by Amino acids are organic compounds that combine to form proteins. They play a vital role in numerous biological processes in the human body such as metabolism, digestion, brain function, etc. Amino acids are also extensively used in nutraceuticals due to their health benefits.
The global Amino Acid Market is estimated to be valued at US$ 50 billion in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Key Trends:
Rising Demand from Nutraceuticals and Pharmaceutical Industries
One of the major drivers propelling the growth of the global amino acid market is the increasing demand from the nutraceutical and pharmaceutical industries. Amino acids find wide application in various dietary supplements due to their nutritional and health-promoting properties. Lysine, tryptophan, leucine, etc. are commonly used in nutraceutical products aimed at improving muscle growth, bone health, immunity, mood, sleep quality, and cardiovascular health. Additionally, certain amino acids such as glutamine and arginine are gaining significance in pharmaceutical formulations owing to their therapeutic benefits in conditions like cancer cachexia, digestion disorders, etc. The burgeoning nutraceutical and pharmaceutical sectors are thus contributing significantly to the expansion of the global amino acid market.
SWOT Analysis
Strength: Amino acids are essential nutrients required for proper growth and development. They help in building and repairing muscle tissues.
Weakness: The extraction and production of amino acids involves complex chemical processes making them relatively expensive.
Opportunity: Rising health awareness among consumers regarding nutrition and fitness is driving the demand for amino acids as supplements. Growing food processing industry also offers opportunities.
Threats: Stringent regulations associated with the usage of amino acids may hinder the market growth to some extent. Fluctuations in raw material prices also pose a threat.
Key Takeaways
The Global Amino Acid Market Growth is expected to witness high over the forecast period of 2023 to 2030. The global Amino Acid Market is estimated to be valued at US$ 50 billion in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023-2030.
Regional analysis:
The Asia Pacific region is expected to maintain its dominance in the global amino acid market during the forecast period. This can be attributed to the rapid growth of the nutraceutical, pharmaceutical and food processing industries in the region. Countries like China and India have emerged as major producers as well as consumers of amino acids. North America and Europe are other significant markets driven by high health awareness and demand for dietary supplements.
Key players:
Key players operating in the amino acid market are Ajinomoto Co., Inc., Kyowa Hakko Kirin Group, Evonik Industries, Sigma-Aldrich, Prinova Group LLC, Daesang Corporation, Shaoxing Yamei Biotechnology Co., Ltd, Qingdao Samin Chemical Co., Ltd., Hugestone Enterprise Co., Ltd., and Brenntag AG. Ajinomoto Co., Inc. is one of the leading players offering a wide range of amino acid products like lysine, threonine, tryptophan etc.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
