Global Food Amino Acid Market - Growth, Trends and Forecasts (2022 - 2030)

By 2023, the global amino acids market is expected to reach USD 37.6 million, registering a CAGR of 5.9% during 2018-2023 (the forecast period).

• Prinova USA is promoting an advanced essential amino acid ingredient called Reginator at SupplySide West, after its recent manufacturing and distribution agreement with ingredient supplier, Zanda LLC. Notably, Reginator is a patented blend of nine essential amino acids, plus arginine, which is known to increase muscle synthesis, enhance athletic performance, and support a healthy, balanced diet for active people of all ages.

Market Dynamics

The increase in the consumption of dietary supplements for protein intake, coupled with the rising health consciousness among consumers, is the major factor that is driving the amino acids market. Also, this factor is likely to surge the demand for amino acids. Moreover, amino acids are used to manufacture supplements that are consumed by athletes and aged people, which, in turn, drives the overall dynamics for the amino acids market. With several health benefits of amino acids, including strengthening of immune system, muscle improvement, arthritis, and cancer, the market for the same is expected to witness a strong performance. However, the shortage of raw material supply is anticipated to pose a challenge for manufacturers and, thus hinder the amino acids market growth. For instance: increasing prices of corn, soybean, and wheat are expected to impact the market profitability. The advent of microfiltration process to increase the yield offers a tremendous growth opportunity for amino acids market.

Market Segmentation

Based on source, the market has been categorized into plant-based, animal-based, and microbial-based amino acid. The plant-based raw material segment led the amino acids market with major sources, such as soybean, corn, and wheat. Due to the health benefits associated with this type of amino acids, it is being used in the end-user industries, like animal feed additives, food & dietary supplements, flavor enhancer, and pharmaceuticals. Owing to the ban imposed on meat & bone meal, the demand for animal-based raw materials, such as fish silage and meat meal, are expected to witness heavy growth. Also, the microbial-based amino acids segment is anticipated to note a higher growth rate in the coming years.

Based on application, the market has been segmented into animal feed, pharmaceuticals, and food & beverage. Dietary supplement is occupying a significant share in the, both, plant and animal-based amino acids segments. Owing to demographical changes and changing consumer behavior, it is likely to continue the same. There has been an increase in the demand for amino acids from the pharmaceuticals sector with its varied application, such as buffering agents in antacids, analgesics, and antiperspirants.

Regional Analysis

Owing to the growing demand, improved economic condition and, hence the consumption, Asia-Pacific is expected to record the highest CAGR of about 6.1% during the forecast period. Within the region, China remains one of the major exporters of amino acids across the world. Owing to the increasing amino acids’ application in the animal feed sector, South America is likely to follow Asia-Pacific. However, developed economies, like North America, are anticipated to record moderate growth rates during the forecast period.

MAJOR PLAYERS: PRINOVA GROUP LLC, ROYAL DSM, KEMIN INDUSTRIES, AJINOMOTO CO. INC. (JAPAN), KYOWA HAKKO BIO CO. LTD (JAPAN), AMINO GMBH, ARCHER DANIELS MIDLAND COMPANY (USA), NOVUS INTERNATIONAL, INC. (USA), DAESANG CORPORATION (SOUTH KOREA), EVONIK INDUSTRIES AG (GERMANY) GLOBAL BIOCHEM TECHNOLOGY GROUP CO. LTD (HONG KONG) and SUNITOMO CHEMICAL CO. LTD, amongst others.

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