Reports and Data estimates the global Tryptophan competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Tryptophan during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Evonik Industries AG (Germany), Ajinomoto Co., Inc. (Japan), Cargill, Incorporated (U.S.), Daesang Corporation (South Korea), Glanbia Plc (Ireland), Meihua Holdings Group Co. (China), Kyowa Hakko Bio Co., Ltd. (Japan), Fufeng Group (China), AMINO GmbH (Germany), CJ CheilJedang Corporation (South Korea)
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Tryptophan Overview :-
The global tryptophan market size was significantly robust in 2021 and is expected to register a rapid revenue CAGR over the forecast period. Increasing use of tryptophan in the health and wellness industry by athletes for sleep recovery and rest due to its growth hormone related benefits and its adoption in the animal feeding sector pertaining to improving feed quality for poultry are major factors driving market revenue growth.
Tryptophan, usually denoted by ‘Trp’, is an amino acid which is the building block of proteins. Humans cannot generate this chemical on their own, hence it has to be obtained through diet. Eggs, soybeans, chia seeds, and spirulina are some of the major dietary sources of this material. Hence, it is a popular nutrition supplement for those who are unable to meet their daily requirements through food. Since this substance is a precursor to serotonin neurotransmitter, which helps in maintaining the mood, it is very essential in mental health domain. Hence, it is prescribed by psychiatric professionals in cases of insomnia, sleep apnoea, and other sleep disorders.
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For the purpose of this report Reports and Data has segmented global Tryptophan market on the basis of type, application, and region:
Type (Revenue, USD Million; 2019-2030)
- 98% Tryptophan
- Others (99% and 20%)
Application/ End Use Outlook (Revenue, USD Million; 2019-2030)
- Animal Feed
- Food Beverage
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Tryptophan during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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