Global Amino Acids Market by Product Types, Sources, Applications, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global amino acids market was valued at 9.3 million tons in 2019 and is expected to reach 12.3 million tons by 2026, expanding at a CAGR of around 4.3% during the forecast period, 2020–2026. The growth of the market is attributed to rising meat consumption and demand for additional animal feed additive
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Amino acids are compounds containing amine and carboxyl which are processed using fermenting, extracting and chemical synthesis procedures. The production process is dependent on the composition of raw material, its state and category of yield. Mostly the materials are synthesized from α-ketoacids and transferred to amino acids using glutamate, the enzyme part of the reaction is known as aminotransferase. It can also be incorporated with adding proteins using biosynthesis to form proteinogenic amino acids. The acids are used in animal husbandry industry to increase metabolism among animals for faster growth and gain appropriate weight.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing awareness of immune development ability of the product is generating demand among animal feed industry. This, in turn, is driving the growth of the market.
- Rising geriatric population and need for nutritional supplements is steering the growth of the market.
- Flavor enhancement properties of the product is fueling the demand in food & beverage industry.
- Limited supply of raw material is expected to hinder the growth of the market
- Globally, the demand for health supplements is rising which one of the major factors fostering the growth of the market in the forecasted period.
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Competitive Landscape:
Major companies in global amino acids market includes Archer Daniels Midland Company (U.S), Evonik Industries AG (Germany), Amino GMbH (Germany), Cargill (U.S), Daesang Corporation (South Korea), Fufeng group company Ltd. (China), and Sunitomo Chemical Co. Ltd (Japan). The major 5 players have dominated the market and account for 70% of the total market share since 2014.
The global amino acids market has been segmented on the basis of
Product Types
- Glutamic Acid
- Lysine
- Methionine
- Threonine
- Tryptophan
- Leucine
- Iso-Leucine
- Valine
- Glutamine
- Arginine
- Glycine
- Phenylalanine
- Tyrosine
- Citrulline
- Creatine
- Proline
- Serine
Sources
- Plant Based
- Animal Based
Applications
- Food
- Animal Feed
- Healthcare
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- Amino Acids Market Overview
- Global Amino Acids Market Analysis and Forecast by Type
- Global Amino Acids Market Analysis and Forecast by Application
- Global Amino Acids Market Analysis and Forecast by Sales Channel
- Global Amino Acids Market Analysis and Forecast by Region
- North Amino Acids Market Analysis and Forecast
- Latin Amino Acids Market Analysis and Forecast
- Europe Amino Acids Market Analysis and Forecast
- Asia Pacific Amino Acids Market Analysis and Forecast
- Middle East & Africa Amino Acids Market Analysis and Forecast
- Competition Landscape
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