, Dietary Supplements, Pharmaceuticals, and Others.
By Geography: North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, and Rest of South America) and Rest of World (Middle East and Africa).

Key Takeaways

  • Geographically, North American L-Tryptophan Market accounted for the highest revenue share in 2020 and is poised to dominate over the period 2021-2026 owing to the growing adoption of L-Tryptophan in the animal feed industry.
  • The rise in the adoption of L-Tryptophan amino acid to meet the digestible requirement of animals is driving the Feed Grade segment.
  • The side-effects associated with the use of L-tryptophan is one of the major factors that is said to reduce the growth of the L-Tryptophan Market.
  • Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the L-Tryptophan Market report.

    L-Tryptophan Market: Market Share (%) By Application, 2020L-Tryptophan Market Share
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L-Tryptophan Market Segment Analysis-By Product Type

The L-Tryptophan Market based on the Product Type can be further segmented into Feed Grade and Pharma Grade. The Feed Grade segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 10.4% over the period 2021-2026. This growth is owing to the factors such as growing demand for L-Tryptophan to balance diets for animals and increase in the awareness about the benefits of L-Tryptophan as a feed grade. It does not have any limitation in dosage for the animal feed. The rise in the adoption of L-Tryptophan amino acid to meet the digestible requirement of animals is driving the growth of the L-Tryptophan Market. The Pharma Grade segment held the second largest share in 2020 owing to the factors such as growing demand for L-Tryptophan amino acid for the commercial biomanufacturing of monoclonal antibodies and increasing applications in the treatment of depression, behavioral disorders, and premenstrual syndrome.

L-Tryptophan Market Segment Analysis-By Application

The L-Tryptophan Market based on the Application can be further segmented into Animal Feed, Dietary Supplements, Pharmaceuticals, and Others. The Animal Feed segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 10.6% over the period 2021-2026. This growth is owing to its ability of serving as a building block for proteins and as a crucial nutrient for the functions of the nervous and immune systems. The role of L-tryptophan lies beyond protein synthesis appetite regulation and control of sleep via its metabolite serotonin, which is driving the growth of the L-Tryptophan Market. The Dietary Supplements segment held the second largest share in 2020 owing to the factors such as the growing recommendation of L-Tryptophan in dietary supplements and increase in the investment by the key players to produce natural amino acids for usage in dietary supplements.

L-Tryptophan Market Segment Analysis-By Geography

North America held the largest share with 29% of the overall market in 2020. The growth in this segment is owing to the factors such as increase in the demand for L-Tryptophan in animal feed industry, the presence of key players, and increase in the awareness about the benefits of L-Tryptophan in developed nations. The rise in the adoption of L-Tryptophan amino acid in pharmaceuticals is driving the growth of the L-Tryptophan Market. Asia-Pacific is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as growing demand for L-Tryptophan in dietary supplements and rise in healthcare expenditure.

L-Tryptophan Market Drivers

Rise in the Adoption of L-Tryptophan in the Animal Feed Industry

L-Tryptophan has become an essential amino acid for all animals as it cannot be synthesized in the body. Moreover, it serves as a building block for protein and is a critical nutrient for the functions of the nervous and immune systems in animals. It also increases feed intake and serves as a precursor to niacin in poultry, which is one of the major factors that is driving the growth of the L-Tryptophan Market.

Increase in the Demand for L-Tryptophan in Pharmaceuticals

L-Tryptophan is increasingly being marketed as a prescription drug for those who do not seem to respond well to other antidepressants. It is also useful in increasing serotonin production, promoting healthy sleep, managing depression by enhancing emotional well-being, and managing weight. It is also essential for the production of the body's proteins and muscle tissue, which is propelling the growth of the L-Tryptophan Market.

L-Tryptophan Market Challenges

Side-effects Associated with the Use of L-tryptophan

L-Tryptophan is increasingly being used to treat several halt ailments such as premenstrual dysphoric disorder, depression, and sleep disorders and also helps in the development and functioning of many organs. However, the side-effects associated with the use of L-tryptophan amino acids, such as eosinophilia and kidney diseases is one of the major factors that is estimated to reduce the growth of the L-Tryptophan Market.

L-Tryptophan Market Landscape:

Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the L-Tryptophan Market. Key companies of this market are Glanbia Plc, Archer Daniels Midland Company, Cellmark AB, A & Z Food Additives Co Ltd, Meihua Holdings Group Co Ltd, Bio-Chem Technology Group Company Limited, Evonik Industries AG Personal Care, Wuxi Jinghai Amino Acid Co Ltd, CJ Cheiljedang Corp, and Zhejiang Guoguang Biochemistry Co Ltd among others.

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1. L-Tryptophan Market - Overview
    1.1 Definitions and Scope
2. L-Tryptophan Market - Executive Summary
    2.1 Market Revenue and Key Trends by Company
    2.2 Key trends by Product Type
    2.3 Key trends by Application
    2.4 Key trends by Geography
3. L-Tryptophan Market – Comparative Analysis
    3.1 Product Benchmarking – Key Companies
    3.2 Financial Analysis – Key Companies
    3.3 Market Value Split by Key Companies
    3.4 Patent Analysis – Key Companies
    3.5 Pricing Analysis
4. L-Tryptophan Market - Startup Companies Scenario Premium
    4.1 Key Startup Company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Venture Capital and Funding Scenario
5. L-Tryptophan Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. L-Tryptophan Market Forces
    6.1 Market Drivers
    6.2 Market Constraints/Challenges
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. L-Tryptophan Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle
8. L-Tryptophan Market – By Product Type(Market Size –$Million/$Billion)
    8.1 Feed Grade
    8.2 Pharma Grade
9. L-Tryptophan Market – By Application(Market Size –$Million/$Billion)
    9.1 Animal Feed
    9.2 Dietary Supplements
    9.3 Pharmaceuticals
    9.4 Others
10. L-Tryptophan Market - By Geography(Market Size –$Million/$Billion)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Mexico
        10.1.3 Canada
    10.2 Europe
        10.2.1 U.K.
        10.2.2 France
        10.2.3 Germany
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia Pacific
        10.3.1 China
        10.3.2 India
        10.3.3 Japan
        10.3.4 South Korea
        10.3.5 Australia & New Zealand
        10.3.6 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
        10.5.2 Africa
11. L-Tryptophan Market - Entropy
12. L-Tryptophan Market – Industry/Segment Competition Landscape Premium
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key companies
        12.1.3 Market Share by Countries – Key Companies
        12.1.4 Best Practices for Companies
13. L-Tryptophan Market – Key Company List by Country Premium Premium
14. L-Tryptophan Market Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.

LIST OF TABLES

1.Global L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
1.1 FEED GRADE Market 2023-2030 ($M) - Global Industry Research
1.2 PHARMA GRADE Market 2023-2030 ($M) - Global Industry Research
2.Global L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 (Volume/Units)
2.1 FEED GRADE Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 PHARMA GRADE Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
3.1 FEED GRADE Market 2023-2030 ($M) - Regional Industry Research
3.2 PHARMA GRADE Market 2023-2030 ($M) - Regional Industry Research
4.South America L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
4.1 FEED GRADE Market 2023-2030 ($M) - Regional Industry Research
4.2 PHARMA GRADE Market 2023-2030 ($M) - Regional Industry Research
5.Europe L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
5.1 FEED GRADE Market 2023-2030 ($M) - Regional Industry Research
5.2 PHARMA GRADE Market 2023-2030 ($M) - Regional Industry Research
6.APAC L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
6.1 FEED GRADE Market 2023-2030 ($M) - Regional Industry Research
6.2 PHARMA GRADE Market 2023-2030 ($M) - Regional Industry Research
7.MENA L-TRYPTOPHAN MARKET, BY TYPE Market 2023-2030 ($M)
7.1 FEED GRADE Market 2023-2030 ($M) - Regional Industry Research
7.2 PHARMA GRADE Market 2023-2030 ($M) - Regional Industry Research

LIST OF FIGURES

1.US L-Tryptophan Market Revenue, 2023-2030 ($M)
2.Canada L-Tryptophan Market Revenue, 2023-2030 ($M)
3.Mexico L-Tryptophan Market Revenue, 2023-2030 ($M)
4.Brazil L-Tryptophan Market Revenue, 2023-2030 ($M)
5.Argentina L-Tryptophan Market Revenue, 2023-2030 ($M)
6.Peru L-Tryptophan Market Revenue, 2023-2030 ($M)
7.Colombia L-Tryptophan Market Revenue, 2023-2030 ($M)
8.Chile L-Tryptophan Market Revenue, 2023-2030 ($M)
9.Rest of South America L-Tryptophan Market Revenue, 2023-2030 ($M)
10.UK L-Tryptophan Market Revenue, 2023-2030 ($M)
11.Germany L-Tryptophan Market Revenue, 2023-2030 ($M)
12.France L-Tryptophan Market Revenue, 2023-2030 ($M)
13.Italy L-Tryptophan Market Revenue, 2023-2030 ($M)
14.Spain L-Tryptophan Market Revenue, 2023-2030 ($M)
15.Rest of Europe L-Tryptophan Market Revenue, 2023-2030 ($M)
16.China L-Tryptophan Market Revenue, 2023-2030 ($M)
17.India L-Tryptophan Market Revenue, 2023-2030 ($M)
18.Japan L-Tryptophan Market Revenue, 2023-2030 ($M)
19.South Korea L-Tryptophan Market Revenue, 2023-2030 ($M)
20.South Africa L-Tryptophan Market Revenue, 2023-2030 ($M)
21.North America L-Tryptophan By Application
22.South America L-Tryptophan By Application
23.Europe L-Tryptophan By Application
24.APAC L-Tryptophan By Application
25.MENA L-Tryptophan By Application
26.CELLMARK AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.EVONIK INDUSTRIES AG PERSONAL CARE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.WUXI JINGHAI AMINO ACID CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.A Z FOOD ADDITIVES CO. LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.CJ CHEILJEDANG CORP., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.ZHEJIANG GUOGUANG BIOCHEMISTRY CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.MEIHUA HOLDINGS GROUP CO., LTD., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.GLANBIA PLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.GLOBAL BIO-CHEM TECHNOLOGY GROUP COMPANY LIMITED, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.ARCHER DANIELS MIDLAND COMPANY, Sales /Revenue, 2015-2018 ($Mn/$Bn)