Market Overview:
Amino acids are fundamentally important organic compounds that combine to form proteins. They play a major role in various metabolic functions within the human body. Amino acids are widely used in nutritional supplements, animal feed, pharmaceuticals, cosmetics, and food & beverage industry. Lysine, methionine, threonine, and tryptophan are among the most common amino acids used as supplements and nutritional products due to their important biological functions.
Market Dynamics:
Rising consumer health awareness and demand for high protein nutritional supplements is a major driver for the amino acid market growth. Shifting dietary preferences towards functional food and beverages that provide additional health benefits is further fueling the demand for amino acids. Additionally, growing application of amino acids in animal feed industry is positively impacting the market. As per the United Nations Food and Agriculture Organization, global meat production is projected to increase by over 70% between 2020 and 2050 driven by rising population and economic growth. Amino acids are an important source of essential nutrients for animals and their demand from feed industry is expected to witness steady rise over the forecast period. However, fluctuations in raw material prices may hamper the market growth to some extent over the coming years.
The global Amino Acid Market Demand is estimated to be valued at US$ 27.4 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Segment Analysis
The amino acid market can be segmented into essential and non-essential amino acids. Essential amino acids are dominating the market as they cannot be synthesized by the human body and must be obtained from dietary sources. Essential amino acids include lysine, methionine, threonine, tryptophan, leucine, isoleucine, valine and phenylalanine. Among these, lysine holds the largest market share owing to its extensive use as a livestock feed supplement and growing demand in dietary supplements.
PEST Analysis
Political: Government policies supporting the growing meat industry and livestock management practices are positively impacting the demand for amino acids.
Economic: Rising disposable incomes and growing health consciousness among consumers are increasing the demand for nutraceuticals and dietary supplements containing amino acids.
Social: Changing lifestyles and busy schedules have increased the consumption of convenience and packaged foods rich in amino acids.
Technological: Advancements in fermentation technology and new production methods are helping lower costs and aid the commercialization of rare amino acids.
Key Takeaways
The global amino acid market is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for nutraceuticals and dietary supplements. The Asia Pacific amino acid market is projected to grow at the fastest rate during the forecast period. This can be attributed to growing meat consumption, widespread adoption of lifestyle diseases preventive measures, and rising health-conscious population in China, India, and other Asian countries.
Regional analysis
The Asia Pacific region is projected to be the fastest growing market for amino acids during the forecast period. This can be attributed to the increasing meat consumption led by growing demand from China, India and other Southeast Asian countries. Rapid economic development, rising living standards, and changing dietary patterns towards protein-rich diets are fueling the demand for meat and meat products in the region.
Key players
Key players operating in the amino acid market are Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., AMINO GmbH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker, Chemie AG, Adisseo, and CJ CheilJedang Corp. Ajinomoto Co., Inc. and KYOWA HAKKO BIO CO., LTD. are the leading suppliers of amino acids globally.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
