Growing awareness in the population towards sports and fitness activities makes Europe a lucrative market for dietary supplements which in turns promotes market growth in Europe.
According to latest research by Future Market Insights, Growth in Amino Acid sales due to rising demand from several end use industries like Animal feed, food and dietary supplements and pharmaceutical sectors to boost the demand for Acetyl serine. This is owing to the application of this product in synthesis of common amino acids.
Hence demand is all set to witness significant market rise during the forecast period, at a projected CAGR of 4-6% during 2021-2031.
What Factor is Driving Demand for Acetyl Serine?
Evolving demand form end use industries such Animal feed additives, food and dietary supplements, and pharmaceutical is likely to provide momentum to acetyl serine sales. Growing consumption of meat along with the need to keep animals healthy & safe for meat production promotes the need for additives in aquaculture, poultry and other animal based products. This in turn is expected to drive the sales for assessment period 2021-2031.
In Addition, due to shifting consumer preferences towards healthy diet and growing urban population, there is increase in demand for dietary supplements such as Vitamins, Minerals, Botanicals, Amino Acids, Enzymes, and Probiotics etc. The demand for these products is providing significant growth opportunities for acetyl serine consumption, given the fact that it is a key ingredient used in manufacturing of such supplements.
Moreover, Pharmaceuticals is also proving itself as a lucrative market for acetyl Serine owing to its application in synthesis of specialty drugs and medicines.
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Growing Awareness Towards Healthy Diet and Increasing Demand for Nutraceuticals Expected to Augment Sales
Due to growing awareness about benefits of healthy food and necessary dietary supplements among the consumers creating robust demand for various dietary supplements which in turn creating significant demand for the ingredients used in their synthesis like acetyl serine.
Consumption of dietary supplements is likely to increase in near future due to promotion of health and fitness activities and various technological advancements like fitness tracker, heart rate monitor etc. which will create robust opportunities for its volume to grow at a significant rate during the forecast period.
In addition, aging population in order to maintain their good health and quality of life consuming supplements as per their needs in order to compensate various changes in their bodies due to aging.
However, high cost of dietary supplements and their ingredients including acetyl serine remains a longstanding challenge for its manufacturers to overcome during the forecast period from 2021 to 2031.
China and Japan Acetyl Serine Market outlook
China creates robust demand for meat and other animal based product in order to cater such a vast population, which in turn creates robust opportunities for the domestic and global manufacturer to grow in the region.
In addition looking at current scenario the pharmaceutical industry is expected to grow at remarkable rate in the near future especially in countries having high research and development activities including China, Japan, US, Russia, and various others.
Japan is well known for its cutting edge production facilities and growing research and development activities which helps the manufacturers to cater the market with new and innovative products.
Europe Demand Outlook for Acetyl Serine
Growing awareness in the population towards sports and fitness activities makes Europe a lucrative market for dietary supplements which in turns promotes market growth in Europe.
In addition, Europe accounts for one largest market for pharmaceutical industry with countries like Germany, Italy, France, UK, and others being on top owing to developing research and development activities in Europe which can also create ample of opportunities.
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In addition, Product also finds various applications under animal feed additives. European Animal feed additives demand is rising from past few years due to rising awareness about the quality of animal derived products among the consumers.
The stringent regulatory scenario governing the health and safety of farmed animals also helps create demand for feed additives and thus propel demand for such products.
Who are the Manufacturers and Suppliers of Acetyl Serine?
Some of the leading manufacturers and suppliers includes
Manufacturers are prominently engaged in research and development activities to provide cutting edge technologies for production with acetyl serine and innovative products to cater diversified demand from multiple end use industries.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Key Segments of Acetyl Serine Market
By Chemical:
By End Use:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
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Oct 20, 2022
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