Europe Cysteine Market: Industry Analysis and Forecast (2024-2030) Trends, Statistics, Dynamics, Segmentation
Europe Cysteine Market was valued at USD 111.40 Million in 2023. Europe’s Cysteine Market size is estimated to grow at a CAGR of 6.1% over the forecast period.
Format : PDF | Report ID : SMR_1316
Europe Cysteine Market Definition:
Cysteine is a sulfur-based non-essential amino acid that is needed for protein synthesis, detoxification, and a variety of metabolic processes. It is biosynthesized in nails, skin, and hair by beta-keratin and increases protein stability by forming disulfide bridges. It also enhances skin elasticity and texture by increasing collagen formation. It is high in antioxidants and aids in the reduction of inflammation, cell damage, and the reversal of aging effects.
Further, the Europe Cysteine Market is segmented by Type, Application, End-user Industry, and Country. On the basis of Type, the Europe Cysteine Market is segmented under Traditional Method and Bio-Technology Based Method. Based on the Application, the Europe Cysteine Market is segmented under Anti-aging agent, Conditioner, Flavour Enhancer, Reducing Agent, and Others. Based on the End-user Industry, the Europe Cysteine Market is segmented under Food, Pharmaceutical, Animal Feed, and Others. By Country, the market covers the following Country: Italy, France, Russia, United Kingdom, Rest of Europe For each segment, the market sizing and forecasts have been done on the basis of value (in USD Million).
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Europe Cysteine Market Dynamics:
Meat and Meat Products are in High Demand.
The strong economic growth in the European Union countries is driving up demand for meat-based food products in the region. Rising use of feed additives and enzymes has resulted from the increased demand for meat protein. Apart from boosting nutritional value, feed enzymes are gaining popularity because of their function in improving meat quality and environmental concerns.
Change in people’s mindset and eating habits in the region.
The change in demand can be attributed to the continuous economic growth of countries in these regions, which has resulted in changes in demographics, food habits, and lifestyle. The impact of globalization and urbanization tends to change people's mindsets in the region, causing consumers to experiment more with their food habits. Major meat-consuming and export-oriented countries such as Germany, France, and Spain have showed promising growth, which might be fueled by an increase in meat consumption, which would increase demand for high-quality protein feed. Improving meat export trade activity is encouraging producers to raise meat production, which is fueling the market growth.
Growing cosmetic industries in the region.
Paris in European Region being the fashion capital contributed a lot to the cosmetic industry & returned to 9% growth in 2023 along with the fashion itself. The need for multifunctional components, as well as increased consumer awareness of the negative impacts of chemical substances, fuelled the Product demand. In the cosmetic industry, cysteine serves as both a preservative and a moisturizing agent. These treatments protect cosmetics from oxidation and water damage. Market growth is driven by rising demand for high-performance cosmetic ingredients and a preference for premium cosmetics.
Increasing public awareness of the need of leading a healthy lifestyle.
Product demand should be bolstered by rising knowledge of healthy lifestyles and a growing willingness to use dietary supplements. Cysteine is essential in human nutrition because they help with a variety of functions, including healthy muscular development, a robust immune system, and correct growth. In order to capitalize on new health trends in the market, increase brand equity, and extend the consumer base, industry players in the region are rapidly offering Cysteine acid-based products.
Restraint:
Price volatility is the main hindrance to market growth.
The biggest obstacle to the growth of the feed cysteine market is the price volatility of feed raw materials, as well as strict restrictions across countries. The emergence of alternative protein sources is also placing downward pressure on market growth.
Europe Cysteine Market Segment Analysis:
By Type, traditional and biotechnology-based. Feathers and animal hairs are traditional sources of cysteine. Bacteria were manipulated to manufacture significantly more cysteine than they require using a new biotechnological approach invented by Wacker Chemie AG, and to excrete the synthesized cysteine into the nutrient broth via a selective biomolecular intervention in the bacteria's metabolism.
By End-user Industry, protein feeds such as animal protein meals, feather meals, fish meals, bone meal, and blood meal are in high demand as people become more aware of the health advantages of proteins for animals. Demand for protein-rich, nutritious animal feeds is likely to rise during the forecast period, since livestock and agricultural animals play an important role in the food supply chain. The entire animal feed market is expected to be driven by the ever-increasing demand for protein-rich animal diets. Compound feed makers, integrators, farmers, home-mixers, animals, and the aquaculture industry are the end users of cysteine animal feed. Europe is a well-established and long-standing market for feed Cysteine.
Because of the growing penetration of the pharmaceutical industry in Europe, the cysteine market for pharma applications is supposed to build. Because of the increased incidence of cardiovascular illnesses and diabetes as a result of the ageing population, product demand may rise. Weight loss, which is the primary cause of heart disease, can be combated with cysteine based supplements.
Europe Cysteine Market Regional Insights:
Europe held market share of 27% in the global cysteine market in 2023. In Europe Russia produces the most feed-in, accounting for 43.5 million metric tonnes, followed by Germany, which produces 27 million metric tonnes in 2021. As a result of the increased feed output in the countries, the region's feed additive production, such as cysteine, is growing.
Meat consumption has increased in European countries such as Germany, the United Kingdom, France, and Italy in recent years. The regional market is likely to be driven by the increased use of animal feed additives containing a proportionate amount of prominent Cysteine such as lysine, methionine, and threonine for boosting animal growth performance. Also, increased demand for high-quality meat and meat products is likely to fuel the feed additives market in the region, which would, in turn, boost the feed industry's cysteine consumption.
The price of Cysteine in Europe jumped significantly as it followed the same market pattern as North America. As a result of regularity in downstream offtakes, the cysteine market in Europe should experience positive sentiments. Increased raw material costs and increased supply chain entry from Asian countries, particularly Singapore and Japan, impacted the domestic market significantly. Domestic European producers were forced to trade cysteine at slightly higher prices due to a shortage of stock sources and high input costs as a result of the peaking energy crisis.
Europe Cysteine Market Key Players Insights:
The market is characterized by the existence of a number of well-known firms. These companies control a large portion of the market, have a wide product portfolio, and have a regional presence. In addition, the market comprises small to mid-sized competitors that sell a limited variety of items, some of which are self-publishing organizations.
The market's major companies have a significant impact because most of them have extensive regional networks through which they can reach their massive client bases. To drive revenue growth and strengthen their positions in the regional market, key players in the market, particularly in North America and Europe, are focusing on strategic initiatives such as acquisitions, new collection launches, and partnerships.
The objective of the report is to present a comprehensive analysis of the Europe Cysteine Market to the stakeholders in the industry. The report provides trends that are most dominant in the Europe Cysteine Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Europe Cysteine Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.
The qualitative and quantitative data provided in the Europe Cysteine Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Europe Cysteine Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Europe Cysteine Market.
The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals exist, who they are, and how their product quality is in the Europe Cysteine Market. The report also analyses if the Europe Cysteine Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly, if the market is dominated by a few players, etc.
The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Europe Cysteine Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Europe Cysteine Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Europe Cysteine Market is aided by legal factors.
Europe Cysteine Market |
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Market Size in 2023 |
USD 111.40 Mn. |
Market Size in 2030 |
USD 168.62 Mn. |
CAGR (2024-2030) |
6.1% |
Historic Data |
2018-2022 |
Base Year |
2023 |
Forecast Period |
2024-2030 |
Segment Scope |
By Type
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By Application
|
|
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By End-user Industry
|
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By Country
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Europe Cysteine Market Key Players:
- Wacker Chemie AG (Munich, Germany)
- Merck KGaA (Germany)
- Foodnavigator (UK)
- Saltend Chemicalparks (UK)
- CheMondis (Germany)
- Nippon Rika Industries Corporation (Japan)
- Wuhan Grand Hoyo Co. Ltd (China)
- Ajinomoto North America Inc. (US)
Frequently Asked Questions
Germany is expected to hold the highest share in the Europe Cysteine Market.
The market size of the Europe Cysteine Market by 2030is expected to reach USD 168.62 Million.
The forecast period for the Europe Cysteine Market is 2024-2030.
The market size of the Europe Cysteine Market in 2023 was valued at USD 111.40 Million.
- Scope of the Report
- Research Methodology
- Research Process
- Europe Cysteine Market: Target Audience
- Europe Cysteine Market: Primary Research (As per Client Requirement)
- Europe Cysteine Market: Secondary Research
- Executive Summary
- Competitive Landscape
- Stellar Competition matrix
- Europe Stellar Competition Matrix
- Key Players Benchmarking: - by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
- Mergers and Acquisitions in Industry: - M&A by Region, Value, and Strategic Intent
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- PESTLE Analysis
- PORTERS Five Force Analysis
- Value Chain Analysis
- Stellar Competition matrix
- Europe Cysteine Market Segmentation
- Europe Cysteine Market, by Type (2023-2030)
- Traditional Method
- Bio-Technology Based Method
- Europe Cysteine Market, by Application (2023-2030)
- Anti-aging agent
- Conditioner
- Flavour Enhancer
- Reducing Agent
- Others
- Europe Cysteine Market, by End-user Industry (2023-2030)
- Food
- Pharmaceutical
- Animal Feed
- Others
- Europe Cysteine Market, by Country (2023-2030)
- Italy
- France
- Russia
- United kingdom
- Rest of Europe
- Europe Cysteine Market, by Type (2023-2030)
- Company Profiles
- Key Players
- Wacker Chemie AG (Munich, Germany)
- Company Overview
- Product Portfolio
- Financial Overview
- Business Strategy
- Key Developments
- Merck KGaA (Germany)
- Foodnavigator (UK)
- Saltend Chemicalparks (UK)
- CheMondis (Germany)
- Nippon Rika Industries Corporation (Japan)
- Wuhan Grand Hoyo Co. Ltd (China)
- Ajinomoto North America Inc. (US)
- Wacker Chemie AG (Munich, Germany)
- Key Players
- Key Findings
- Recommendations