Amino Acid Market is valued at USD 25.20 Billion in 2021 and is expected to reach USD 41.67 Billion by 2028 with a CAGR of 7.45% over the forecast period.
Global Amino Acid Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing demand for amino acids as dietary supplements, rising use of amino acids in animal feed and growing availability of different types of amino acids are some of the major factors anticipated to drive the growth of Global Amino Acid Market.
Molecules that are linked together to form a protein are called as amino acids. Amino acids are most important as proteins are involved in virtually all cell functions. One of the major functions of amino acids is in the formation of proteins such as enzymes, some as antibodies, while others provide structural support. Though there are hundreds of amino acids found in nature, proteins are made from a set of 20 amino acids. Amino acids are composed of a carbon atom a hydrogen atom, a carboxyl group along with an amino group and a variable group. Depending on the variable group, amino acids can be classified into four categories nonpolar, polar, negatively charged, and positively charged. Essential amino acids that cannot be produced naturally and these amino acids must be acquired through diet. Soy protein, eggs, whitefish are common food sources for these amino acids.
The covid-19 pandemic has also impacted the global amino acid market growth owing to disturbance in the supply chain network. However, as amid covid was spreading, people became more aware about immunity-boosting products thus the demand for amino acid-based products was increased post pandemic.
The global amino acid market is segmented on the basis of types, application, and region & country level. On the basis of types, the global amino acid market is segmented into plant based amino acids and animal based amino acids. On the basis of application, the global amino acid market is segmented into animal feed, food and dietary supplements and healthcare.
The regions covered in the global amino acid market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. On the basis of country level, the market of global amino acid market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global amino acid market report are Taiwan Amino Acids Co. Ltd., Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH Archer Daniels Midland Co., Cargill Inc., CJ CheilJedang Corp., Daesang Corp., Evonik Industries AG, Fufeng Group Ltd., Taiwan Amino Acids Co. Ltd and others.
|Historical data||2018 - 2021|
|Forecast Period||2022 - 2028|
|Market Size in 2021:||USD 25.20 Billion|
|Base year considered||2021|
|Forecast Period CAGR %:||
|Market Size Expected in 2028:||USD 41.67 Billion|
|Tables, Charts & Figures:||175|
|Amino Acid Comapnies||Taiwan Amino Acids Co. Ltd., Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, AMINO GmbH Archer Daniels Midland Co., Cargill Inc., CJ CheilJedang Corp., Daesang Corp., Evonik Industries AG, Fufeng Group Ltd., Taiwan Amino Acids Co. Ltd and others.|
|Segments Covered||By Type, By Application|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|
Kyowa Hakko Launched Setria Glutathione "Breathe" Campaign
On February 18th, 2021; Kyowa Hakko announced new initiative for its branded glutathione ingredient which was made from amino acid. The global leader Kyowa Hakko, had introduced marketing of pharmaceuticals, nutraceuticals and food products, is introducing its new “breath” brand campaign featuring Setria Glutathione, a patented glutathione ingredient that supported respiratory and immune health.
Increasing Demand for Amino acids as Dietary Supplements, Rising use of Amino Acids in Animal Feed and Growing Availability of Different types of Amino Acids are Some of the Major Factors anticipated to Drive the Market Growth
One of the major factors driving to the growth of global amino acids market is their increasing use as dietary supplements. Amino acids offer various health benefits such as; increase immunity, maintaining healthy skin, nails, and hairs, and other benefits. Amino acid supplementation during workouts to help body build muscle and improve athletic performance, which can help the consumer lose weight and keep it off longer. They can also boost endurance and reduce post-workout soreness and fatigue. In addition, increasing number of product launches by key players are also supplementing the market growth. For instance; RCT-backed amino acid supplement launched by Ajinomoto Co. Inc in July 2021, supplement for cognitive decline which contains seven essential amino acids.
In addition to that, rising use of amino acids in animal feeds is also augumenting the market growth. Amino acids are also used in animal health as amino acids are essential for animal health, for the maintenance of numerous metabolic functions, including maintenance and immune responses. If animals were not getting enough amino acids, animals may experience reduced immune and metabolic responses, leaving their body more susceptible to diseases, and, in severe cases, mortality. Their fore there is rising demand for amino acids in animal feed.
Moreover, growing the availability of different amino acids which contain sources of amino acids are also fostering the market growth. Also, the nutritional value remains intact of these products and demand for such products is accelerating the growth of global amino acids market. However, strict regulations by government on the products containing amino acids may hinder the growth of the market. In spite of that, increasing awareness and popularity of amino acids will provide an opportunity for the further growth of the market.
North America Holds a Major Share of the Global Amino Acid Market
North America is expected to capture a major share in the global amino acid market within the forecast period due to the presence of major key players, rising industrialization of the livestock industry and growing awareness about the benefits of amino acids in this region. For example; as per the National Agricultural Statistics Service (NASS) of the U.S. Department of Agriculture (USDA); in 2017, the cattle industry had the highest value of production at roughly $50.2 billion. The poultry industries were the next largest commodity in the United States, with production valued at around $42.7 billion, followed by hogs and pigs at $19.2 billion.
The Asia Pacific is anticipated to be the fastest-growing region during the forecast period due to increasing rising demand for amino acids for livestock animals, the rise in purchasing power, and consumer demand for nutritional & healthy products in this region. For instance; ADM Animal Nutrition launched NutriPass L Encapsulated Lysine supplement that is rumen-stable and intestinally available to cows. Moreover, increase in purchasing power of consumers due to the economic development in China and India stimulating the demand for food amino acids.
By Region Analysis
Middle East and Africa
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