by Market Overview:
Amino acids are organic compounds that combine to form proteins. They help the human body produce new proteins and perform multiple important biological functions. The increasing demand for nutrition supplements, animal feed, food & beverages, and pharmaceutical applications is driving the growth of the amino acid market.
Market key trends:
The rising adoption of personalized nutrition is one of the key trends in the amino acid market. With growing health consciousness, consumers are increasingly interested in tailoring their nutrition based on their genetic makeup, lifestyle, and individual health needs. Nutrigenomics research indicates that individual amino acid requirements can vary significantly depending on these factors. As a result, companies are developing amino acid products designed for specific health applications including muscle building, weight management, digestive health, and energy & fatigue management. This trend is expected to continue in the coming years due to growing awareness about the importance of targeted nutrition.
The global Amino Acid Market Demand is estimated to be valued at US$ 27.4 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
SWOT Analysis
Strength: The amino acid market has strong growth prospects due to increasing demand for amino acids from various end-use industries like food & beverages, pharmaceuticals, and personal care products.
Weakness: High costs associated with R&D activities for developing innovative amino acid products can hamper the market growth.
Opportunity: Growing health-conscious population and rising awareness about nutrition and supplements open new opportunities for amino acid manufacturers.
Threats: Stringent regulations associated with the approval and production of amino acids pose potential threats to market players.
Key Takeaways
The global Amino Acid Market is expected to witness high growth, exhibiting CAGR of 8.4% over the forecast period, due to increasing demand for nutritious and high-protein products. North America dominates the global amino acid market, owing to high health awareness and dominant pharmaceutical industry in the region. Europe and Asia Pacific are also among the major markets globally backed by growing demand for nutraceuticals and functional food & beverages.
Regional analysis
North America holds the highest share in the amino acid market and is expected to continue dominating over the forecast period. This can be attributed to factors such as increasing prevalence of lifestyle diseases and growing health consciousness. The Asia Pacific region is projected to witness the fastest growth over the coming years led by countries like China, India, and Japan. Rapidly evolving food & beverage industry, rising standard of living, and increasing health supplements adoption are fueling the market in Asia Pacific.
Key players
Key players operating in the Amino Acid Market are Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., AMINO GmbH, Bill Barr & Company, IRIS BIOTECH GMBH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker, Chemie AG, Adisseo, and CJ CheilJedang Corp.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.