Menu ×

CHEMICALS AND ADVANCED MATERIALS

Amino Acids Market : Global Demand Analysis & Opportunity Outlook 2024

  • Report ID: 424
  • Text Size:

Extensive insights into the Growth of Amino Acids Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

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.CLICK TO DOWNLOAD FREE SAMPLE   

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 (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & 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

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved