What is Global L-Valine Market?
The Global L-Valine Market is a comprehensive study of the global market trends and growth prospects for L-Valine, an essential amino acid used in various industries. This market is a significant segment of the global economy, with a wide range of applications in pharmaceuticals, food, and animal feed. The market's value was estimated at US$ 146.1 million in 2022, and it is projected to reach US$ 166.9 million by 2029. This represents a compound annual growth rate (CAGR) of 1.9% during the forecast period from 2023 to 2029.
Pharmaceutical Grade, Food Grade, Feed Grade, Other in the Global L-Valine Market:
The Global L-Valine Market is segmented based on the grade of L-Valine produced. These grades include Pharmaceutical Grade, Food Grade, Feed Grade, and others. Pharmaceutical Grade L-Valine is used in the production of medicines and health supplements. Food Grade L-Valine is used as a flavor enhancer and a dietary supplement in the food industry. Feed Grade L-Valine is used in animal feed to improve the nutritional value. Other grades of L-Valine are used in various other industries. The production of L-Valine is dominated by Ajinomoto, which accounts for about 27% of the global production.
Pharmaceutical Industry, Food Industry, Feed Industry, Other in the Global L-Valine Market:
The Global L-Valine Market finds its applications in various industries such as the Pharmaceutical Industry, Food Industry, Feed Industry, and others. In the Pharmaceutical Industry, L-Valine is used in the production of medicines and health supplements. In the Food Industry, it is used as a flavor enhancer and a dietary supplement. In the Feed Industry, L-Valine is used in animal feed to improve the nutritional value. Other industries also use L-Valine for various purposes. The China market is the largest consumer of L-Valine, accounting for about 38% of the global market. Europe follows with a 23% share of the global market.
Global L-Valine Market Outlook:
To rephrase the market outlook, the Global L-Valine Market, valued at US$ 146.1 million in 2022, is projected to grow at a CAGR of 1.9% and reach US$ 166.9 million by 2029. Ajinomoto, a major player in the market, contributes to about 27% of the global production. The largest consumer of L-Valine is China, accounting for 38% of the global market, followed by Europe with a 23% share.
Report Metric | Details |
Report Name | L-Valine Market |
Accounted market size in 2023 | US$ 146.1 million |
Forecasted market size in 2030 | US$ 166.9 million |
CAGR | 1.9% |
Base Year | 2023 |
Forecasted years | 2024 - 2030 |
Segment by Type |
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Segment by Application |
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Production by Region |
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Consumption by Region |
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By Company | Ajinomoto, Kyowa Hakko, Evonik, CJ, Fufeng Group, Maidan Biology, Meihua Group, Yichang Sanxia Pharmaceutical, Star Lake Bioscience, Tianjin Tianan, Wellman Bioscience, Jinghai Amino Acid, Bafeng Pharmaceutical, Jiahe Biotech, Luzhou Group, Jirong Pharmaceutical |
Forecast units | USD million in value |
Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |