L-serine, a white crystalline solid or powder without odour, is an amino acid with the formula HO2CCH(NH2)CH2OH. It is one of the protein genic amino acids.
L-Serine, a white crystalline solid or powder, is usually used as APIs during the medicine synthesis. Also, it can be used in other industries, such as food industry, cosmetics industry and so on.
Among those applications, demand from pharm industry accounted for the largest consumption proportion, which was 44.80% in 2015, followed by food industry with the share of 43.64%.
In the past few years, limited by technology issues, the production of L-serine was mainly dominated by the companies from Europe, USA and Japan. Actually, although some new companies from developing countries, such as China, have entered into the industry, they have to face the technology obstacles, such as the yield rate as well as product performance issues. Leading companies, such as Ajinomoto and Evonik, have large market share of L-serine and highest reputation on their L-serine.
Japan, USA and Europe are the major production bases of L-serine in the world. The three regions held about 77% production share in 2015. As for China, since Ajinomoto, Evonik as well as other companies built plants in the region in the past few years, the country’s L-serine business also develops fast.
Refers to consumption, Europe is the largest consumer. The region consumed about 1870 MT L-serine in 2015. The follower is USA, which consumed about 1450 MT.
Considering the current status, information revealed that the L-serine market will keep increasing in the coming years. It is believed that more and more companies will enter in the field once the technology barrier is broken. Also, the industry will witness fierce competition and price decline further in the next few years.
According to this study, over the next five years the L-serine market will register a 2.2% CAGR in terms of revenue, the global market size will reach US$ 330 million by 2024, from US$ 290 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in L-serine business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of L-serine market by product type, application, key manufacturers and key regions and countries.
This study considers the L-serine value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Pharm Grade
Food Grade
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Pharmaceutical
Food
Cosmetics
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Ajinomoto
Evonik
Kyowa Hakko Bio
Mitsui Chemicals
Amino
Bafeng Pharmaceutical & Chemical
Jinghai Amino Acid
Tianan Pharmceuticals
Jiahe Biotech
Huayang Chemical
Puyer BioPharm
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global L-serine consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of L-serine market by identifying its various subsegments.
Focuses on the key global L-serine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the L-serine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of L-serine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on L-serine . Industry analysis & Market Report on L-serine is a syndicated market report, published as Global L-serine Market Growth 2019-2024. It is complete Research Study and Industry Analysis of L-serine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.