Amino Acids Market by Source (Plant-Based and Animal Based), Product (L-Glutamate, Lysine, Methionine, Threonine, Tryptophan, Leucine, Others), Application (Animal Feed, Food and Beverages, Pharmaceuticals, Others): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026712 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The market crossed US$ 27.5 billion mark in 2022 and is expected to hit US$ 46.4 billion by 2030, recording a CAGR of 6.5% during the forecast period.

Availability of different types of amino acids

Amino acids is segregated in 3 groups, essential amino acids, non-essential amino acids, and conditional amino acids. These groups contain different types of amino acids based on their necessities. As each essential amino acid has a different function in the organism, the symptoms vary congruently. Therefore, the availability of several types of amino acids and their varying supplies has led to the production of products having diverse amino acids. Consequently, the demand for different types of amino acids has led to the production of various products with several compositions and benefits, ultimately leading to the growth of the amino acids market.

Within the report, the market is segmented into source, product, applications, and geography. By source, the market is further segmented into plant-based, and animal based. Based on product, the market is bifurcated into L-glutamate, lysine, methionine, threonine, tryptophan, leucine, others. By application, the market is categorized into animal feed, food and beverages, pharmaceuticals, and others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Growth in a number of initiatives taken by amino acid manufacturers

An upsurge in the number of creativities taken by the manufacturers for amino acids, such as investments, product expansion, launches, and others, will create a great opportunity for the growth of the amino acids market. The need for amino acids is rising in various industries, including pharmaceuticals, food & beverages, dietary supplements, cosmetics, and others, owing to its several health benefits such as increasing the building of muscle, and immune system, helping in maintaining healthy skin, repair of body tissue, nails, and hairs, and other benefits. With the increasing awareness among consumers regarding the health benefits offered by amino acids, the demand for amino acids will increase, enabling manufacturers to launch new products in the market, expand their manufacturing facilities and raise investments to manufacture different amino acids products for various end users.

Increasing health-consciousness among consumers has increased the demand for nutritious foods

Increasing health consciousness among consumers has improved the demand for nutritious foods. This has encouraged food and beverage manufacturers to introduce products fortified with essential nutrients, such as amino acids, thereby increasing their demand. In addition, bodybuilders and athletes increasingly prefer high protein products to improve their performance and enhance muscle development. Some consumers include sports supplements, such as energy drinks, low carbohydrate foods, nutrition bars, and supplements. Additional, amino acids are used in animal feed to meet the protein requirements of the animals. Furthermore, continuous developments in the field of biotechnology have played a significant role in the production of proteinogenic amino acids, which are merged into proteins during translation.

Recent strategic developments in amino acids market

The amino acids market has undergone several significant developments, and a few of these have been mentioned below:

  • In February 2021, Amino GmbH inaugurated a new quality center in Frellstedt region.

The amino acids market is driven by several players implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH, and Taiwan Amino Acids Co. Ltd. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Amino acids-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Source:
    • Plant-Based
    • Animal Based
  • Product:
    • L-Glutamate
    • Lysine
    • Methionine
    • Threonine
    • Tryptophan
    • Leucine
    • Others
  • Application
    • Animal Feed
    • Food and Beverages
    • Pharmaceuticals
    • Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Ajinomoto Co., Inc.
    • Evonik Industries AG
    • AMINO GmbH
    • Taiwan Amino Acids Co. Ltd.

The List of Companies
- Ajinomoto Co., Inc.
- Evonik Industries AG
- Taiwan Amino Acids Co. Ltd.

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