Global Amino Acid market overview 2024, Forecast To 2033
24 Jan, 2024
The amino acid market has displayed robust growth, climbing from $26.7 billion in 2023 to $29.12 billion in 2024, showcasing a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period is attributed to nutritional supplements, pharmaceutical applications, animal feed and agriculture, processed foods, flavor enhancers, biotechnology, and research, along with amino acid fortification. Moving into the next few years, the market is poised for strong growth, reaching $41.04 billion in 2028 at a CAGR of 9.0%. Anticipated drivers include plant-based and vegan diets, sports nutrition, amino acid-based pharmaceuticals, precision agriculture, and advancements in biomanufacturing and biotechnology. Major trends in the forecast period include personalized nutrition, functional amino acids, bioavailability enhancement, clean label products, and biotechnological advances.
Global Amino Acid Market Key Driver
The amino acid market is set to grow with the rising health consciousness among the population. In 2021, an online survey conducted by the Times of India revealed that 70% of participants prioritized dietary lifestyle changes, emphasizing healthy nutrient-rich foods. Amino acids, essential for immunity improvement, are increasingly incorporated into diets. The heightened health consciousness, demonstrated by dietary shifts, is a significant driver for the amino acid market.
Get A Free Sample Of The Global Amino Acid Market ReportGlobal Amino Acid Market Segments
The global amino acid market covered in this report is segmented –
1) By Type: Histidine, Isoleucine, Leucine, Glutamate, Lysine, Methionine, Threonine, Other Types
2) By Source: Animal-Based, Plant-Based
3) By Application: Animal Feed, Food and Beverages, Pharma and Health Care, Nutraceuticals, Cosmetics and Personal Care, Other Applications
By Geography: The regions covered in the Amino Acid market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the amino acid market in 2023. Europe was the second largest region in the amino acid market. The regions covered in the amino acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major Amino Acid Industry Players
Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc., Fufeng Group Company Limited, Ajinomoto Co. Inc., Kyowa Hakko Bio Co. Ltd., Novus International Inc., Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., Sekisui Medical Co. Ltd., Koninklijke DSM NV, Kemin Industries Inc., Evonik Industries AG, Phillip Brothers Chemicals Inc., Mitsubishi Tanabe Pharma Corp., Nippon Kayaku Seizo Co. Ltd., Wacker Chemical Corporation, Creative Enzymes, Asiamerica Group Inc., CJ CheilJedang Corp., Novus International Inc., Royal DSM N.V., Carbolution Chemicals GmbH, Welding GmbH & CO. KG, Ryss Lab Inc., Meihua Holdings Group Co. Ltd., Fufeng Group Company Limited, Shandong Yangcheng Biotech Co. Ltd., Sichuan Tongsheng Amino Acid Co. Ltd., Tianjin Tianan Pharmaceuticals Co. Ltd.
Get The Full Global Amino Acid Market Report
Amino Acid Market Overview
The amino acid are used for animal as well as human nutrition. Amino acids consist of an acidic carboxyl group (COOH), a basic amino group (NH2), and an organic R group that is unique to each amino acid. Amino acids refer to the basic elements of proteins and are found in red meat, seafood, eggs, dairy products, and soy products. It helps to improve the immune system, combat arthritis and cancer, and cure tinnitus and rectal ailments. These are useful in the synthesis of neurotransmitters and hormones in the human body.
Amino Acid Global Market Report 2023 provides data on the global amino acid market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The amino acid market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.