A recent report published by Infinium Global Research on the amino acid market provides an in-depth analysis of segments and sub-segments in the global as well as the regional amino acid market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional amino acid market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global amino acid market. According to the report, the global amino acid market is projected to grow at a CAGR of Over 7% over the forecast period of 2022-2028.
An amino acid is a type of molecule used by all humans, it fulfills the requirement of protein in the body. The human body needs 20 different amino acids out of which nine amino acids are called essential amino acids. Essential amino acids must be consumed through food. The amino acids link together with peptide bonds and become proteins so, proteins are formed with long chains of amino acids. Amino acids are considered to be the building blocks of polypeptides and proteins. Amino commonly acts as monomers to form larger molecules. Some nonessential amino acids are classified as conditionally essential. These amino acids are essential only under a specific condition, such as during illness, pregnancy, infancy, or trauma.
People are becoming more conscious about their health, with the growing trend of bodybuilding and increasing consumption of healthy food. Most of the urban population is consuming dietary supplements for maintaining their body weight and shape. The consumption of dietary supplements for protein intake is driving the growth of the amino acid market across the globe. The increasing health consciousness is not only helping the growth of the amino acid market but also increasing life expectancy, and improving the physical and mental health of the consumer. Moreover, increasing demand for products containing amino acids owing to their flavor enhancement properties is also anticipated to drive the amino acid market in the food and beverage industry over the forecast period. The factors like rising raw material prices, lack of awareness among consumers in developing regions, and less amount of population actually caring about their physical appearance and health are restraining the growth of the amino acid market globally. However, growing applications of amino acid in different industry verticals such as pharmaceutical, cosmetics, food & beverages is providing lucrative growth opportunity to the amino acid market.
The amino acid market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia-Pacific is expected to hold a significant share of the market. Rising countries such as India and China are one of the largest producers of amino acids in the world. The countries in this region are the largest exporters of amino acids, mainly china exports most of the products in the global market. Additionally, the Asia Pacific region is expected to grow at the highest CAGR rate over the forecast period owing to the increasing population in the countries coupled with growing disposable income. Urbanization in developing region help in the up-gradation of lifestyle with increasing demand for nutritional & protein supplements. Moreover, North America is expected to grab the maximum share of the amino acid market due to rising awareness among the population as well as the trend of bodybuilding in youngsters is helping to increase the demand for protein intake, especially in the U.S., and Canada. Furthermore, the Latin American amino acid market is also likely to witness a significant growth rate owing to major beef exports, especially from Brazil.
The report on the global amino acid market covers segments such as product type, source, and application. On the basis of product type, the sub-markets include l-glutamate, lysine, methionine, threonine, tryptophan, and others. On the basis of source, the sub-markets include plant-based, and animal-based. On the basis of application, the sub-markets include food & dietary supplements, pharmaceutical, animal feed, and others.
The report provides profiles of the companies in the market such as AnaSpec, ChemPep Inc., Ajinomoto Co., Inc., RSP amino acids, Biaffin GmbH & Co KG, IRIS BIOTECH GMBH, PepTech Corporation, The Archer-Daniels-Midland Company, Evonik Industries AG, and Fufeng Group.
The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the amino acid market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
Please Choose One of them.