Aspartic Acid Market Regional Analysis

Global Aspartic Acid Market size was valued at USD 103.2 million in 2023 and is poised to grow from USD 109.91 million in 2024 to USD 181.9 million by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).

Global aspartic acid market is fairly fragmented with the presence of many regional and global players operating around the globe. The major players of the global market are implementing on several business strategies including acquisition, partnerships, research & development activities, and new product launches for the expansion of their geographical presence, product portfolio, and strengthen their market position. 'Evonik Industries AG (Germany) ', 'Ajinomoto Co., Inc. (Japan) ', 'Prinova Group LLC (USA) ', 'Kyowa Hakko Bio Co., Ltd. (Japan) ', 'ADM (Archer Daniels Midland Company) (USA) ', 'Amino GmbH (Germany) ', 'Yantai Hengyuan Bioengineering Co., Ltd. (China) ', 'Donboo Amino Acid Co., Ltd. (South Korea) ', 'Iris Biotech GmbH (Germany) ', 'AnaSpec, Inc. (USA) ', 'ChemPep Inc. (USA) ', 'Tocris Bioscience (UK) ', 'Flexible Solutions Inc. (Canada) ', 'Taiwan Amino Acids Co. Ltd. (Taiwan) ', 'BI Nutraceuticals (USA) ', 'Sichuan Tongsheng Amino acid Co., Ltd (China) ', 'Wacker Chemie AG (Germany) ', 'CJ CheilJedang Corp. (South Korea) ', 'Phibro Animal Health Corporation (USA) ', 'Kemin Industries, Inc. (USA) '

Growing demand for dietary supplements around the world due to rising awareness of several benefits of dietary supplements and increasing acceptance of these products as a daily need among consumers is the major factor projected to drive the growth of the global aspartic acid market during the coming years. Aspartic acid is highly utilized in dietary supplements because it helps in increasing muscle mass and testosterone levels in men and women as well. In addition, growing population is another factor which is likely to propel the demand for dietary supplements and in turn, aspartic acid demand is also increasing at a significant rate.

In the last few years, the continuously growing demand for sports nutrition products worldwide is propelling the global demand for aspartic acid. Increasing prevalence of protein powders, energy drinks, and health supplements among bodybuilders, fitness freaks, and athletes is one of the key factors fueling the growth of the market of the global aspartic acid in the next coming years. Furthermore, increasing disposable income of consumers and rapid pace of urbanization is stroking the global demand.

Globally, North America dominated the aspartic acid market in 2021 with a holding of significant market share and is set to continue its dominance during the forecast period. Rising popularity of ready to eat and ready to drink products because of the hectic lifestyle, high income, and easy availability of these products are the major factors driving the growth of the market in the region. Furthermore, presence of key market players in the region such as ChemPep Inc., Peptech Biosciences Ltd., and Tocris Bioscience and early adoption of advanced technology are few factors projected to drive the market growth in the coming years.