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) 2017 - 2023
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Ajinomoto Co., Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries (Germany) are the key players in this market.
• Rising Demand for Glutamic Acid as Flavor Enhancer
• High Cost Involved in R&D Activities
• Growing Demand in Emerging Economies
• 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
• Glutamic Acid
• Other Types
• Plant-Based Amino Acids
• Animal-Based Amino Acids
• Synthetic Amino Acids
• Nutraceuticals & Dietary Supplements
• Infant Formula
• Food Fortification
• Convenience Food
• North America
Key Market Players
• Ajinomoto Co., Inc.
• Kyowa Hakko Kirin Group
• Evonik Industries
• 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)
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