Amino Acids Market Growth Factors, Regional Analysis and Forecasts Outlook 2027 | Key Players Ajinomoto Co., Inc.; Kyowa Hakko Bio Co. Ltd.; AMINO GmbH; Bill Barr & Company | Grand View Research, Inc.
The global amino acids market size is projected to reach USD 40.3 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% from 2020 to 2027. Growing consumer awareness regarding healthy lifestyle, coupled with increasing consumption of meat and meat products, is anticipated to drive the demand for amino acids over the forecast period.
Amino acids are essential compounds that play a vital role in protein synthesis and are responsible for proper functioning of human body. They help in reducing cardiovascular diseases, preventing muscle damage, and increasing metabolism. These properties have resulted in their extensive consumption in dietary and other pharmaceutical applications in the healthcare industry.
Commercially, amino acids are derived from various plants and animal sources, which include soybean, corn, wheat, blood, skin, and hair usingfermentation, extraction, and chemical synthesis. Research and development activities related to improving the yield and quality of extracted amino acids are being carried out across the globe.
The food and dietary supplements application segment dominated the market for amino acids in 2019. Food amino acids observed substantial growth as they are used to enhance flavor and nutritional value of food. The animal feed application segment is anticipated to witness the fastest growth in coming years due to growing product inclusion in animal feed conversion.
Asia Pacific dominated the market in 2019 due to high demand from the food and beverage sector, increasing consumer awareness concerning health, and growing consumer preference for functional foods. The market for amino acids in Europe is anticipated to witness notable growth in forthcoming years owing to extensive growth in the region’s pharmaceutical and nutraceutical sectors.
Moreover, ingredients used in formulating pharmaceutical and nutraceutical products are stringent. In North America, the Food and Drug Administration (FDA), U.S. Department of Agriculture (USDA), and U.S. Environmental Protection Agency (EPA) regulate plant and animal sourced amino acids products. Each of these regulatory bodies have chalked out certain regulations and published guidance documents in order to ensure the safety and effectiveness of products.
Key players are focusing on new and strategic alliance such as mergers, acquisitions among others as well as production capacity expansions. For instance, in March 2020, AMINO GmbH, a German company involved in amino acids manufacturing announced its plans to increase its amino acids production capacity by constructing a manufacturing facility in Frellstedt, Germany. The company is investing USD 32.55 million in new construction activity. The strategic decision will enable the player to meet the growing demand from the global food and pharmaceutical markets.
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Amino Acids Market Report Highlights
- In terms of revenue, plant based source is expected to emerge as the fastest growing segment over the forecast period
- Asia Pacific held the largest share of 50.7% based on volume in 2019
- Asian countries, particularly India and China, are likely to witness remarkable growth over the forecast period
- Growing awareness regarding the animal health and augmented demand for high quality meat products are expected drive the amino acids consumption in animal feed application.
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Amino Acids Market Segmentation
Grand View Research has segmented the global amino acids market on the basis of source, product, application, livestock, and region:
Amino Acids Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Plant Based
- Animal Based
Amino Acids Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- L-Glutamate
- Lysine
- Methionine
- Threonine
- Tryptophan
- Leucine
- Iso-Leucine
- Valine
- Glutamine
- Arginine
- Glycine
- Phenylalanine
- Tyrosine
- Citrulline
- Creatine
- Proline
- Serine
- Others
Amino Acids Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Animal Feed
- Food & Dietary Supplements
- Pharmaceutical
Amino Acids Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- Swine
- Poultry
- Cattle
- Others
Amino Acids Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central & South America
- Brazil
- Argentina
- Middle East& Africa
- South Africa
- Saudi Arabia
List of Key Players of Amino Acids Market:
- Ajinomoto Co., Inc.
- KYOWA HAKKO BIO CO., LTD.
- Evonik Industries AG
- AMINO GmbH
- Taiwan Amino Acids Co. Ltd.
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Grand View Research is a market research and consulting company that offers market research reports, syndicated and customized reports. The company is headquartered in San Francisco, California. It offers client engagement for business consulting and market intelligence from various domains. The clientele is based across various countries with queries coming from more than 50 industries worldwide.
Grand View Research helps its clients to make informed decisions by helping them understand current trends and scenarios. Every year Grand View Research accomplishes more than 300 multi-country market studies to optimize consulting for clients.
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