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CHEMICALS AND ADVANCED MATERIALS

Cysteine Market Analysis by Production Process (Natural, Synthetic and Others); by Application (Conditioner, Flavor Enhancer, Reducing Agent, Production of Human Insulin and Others); and by End Use Industry (Food, Pharmaceutical, Animal Feed and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Exela Pharma Sciences LLC, a leading healthcare products provider, today announced the launch of ELCYS (cysteine ​​hydrochloride injection), the only FDA approved cysteine ​​hydrochloride injection available in the United States market.
  • Wacker Chemie AG, the life science division of WACKER group, has started the production line for cysteine in Spain. The new site aims to produce cysteine ​​resulting from fermentation to meet growing global customer demand.

Global Cysteine Market Size, Forecast, and Trends Highlights Over 2022 - 2031

Cysteine-Market-Size

The global cysteine market is estimated to garner a revenue of ~USD 500 million by the end of 2031 by growing at a CAGR of ~6% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of ~USD 356 million in the year 2021. The market is estimated to grow on the back of increasing demand for cysteine from pharmaceutical industry. In the pharmaceutical industry, cysteine ​​is used to make its derivatives, which are further used as a processing aid in refolding of genetically modified proteins. Moreover, the growth of pharmaceutical industry is anticipated to provide attractive growth to propel the global cysteine ​​market in the coming years. According to the data, under the Strengthening Pharmaceutical Industry (SPI) scheme in India, a financial outlay of about USD 660 million was announced for the further development of the pharmaceutical industry for the period from 2021-22 to 2025-26.

Cysteine-Market

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The global cysteine market is also estimated to witness growth on the back of rising adoption of cysteine from cosmetic industry, as it is used as an anti-agent. According to estimates, more than 45 billion are produced from cosmetic sales in the United States each year. The rising identification and detection of diseases or disorders caused by cysteine ​​deficiency in human body is also expected to boost the market growth. Moreover, rising health awareness and increasing proportion of disposable income are also projected to drive the growth of global cysteine ​​market in the coming years.

Global Cysteine Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Consumption Rate of Bakery Products – According to statistics, 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. The increasing consumption of bakery products is expected to increase the demand for cysteine ​​from the bakery industry in the coming years.
  • Growth of 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 with gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
  • Rising Support from Government through Various Policies and SchemesAs per the data, in India, around USD 26 million was allocated by the government to the Department of Chemicals and Petrochemicals under the Union Budget 2022-23.
  • Increasing Level Geriatric Population Globally According to the World Health Organization (WHO) data, the population aged 60 years and above stood at around 1 billion in 2020, which is projected to reach 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 the market growth in the coming years.

Challenges

  • Availability of Alternates of Cysteine
  • Side Effects of Cysteine Consumption such as Increased Level of Nitrogen in body and Reduced Efficacy of Kidney
  • Production Cost of Synthetic Cysteine is High

The global cysteine market is segmented and analyzed for demand and supply by end use industry into food, pharmaceutical, animal feed and others. Out of these segments, the food industry is estimated to garner the largest market share by the end of 2031, backed by the increasing growth and sales of food and beverages industry. According to the data, about USD 2.1 trillion of food was supplied by the food retail and food service industry in 2021, of which about USD 1.1 trillion worth of food was supplied by food service facilities. Cysteine ​​is widely used as a process flavoring in the food industry and is mostly adopted when preparing meat seasonings and roasting flavors. In addition, the increased consumption rate of food and health care supplements in the day-to-day diet is also projected to support the growth of this segment in the coming years.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Cysteine Market Regional Synopsis

Regionally, the global cysteine market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in North America is projected to hold the largest market share by the end of 2031. This can be accredited to the increasing level of geriatric population and growth of pharmaceutical industry in the region. According to statistics, in 2019, there were approximately 53 million people over the age of 65 in the United States, representing about 16% of the population, which is projected to reach 21% by 2040. Hence, such factors are estimated to drive the growth of the market in the region during the forecast period.

Further, the market in Asia Pacific is estimated to register significant growth during the forecast period, owing to the growth of food and beverage industry in the region. In India, the bakery industry is increasing its expansion and the demand for cysteine ​​from the bakery industry is also expected to increase owing to dough conditioning and other applications.  Moreover, increasing production of biscuits and cookies is also estimated to drive the growth of global cysteine market in the region during the forecast period. According to statistics, around 630 thousand metric tons of biscuits and cookies were produced in the South Asian country of India in 2020.

Cysteine-Market-Scope

The global cysteine market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global cysteine market includes the following segments:

By Production Process

  • Natural
  • Synthetic
  • Others

By Application

  • Conditioner
  • Flavor Enhancer
  • Reducing Agent
  • Production of Human Insulin
  • Others

By End Use Industry

  • Food
  • Pharmaceutical
  • Animal Feed
  • Others
 
Top Featured Companies Dominating the Global Cysteine Market
  • Wacker Chemie AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Nippon Rika Co., Ltd.
  • Ajinomoto Co., Inc.
  • Wuxi Bikang Bioengineering Co., Ltd.
  • Merck KGaA
  • BCF Life Sciences
  • Croda International Plc
  • SERVA Electrophoresis GmbH
  • Chemyunion, Inc
  • Asiamerica Group, Inc.
  • Exela Pharma Sciences LLC

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