Amino Acid Market: Global Industry Analysis, Trends, Market Size & Forecasts up to 2023
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Published : October, 2017
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Rep Id : CM0130
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Category : Chemicals & Materials
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Status : Published
Published : October, 2017
Rep Id : CM0130
Category : Chemicals & Materials
Status : Published
An amino acid is a type of organic acid that contains carboxyl functional
group and an amine functional group as well as a side chain that is specific to
the individual amino acid. Amino acids play central roles both as building
blocks of proteins and as intermediates in metabolism. Amino acids are
considered to be the building blocks of polypeptides and proteins. Amino acids
may function on their self but more commonly act as monomers to form larger
molecules. Amino acids are used to build a variety of molecules and are used in
neurotransmitter and lipid transport.
Figure 1: Global Amino
Acid Market by Value 2015-2023
Market Insights
The global amino acid market was sized over USD 4.88 billion in 2015. The global amino acid market is projected to
grow with a CAGR between 6.0% and 6.5% during 2017-2023. Increasing animal feed
additive demand on account of regulating metabolism in livestock production owing
to growing meat consumption is the prime factor driving the global amino acid
market. Moreover, growing health consciousness among the consumers and shifting
trends towards the dietary supplements consumption for protein intake will
drive the amino acid market across the globe over the forecast period. Furthermore,
increasing demand for the products of amino acid from food & beverages
industry such as I-glutamate due to its flavor enhancement properties is also
anticipated to drive the global amino acid market over the forecast period.
However, increasing raw material prices and lack of awareness among consumers
from underdeveloped region are the key factors restraining the growth of amino
acid market globally. Nevertheless, high demand of amino acid from expanding
applications such as pharmaceutical, cosmetics, food & beverages and
nutritional supplements industry as well as adoption of modern technologies for
manufacturing amino acids by the manufacturers will bring more opportunities to
the global amino acid market. Hence, tight supply of raw material such as corn,
soybean and wheat is likely to pose a challenge to growth of global amino acid
market over the forecast period.
Segments Covered:
The report segments the amino
acid market by product type, by source, by application and by region. Market
segmentation based on product type includes L-glutamate, lysine, methionine,
tryptophan, threonine, glutamine, valine, creatine, proline, serine and others.
Moreover, the global amino acid market based on source is segmented into plant
based and animal based. Furthermore, based on application the market is
segmented into animal feed, food & dietary supplements, pharmaceutical and
others. The animal feed application segment is further classified as swine,
poultry, cattle and others.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2017 – 2023.
Figure 2: Global Amino Acid Market by Region
Asia Pacific dominated the world amino acid market in terms of production
and is likely to continue its dominance over the forecast period due to
presence of key players and maximum amount of pork is being exported by the
region especially from China. Moreover, Asia Pacific is anticipated to grow at
a highest CAGR rate over the forecast period due to increasing population
coupled with disposable income and up-gradation of lifestyle with increasing
demand for nutritional & protein supplements. North America and Europe are
the second largest market for amino acid following the Asia Pacific. Europe is
likely to witness moderate growth due to increasing demand from food and
dietary supplements. Furthermore, North America is expected to grow at a
substantial rate due to rising obesity and increasing awareness among
youngsters as well as shifting trend towards the bodybuilding coupled with
rising demand for protein intake especially in U.S and Canada. However, Latin
America amino acid market is also likely to witness a significant growth rate
owing to major beef exports especially from Brazil.
Companies Profiled:
The
companies covered in the report include Ajinomoto Group, RSP amino acids,
Biaffin, AnaSpec, ChemPep Inc., IRIS Biotech, PepTech Corp., Archer Daniels
Midland Company, Cargill Inc., Evonik Industries AG, Fufeng Group Company Ltd.,
Sunitomo Chemical Company Ltd., Royal DSM, Novus International Inc., Amino GmbH
and Kyowa Hakko Bio Company Ltd.
Report Highlights:
Global
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Global
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Global
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Global
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Global
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