The pharmaceuticals industry is foretold to significantly drive the demand in the market. By the end of 2023, the total global histidine consumption is predicted to touch 3,166 MT. The demand for histidine is foreseen to increase in the future. As per the report, prices are anticipated to remain stable in the global histidine industry.
Global Histidine Market: Drivers and Restraints
The demand for histidine is prognosticated to increase in emerging economies due to the rise in the number of malnutrition patients. The global market is anticipated to gain momentum because of increasing health concerns among the ever-growing world population.
However, sluggish economic growth in some countries is prophesied to negatively affect the global market. Moreover, availability of cheaper substitutes is expected to hamper the demand for histidine.
Nevertheless, the demand for histidine is envisaged to increase due to rising stress levels observed in adults. Busy lifestyles and unbalanced diet are other factors that cause the deficiency of L-histidine, leading to growth disruptions or even rheumatoid arthritis. Histidine deficiency can also be found in infants, which is anticipated to further add to the demand growth.
Growing interest of medical and research institutes, research and development laboratories, food industry, biopharmaceutical companies, and pharmaceutical companies in histidine is predicted to push the growth of the global market.
Global Histidine Market: Forecast by Product and Application
On the basis of product, the global histidine market is classified into hydrolysis and fermentation methods. The hydrolysis method is mainly used by Chinese manufacturers, but their production is limited. On the other hand, Japanese manufacturers such as Ajinomoto and Kyowa Hakko Bio are observed to use the fermentation method to produce histidine.
By application, the report covers four segments, i.e. food, feed, pharmaceuticals, and others. In 2017, pharmaceuticals consumed the largest amount of histidine, followed by food and feed.
Global Histidine Market: Forecast by Region
Geographically, the global histidine market is segmented into Southeast Asia, Japan, India, Europe, China, North America, and other regions, namely the MEA and Central and South America.
The U.S., Europe, Japan, and China are the key consumption markets for histidine. In 2017, Japan was a major export market, followed by China, Europe, and the U.S.
China and Japan witness a large concentration of histidine production bases. Japan was the largest production market in 2017, followed by China.
Global Histidine Market: Competitive Landscape
According to the report, there are a limited number of suppliers operating in the market. Ajinomoto and Kyowa Hakko Bio are the two top suppliers in the global histidine industry. Among them, Kyowa Hakko Bio secured a larger production share of the market in 2017.
Global Histidine Market: Key Players
The report profiles five leading companies of the market, viz. Huaheng Biologgical, KingYork Group, Shine Star Biological Engineering, Ajinomoto, and Kyowa Hakko Bio.
Full Report Overview@ https://www.qyresearch.com/index/detail/399024/global-histidine-market