The European Commercial amino acids market size is estimated to be worth USD 8.40 billion by 2027 and USD 5.56 billion in 2022, growing at a CAGR of 8.6% during the forecast period.
Europe is comparatively a well-established and traditional market for feed amino acids. The commercial amino acids market is expected to be driven by rising demand for amino acids from the food, nutraceutical industries, pharmaceuticals, and better living standards in European countries. Some of the key factors for market growth in the region are the industrialized livestock sector, increased meat consumption, and rising concerns about animal disease outbreaks. Additionally, growing awareness among the people towards the safety and quality of meat and Consumers' growing health consciousness has raised the demand for healthy foods. As a result, food and beverage producers have begun to develop goods fortified with vital nutrients like amino acids, resulting in a rise in demand. Amino acids are utilized in various applications and have a variety of roles in both animals and humans. Amino acid commercial uses are expanding as technology progresses, and our understanding of the activities and characteristics of amino acids improves. Amino acid manufacturing has become more cost-effective due to new production technologies and large-scale production, which has increased its user base.
Amino acid production is mostly based on biotechnological techniques. Even though biotechnology-based manufacturing is capital demanding, it is important in synthesizing amino acids. To enhance crop yield, modern biotechnology is used. Genetic and metabolic engineering, for example, are employed to enhance strain. In the long run, rising demand for dietary supplements and the growth of the healthcare industry in countries like the United Kingdom, Germany, Spain, and Italy is projected to drive the European commercial amino acids market. Among the several forms of amino acids, lysine and valine are gaining popularity among consumers.
Furthermore, to boost their performance and muscular growth, bodybuilders and athletes are increasingly turning to protein-rich products. Sports supplements, energy drinks, nutrition bars, low carbohydrate meals, and nutrition supplements are just a few of the products available. Amino acids are also utilized in animal feed to satisfy the animals' protein requirements.
The primary constraint to the expansion of the feed amino acids market is the price volatility of feed raw materials and strict restrictions across countries. The discovery of alternative protein sources is also exerting inflationary pressure on market growth.
This research report on the European commercial amino acids market has been segmented and sub-segmented into the following categories:
Geographically, the European commercial amino acids market is expected to register a substantial share globally during the forecast period. The regional market is projected to be driven by the growing usage of animal feed additives containing a proportionate quantity of significant amino acids such as lysine, methionine, and threonine for enhancing animal growth performance. Furthermore, the growing demand for high-quality meat and meat products is likely to propel the feed additives market in the region, which will fuel amino acid usage in the feed sector.
European countries such as Germany, the U.K., France, and Italy have witnessed increased meat consumption over the past few years. However, the recent global pandemic has negatively impacted the Commercial Amino Acids Market. Furthermore, Italy and the United Kingdom are the worst-affected countries, resulting in the closure of several manufacturing companies. This is likely to influence the feed additive supply chain significantly, reducing market growth in the region. in the regional market, the U.K is anticipated to showcase the highest share in the market and contribute to the regional market growth. An increase in meat consumption and growing awareness about the rising concerns about animal disease outbreaks are expected to propel market growth.
KEY MARKET PLAYERS:
A few of the notable companies operating in the European commercial amino acids market profiled in this report are Ajinomoto, RSP Amino Acids, Biaffin, Anaspec, Chempep Inc., IRIS Biotech, Peptech Corporation, and Synthetic.
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