Aspartic acid is a non essential amino acid commonly known as asparaginic acid. The human body is capable of producing aspartic acid without the intake of any food containing aspartic acid. Aspartic acid primarily helps in the release and production of hormones and also, in the functioning of the nervous system. Aspartic acid is essential to assimilate, digest, and utilize calcium, potassium, and magnesium aspartate. Aspartic acid is found in the highest quantities in the brain and has been found to increase neurologic activity. Aspartic acid is commonly found in animals and plants, especially in sugarcane and sugar beets. The common plant source of aspartic acid is legumes such as soybeans, chickpeas, and lentils. The common animal source of aspartic acid includes beef, eggs, salmon, and shrimp. Aspartic acid can be manufactured through enzymatic conversion, protein extraction, chemical synthesis, and fermentation. One of the key applications of aspartic acid is the synthesis of polyaspartic acid as polyaspartic acid is a water soluble and biodegradable amino acid. Therefore, polyaspartic acid has the potential to replace non-biodegradable amino acids. The increasing demand for biodegradable products is expected to drive the global demand of aspartic acid in the years to come.
The major application of aspartic acid is in the manufacturing of polyaspartic acid. Polyaspartic acid is used in industrial applications such as petroleum exploration and water treatment among others. Aspartic acid is used in the production of a non-saccharide sweetener, commonly known as aspartame. Aspartame is commonly used as an artificial sweetener, and finds various applications in the food and beverages industry. Aspartame is mostly used in beverages, bakery products, fruit-based products, syrups, and cereals among others. Other applications of aspartic acid include medicine which is one of the key prospects expected to grow in the next few years. Doctors consider aspartic acid for treating depression and immune function. Furthermore, aspartic acid helps the human body to resist fatigue, and aids in liver detoxification from drugs and chemicals.
Based on the application of aspartic acid, North America is expected to lead the global market during the forecast period. The primary reason for this is the increasing demand of packaged food and high use of sweeteners in the food and beverage industry. Furthermore, the health conscious population prefers sweeteners over traditional sugar, which is majorly driving the market to produce aspartame. Besides, the beverages account for a widespread use of aspartame which is largely consumed in the North America region. After North America, Europe is the second largest market for aspartic acid due to increasing demand of ready-to-eat food, and the high demand of beverages in this region. Technology advancement in both North America and Europe is a crucial factor responsible driving the global aspartic acid market. Furthermore, the existence of favorable government policies in North America and Europe region for manufacturing biodegradable products would boost the aspartic acid market. Besides, Asia Pacific is anticipated to play a vital role in the aspartic acid market. The reason behind this is attributed to the increasing population, rising disposable income, and growing health consciousness among the population that would help to grow the demand of aspartic acid. Furthermore, the enhanced medical applications of aspartic acid would help to grow the market in the next few years.
The major companies operating in the global aspartic acid market include Royal DSM, Tocris Bioscience Co., Ajinomoto Co. Inc., Evonik Industries, Prinova Group LLC, Iris Biotech GmbH, Anaspec Inc., ChemPep Inc., and PepTech Corporation.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.