L- Cysteine and Its Hydrochloride Market to Record a CAGR of 1.2% During 2018-2023, Enabling the Market to Exceed $650 million

Technology
L- Cysteine and Its Hydrochloride

L-cysteine is a proteinogenic amino acid contributing to building protein and includes the element sulphur. It can be synthesised in the human liver and is therefore not an essential amino acid. While L-cysteine hydrochloride is a less popular supplementalform of the amino acid L-cysteine.

Currently, there are several companies in the world can produce l-cysteine product, mainly concentrate in China. The main market players are Wacker, Nippon Rika, Ajinomoto, Ningbo Zhenhai Haide Biochem, etc. The production of l-cysteine increased from 12187 Tonnes in 2011 to 14066 Tonnes in 2015, with an average growth rate of 3.72%. Global l-cysteine capacity utilization rate remained at around 83% in 2015.

In consumption market, the growth rate of global consumption is smooth relatively with the 3.56% of average growth rate. China and Europe are still the mainly consumption regions due to the advanced production technology and rapid development of economy.

 

L-cysteine product can be classified into two types: L- Cysteine and L-Cysteine Hydrochloride. L-Cysteine Hydrochloride is widely used in food industry, while L- Cysteine mainly used in pharmaceutical industry. Survey results showed that l-cysteine take 32% of the market.

 

Currently, there are two kinds of commonly used production process of l-cysteine. It includes chemical synthesis and biological fermentation. Due to the different process, the major raw materials for l-cysteine are different. On the global market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of l-cysteine industry.

 

We tend to believe this industry is a mature industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.

 

 

 L- Cysteine and Its Hydrochloride market will register a 1.2% CAGR in terms of revenue, the global market size will reach US$ 620 million by 2024, from US$ 570 million in 2019.

 

 

 

In particular, this report presents the global market share (sales and revenue) of key companies in L- Cysteine and Its Hydrochloride business, shared in Chapter 3.

 

This report presents a comprehensive overview, market shares, and growth opportunities of L- Cysteine and Its Hydrochloride market by product type, application, key manufacturers and key regions and countries.

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This study considers the L- Cysteine and Its Hydrochloride value and volume generated from the sales of the following segments:

 

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.

 

  • L-Cysteine
  • L-Cysteine Hydrochloride

 

Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.

 

  • Food
  • Pharmaceutical Industry
  • Cosmetics Industry
  • Animal Feed
  • Beverage
  • Others

 

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.

 

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

 

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.

 

  • Wacker
  • Nippon Rika
  • Ajinomoto
  • Bachem
  • Ningbo Zhenhai Haide Biochem
  • Wuhan Grand Hoyo
  • Wuxi Bikang
  • Donboo Amino Acid
  • Huaheng Biologgical Technology
  • Shine Star (Hubei) Biological Engineering
  • Bafeng Pharmaceuticals & Chemicals
  • Ningbo Haishuo Biotechnology
  • Premium Ingredient
  • Longteng Biotechnology
  • Haitian Amino Acid

 

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

 

Research objectives

 

  • To study and analyze the global L- Cysteine and Its Hydrochloride consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of L- Cysteine and Its Hydrochloride market by identifying its various subsegments.
  • Focuses on the key global L- Cysteine and Its Hydrochloride manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the L- Cysteine and Its Hydrochloride with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the consumption of L- Cysteine and Its Hydrochloride submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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