Serine Market Outlook
Serine is a non-essential amino acid that occurs naturally in the human body and is used for various biological processes. Serine is available in various different types naturally in the body. These different types are L-, D- and DL-Serine. It is usually in a crystalline form and is white in colour and odourless.
These have different purposes and the commercial production of different types of serine is according to its end use applications. Serine is also used for research purposes in laboratories and in educational institutions. In the cosmetics and the personal care industry, serine is used in skin care and hair care products. Serine is a key component in developing and manufacturing a wide spectrum of active pharmaceutical ingredients (APIs) and supplements.
But the consumption of serine in excess is also known to have adverse effects on the human body and thus there are regulations on the addition or consumption of serine in nutraceutical and pharmaceutical products.
L-Serine High in Demand than the Other Serine Types and Derivatives
The type of serine that is mainly used for a commercial purpose is the L-serine. This is because there are many end-use applications for L-Serine. It is being used in the pharmaceutical, nutraceutical and the personal care and cosmetics industry. Even though the starting process for the production of all types of serine is the same, the cost of production of L-Serine is comparatively less than the other types of serine as the process later on differs. Also, due to its low price, L-Serine is more preferred in the end use industries than the other types. It is also being used as an important ingredient in parenteral and enteral nutrition.
Serine Market: Segmentation
The global serine market has been segmented on the basis of type, grade and application.
On the basis of type, the global serine market has been segmented as –
- L -Serine
- D -Serine
On the basis of grade, the global serine market has been segmented as-
- Food grade
- Pharmaceutical grade
- Industrial grade
On the basis of application, the global serine market has been segmented as-
- Cosmetics and Personal Care
- Hair Care
- Skin Care
- Research and Laboratory Purposes
Serine Market: Regional Analysis
The major demand for serine is in the pharmaceutical and nutraceutical industry. Due to this, the U.S. has become the major consumer for serine in the global market owing to its increased use in the pharmaceutical industry. The increased consumption of nutraceuticals in the developed regions such as North America and Europe is also a driving factor for the demand of serine in the market. Also, China is a major producer of different types of serine. In the Asia Pacific region, China and India are the major consumers due to the growing nutraceuticals, cosmetics, and pharmaceutical industry. Thus, these countries are anticipated to grow at a very high rate in the serine market in the upcoming years. Also, the serine market in the Middle East and Africa region is expected to have a growth rate in the upcoming years due to the personal care industry growing at a very high rate.
The serine is produced in an enzymatic reaction and extraction processes using microbial strains. But this limits the production of serine on an industrial scale. Due to this, the manufacturers have started using renewable feedstock for the production of L- serine.
Serine Market: Key Participants
The key participants in the global serine market are as follows:
Evonik Nutrition & Care GmbH,Ajinomoto Co. Inc.,Kyowa Hakko Bio Co. Ltd.,Mitsui Chemicals, Inc.,Wuxi Jinghai Amino Acid Co., Ltd. ,Hubei Provincial Bafeng Pharmaceuticals & Chemicals Share Co. Ltd.,Shantou Jiahe Biologic Technology Co. Ltd.,Hebei Huayang Amino Acids Group Company Limited,Acerbland Ingredients Co. Ltd.,Puyer BioPharm & Tianan Pharmceuticals
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