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The global serine amino acid market size was valued at USD 129.60 million in 2022 and is projected to grow from USD 137.79 million in 2023 to USD 219.72 million by 2030, exhibiting a CAGR of 6.89% during the forecast period.
Serine is a non-essential type of amino acid obtained from food or synthesized by the body from several metabolites, including glycine. It is mainly found in nuts, soybeans, eggs, lentils, meat, chickpeas, and fish. Serine Amino Acid are mainly available in two forms; D-serine and L-serine. L-serine usually finds its applications in the diet, and D-serine is prepared in the body by internal processing on L-serine. The body uses D and L serine to make proteins. D-serine also sends chemical signals to the brain. It may help treat schizophrenia and other brain conditions. Serine is primarily used for Parkinson's disease, schizophrenia, insomnia, memory and thinking skills, depression, and others.
COVID-19 Pandemic Supplemented Serine Amino Acid Demand
The COVID-19 disease's global spread hit the global economy hard, with many industries facing severe damage. However, dietary supplements containing amino acids saw a sudden rise in product sales due to their immunity-boosting qualities for the human body. The elderly population, and consumers with chronic diseases such as chronic respiratory disease, diabetes, cardiovascular disease, chronic kidney disease, and cancer, were more likely to develop serious illnesses within and after the pandemic due to long-lasting after-effects of the disease. Consumers increased consumption of immunity-boosting supplements such as amino acids, vitamins, and minerals. With the rapid growth of dietary supplements and the nutraceutical industry, the demand for amino acids reached an all-time high, causing increased demand for Serine Amino Acid. However, the rapid growth trends in the supplements market are unlikely to prevail, and the industry is expected to normalize to pre-pandemic levels by the end of 2023.
Consumption of Dietary Supplements in Sports & Nutraceutical Industry is an Emerging Trend
Amino acids are used in health supplements to reduce muscle soreness and the risk of cardiovascular disease. Amino acids are also gaining popularity in the sports nutritional supplements industry. With the growth of the sports and wellness industry, a large number of athletes and fitness enthusiasts prefer amino acid supplements for muscle development. Amino acids are increasingly finding their application in functional food and beverages and dietary supplements. In addition, the rapidly growing awareness among consumers for dietary supplements and increasing protein consumption support the Serine Amino Acid Market growth.
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Rising Demand for Vegan Sources of Amino acids is Stimulating the Market Growth
Plant-based proteins are seen as healthier and more sustainable alternatives to meat products, and as a result, many consumers have turned to plant-based amino acid supplements. In the context of finding substitutes for conventional proteins, plant-based amino acids emerge as a predominant source due to their minimal environmental impact and significant health benefits. The advent of new factories and technologies designed to reduce the environmental impact is anticipated to drive market growth, further supplementing demand for Serine Amino Acid.
Additionally, health supplements such as functional foods have globally witnessed high demand in recent years. Dietary supplements and functional proteins containing amino acids are used in competitive sports, bodybuilding, and muscle building and are adopted highly by millennials. Moreover, in diabetes and chronic disease treatment, consumers choose a variety of healthy functional food supplements to replace meals, while also widely embracing nutritional supplements to enhance immunity against cancer for patients undergoing cancer treatment.
Fluctuations in Raw Material Prices are Challenging Market Growth
The raw materials used to produce Serine Amino Acid, including soybeans, wheat, and corn, have recently experienced price fluctuations. This trend is expected to continue over the forecast period as increased consumption of raw materials for other food products manufacturing leads to a limited supply for amino acid production. In addition, rising energy prices are among the other major challenges leading to shortages of raw materials required for Amino acids production. In developing economies such as Asia, Latin America, and Africa, producers often have to make amino acids from poor-quality substitutes such as sorghum or cassava. These alternative ingredients are less digestible than corn and soybeans, which creates loyalty issues among the B2B buyers of raw materials. Such challenges restrict the market growth to some extent and are expected to threaten the market size potentially.
L-Serine Segment Holds a Major Market Share Due to High Consumption in Dietary Supplements Industry
Based on type, the market is classified into L-serine, D-Serine, and DL-Serine. L-serine dominates the market share. L-serine is a non-essential and integral amino acid that controls and smoothens various cellular processes. L-serine metabolism is impaired in type 1, type 2, and gestational diabetes. L-serine supplements improve glucose homeostasis and mitochondrial function while reducing cell death of nerve cells. L-serine dietary supplements are generally considered safe by the FDA.
The U.S. Food and Drug Administration has classified L-serine for human consumption and is considered safe as a food additive at levels below 8.4% of total dietary supplements. With such vast benefits of L-serine, this segment is expected to dominate during the market analysis period.
D-Serine is the second largest segment in the Serine Amino Acid Market analysis. D-serine supplementation helps in reducing symptoms of dementia. D-serine is also applicable on reducing symptoms of schizophrenia and cocaine dependence. These benefits makes D-serine a attractive supplement in pharmaceutical industry, boosting the demand over last few years.
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Dietary Supplements Dominates Due to Higher Demand for Amino Acids
On the basis of application, the market is segmented into dietary supplements, cosmetics, and pharmaceuticals. Higher demand for amino acids from the dietary supplements industry is expected to prevail during the forecast period which is expected to drive the dominance of dietary supplements. The demand for dietary supplements and nutritious functional food is expected to remain high over the next few years.
Adequate levels of amino acids are important for muscle growth and strength. They help to balance atrophy and growth in human muscles. Supplementing the daily diet with Serine Amino Acid can increase body's supply of nitrogen and maintain the adequate levels of amino acids stored in skeletal muscles. Besides consuming them as a dietary supplement, its usage as a sports performance enhancer additive has also been boosted. Amino acids’ post-exercise recovery and muscle-building abilities drive the dietary supplements industry and are anticipated to boost the application segment with high demand for Serine Amino Acid. Over the last few years, the pharmaceutical industry has evolved in terms of exploring new supplements to be used in new medicinal formulations to treat various diseases. With new research being carried out by R&D facilities and scientists exploring the new application of amino acids in the pharmaceutical industry, demand for amino acids, especially serine group, is constantly elevating, and this trend is expected to prevail in the forecast period, making pharmaceutical application growth a highest growing over the analysis period.
North America Serine Amino Acid Market Size, 2022 (USD Million)
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Asia Pacific dominates the global market size, with the highest turnover in the industry of more than 50% of the global serine amino acid market share. Rising health problems and increasing awareness about prioritizing personal health are the major factors expected to augment the dietary supplement demand in developing economies such as India, China, South Korea, Japan, and Australia, thus increasing the demand for amino acids. The shift toward ready-to-drink beverage (RTD) supplements is expected to positively affect amino acid demand, thereby increasing regional amino acid consumption.
North America is the second-largest region in the global market. The dietary supplements and pharmaceutical industries are the region’s forefront consumers. The prevalence of major market players in the dietary supplements and pharmaceutical industry is high in the U.S., which supplements the high demand for Amino acids in North America. Consumers in the U.S. are becoming more label cautious and are choosing the best amino acids according to their dietary needs, and this trend is expected to augment the market growth.
Europe holds the third position in the market. Demand for Amino acids can be seen growing mainly in the pharmaceutical industry owing to the large number of research studies published based on its effectiveness in treating cardiovascular diseases. Moreover, Europe is home to many of the leading cosmetic companies in the world and has many R&D facilities in Europe. With the benefits of Serine Amino Acid in the personal care industry continuously being explored, the demand for them from this industry is expected to supplement the market growth in Europe during the forecast period.
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Key Players Focus on Expansion of Businesses in New Geographies to Stay Competitive
The Serine Amino Acid industry comprises local players, and the number of local players exceeds that of international players. Considering the increasing demand for Amino acids, market players are making their products available in international markets by expanding or entering into partnerships with other local players in the respective markets. In May 2023, Lifespin GmbH, a medical diagnostics company, launched Lifespin Amino Acid Profiler LAAP. This is its first product for use in the diagnostics field.
An Infographic Representation of Serine Amino Acid Market
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The market research report provides a detailed market analysis and focuses on key aspects such as key players, competitive landscape, types, and applications. Moreover, the report offers key insights into the market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the market's growth over recent years.
CAGR of 6.89% from 2023 to 2030
Value (USD Million)
Fortune Business Insights study shows that the market size was USD 129.60 million in 2022.
The market is likely to grow at a CAGR of 6.89% over the forecast period (2023-2030).
The L-serine segment is expected to be the leading segment in this market during the forecast period.
Rising demand for amino acids from the nutraceutical industry stimulates the market growth.
Evonik Industries AG, Ajinomoto OmniChem NV, and Tokyo Chemical Industry Co., Ltd. are the major players in the market.
Asia Pacific dominated the market in terms of sales in 2022.
Fluctuations in raw material prices are challenging market growth.
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