L-Tryptophan Market size is estimated to reach $1.8 billion by 2026, growing at a CAGR of 10.2% during the forecast period 2021-2026. L-Tryptophan is an essential amino acid that helps the body in making proteins and serves important purposes, like nitrogen balance in adults and growth in infants. It can also be converted into several important molecules, including melatonin. This amino acid also plays a major role in creating serotonin, which is a hormone present in various parts of the body. Increase in the adoption of L-Tryptophan in the animal feed industry, rise in the awareness about the various benefits of L-Tryptophan among developed nations, increase in the demand for L-Tryptophan in dietary supplements, and growing applications in the treatment of depression, behavioral disorders, and premenstrual syndrome are the factors that are set to drive the growth of the L-Tryptophan Market for the period 2021-2026.
Geographically, North American L-Tryptophan Market accounted for the highest revenue share in 2020 and is poised to dominate over the period 2021-2026 owing to the growing adoption of L-Tryptophan in the animal feed industry.
The rise in the adoption of L-Tryptophan amino acid to meet the digestible requirement of animals is driving the Feed Grade segment.
The side-effects associated with the use of L-tryptophan is one of the major factors that is said to reduce the growth of the L-Tryptophan Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the L-Tryptophan Market report.
L-Tryptophan Market Segment Analysis-By Product Type
The L-Tryptophan Market based on the Product Type can be further segmented into Feed Grade and Pharma Grade. The Feed Grade segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 10.4% over the period 2021-2026. This growth is owing to the factors such as growing demand for L-Tryptophan to balance diets for animals and increase in the awareness about the benefits of L-Tryptophan as a feed grade. It does not have any limitation in dosage for the animal feed. The rise in the adoption of L-Tryptophan amino acid to meet the digestible requirement of animals is driving the growth of the L-Tryptophan Market. The Pharma Grade segment held the second largest share in 2020 owing to the factors such as growing demand for L-Tryptophan amino acid for the commercial biomanufacturing of monoclonal antibodies and increasing applications in the treatment of depression, behavioral disorders, and premenstrual syndrome.