According to a new report by Reports and Data, the global Food Amino Acids market was valued at USD 5,898.7 Million in 2020 and is expected to reach USD 10.05 Billion by the year 2028, at a CAGR of 7.0%. Amino acids are organic compounds that include amino and carboxyl compounds. They’re the building blocks of proteins that play a vital role within the natural processes of a body. They’re found in abundance in meat, seafood, eggs, dairy products, quinoa, and soy products. Amino acids are beneficial for strengthening the system, developing muscles, fighting arthritis and cancer, and treating tinnitus and rectal diseases.
Rising health-consciousness among consumers has boosted the demand for nutrient-rich food. This has stimulated the manufacturers to present protein-rich foods and beverages within the global market, resulting in a rise within the need for amino acids.
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Top Companies Operating in the Global Food Amino Acids Market Report:
Ajinomoto Co., Inc. (Japan), Kyowa Hakko Kirin Co., Ltd. (Japan), Sigma-Aldrich (acquired by Merck in 2015), Co. LLC. (U.S.), Prinova Group LLC (acquired by Nagase group), Sand Daesang Corporation (Korea).
Further key findings from the report suggest
- In children, arginine, histidine, cysteine, glycine, tyrosine, glutamine and proline are essential (indispensable) amino acids, because children are unable to make enough to meet their needs. Demand from infant formula makers to include these acids will drive market growth
- Dietary supplementation of essential amino acids (EAAs) has been shown to promote lifespan. Thus, the demand from dietary supplement manufacturers is also expected to be significant
- In addition to robust market demand, further economic development in emerging countries and expansion of applications for amino acids is expected to boost the size of the food amino acid market
- Europe is expected to dominate the market, with a significant market share of 25.4% in 2020. The Germany and the UK contributed the largest revenue share to the European market
- The Lysine type sub-segment is expected to show significant CAGR of 6.5% during the forecast period
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For the purpose of helping readers make profitable business decisions, the report is written with industry analysts, market segmentation, and data collection. In addition to providing detailed information on technical and product advances, this report also discusses market value, growth rates, and niche market segments in detail.
An analysis of the Food Amino Acids market has been carried out by segmenting it into key regions and offering information on growth rates, market shares, current and emerging trends, production and consumption ratios, analysis of the industrial chain, demand and supply, imports and exports, revenue contributions, and the presence of key players in each region. To gain a better understanding of the regional spread of and progress of the Food Amino Acids market, a country-by-country analysis of the market is provided in the report.
The global Food Amino Acids market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Further market segmentation
Type, the market for food amino acids has been segmented as follows:
- Glutamic acid
- Lysine
- Tryptophan
- Methionine
- Phenylalanine
- Others
Livestock, the market for food amino acids has been segmented as follows:
- Plant-based amino acids
- Animal-based amino acids
- Synthetic amino acids
Application, the market for food amino acids has been segmented as follows:
- Nutraceuticals dietary supplements
- Infant formula
- Food fortification
- Convenience food
- Others
Key Questions Addressed in the Report:
- What are the dominating factors that are influencing the growth of the industry?
- In the forecast period, which market segment is expected to rise the most?
- What are the risks and challenges that the industry is facing?
- In the coming years, which area is projected to dominate the market?
- Who are the major players in the market? What kind of strategic business plans have they made?
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