DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The “Global Aspartic Acid Market - Growth, Trends and Forecasts (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The aspartic acid market is projected to grow at an estimated CAGR of 6.04% during the forecast period 2018-2023.The expected growth of the aspartic acid market is driven by the increasing preference for convenience food, mainly bakery products. Since aspartic acid is used as a flour coating in bakery products, the demand is expected to increase during the forecast period. The availability of baked products and confectionary is increasing significantly in the market, thus driving the demand for aspartic acid.Shifting of trend towards beverages consumption globally is also expected to have a positive influence on the market growth over the forecast period.
North America is expected to emerge as a largest regional market for the aspartic acid. Presence of sophisticated healthcare infrastructure in the US coupled with increasing artificial sweetener on account of growing consumer awareness is expected to drive its market.
In the developing economies the rise of the income has played a crucial role in the adoption of the western based food products particularly in the Asian and the South American countries. With the increasing prominence of the ready to make and ready to eat food category, there has been increasing demand for sweeteners.
Key Market DevelopmentArcher Daniels Midland Company, opened a new state-of-the-art ingredient innovation center at Biopolis research hub in Singapore. This will help the company to cater to growing demand for nutritious food & beverages in the region.
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Market Segmentation
6. Regional Analysis
7. Competitive Landscape
8. Company ProfilesRoyal DSMTocris Bioscience Co.Ajinomoto Co. Inc.Evonik IndustriesPrinova Group LLCIris Biotech GmbHAnaspec Inc.ChemPep Inc.PepTech Corporation
For more information about this report visit https://www.researchandmarkets.com/research/zt5cpw/global_aspartic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180906005439/en/
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 09/06/2018 07:49 AM/DISC: 09/06/2018 07:49 AM