The commercial amino acids market in the Asia-Pacific region is estimated to grow USD 13.95 billion by 2027 and USD 9.54 billion in 2022, growing at a CAGR of 7.90% during the forecast period.
Increasing use of amino acids by farmers to feed animals, research and development activities, and expanding demand for nutritional supplements are projected to fuel the growth possibilities for the commercial acids market in the APAC region during the forecast period. Also, the growing demand for meat, dairy, and dietary supplements is further driving the market growth. In addition, the growing awareness of the significance of eating a healthy, nutritious diet boosts market demand. It raises the capita income in rising economies is expected to positively influence the market growth in developing countries such as India and China. Furthermore, the development of chemical industries across the region, central skilled people, and governmental initiatives to improve healthcare infrastructure are estimated to favor the market growth during the forecast period.
Furthermore, the demand for commercial amino acids is anticipated to grow as people become more aware of the benefits of eating healthy and functional food. People's increasing demand for amino acids and their increasing disposable money drive the commercial amino acids market forward in the APAC region. In addition, in developing countries, the consumption of protein-rich food supplements such as meat and dairy products is steadily increasing, promoting the commercial amino acid market expansion.
Moreover, animal and human food manufacturing industries, technological advancements, and a better understanding of the amino acids' key properties and functions are encouraging the commercial amino acid market in the region. The use of amino acids as an antibiotic alternative due to their safety and organic nature is expected to generate attractive growth prospects for key players in the commercial amino acids industry throughout the forecast period.
The availability of alternative protein sources poses a substantial threat to the commercial amino acids market's growth rate in the APAC region. Furthermore, the market's expansion is further expected to be inhibited by the constant fluctuation of raw material costs.
This research report on the APAC commercial amino acids market has been segmented and sub-segmented into the following categories:
The Asia Pacific is anticipated to witness a significant share in the global commercial amino acids market during the forecast period owing to the rising population and growing consumption of protein-rich foods, particularly in countries such as India and China. During the forecast period, the region is expected to increase at the fastest rate in terms of revenue. The regional market is predicted to rise due to increased amino acids production and increased exports of food additives. On the other hand, farmers' increasing adoption of amino acids to feed livestock, rising disposable income in these countries, and are expected to provide lucrative growth opportunities for the commercial acids market in the projected period. Developing countries such as India, China, and Japan are significant contributors to the Asia Pacific region's commercial amino acid market growth.
The rise in population in developing economies such as China and India, combined with the existence of a young population, has resulted in a strong demand for amino acids in these countries.
Moreover, India has emerged as a significant market for amino acids. Rising demand for dietary supplements, improving healthcare infrastructure, and increasing investments and funding by the government for research and development activities fuel the country's market growth.
KEY MARKET PLAYERS:
A portion of this industry's organizations is Ajinomoto, RSP amino acids, Baffin, AnaSpec, ChemPep Inc, IRIS Biotech, PepTech Corporation, and Synthetech. Ajinomoto is one of the foremost makers of amino acids. It offers amino acids for research, item improvement, and process advancement. It has created and utilized inventive systems to make these acids.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Human Food
5.1.3 Animal Feed
5.1.4 Y-o-Y Growth Analysis, By Type
5.1.5 Market Attractiveness Analysis, By Type
5.1.6 Market Share Analysis, By Type
5.2.2 Food & Dietary Supplement
5.2.4 Chemical Industries
5.2.5 Y-o-Y Growth Analysis, By Application
5.2.6 Market Attractiveness Analysis, By Application
5.2.7 Market Share Analysis, By Application
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Application
6.1.4 Market Attractiveness Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Application
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Application
6.5 South Korea
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 , PepTech Corporation and Synthetech
8.4 RSP amino acids
8.5 ChemPep Inc
8.6 IRIS Biotech
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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