Global Serine Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

L -Serine, D -Serine and DL-Serine.

By Grade;

Food grade, Pharmaceutical grade and Industrial grade.

By Application;

Cosmetics and Personal Care, Hair Care, Skin Care, Pharmaceutical, Nutraceuticals and Research and Laboratory Purposes.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn523305365 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Serine Market (USD Million), 2020 - 2030

In the year 2023, the Global Serine Market was valued at USD 462.74 million. The size of this market is expected to increase to USD 664.26 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.3%.

The global serine market has witnessed significant growth in recent years, driven by its widespread applications across various industries including pharmaceuticals, cosmetics, and food processing. Serine, an amino acid crucial for protein synthesis and the nervous system, is primarily derived from natural sources such as soybean, sweet potato, and other plants. Its versatility extends beyond nutritional supplements to pharmaceutical formulations where it plays a vital role in enhancing drug efficacy. Moreover, the rising demand for natural and organic ingredients in personal care products has further boosted the market for serine, as it offers moisturizing and anti-aging properties.

In the pharmaceutical sector, serine's role in therapeutic applications continues to expand, particularly in neurological disorders and muscle regeneration. Its ability to support protein function and tissue repair makes it indispensable in medical treatments aimed at enhancing patient recovery and overall health. Additionally, advancements in biotechnological processes have enabled the production of serine through microbial fermentation, contributing to the market's growth by ensuring a stable supply chain and cost-effectiveness.

Geographically, North America and Europe dominate the serine market due to their strong pharmaceutical and cosmetic industries, coupled with a growing emphasis on health and wellness products. Asia-Pacific is also emerging as a significant market, driven by increasing disposable incomes, urbanization, and expanding healthcare infrastructure. As the global demand for nutritional supplements and functional foods rises, the serine market is expected to continue its expansion, driven by innovation in product formulations and growing consumer awareness of its health benefits.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Grade
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Serine Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing demand from pharmaceuticals and nutraceuticals
        2. Growth in the cosmetics industry
        3. Technological advancements in production methods
      2. Restraints
        1. High production costs
        2. Regulatory challenges and approvals
        3. Competition from alternative products
      3. Opportunities
        1. Growing awareness of serine benefits in healthcare
        2. Expansion in emerging markets
        3. Research and development for new applications
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Serine Market, By Type, 2020 - 2030 (USD Million)
      1. L -Serine
      2. D -Serine
      3. DL-Serine
    2. Global Serine Market, By Grade, 2020 - 2030 (USD Million)
      1. Food grade
      2. Pharmaceutical grade
      3. Industrial grade
    3. Global Serine Market, By Application, 2020 - 2030 (USD Million)
      1. Cosmetics and Personal Care
      2. Hair Care
      3. Skin Care
      4. Pharmaceutical
      5. Nutraceuticals
      6. Research and Laboratory Purposes
    4. Global Serine Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Ajinomoto Co., Inc.
      2. Evonik Industries AG
      3. Kyowa Hakko Bio Co., Ltd.
      4. Sumitomo Chemical Co., Ltd.
      5. Amino GmbH
      6. Wuhan Yuancheng Gongchuang Technology Co., Ltd.
      7. Shijiazhuang Donghua Jinlong Chemical Co., Ltd.
      8. Merck KGaA
      9. Hubei Xinyuan Biotechnology Co., Ltd.
      10. Monteloeder
  7. Analyst Views
  8. Future Outlook of the Market