Global L-Serine Market is Expected to 293.6 Million USD by 2022

The global L-Serine market is valued at 282.8 million USD in 2016 and is expected to reach 293.6 million USD by the end of 2022, growing at a CAGR of 0.63% between 2016 and 2022.

The major players in global L-Serine market include Ajinomoto, Evonik, Kyowa Hakko Bio, Mitsui Chemicals, Amino, Bafeng Pharmaceutical & Chemical, Jinghai Amino Acid, Tianan Pharmceuticals, Jiahe Biotech, Huayang Chemical, Puyer BioPharm.

L-Serine, a white crystalline solid or powder, is usually used as APIs during the medicine synthesis. Also, it can be used in other industries, such as food industry, cosmetics industry and so on. Among those applications, demand from pharm industry accounted for the largest consumption proportion with about 45% share.

In the past few years, limited by technology issues, the production of L-serine was mainly dominated by the companies from Europe, USA and Japan. Actually, although some new companies from developing countries, such as China, have entered into the industry, they have to face the technology obstacles, such as the yield rate as well as product performance issues. Leading companies, such as Ajinomoto and Evonik, have large market share of L-serine and highest reputation on their L-serine.

Japan, USA and Europe are the major production bases of L-serine in the world. The three regions held about 77% production share. As for China, since Ajinomoto, Evonik as well as other companies built plants in the region in the past few years, the country’s L-serine business also develops fast.

Market Segment by Regions, regional analysis covers
USA
Europe
Japan
China
Other
Market Segment Applications, can be divided into
Pharmaceutical
Food
Cosmetics
Others
Market Segment by Type, covers
Pharm Grade
Food Grade
Others

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