L-Hydroxyphenylalanine Market to Reach a Valuation of USD 740 Million by 2032: Finds Fact.MR

NEW YORK, Jan. 19, 2022 /PRNewswire/ -- Fact.MR – A Market Research and Competitive Intelligence Provider: The global L-Hydroxyphenylalanine market is expected to increase at a CAGR of 3.4% from 2022 to 2032 and reach USD 530 million in 2022. By the end of 2032, the L-Hydroxyphenylalanine market is expected to be worth USD 740 million, accounting for almost 8.4% of total amino acid sales between 2022 and 2032.

Due to the growing popularity of L-Hydroxyphenylalanine as a food supplement, the chemical's popularity is expected to skyrocket over the next decade. Furthermore, L-Hydroxyphenylalanine is an amino acid that, when synthesized in the human body, serves to regulate a person's mood.

As a result, chemical, which is a necessary amino acid for neural activity, is expected to expand in demand between 2022 and 2032, presenting a large absolute dollar opportunity.

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Dietary supplements and nutraceuticals were the most common applications for L-Hydroxyphenylalanine. This is primarily due to an increase in the use of supplements to strengthen immunity.

Furthermore, forecasts show that the increased popularity of food supplements would boost L-Hydroxyphenylalanine production over the next decade, particularly in high-growth regions like North America and Europe. Consumption is expected to rise as a result of the chemical's application in the development of anti-cancer medications, paving the path for L-Hydroxyphenylalanine to be used in pharmaceuticals in the coming decade.

Growing L-Hydroxyphenylalanine demand in pharmaceutical applications is expected to expand at a higher single-digit CAGR throughout the forecast period. Additionally, rising medication research innovation will increase L-Hydroxyphenylalanine consumption by 3.1X by 2032.

There has been an increase in the number of cancer patients in the United States, L-Hydroxyphenylalanine has been recognized as a significant molecule for the development of anti-cancer drugs. As a result, chemical sales will see a significant increase.

Key Takeaways:

• Application of L-Hydroxyphenylalanine in dietary supplements will generate an absolute $ opportunity worth USD 50 Million.
• Application of L-Hydroxyphenylalanine in pharmaceutical industry will generate an absolute $ growth opportunity worth USD 30 Million by 2032.
• U.S to lead the global L-Hydroxyphenylalanine market share on the back of rising awareness among consumers regarding positive effects of supplements

Growth Drivers:

• Growing popularity of food supplements to spur the L-Hydroxyphenylalanine production.
• Development of anti-cancer drugs to propel the growth of L-Hydroxyphenylalanine in pharmaceutical industry.

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Competitive Landscape

Market leaders have used a combination of organic and inorganic growth tactics to gain market share during the last half-decade.

In a recently published research, Fact.MR provides thorough information about price points of leading manufacturers of L-Hydroxyphenylalanine positioned throughout geographies, as well as sales growth information, production capacity, and speculative production expansion.

Key players in the L-Hydroxyphenylalanine Market include:

• Sisco Research Laboratories Pvt. Ltd.
• Fabrichem
• Amino GmbH
• Nippon Rika Co. Ltd.
• Formedium
• Alphachem
• Central Drug House pvt Ltd
• Yangzhou Gami Biochem Co. Ltd.

More Valuable Insights on L-Hydroxyphenylalanine Market

Fact.MR provides an unbiased analysis of the L-Hydroxyphenylalanine market, presenting historical demand data (2017-2021) and forecast statistics for the period from (2022-2032). The study divulges compelling insights on the global L-Hydroxyphenylalanine market with a detailed segmentation on the basis of:

• By Application :
• Dietary Supplements and Nutraceuticals
• Pharmaceutical
• Food and Beverage
• Other Applications
• By Region :
• North America
• Latin America
• Europe
• East Asia
• South Asia & Oceania
• Middle East & Africa

Key Questions Covered in L-Hydroxyphenylalanine Market Report

• The report offers insight into the L-Hydroxyphenylalanine market demand outlook for 2022-2032.
• The market study also highlights projected sales growth for L-Hydroxyphenylalanine market between 2022 and 2032.
• L-Hydroxyphenylalanine market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry.
• L-Hydroxyphenylalanine market share analysis of the key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others.

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SOURCE Fact.MR