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Food Amino Acids Market by Type (Glutamic Acid, Lysine, Tryptophan, Methionine, Phenylalanine) by Source (Plant-Based Amino Acids, Animal-Based Amino Acids, Synthetic Amino Acids) – Business Overview, Analysis and Industry Forecast 2017-2023

08-24-2018 08:45 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Genesis market insights

Food Amino Acids Market

Food Amino Acids Market

Global Food Amino Acids Market was valued at USD XX Billion in the year 2017. Global Food Amino Acids Market is further estimated to grow at a CAGR of XX% from 2018 to reach USD XX Billion by the year 2023. The North America region holds the highest market share in 2017 and the Asia Pacific is considered as the fastest growing market in the forecasted period. At a country level, US, China are projected to grow strongly in the coming years due to increasing density of population and funding through Research and Development.

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Ajinomoto Co., Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries (Germany) are the key players in this market.

Drivers:

• Rising Demand for Glutamic Acid as Flavor Enhancer

Restraints:

• High Cost Involved in R&D Activities

Opportunities:

• Growing Demand in Emerging Economies

Challenges:

• Increasing Usage of Multi-Page Labeling

The Global Food Amino Acids Market is divided as By Type, Source, Application, and Region.

By Type, it is divided into Glutamic Acid, Lysine, Tryptophan, Methionine, Phenylalanine and other types. The glutamic acid segment is estimated to lead the food amino acids market. This is due to the massive increase in demand for food amino acid as a flavor enhancer in various food and beverages such as snacks, sauces, and ready-to-eat soups. Additionally, growth in consumption of nutraceutical and dietary supplements, along with an increase in awareness among consumers toward products with nutritive ingredients is expected to escalate the demand for food amino acids in the future.

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By Source, it is divided into Plant-Based Amino Acids, Animal-Based Amino Acids and Synthetic Amino Acids in which food amino acids derived from the synthetic method are most widely used as compared to plant-based and animal-based amino acids, owing to the high purity amino acids offered by this segment.

By Application, it is divided into Nutraceuticals & Dietary Supplements, Infant Formula, Food Fortification, Convenience Food and others in which the Nutraceuticals & Dietary Supplements account for the largest market share and is expected to grow at a moderate CAGR of XX% in the coming years.

Key Benefits for Stakeholders

• Amino acid manufacturers
• Amino acid importers and exporters
• Traders, distributors, and suppliers
• Functional foods and nutraceuticals & dietary supplement manufacturers
• Convenience foods and snack manufacturers

By Type

• Glutamic Acid
• Lysine
• Tryptophan
• Methionine
• Phenylalanine
• Other Types

By Source

• Plant-Based Amino Acids
• Animal-Based Amino Acids
• Synthetic Amino Acids

By Application

• Nutraceuticals & Dietary Supplements
• Infant Formula
• Food Fortification
• Convenience Food
• Others

By Region

• North America
• Europe
• Asia-Pacific
• RoW
• SGS

Key Market Players

• 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.
• Brenntag AG

(A brief overview of 10 companies is also provided)

Get Full Customized Report @ https://genesismarketinsights.com/Report_Enquiry/GENRE404

About Us:

Genesis Market Insights (GMI), is a subsidiary of Genesis Management & Market Research Pvt.Ltd. (GMMR) having a strong experience both in primary and secondary market research serving small to large scale enterprises across globe. Established in 1993, GMMR has become a recommended brand for Market Research for various international and MNC Corporations with its strong data foundation. With its exhaustive research capabilities, strong analytics services and in house data validation tools, GMMR has delivered actionable, reliable and all-inclusive Market Research Reports. GMMR is growing strongly for last 2 decades with most of the clients providing repeat business for their trust on the data quality and recommendations for decision making.

Contact Us;

Genesis Market Insights (GMI)
902 Broadway, 6th Floor,
New York, NY 10010
(212) 634-4560
Mail us at: info@genesismarketinsights.com
Website: www.genesismarketinsights.com

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