Pyruvic acid (CH3COCOOH), also known as 2-oxopropanoic acid, α-ketopropionic acid or acetylformic acid, is the simplest of the alpha-keto acids, with a carboxylic acid and a ketone functional group. Pyruvic acid is the most important α-oxocarboxylic acid. It plays a central role in energy metabolism in living organisms. Industrially, it is used mainly as a starting material in the biosynthesis of pharmaceuticals, such as L-tryptophan, L-tyrosine and alanine, as well as L-DOPA. It is also employed in the production of crop protection agents, polymers, cosmetics and food additives. The global pyruvic acid market is expected to increase by USD 11 million, at a compound annual growth rate (CAGR) of 4.1% from 2022 to 2028, according to the latest edition of the Global Pyruvic Acid Market Report.
This industry report offers market estimates of the global market, followed by a detailed analysis of the process, application, and region. The global market data on pyruvic acid can be segmented by process: chemical synthesis, biosynthesis. Pyruvic acid market is further segmented by application: pharmaceuticals & healthcare, daily chemicals, food additives, others. According to the research, the pharmaceuticals & healthcare segment had the largest share in the global pyruvic acid market. Based on region, the pyruvic acid market is segmented into: North America, Asia Pacific, Europe, Rest of the World (ROW).
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 4.1% |
| Pages | 20 |
| Key Players | Anhui Huaheng Biological Engineering Co. Ltd., Hubei Lansun Biochemistry Pharmaceutical Co. Ltd., Jinon Pharma (Wuhan) Co. Ltd., Musashino Chemical Laboratory Ltd., Shanghai Jinli Bio-tech Co. Ltd., Tianjin Shengdao Technology Co. Ltd., Toray Fine Chemicals Co. Ltd., Zheda Panaco Chemical Engineering Co. Ltd. |
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