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Global Serine Amino Acid Market to reach USD 220.85 million by the end of 2030.

Global Serine Amino Acid Market Size Study & Forecast, by Type (L-Serine, D-Serine, DL-Serine), by Application (Dietary Supplements, Pharmaceutical, Cosmetics), and Regional Analysis, 2023-2030

Product Code: CMCC-56571968
Publish Date: 20-12-2023
Page: 200

Global Serine Amino Acid Market is valued at approximately USD 129.60 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.89% over the forecast period 2023-2030. Serine is an amino acid that the body can synthesize or obtain from dietary sources, including foods such as nuts, soybeans, eggs, lentils, meat, chickpeas, and fish. There are two primary forms of serine: D-serine and L-serine. L-serine is commonly used in dietary applications, while D-serine is synthesized internally from L-serine and serves as a crucial component in protein synthesis. Additionally, D-serine plays a role in transmitting chemical signals to the brain, potentially offering therapeutic benefits for conditions such as schizophrenia and other brain-related disorders. Serine is employed in various medical contexts, including the treatment of Parkinson’s disease, schizophrenia, insomnia, memory and cognitive functions, depression, and others. The Serine Amino Acid Market is expanding because of factors such as the growing awareness regarding the health benefits of serine, the rising use of serine in the food and beverage industry, and surging demand for vegan sources of amino acids.

In addition, the soaring demand for dietary supplements is further attributed for market growth across the globe. Serine is a popular ingredient in dietary supplements as it offers a number of health benefits such as improved cognitive function, reduced stress levels, and better sleep quality.
growing focus on health and wellness, driven by consumer awareness, can boost the demand for dietary supplements containing amino acids such as serine. The focus on improving mental and physical health is increasing, which, in turn, bolsters the demand for supplements that include serine. According to Statista, in 2021, the dietary supplements sector was estimated to valued USD 205 billion globallyand the sector is progressively growing and projected to reach USD 308 billion by 2028. Thus, these aforementioned factors are propelling the growth of the Serine Amino Acid Market during the estimated period. Moreover, the expanding applications of serine in the pharmaceutical industry, as well as the rising development of new products and applications present various lucrative opportunities over the forecast years. However, the stringent regulatory standards and quality control requirements, along with the fluctuating raw material costs are challenging the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Serine Amino Acid Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific dominated the market in 2022 owing to the growing health concerns and a heightened awareness of the importance of personal well-being. Furthermore, the trend towards Ready-To-Drink Beverage (RTD) supplements, as well as the growing old population and the rising occurrence of continual illnesses are anticipated to positively influence the demand for amino acids, consequently boosting the regional Serine Amino Acid Market. Whereas, North America is expected to grow at a significant CAGR over the forecast years. The region boasts a significant presence of major industry players in both the dietary supplements and pharmaceutical sectors, contributing to the substantial demand for serine amino acids.

Major market players included in this report are:
Tokyo Chemical Industry Co., Ltd. (Japan)
Thermo Fisher Scientific Inc. (U.S.)
Merck KGaA (Germany)
KYOWA HAKKO BIO CO., LTD. (Japan)
Evonik Industries AG (Germany)
Ajinomoto Co., Inc. (Japan)
Sichuan Tongsheng Amino Acid Co., Ltd (China)
Lipotec S.A.U. (Spain)
Bioven Ingredients (India)
Mitsui Chemicals, Inc. (Japan)

Recent Developments in the Market:
Ø In September 2021, Element Nutritional Sciences Inc. introduced JAKTRX Pro amino acids, a cutting-edge product catering to the sports nutrition industry. This formulation features plant-based amino acids with an enhanced dosage, offering a significant advancement for athletes and fitness enthusiasts.
Ø In December 2020, Otsuka Pharmaceutical Factory, Inc. unveiled ENEFLUID Injection, a comprehensive injection containing fat, glucose, electrolytes, amino acids, and water-soluble vitamins. This marks the company’s debut in Japan’s peripheral parenteral nutrition market, featuring a unique combination of fats, water-soluble vitamins, electrolytes, glucose, and amino acids.

Global Serine Amino Acid Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
L-Serine
D-Serine
DL-Serine

By Application:
Dietary Supplements
Pharmaceutical
Cosmetics

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Serine Amino Acid Market, by Region, 2020-2030 (USD Million)
1.2.2. Serine Amino Acid Market, by Type, 2020-2030 (USD Million)
1.2.3. Serine Amino Acid Market, by Application, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Serine Amino Acid Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Serine Amino Acid Market Dynamics
3.1. Serine Amino Acid Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Surging demand for vegan sources of amino acids
3.1.1.2. Rising demand for dietary supplements
3.1.2. Market Challenges
3.1.2.1. Stringent regulatory standards and quality control requirements
3.1.2.2. Fluctuating raw material costs
3.1.3. Market Opportunities
3.1.3.1. Expanding applications of serine in the pharmaceutical industry
3.1.3.2. Rising development of new products and applications
Chapter 4. Global Serine Amino Acid Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Serine Amino Acid Market, by Type
5.1. Market Snapshot
5.2. Global Serine Amino Acid Market by Type, Performance – Potential Analysis
5.3. Global Serine Amino Acid Market Estimates & Forecasts by Type 2020-2030 (USD Million)
5.4. Serine Amino Acid Market, Sub Segment Analysis
5.4.1. L-Serine
5.4.2. D-Serine
5.4.3. DL-Serine
Chapter 6. Global Serine Amino Acid Market, by Application
6.1. Market Snapshot
6.2. Global Serine Amino Acid Market by Application, Performance – Potential Analysis
6.3. Global Serine Amino Acid Market Estimates & Forecasts by Application 2020-2030 (USD Million)
6.4. Serine Amino Acid Market, Sub Segment Analysis
6.4.1. Dietary Supplements
6.4.2. Pharmaceutical
6.4.3. Cosmetics
Chapter 7. Global Serine Amino Acid Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Serine Amino Acid Market, Regional Market Snapshot
7.4. North America Serine Amino Acid Market
7.4.1. U.S. Serine Amino Acid Market
7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Serine Amino Acid Market
7.5. Europe Serine Amino Acid Market Snapshot
7.5.1. U.K. Serine Amino Acid Market
7.5.2. Germany Serine Amino Acid Market
7.5.3. France Serine Amino Acid Market
7.5.4. Spain Serine Amino Acid Market
7.5.5. Italy Serine Amino Acid Market
7.5.6. Rest of Europe Serine Amino Acid Market
7.6. Asia-Pacific Serine Amino Acid Market Snapshot
7.6.1. China Serine Amino Acid Market
7.6.2. India Serine Amino Acid Market
7.6.3. Japan Serine Amino Acid Market
7.6.4. Australia Serine Amino Acid Market
7.6.5. South Korea Serine Amino Acid Market
7.6.6. Rest of Asia Pacific Serine Amino Acid Market
7.7. Latin America Serine Amino Acid Market Snapshot
7.7.1. Brazil Serine Amino Acid Market
7.7.2. Mexico Serine Amino Acid Market
7.8. Middle East & Africa Serine Amino Acid Market
7.8.1. Saudi Arabia Serine Amino Acid Market
7.8.2. South Africa Serine Amino Acid Market
7.8.3. Rest of Middle East & Africa Serine Amino Acid Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Tokyo Chemical Industry Co., Ltd. (Japan)
8.3.1.1. Key Information
8.3.1.2. Overview
8.3.1.3. Financial (Subject to Data Availability)
8.3.1.4. Product Summary
8.3.1.5. Recent Developments
8.3.2. Thermo Fisher Scientific Inc. (U.S.)
8.3.3. Merck KGaA (Germany)
8.3.4. KYOWA HAKKO BIO CO., LTD. (Japan)
8.3.5. Evonik Industries AG (Germany)
8.3.6. Ajinomoto Co., Inc. (Japan)
8.3.7. Sichuan Tongsheng Amino acid Co., Ltd (China)
8.3.8. Lipotec S.A.U. (Spain)
8.3.9. Bioven Ingredients (India)
8.3.10. Mitsui Chemicals Inc. (Japan)
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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