The Global Commercial Amino Acids Market size is estimated to be growing at a CAGR of 8.48% from 2021 to 2026. The size of the market is predicted to be worth USD 41.07 billion by 2026 from USD 27.34 billion in 2021.
In commerce, amino acids can be used as food supplements for animals, nutritional additives, and flavorings for human foods. It is also used in medical, cosmetic, research, therapeutic, and industrial applications. Amino acids are increasingly used as nutritional proteins to strengthen animal nutrition and as food supplements for humans. It is also used for various inventions in the field of medicine, as it can be used to produce any number of polypeptides. Its current uses in food and feed additives will continue to grow as there is no substitute for amino acids.
High demand for supplementary food products harbors the market in developed and developing regions; the excessive consumption rate of protein-rich foods with commercial amino acids to improve the taste and nutrition amount is considered a prominent driving factor for the global commercial amino acids demand market.
Technological improvement and understanding the key properties and function of the amino acids are encouraging the commercial amino acid call in both animals and human food manufacturing industries. Developing chemical industries across the globe owing to a central skilled person and governmental initiative to raise the money is another market fulling term helping the overall market growth. Increasing awareness amongst the people for a healthy and nutrition-rich diet uplifts market demand and growing per capita income across uplifting economies. Intensified demand for meat, dairy, and the dietary product is fuelling the demand.
Increasing awareness of consumers regarding healthy and functional food leads to a rise in demand for the commercial amino acids market across the world. Increasing demand for amino acids among people and rising disposable income are also the major factors that boost the growth of the global commercial amino acids market. The increasing consumption rate of protein-rich supplements of food such as meat and dairy products is constantly uprising in developing countries, which are boosting up the growth of commercial amino acids business across the world. Other factors that are further fueling the development of this market are benefits associated with amino acids, such as providing energy for blood circulation, muscle movements, growth of bones and muscle, and digestion.
Steadily increasing demand for amino acids in the diet is expected to create growth opportunities for the global commercial amino acids market during the forecast period. Adopting amino acids as a substitute for antibiotics as they offer safety and are organic, which is supposed to provide lucrative growth opportunities for key market players functioning in the commercial amino acids business during the forecast period. The increasing adoption rate of amino acids owing to growing economies of developing countries such as China, India, Brazil, and Japan due to increasing adoption of amino acids by farmers to feed livestock, rising disposable income of people in these regions, and growing demand for dietary supplements are also expected to provide lucrative growth opportunities for commercial acids market during the forecast period.
Other factors such as restriction on antibiotics applications in few countries, gradually increasing health consciousness in people, adopting functional dietary supplements at a higher rate are foreseen to create lucrative growth opportunities for the key players in the commercial amino acids market during the forecast period.
The availability of alternative protein sources poses a significant challenge to the growth rate of the global commercial amino acids market. Continually altering the costs of raw materials is restraining the growth of this market.
Market Size Available
2020 to 2026
2021 to 2026
By Type, Application, and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
This research report on the global commercial amino acid market has been segmented and sub-segmented based on type, application, and region.
Commercial Amino Acids Market - By Type:
Based on type, Human food and animal feed shaped a significant part of the amino acids market. As the population and the living standard are expanding, the utilization of amino acids in food and feed applications is expected to grow at an unfaltering rate.
Commercial Amino Acids Market - By Application:
Based on the application, the food and dietary supplements had accounted for the majority of the market share in 2019 and are predicted to hold this position during the forecast period.
Commercial Amino Acids Market - By Region:
Geographically, Asia-Pacific dominated the global commercial amino acids market with a volume share of 52.17% in 2020. The region is expected to experience the fastest growth in terms of revenue during the forecast period. The increased production of amino acids in the region and the increasing exports of food additives from key countries like China and Japan are expected to contribute to the growth of the regional market. Amino acids are mainly used to treat liver and cardiovascular disorders and reduce fatigue and muscle breakdown. The increase in population in developing economies like China and India, coupled with young populations' presence, has led to high demand for amino acids in the countries mentioned above.
European countries like Germany, UK, France, and Italy have seen increased meat consumption in recent years. The increasing use of feed additives containing a proportional amount of essential amino acids, such as lysine, methionine, and threonine to improve animal growth performance is expected to boost the regional market. The growing demand for high-quality meat and meat products is expected to grow the food additive market in the region, which is expected to increase the consumption of amino acids in the animal feed industry.
North America will also have steady growth openings to the overall market in the upcoming years, though increasing disposable income booming animal food manufacturing industries, composed of massive availability of prominent players across the countries. Moreover, growing mergers and acquirement events amid international and local players to supplement manufacturing product portfolios is expected to be the key growth driver for the regional market.
NOTABLE COMPANIES IN THIS MARKET:
Some of the promising companies leading the global commercial amino acids market profiled in this report are Ajinomoto, RSP Amino Acids, Biaffin, Anaspec, Chempep Inc., IRIS Biotech, Peptech Corporation, and Synthetech.
RECENT MARKET HAPPENINGS:
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
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Application
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Application
6.1.5 Market Share Analysis
126.96.36.199 By Geographical Area
188.8.131.52 By Type
184.108.40.206 By Application
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
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