(MENAFN- globenewswire – nasdaq) rockville, aug. 22, 2023 (globe newswire) — as per fact.mr, a provider of market research and competitive intelligence, “ l-hydroxyphenylalanine market analysis by application (dietary supplements and nutraceuticals, pharmaceutical, food and beverage), by region – global forecast 2022-2032” , the global l-hydrophenylamine market had witnessed a size of usd 530 million in 2022, and is forecast to reach usd 740 million by 2032, with a cagr of 3.4% from 2022–2032.
the l-hydroxyphenylalanine market, also known as l-dopa (l-3,4-dihydroxyphenylalanine) market, is a segment of the global pharmaceutical and chemical industries that revolves around the production, distribution, and utilization of l-hydroxyphenylalanine. l-hydroxyphenylalanine is an essential amino acid and a precursor to dopamine, a neurotransmitter that plays a crucial role in various physiological and neurological functions within the human body. l-hydroxyphenylalanine finds significant applcations in both the pharmaceutical and dietary supplement sectors, contributing to its growing commercial significance.
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the market’s growth is driven by its pivotal role in the treatment of parkinson’s disease, a neurodegenerative disorder characterized by a deficiency of dopamine in the brain. l-hydroxyphenylalanine serves as a therapeutic agent by increasing dopamine levels, thus alleviating motor symptoms associated with the disease. additionally, the expanding research on l-hydroxyphenylalanine’s potential in addressing other neurological conditions and its use in the synthesis of various chemicals further fuel market demand.
l-hydroxyphenylalanine market is expected to witness a value of usd 740 mn in 2032 and witness a cagr of 3.4% during the forecast period.
north america market witnessed a market share of 36% in 2021 and is expected to witness a cagr of 4.1% during the forecast period.
by application in dietary supplements, the l-hdroxyphenylalanine market is expected to provide a lucrative opportunity of usd 50 mn during the forecast period.
by pharmaceutical application, the market is expected to witness a growth opportunity of usd 30 mn during the forecast period.
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the increasing prevalence of neurological disorders, particularly parkinson’s disease, coupled with ongoing research into l-hydroxyphenylalanine’s potential therapeutic applications, is propelling the demand for this amino acid as a crucial precursor in pharmaceutical and medical industries – says a fact. mr analyst
market competition
the l-hydroxyphenylalanine market is competitive, with pharmaceutical giants, specialized manufacturers, and innovative researchers vying for dominance. key companies are collaborating with pharmaceutical companies, research institutions, or chemical manufacturers to leverage their expertise and resources. moreover, partnerships can accelerate productdevelopment and expand market reach.
for instance, in september 2022, the nih (national institutes of health) and the us fda announced the launch of a private-public partnership to facilitate a better understanding of rare neurodegenerative disorders. this partnership will help foster the rare neurodegenerative disease treatment market development during the forecast period.
winning strategies
key market players in the market should offer a mix of organic and inorganic growth strategies which helps them garner market share during the last decade. companies should invest in ongoing research to uncover new applications and benefits of l-hydroxyphenylalanine. developing novel uses and improved synthesis methods can differentiate your products and attract a wider customer base.
in november 2022, cajal neuroscience, a seattle-based start-up announced that it had raised us $ 96 mn in a capital raise round. moreover, the company also works on rare disorders such as parkinson’s disease and lzheimer’s disease.
companies should establish robust international distribution networks to tap into global markets. efficient logistics and localized services help capture diverse customer bases.
key companies profiled
sisco research laboratories pvt. ltd.
fabrichem
amino gmbh
nippon rika co. ltd.
formedium
alphachem
central drug house pvt ltd
yangzhou gami biochem co. ltd.
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