Growing Health Consciousness Among Population to Bolster Product Demand

The worldwide guanidinoacetic acid industry is expected to grow remarkably in the next several years, driven by the chemical and pharmaceutical sector and is also anticipated to present lucrative opportunities for the market.

Guanidinoacetic acid (GAA) is a naturally occurring amino acid involved in synthesizing creatine, an important molecule for energy metabolism in muscles and other tissues. GAA is produced in the liver and kidneys from arginine and glycine and is then transported to muscle tissue, where it is converted into creatine. In some studies, supplementation with GAA has also been shown to increase muscle creatine levels and improve exercise performance. However, further research is needed to understand the potential benefits and risks of GAA supplementation fully. It is worth noting that excessive levels of GAA in the body can be toxic and can lead to a rare genetic disorder known as guanidinoacetate methyltransferase deficiency (GAMT deficiency). This condition results in a buildup of GAA in the brain and can cause intellectual disability, seizures, and other neurological problems.

According to a study by Business Research Insights, the global market for guanidinoacetic acid is projected to rise at a CAGR of 4.1% from 2022-2027. In 2022, the market value stood at USD 37 million. The market is expected to reach USD 47 million by 2028.

Business Research Insights Presents the Top 5 Prominent Players in the Guanidinoacetic Acid Industry

1. Evonik - Evonik Industries AG is a global specialty chemicals company headquartered in Essen, Germany. The company was founded in 2007 as a spin-off of the energy and chemical company RAG AG. Evonik operates in over 100 countries and employs approximately 33,000 people worldwide. The company is organized into four business units: Nutrition & Care, Resource Efficiency, Performance Materials, and Services. These business units serve various industries, including animal nutrition, agriculture, automotive, construction, cosmetics, pharmaceuticals, and more.

2. Tiancheng Chempharm - Tiancheng Chempharm Inc. is a pharmaceutical company based in Jiangsu, China. The company was founded in 2012 and focused on researching, developing, manufacturing, and marketing active pharmaceutical ingredients (APIs), intermediates, and other fine chemicals. Tiancheng Chempharm operates from its state-of-the-art manufacturing facility in Jiangsu Province, which is equipped with advanced production equipment and analytical instruments. The company's products are sold to pharmaceutical companies and distributors worldwide.

3. Jiangsu Yuanhua - is a Chinese company specializing in designing, engineering, and manufacturing high-quality bulk material handling and conveying equipment. The company was founded in 1994 and is headquartered in Jiangsu, China. As of 2021, Jiangsu Yuanhua has over 500 employees and exports its products to over 50 countries worldwide. The company's mission is to provide high-quality, reliable, and cost-effective solutions for bulk material handling and conveying needs and become a global industry leader.

4. Hubei Yuanhua - Hubei Yuanhua Biotechnology Co., Ltd. is a Chinese company that specializes in the research, development, and production of amino acids and their derivatives, including guanidinoacetic acid (GAA). The company was founded in 2010 and is headquartered in the city of Wuhan in Hubei Province, China. The company's product portfolio includes a wide range of amino acid products, including GAA, L-Carnitine, Creatine, and more. These products are used in various industries, including animal nutrition, food, and pharmaceuticals.

5. Hebei Daxiao - Hebei Daxiao Chemicals Import and Export Co., Ltd is a Chinese company specializing in producing and exporting chemical products. The company was founded in 1995 and is headquartered in Shijiazhuang, Hebei Province, China. The company's portfolio includes a wide range of chemical products, such as basic chemicals, pigments, dyes, pharmaceuticals, and agrochemicals. These products are used in various industries such as agriculture, pharmaceuticals, food, and beverage.

Major Challenges Posed by COVID-19 Pandemic

Supply Chain Disruption Impeded Market Growth

The COVID-19 pandemic has disrupted global supply chains, making transporting raw materials and finished products difficult. This has resulted in delays and increased costs for GAA manufacturers and distributors. The pandemic has reduced demand for acetic acid in certain markets, particularly in industries such as sports and fitness, which lockdowns and social distancing measures have severely impacted.

Major Upcoming Trends in the Industry

Growing Health Concerns to Bolster Growth in the Market

The sports nutrition industry is growing rapidly, and guanidinoacetic acid is a popular ingredient in many sports supplements due to its potential to enhance athletic performance. There is a growing awareness of the importance of cognitive health, and GAA has been studied for its potential cognitive benefits, particularly in conditions such as Alzheimer's disease and traumatic brain injury. Metabolic disorders such as diabetes and obesity are on the rise globally, and GAA has been studied for its potential therapeutic applications in these conditions.