Rich in resources, strong demand, Vietnam's polyglutamic acid industry has broad prospects for development


Release time:

2022-11-30

Polyglutamic acid, a natural polypeptide, is made of glutamic acid molecules linked by peptide bonds. Polyglutamic acid has many special properties, such as excellent moisturizing ability, antioxidant effect, biodegradability, and can be used as a carrier of drug molecular delivery system, so it is widely used in chemical fertilizer, medicine, food, cosmetics and other fields.

Rich in resources, strong demand, Vietnam's polyglutamic acid industry has broad prospects for development

Polyglutamic acid, a natural polypeptide, is made of glutamic acid molecules linked by peptide bonds. Polyglutamic acid has many special properties, such as excellent moisturizing ability, antioxidant effect, biodegradability, and can be used as a carrier of drug molecular delivery system, so it is widely used in chemical fertilizer, medicine, food, cosmetics and other fields.

From a global perspective, the scale of the polyglutamic acid market is constantly expanding. Affected by factors such as rapid economic growth, continuous increase in population, and accelerated industrialization and urbanization, the Asia-Pacific region has become the largest production and consumption market for polyglutamic acid in the world. Major global polyglutamic acid producers include Purac, Kuraray, Ajinomoto, Meiji Fruit Co., Ltd., Formosa Plastics, Ganfeng Lithium, Juhua Group, etc.

With the deepening of global scientific research, the potential properties of polyglutamic acid are constantly being developed, and the application fields continue to expand, thus promoting the continuous growth of its demand. According to the New Sijie Industry Research Center.Vietnam Polyglutamic Acid Industry Market Status and Feasibility Study Report on Overseas Enterprises' Entry in 2023It is shown that the global polyglutamic acid market will be about US $0.27 billion in 2022, and the global polyglutamic acid market is expected to reach US $0.35 billion by 2027, with a compound annual growth rate of about 5.3 from 2022 to 2027.

From the upstream of the polyglutamic acid industry chain, it mainly involves raw materials such as soybeans and corn. Vietnam has a tropical monsoon climate with suitable temperature, sufficient light and fertile soil, which is suitable for planting a variety of crops, including soybeans and corn, laying a good foundation for the development of polyglutamic acid industry.

From the point of view of the middle reaches of the polyglutamic acid industry chain, it mainly involves the production process. The production of polyglutamic acid is difficult, and the production processes currently used worldwide include chemical synthesis, natto extraction and microbial fermentation, and the industry mainly adopts microbial fermentation. Although there are some polyglutamic acid production enterprises in Vietnam, the production scale is small and the technology is backward, which cannot meet the market demand.

From the downstream of the polyglutamic acid industry chain, it mainly involves chemical fertilizers, cosmetics, food and medicine. Vietnam's agricultural sector is the main driver of its economic growth, with arable land accounting for more than 20% of the country's land area. In order to further promote agricultural development and increase crop production, Vietnam's demand for chemical fertilizers has increased significantly. According to data released by the Planting Bureau of the Ministry of Agriculture and Rural Development of Vietnam, the annual demand for fertilizer in Vietnam is about 11 million tons. Polyglutamic acid can be combined with phosphoric acid, nitrogen fertilizer and other ingredients to form a slow-release fertilizer, improve plant nutrient utilization and reduce soil nutrient loss. With the continuous increase of crop production and the continuous expansion of export scale, the demand for fertilizer in Vietnam will continue to increase, which will drive the growth of demand for polyglutamic acid.