Home > > Global Aspartic Acid Market Report
The Aspartic Acid market was valued at $105.2 Million in 2023, and is projected to reach $153.7 Million by 2030 growing at a CAGR of 5.62% from 2024 to 2030. Polyaspartic Acid segment is expected to be the highest contributor to this market, with $34.1 Million in 2023, and is anticipated to reach $46.3 Million by 2030, registering a CAGR of 4.52%. L-Alanine segment is anticipated to reach $18.8 Million by 2030 with the highest CAGR of 9.23%. Polyaspartic Acid and Feed Supplements segments collectively expected to account for about 54.1% share of the Aspartic Acid market in 2023, with the former constituting around 32.4% share. L-Alanine and Aspartame segments are expected to witness significant growth rates at a CAGR of 9.23% and 7.92% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 22.4% in the overall Aspartic Acid market in 2023, and is anticipated to reach 27.1% by 2030. Application Feed Supplements Medicine Polyaspartic Acid Aspartame L-Alanine Other Applications BY REGION North America U.s. Canada Europe Germany U.k. France Italy Spain Rest of Europe Asia China Japan South Korea India Indonesia Rest of Asia Middle East & Africa Brazil Mexico South Africa Australia Rest of MENA