The amino acid market is expected to experience a substantial CAGR of 7.4%, which is projected to increase from 24.2 billion in 2021 to 62.1 billion in 2032.
The Demand for healthy food has increased at the same time as consumers are more knowledgeable about their health. This has forced food and beverage manufacturers to create products fortified with necessary nutrients such as amino acids, which has increased consumer demand for amino acids.
An increase in international sporting events and heightened awareness of the The physiological benefits of amino acids in muscle building are driving the expansion of the amino acid market. Advances in biotechnology have played an important role in the creation of protein-gene amino acids, which are added to proteins during translation and increase amino acid sales.
Amino acids are used in animal nutritional supplements to to improve the health and productivity of animals, which increases the need for amino acids. Amino acids are produced using numerous biotechnological processes. During this time, rising consumer spending and purchasing power due to rising disposable incomes are likely to present lucrative opportunities for the amino acid market.
The regional amino acid market will grow due to the expansion of amino acid production and increasing Exports of feed additives from major countries such as China and Japan are expected to increase. Use all known amino acids such as lysine, methionine and threonine to improve animal developmental performance will boost the amino acid market in Europe.
By Raw Material:
- Plant Based
- Animal Based
- Animal Feed
- Food & Dietary Supplements
The amino acid market is fragmented due to the abundance of established market competitors and large amino acid market players operating worldwide. The amino acid market is characterized by strong production capacities and established companies.
Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH and Taiwan Amino Acids Co. Ltd. Limited. are some of the major players in the amino acid market.