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.
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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.
Who are the Manufacturers and Suppliers of Acetyl Serine?
Some of the leading manufacturers and suppliers includes
- Merck KGaA
- Guanzhou LES Biological Company Limited
- Alfa Aesar ( Thermo Fisher Scientific)
- Shanghai Hanhong Scientific Company Ltd.
- Energy Chemicals Shanghai
- Bide Pharmatech Limited
- Kyowa Hakko Bio Co. Ltd.
- Others
Acetyl Serine Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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About Future Market Insights (FMI)
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