Amino Acids Market Outlook -2030
Amino acids are the basic elements of proteins and form a substantial part of both animal and human nutrition. In the human body, they are necessary for vital processes for instance the synthesis of neurotransmitters and hormones. Amino acids are also found in abundance in red meat, seafood, eggs, dairy products, and soy products. They are advantageous for nourishing the immune system, fighting arthritis and cancer, and treating rectal diseases and tinnitus. Nowadays, the demand for amino acids is increasing as they assist in improving conditions such as depression, sleep disorders, premenstrual dysphoric disorder (PMDD), smoking cessation, bruxism and attention deficit-hyperactivity disorder (ADHD).
COVID-19 Impact analysis
- Amino acid market was very stable during the whole duration of the pandemic one of the reason was amino acid is a natural ingredient and it is induced in essential products like fertilizers, biodegradable plastics, and nutritional supplements, which witnessed a rise during the whole duration of the pandemic and most of the end user industries of amino acids were still working such as agriculture, pharma and others, which kept the market in good shape.
- In addition, the production of synthetic amino acid was also not hindered because it is used in specialty fertilizers, which help crops to grow smoothly and as stated earlier, agriculture is one of the key end users of synthetic amino acid, which pushed the market to have a sustainable and steady growth during the pandemic.
Top Impacting Factors
Increasing health-consciousness among consumers has raised the demand for nutritious food. This has bring about food and beverage manufacturers to present products infused with essential nutrients, such as amino acids, Thus leading to a rise in their demand. Adding to that, bodybuilders and athletes are leaning toward protein-rich products to improve their performance and improve muscle development. Some of these products are sports supplements, such as energy drinks, nutrition bars, low carbohydrate food and nutrition supplements. Moreover, amino acids are utilized in animal feed to meet the protein requirements of the animals. Constant advancements in the field of biotechnology have played a major role in the production of proteinogenic amino acids, which are integrated into proteins during translation. These factors are expected to propel the growth of the amino acids market globally.
Market Trends
- The feed amino acids market is strong and major players are capturing share in the market. The feed companies are consistently developing new products, proposing premium-priced feed, with special brands or traits. Most of the companies are focusing on extension into branded consumer products sold in supermarkets and specialty shops.
- Key players are Adisseo France SAS, Ajinomoto Co. Inc. & others. Other players are focusing on strengthening and providing a consistent product quality, services, and commitment to their businesses, investing in product lifecycle R&D, and developing new chemical and biological entities. Many of these companies are pushing toward the vision of becoming world leaders in animal nutrition by providing profitable, natural, and differentiated solutions.
- Asia-Pacific is anticipated to be the rapidly-growing market during the forecast time. The increase in income, purchasing power, and consumer requirement for nutritional & healthy products provide promising opportunities for the growth and diversification in the region’s food sector. Increase in purchasing power of consumers due to the economically developing nations such as India has led to the growth in demand for high-quality processed food; thus, increasing the demand for food amino acids.
Key Benefits of the Report
- This study presents the analytical depiction of the amino acid market industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the amino acid market share.
- The current market is quantitatively analyzed to highlight the amino acid market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed amino acid market analysis based on competitive intensity and how the competition will take shape in coming years
Questions answered in the amino acid market Report
- Who are the leading market players active in the amino acid market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Key Market Segments
- By Type
- Glutamic acid
- Lysine
- Tryptophan
- Methionine
- Phenylalanine
- Others
- By Sources
- Plant based amino acids
- Animal based amino acids
- Synthetic amino acids
- By Application
- Nutraceuticals and Dietary supplements
- Infant Formula
- Food fortification
- Others
- By Region
- North America
- Europe
- France
- Germany
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of LAMEA
Key Market Players
- Archer Daniels Midland
- FMC Corp
- Solvay
- DSM
- Evonik Industries
- Galam Management
- Hitspia Chemical
- Asahi Kasei
- Ajinomoto Co.
- LycoRed Corporation