The Amino acid market is expected to see a substantial CAGR of 7.4%, and is projected to increase from 24.2 billion in 2021 to 62.1 billion by 2032.
The demand for wholesome food has increased, along with customers’ knowledge of their health. This has forced food and beverage producers to make products boosted with necessary nutrients, such as amino acids, which has increased consumer demand for amino acids.
An increase in international athletic events and greater knowledge of the physiological benefits of amino acids on muscle building are driving the expansion of the amino acids market. Biotechnology advancements had a significant role in the creation of proteinogenic amino acids, which are added to proteins during translation and enhance amino acid sales.
Amino acids are used in animal nutrition supplements to improve animal health and productivity, which raises the demand for amino acid. Amino acids are produced utilizing numerous biotechnology-based methods.
Throughout this time, it is projected that increased consumer spending and purchasing power due to rising disposable income would present lucrative opportunities for the amino acids market.
The regional market for amino acid is anticipated to grow as a result of expanding production of amino acids and rising feed additive exports from significant countries like China and Japan.
The increasing usage of animal feed additives that contain a proportionate number of well-known amino acids, such as lysine, methionine, and threonine, for improving animal development performance is expected to drive the market for amino acid in Europe.
By Raw Material:
- Plant Based
- Animal Based
- Animal Feed
- Food Dietary Supplements
Due to the abundance of well-established market competitors and major amino acid market players operating globally, the amino acid market is fragmented. The amino acid market has been distinguished by large manufacturing capacity and well-established enterprises.
Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH, and Taiwan Amino Acids Co. Ltd. are some major key players in the amino acid market.
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