Phenylalanine Market to Grow with a CAGR of 3.49% through 2028

Increasing cases of anxiety and depression in people are expected to drive the Global Phenylalanine Market growth in the forecast period, 2024-2028.

According to TechSci Research report, “Phenylalanine Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Phenylalanine Market stood at USD 550.13 Million in 2022 and is anticipated to grow with a CAGR of 3.49% through 2028. Depression, attention deficit hyperactivity disorder (ADHD), Parkinson\'s illness, multiple sclerosis, vitiligo, acupuncture anesthesia, osteoarthritis, rheumatoid arthritis, weight reduction, and alcohol withdrawal symptoms are all treated with phenylalanine. Phenylalanine is a protein-producing amino acid that is utilized to control anxiety and depression levels. Therefore, the global phenylalanine market is expected to be driven by an increase in rate of depression among various age groups. According to World Health Organization (WHO) figures, over 300 million people of all ages suffered from depression, with about 800,000 individuals dying by suicide as a result of anxiety disorders and depression as the primary cause. Furthermore, the phenylalanine industry is being driven by the rising frequency of pain and chronic disorders such as cancer and others. According to the National Cancer Institute, approximately 1,735,350 new instances of cancer were identified in the United States in 2018, with 609,640 individuals projected to die from the disease.

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The Global Phenylalanine Market is segmented into Medication Type, Application, End Users, and company.

Based on the Type, the L-Phenylalanine segment is anticipated to witness substantial market growth throughout the forecast period. L-Phenylalanine, a vital component of the global phenylalanine market, is poised to be a key driver of growth. This essential amino acid serves as a building block for proteins and neurotransmitters, making it integral to various industries, particularly in pharmaceuticals and food additives. In the pharmaceutical sector, L-Phenylalanine is utilized in the production of drugs and nutritional supplements, contributing to its increasing demand due to its potential health benefits. In the food and beverage industry, L-Phenylalanine's role in the synthesis of aspartame, a widely-used low-calorie sweetener, positions it as a crucial ingredient for formulating sugar-free and low-calorie products. As consumer preferences shift towards healthier alternatives, the demand for such products is on the rise, propelling the growth of the global phenylalanine market. Furthermore, the versatility of L-Phenylalanine in the development of functional foods, energy drinks, and dietary supplements aligns with the evolving trends in the health and wellness sector. Manufacturers are leveraging the amino acid's properties to innovate and meet the demands of health-conscious consumers, thereby contributing significantly to the expansion of the global phenylalanine market.

Based on the End-Users segment, the Hospital Pharmacies segment has been the dominant force in the market. The dynamic growth of the global phenylalanine market is intricately tied to the robust expansion of the food and beverage industry. Phenylalanine, as an essential amino acid, plays a pivotal role in the production of aspartame, a widely-utilized low-calorie sweetener prominently featured in the formulation of numerous food and beverage products. With an increasing global population and evolving consumer preferences, the demand for healthier alternatives and low-calorie options has surged, propelling the prominence of phenylalanine in the industry. As health-consciousness becomes a paramount consideration for consumers, food and beverage manufacturers are actively incorporating phenylalanine to develop products that cater to the growing preference for reduced sugar and calorie content. This amino acid's versatility extends beyond sweetening; its contribution to protein synthesis makes it a valuable component in functional foods and beverages, aligning with the industry's focus on providing not just sustenance but also nutritional benefits. Furthermore, the continuous innovation in product formulations, driven by the need to meet diverse consumer demands, positions phenylalanine as a key ingredient in the evolving landscape of the food and beverage market.

Major companies operating in Global Phenylalanine Market are:

• Ajinomoto Co., Inc.
• DAESANG
• Livzon
• KYOWA HAKKO BIO CO., LTD.
• Amazing Nutrition
• AMINO GmbH
• Wuxi Jinghai Amino Acid Co., Ltd.
• Shijiazhuang Jirong Pharmaceutical Co., Ltd.
• Shijiazhuang Haitian Amino Acid Co., Ltd.

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“The Global Phenylalanine Market is experiencing robust growth driven by several key factors. Firstly, the increasing demand for phenylalanine in the food and beverage industry is a significant driver. Phenylalanine is an essential amino acid widely used as a sweetener and flavor enhancer in various food and beverage products, contributing to its heightened consumption. The rising awareness of health and wellness among consumers has led to a surge in demand for dietary supplements and functional foods, where phenylalanine plays a crucial role. As people become more conscious of their nutritional intake, the demand for products containing phenylalanine as a nutritional supplement has witnessed a substantial uptick. The pharmaceutical industry's reliance on phenylalanine for the synthesis of certain drugs and medications has contributed to market growth. The pharmaceutical sector's expansion, driven by an aging global population and increasing prevalence of chronic diseases, has further fueled the demand for phenylalanine.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

“Phenylalanine Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Medication Type (Monotherapy, Combination Therapy), By Drug Type (Aminoglycoside, Cephalosporin, Carbapenem, Monobactam, Others), By Route Of Administration (Nasal, Oral, Intravenous), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Region, By Competition”, has evaluated the future growth potential of Global Phenylalanine  Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Phenylalanine Market.

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