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Market Research Report

Amino Acids Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 02:43 AM, 12th August, 2017 REP-ID-424 Category: Chemicals

Amino Acids Market Overview

Amino acid refers to organic compounds consisting of the amine and carboxyl functional group. Amino acids help in increasing the metabolism and act as a building blocks of protein. These acids are mainly utilized in manufacturing of human supplements and animal feed additive. Amino acids supplements help in the prevention of eye and cardiovascular diseases in human. In recent years, utilization of amino acids to make healthy foods has been a major trend in food industry. Further, top five producers of amino acids accounted for more than 70% market share across the globe.

Market Size and Forecast

Global amino acids market is expected to flourish at a CAGR of 5.7% over the forecast period. Further, the market of amino acids is anticipated to reach USD 30.8 Billion by the end of 2024. This can be attributed to various factors such as growing consumer awareness and rising demand for healthy and functional food. Further, increasing consumption of dietary supplements is expected to positively impact the growth of global amino acids market.

In the regional platform, Asia Pacific accounted for the major market share in global amino acids market. Asia Pacific is expected to continue its dominance over the forecast period. This growth can be attributed to rising disposable income and increasing demand for dietary supplements in the region. Further, famers are adopting amino acids over antibiotics for their livestock animals. This factor is anticipated to fuel the growth of global amino acids market during the forecast period. Japan and China are anticipated to the major contributor to the growth of Asia-Pacific amino acids market.

Amino Acids Market

North America is expected to showcase significant growth over the forecast period. This can be attributed to rising old age population in the region. Further, favorable government initiatives to boost the healthcare sector in the region are anticipated to spur the growth of the amino acids market in the North America region. Apart from this, rising disposable income and increasing health consciousness is expected to garner the growth of amino acids market in North America region. Europe is expected to witness moderate growth in demand over the forecast period owing to increasing demand from food & dietary supplements.   

Market Segmentation

Our in-depth analysis has segmented the global amino acids market into following segments:

By Type

  • Lysine
  • Mehtionine
  • Theronine
  • Glutamine
  • Others

By Source

  • Plant Based
  • Animal Based

By Application

  • Animal Feed
  • Food & Dietary Supplements
  • Pharmaceuticals

By Region

Global amino acids market has been segmented in to following regions:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Increasing demand for functional foods is believed to be the dynamic factor behind the growth of global amino acids market over the forecast period. This rising demand is likely to be supplemented by rising global population. This factor is expected to boost the growth of global amino acids market.  Further, heavy adoption of dietary amino acids supplements is anticipated to be one of the key factors behind the growth of global amino acids market.

Rising disposable income coupled with increasing healthcare consciousness is expected to drive the growth of global amino acids market during the forecast period.  In livestock drugs, amino acids are substituting antibiotics owing to their natural and safety feature. Moreover, rising popularity of amino acids over antibiotics is anticipated to garner the growth of global amino acids market. Apart from this, restriction on the use of antibiotics in few countries is likely to positively impact the growth of global amino acids market.    

However, fluctuating price of raw materials is likely to hamper the growth of global amino acids market. Moreover, availability of other sources of protein is anticipated to limit the growth of amino acids market over the forecast period.

Key Players

  • Cargill, Incorporated
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Adisseo France Sas
  • Ajinomoto Co., Inc.
  • Archer Daniel Midlands Company
  • Novus International, Inc.
  • Sodrugestvo Group
  •  Kyowa Hakko Bio Co., Ltd.
  • Saigner Adiego
  • Chengdu Pukang Biological Technology Co. Ltd.
  • Kyowa Hakko Europe GmbH

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global amino acid market is segmented as follows:

  • By Type Market Size & Y-O-Y Growth Analysis
  • By Source Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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