Tryptophan Market to Offer Lucrative Growth Opportunities for Players During the Forecast Period 2019 – 2029
Tryptophan is an essential amino acid, which is present in high levels in pumpkin seeds. Some other foods that have significant amount of the tryptophan includes meat, crab, eggs, fish, spinach, dates, spirulina, banana, oat, etc. Tryptophan is needed by the body for the production of serotonin, which is an essential neurotransmitter. Serotonin is required for the production of melatonin in the body that governs body circadian rhythm and helps in the regulating the sleep cycle. Tryptophan is used widely in the animal feed industry and also in the food and beverage industry, clinical nutrition, and dietary supplements. Currently, tryptophan in the market is dominantly produced in a synthetic way through fermentation.
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Increasing Health Consciousness around the Globe is Producing Positive Scenario in the Global Tryptophan Market
Global tryptophan market is majorly driven by the substantial increase in the consumption of animal feed ingredients. Supplementing the feed of the livestock with tryptophan enhances feed intake of the animals such as piglets, since the production of serotonin is increased that affects the appetite of the livestock. By improving the digestive capability of the animals, reduction in the frequency and severity of poor gut health and bacterial proliferation is observed. With the increased performance and body weight gain of the weaned pigs or other animal in short period of time, lower feed consumption with high profit in commercial livestock production is gained. Tryptophan demand in the global market is increasing due to the excellent results observed with the supplementing feed with it.
Tryptophan secondly is driven by the increasing consumption of health products and dietary supplements. Consumption of tryptophan supplements reduces depression and improves mood, provide help for insomnia, improves poor cognition, and other brain conditions. One third of the American adults are seen suffering from insomnia and are not getting sufficient sleep. For the better health, mood, cognitive and physical performance of the body, a good night’s sleep has been proven to be critical. As a result, US health supplements market trends reflects a need for a good sleep products by the consumers and is seen to demand supplements that aids in improving sleep patterns or cycle. Additionally, tryptophan is consumed by bodybuilders to help increase the body weight, since tryptophan may increase the levels of the growth hormones and decrease body fatigue. Health benefits associated with the consumption of tryptophan supplements is likely to increase the sales and boost the global market.
Tryptophan Market Segmentation
The tryptophan market can be segmented on the basis of grade and end use.
On the basis of grade, the tryptophan market can be segmented as:
- Food Grade
- Feed Grade
On the basis of end use, the tryptophan market can be segmented as:
- Food and Beverage
- Animal Feed
- Dietary Supplements
- Cosmetics and Personal Care
Tryptophan Market: Regional Analysis
At present, North America shares majority of the global tryptophan market, which is followed by European countries. Robust animal feed and animal nutrition industry in the North America and Europe is responsible for the higher consumption of tryptophan in the region. On the other hand, Latin America, South Asia, Southeast Asia, especially China, are expected to witness highest growth rate in terms of consumption over the forecast period. This high growth rate is supported by the expansion of food and beverage, animal nutrition, and niche application in other industries such as cosmetics, pharmaceutical, etc. Increasing middle-class population, increasing income of the middle-class population, increasing purchasing power of the consumers are driving the sales of the premium products in the Latin America and Asia and in turn propels the global tryptophan market.
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Tryptophan Market: Key Participants
Some of the market participants in the tryptophan market are:
- Ajinomoto Group
- Cargill Inc.
- CJ CheilJedang Corporation
- Kyowa Hakko Bio Co., Ltd.
- Penta Manufacturing Company