The global Amino Acids Market size is projected to reach USD 49.7 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.4% from 2022 to 2030. The growing consumer awareness regarding a healthy lifestyle, coupled with the increasing consumption of meat and meat products, is anticipated to drive the demand for amino acids during the forecast period.
Amino acids are essential compounds that play a vital
role in protein synthesis and are responsible for the proper functioning of the
human body. They help in reducing the likelihood of cardiovascular diseases,
preventing muscle damage, and increasing metabolism. These properties have
resulted in their extensive consumption in dietary and other pharmaceutical
applications in the healthcare industry.
Commercially, amino acids are derived from various
plants and animal sources, which include soybean, corn, wheat, blood, skin, and
hair, using fermentation, extraction, and chemical synthesis. Research and
development activities related to improving the yield and quality of extracted
amino acids are being carried out globally.
The food and dietary supplements application segment
dominated the market for amino acids in 2021. Food amino acids observed
substantial growth as they are used to enhance the flavor and nutritional value
of food products. The animal feed application segment is anticipated to witness
the fastest growth in the coming years due to growing product inclusion in
animal feed conversion.
Asia Pacific dominated the market in 2021 owing to
factors such as high demand from the regional food and beverage sector, increasing
consumer awareness concerning health, and growing preference for functional
foods. The market for amino acids in Europe is anticipated to witness
significant growth in the forthcoming years, owing to the extensive growth of
the region’s pharmaceutical and nutraceutical sectors.
Moreover, the ingredients used in formulating
pharmaceutical and nutraceutical products follow stringent norms. In North
America, the Food and Drug Administration (FDA), U.S. Department of Agriculture
(USDA), and U.S. Environmental Protection Agency (EPA) regulate plant- and
animal-sourced amino acid products. Each of these regulatory bodies has chalked
out certain regulations and published guidance documents to ensure the safety
and effectiveness of these products.
Key players are focusing on new and strategic
alliances such as mergers and acquisitions, among others, as well as production
capacity expansions. For instance, in July 2021, Ajinomoto Co., Inc., a
Tokyo, Japan-based biotechnology and multinational food corporation announced
the launch of an amino acid supplement. The supplement comprises isoleucine,
leucine, valine, phenylalanine, histidine, lysine, and tryptophan. Specially
created for elders and middle-aged people, the supplement helps in reducing the
risk of memory impairment and cognitive decline.
Related Press Release@ Amino Acids Market Report
Amino Acids Market Report
Highlights
- In terms of revenue, the plant-based raw material segment is
expected to emerge as the fastest-growing segment during the forecast
period
- In terms of product, the serine segment is expected to exhibit the
highest volume-based CAGR of 12.6% from 2022 to 2030, owing to its
increasing demand in the production of sphingolipids
- Asia Pacific held the largest share of 51.3% based on volume in
2021 in the global market for amino acids
- Asian countries, particularly India and China, are likely to
witness remarkable growth over the forecast period in this industry
- Growing awareness regarding animal health and augmented demand for
high-quality meat products are expected to drive amino acid consumption in
animal feed applications
- Key market players are mainly focusing on innovation to improve
service quality and meet global consumer demands
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
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