Cysteine Market Trends

  • Report ID: 4263
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Cysteine Market Trends

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: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.2%

Base Year Market Size (2024)

USD 403.89 billion

Forecast Year Market Size (2037)

USD 882.84 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 4263
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of pet tech is estimated at USD 423.92 billion.

The cysteine market size was over USD 403.89 billion in 2024 and is poised to exceed USD 882.84 billion by 2037, witnessing over 6.2% CAGR during the forecast period i.e., between 2025-2037. Rising support from the government through various policies and schemes and increasing consumption rate of bakery products will boost the market growth.

Asia Pacific industry is expected to hold largest revenue share of 38% by 2037, owing to growth of the food and beverage industry in the region.

The major players in the market are Wacker Chemie AG, Nippon Rika Kogyosho CO., LTD., Ajinomoto Co., Inc., Wuxi Bikang Bioengineering Co., Ltd, Merck KGaA, Croda International plc, SERVA Electrophoresis GmbH, Chemyunion Inc., Asiamerica Group, Inc., Exela Pharma Sciences, LLC
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