The size of the North America Commercial amino acids market was worth USD 5.32 billion in 2021 and is estimated to be growing at a CAGR of 8.8%, to reach USD 8.11 billion by 2026. Amino acids are organic compounds produced using the amine and carboxylic acid functional groups.
The constant increase in population in the North American countries with the rising need for additional nutrition supplements and ingredients for humans is primarily accelerating the commercial amino acids market growth in this region. The North American market is mainly driven by animals, which are crucial for health because they assist in producing proteins, which are required for key activities such as cell construction, hormone synthesis, and neurotransmitter synthesis.
Moreover, increasing investments and fundings from government and non-government firms in research activities for developing more effective products and rising disposable income is propelling the growth of the commercial amino acids in the market. In addition, the rise in the consumption rate of protein-rich supplements and food such as dietary and meat products with enhanced taste and nutrition is surely accelerating the market growth.
The increase in the constantly rising demand for amino acids in diet also increases the competition between players to introduce a new and enhanced product with beneficial effects. On the other hand, the key market players in the region are adopting various market strategies such as mergers, acquisitions, and collaboration to gain a competitive advantage over the marketplace.
Furthermore, the rise in initiatives for raising awareness among the people about the benefits and need for commercial amino acids for a healthy and nutrition-rich diet is positively influencing the market growth. Also, these amino acids help improve performance. When metabolized in the body, it provides extra energy and increases the need for commercial amino acids market in the North American region.
However, the increase in the high costs of raw materials for developing products and supplements is the leading cause affecting the growth of the North American commercial amino acids market. In addition, the strict rules and regulations for the approval processes as well as stringent government policies and guidelines make the entry of the product more difficult as these processes and procedures are very tedious and consume lots of time also, due to the presence of various substitutes products in the market is restraining the growth of the North American commercial amino acids market.
This research report on the North American commercial amino acids market has been segmented and sub-segmented into the following categories:
By Type:
By Application:
By Country:
Geographically, North America held the largest share of the global commercial Amino Acids market in 2020. The market growth is driven by the availability of advanced healthcare infrastructure, increasing healthcare expenditure, and favorable reimbursement policies in the region. In addition, the growing population in the area and the rising demand and utilization of amino acids in food supplements, dietary and meat products are expected to contribute to the North American regional market growth.
The U.S. commercial amino acids market dominates the North American market during the forecast period due to well-established healthcare infrastructure. Moreover, the government policies facilitating the growth of the market. Further, the U.S. has also experienced increased consumption rates of protein-rich supplements and food such as dietary and meat products, which has triggered the commercial amino acids market growth.
On the other hand, Canada has witnessed a large number of Canadians consuming meat this year. Also, government and private organizations' investments have been focusing on research to develop enhanced and innovative products, increasing the demand for commercial amino acids and their growth in the market.
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 main 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.Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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 Type
5.1.1 Introduction
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 Application
5.2.1 Introduction
5.2.2 Food & Dietary Supplement
5.2.3 Pharmaceuticals
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 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Application
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Application
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Application
6.2 United States
6.3 Canada
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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 Ajinomoto
8.1.1 Overview
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
8.3 Biaffin
8.4 RSP amino acids
8.5 ChemPep Inc
8.6 IRIS Biotech
8.7 Synthetech
9.Competitive Landscape
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
Appendix
a) List of Tables
b) List of Figures
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