The global Tryptophan market was valued at 69.32 Million USD in 2021 and will grow with a CAGR of 13.21% from 2021 to 2027, based on HNY Research newly published report.

The prime objective of this report is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, this report covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

Tryptophan (Trp) is an amino acid. For many organisms (including humans), tryptophan is an essential amino acid and cannot be synthesized by the organism. Tryptophan can be found in various fields of the chemical, animal feed and pharmaceutical industries. The largest consumer of tryptophan is feed industry. Tryptophan is usually the fourth limiting amino acid after lysine, threonine and the sulphur amino acids (methionine + cysteine) for piglets and very often the third one after lysine and threonine for fattening pigs. According to stereoisomer, tryptophan has three types, L-Tryptophan, D-Tryptophan, and DL- Tryptophan. But only L-Tryptophan can be absorbed by animals and humans. So in this report we just statistic L-Tryptophan. The technical barriers of tryptophan are high, and the tryptophan market concentration degree is relatively higher. The manufacturing bases scatter around the world; the key companies in tryptophan market include CJ, Ajinomoto, Evonik, Henan Dragon Biological and Meihua. The key factors driving the growth of the aforementioned industry are feed industry. With the improvement of household income and protein meat consumption, animal feed has been a huge increase in demand. The increased consumption of tryptophan is expected to continue during the remaining years of the forecast period of 2015-2020. Tryptophan industry will usher in a huge growth space. Up to now, Henan Dragon Biological and Meihua occupy relatively large market share in China, There are other small enterprises in this market. Local Chinese tryptophan enterprises have large market share, and Chinese products are exported to the United States, Germany, France and other Southeast Asia countries.

By Market Verdors:

CJ

Ajinomoto

Evonik

Henan Dragon Biological

Meihua

By Types:

Feed Grade

Pharma Grade

Food Grade

By Applications:

Feed

Pharmaceutical

Food Nutrient Products

Key Indicators Analysed

Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.

Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.

Market Trends: Market key trends which include Increased Competition and Continuous Innovations.

Opportunities and Drivers: Identifying the Growing Demands and New Technology

Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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