L-Hydroxyphenylalanine Market

L-Hydroxyphenylalanine Market Analysis by Application (Dietary Supplements and Nutraceuticals, Pharmaceutical, Food and Beverage), by Region - Global Forecast 2022-2032

Analysis of L-Hydroxyphenylalanine market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Global L-Hydroxyphenylalanine Market Snapshot

The L-Hydroxyphenylalanine market size is estimated at USD 530 million in 2022 and is forecast to reach USD 740 million by 2032, growing at a CAGR of 3.4% during 2022-2032.

Fact.MR estimates L-Hydroxyphenylalanine market value to reach USD 740 million valuation by 2032 end, and shall account for nearly 8.4% of the overall amino acid sales value during the period 2022-2032.

Report Attribute

Details

Market size value in 2021A

USD 512 Million

Market size value estimated in 2022E

USD 530 Million

Market forecast value in 2032F

USD 740 Million

Global Growth Rate (2022-2032)

CAGR 3.4%

North America Market Share in 2021

~36%

North America Growth Rate (2022-2032)

CAGR 4.1%

Top 5 Companies Market Share

~32%

Key Companies Profiled

  • Sisco Research Laboratories Pvt. Ltd.
  • Fabrichem
  • Amino GmbH
  • Nippon Rika Co. Ltd.
  • Formedium
  • Alphachem
  • Central Drug House pvt Ltd
  • Yangzhou Gami Biochem Co. Ltd.

Meanwhile, L-Hydroxyphenylalanine consumption is projected to increase with a CAGR of around 3.4% over next decade while valuation being at USD 740 million by 2032 end, evaluates Fact.MR- a market research and competitive intelligence provider.

Additionally, production of L-Hydroxyphenylalanine stood at around 10 Kilo Tons in 2021, accounting for 10.5% of total amino acid production and volume consumption is poised to grow with a CAGR of around 3.8% with production projected to reach 14.5 Kilo Tons by 2032 end.

Attributed to rising popularity of L-Hydroxyphenylalanine as a food supplement, popularity of chemical is projected to increase multifold over the next decade. Moreover, since L-Hydroxyphenylalanine is a kind of amino acid which when produced in the human body helps to set the mood of a person.

Hence, chemical being essential amino acid for neural activity is poised to grow in terms of demand over the period 2022-2032 thus poised to provide high absolute $ opportunity.

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L-Hydroxyphenylalanine Market Historical Outlook (2017-2021) Vs. Forecast Outlook (2022-2032)

As per Fact.MR- a market research and competitive intelligence provider, global L-Hydroxyphenylalanine consumption during the period 2017-2021 grew with a CAGR of around 3.0%. While global volume consumption by 2021 end stood at around 9.5 Kilo Tons. Application which saw major consumption of L-Hydroxyphenylalanine was dietary supplements & nutraceuticals. This can mainly attributed to the growing demand of supplements as an additional measure to improve immunity.

Additionally, projections are that growing popularity of food supplements will provide thrust to the production of L-Hydroxyphenylalanine over next decade especially in high growth regions such as North America and Europe. Consumption is anticipated to be increased owing to chemical’s use in developing anti-cancer drugs thus paving way for usage of L-Hydroxyphenylalanine in pharmaceauticals over the coming decade.

Moreover, rising consumption of L-Hydroxyphenylalanine in pharmaceutical application is poised to grow with higher single-digit CAGR over the projected forecast period. Further, mounting innovation into drug development will drive the consumption of L-Hydroxyphenylalanine 3.1X by 2032.

L-Hydroxyphenylalanine Consumption as Muscle Enhancing Supplement to Boost up Chemical Sales?

Over the past half-decade, L-Hydroxyphenylalanine gained substantial traction as a vital supplement or muscle enhancement. This can mainly be attributed to the growing popularity of gym fitness among young population.

Additionally, sizeable increase in number of individual participants in health and fitness activities is anticipated to boost the demand for chemical over the coming years.

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Country-Wise Analysis

What makes US Growth Driver for L-Hydroxyphenylalanine Consumption? 

US has been projected to be the leading market driving the consumption of L-Hydroxyphenylalanine, owing to rising awareness among consumers regarding positive effects of supplements.

Additionally, rise in healthcare cost along with nutrient deficiency has compelled people to go for additional supplements which can improve efficiency and help improving the mood of a person.

Moreover, since L-Hydroxyphenylalanine has been identified as an important chemical for the development of anti-cancer drug, its adoption will get a major boost in US as there has been a rise in number of cancer patients in the country. Thus providing a major boost to chemical sales.  

L-Hydroxyphenylalanine market forecast by Fact.MR

Category-Wise Analysis

Which Application Projected to Find Major Consumption for L-Hydroxyphenylalanine?

L-Hydroxyphenylalanine consumption as dietary supplements and nutraceuticals is projected to account for major share in the market. This is mainly attributed to change in consumer preference which has led to the rise in popularity of chemical to be used in food supplements.

Additionally, sizeable increase in younger workforce along with growing disposable income is poised to boost up chemicals sales over the projected forecast period thus growing with a CAGR of around 3.2% in the coming decade.

Moreover, projections are that L-Hydroxyphenylalanine application in dietary supplements will provide absolute $ opportunity worth USD 50 Million over the period 2022-2032.

Attributed to these above discussed factors consumption of L-Hydroxyphenylalanine in dietary application will dominate the global market.

What has been the Consumption Rate of L-Hydroxyphenylalanine in Pharmaceutical Industry?

Pharmaceutical application will garner significant share for the consumption of L-Hydroxyphenylalanine owing to usage of chemical as a potent anti-cancer drug.

Moreover, chemical is also being extensively used for the development of medicine used in skin rejuvenation and UV protection. Chemical’s properties have been found very effective in reducing skin damage caused by UV rays thus has gained much popularity in the cosmetic segment as well.

Attributed to these above discussed factors L-Hydroxyphenylalanine application in pharmaceutical industry will provide high absolute $ growth opportunity worth USD 30 Million over the forecast period.

Know thy Competitors

Competitive landscape highlights only certain players
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Competition Landscape

Sisco Research Laboratories Pvt. Ltd., Fabrichem, Amino GmbH, Nippon Rika Co. Ltd., Formedium, Alphachem, Central Drug House pvt Ltd, Yangzhou Gami Biochem Co. Ltd.are some of the major players in the L-Hydroxyphenylalanine market.

Aforementioned market players have been involved in a mix of organic and in-organic growth strategies which has helped them garner market share over past half decade.

Fact.MR has provided detailed information about price points of top manufacturers of L-Hydroxyphenylalanine positioned across regions, in addition to providing sales growth information, production capacity, and speculative production expansion in the recently published report.

Key Segments

  • By Application :

    • Dietary Supplements and Nutraceuticals
    • Pharmaceutical
    • Food and Beverage
    • Other Applications
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

How much is the current worth of the L-Hydroxyphenylalanine market?

Currently, L-Hydroxyphenylalanine market is valued at USD 512 Million.

At what CAGR is the market expected to grow?

L-Hydroxyphenylalanine consumption value is expected to grow at a CAGR of around 3.4% during the period 2022-2032.

How has been the performance of L-Hydroxyphenylalanine market over the past half-decade?

In terms of consumption value, L-Hydroxyphenylalanine grew with a CAGR of around 3.0% during 2017-2021

How have market players racted to the recent developments in L-Hydroxyphenylalanine business?

Key players can been mainly seen involved in carrying out research and development to enhance their competitive advantage.

Who are the key manufacturers of L-Hydroxyphenylalanine?

Top companies in the manufacturing of L-Hydroxyphenylalanine are Sisco Research Laboratories Pvt. Ltd., Fabrichem, Amino GmbH, Nippon Rika Co. Ltd., Formedium, Alphachem, Central Drug House pvt Ltd, Yangzhou Gami Biochem Co. Ltd.

What outlook does the U.S. provides for L-Hydroxyphenylalanine market?

U.S. held around ~25% of the global L-Hydroxyphenylalanine market in 2021.

L-Hydroxyphenylalanine Market

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