Cysteine Market Growth Drivers and Challenges:
Growth Drivers
- Increasing Consumption Rate of Bakery Products – It was estimated that about 324 million Americans consumed bread in the United States in 2019 and this figure is projected to reach 334 million by the end of 2024.
In the bakery industry, cysteine is used as a dough conditioner to break down gluten disulfide bonds. It is helpful to reduce the dough viscosity and increase the elasticity so it’ll get puffed up during baking. Furthermore, there are no significant health issues associated with the utilization of cysteine. Cysteine is not considered to be a vegetarian source, hence, not appropriate to be consumed by vegans. The increasing consumption of bakery products is expected to increase the demand for cysteine from the bakery industry over the forecast period.
- Growth of the Chemical Industry – According to statistics, in 2019, the Indian chemical industry was valued at around USD 175 billion, which is projected to grow to USD 300 billion by the end of 2025.
- Increased Research & Development Expenditure – As per data by the World Bank, global research and development expenditure in proportion to gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018. The production and distribution of cysteine can receive notable benefits from the increment in the R&D expenditure since it is the money spent on creative work and new applications.
- Rising Support from the Government through Various Policies and Schemes – As per the data, in India, around USD 26 million was allocated by the government to the Department of Petrochemicals under the Union Budget 2022-23.
- Increasing Level of Geriatric Population Globally– According to the World Health Organization (WHO) data, the population aged 60 years and above stood at around USD 1 billion in 2020, which is projected to reach USD 1.4 billion by 2030. Cysteine is believed to be a much-needed anti-aging component for bones and connective tissue, which is further estimated to drive market growth in the coming years.
Challenges
- Availability of Alternates of Cysteine
- Presence of Increased Level of Nitrogen in Cysteine and Reduced Efficacy of Kidney
- Production Cost of Synthetic Cysteine is High
Cysteine Market Size and Forecast:
|
Base Year |
2025 |
|
Forecast Period |
2026-2035 |
|
CAGR |
5.7% |
|
Base Year Market Size (2025) |
USD 3.24 Billion |
|
Forecast Year Market Size (2035) |
USD 5.64 Billion |
|
Regional Scope |
|