Press release
Commercial Amino acids market Trends, Segment and Future Growth to 2023 - Major Key Players (Ajinomoto, RSP amino acids, Biaffin, AnaSpec, ChemPep Inc, IRIS Biotech, PepTech Corporation and Synthetech)
Amino acids are the organic compounds, produced using the amine and carboxylic acid functional group.
The key components of an amino acid are carbon, hydrogen, nitrogen and oxygen. Basically, they can be classified as alpha, beta, gamma and delta. Due to their biological significance, amino acids are generally used as a part of dietary supplements, fertilizers and food technology. In modern applications, they are used for the generation of biodegradable plastics, chiral impetuses, and drugs.
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Large-scale of production, new production technology of amino acids are making it more economical and consequently expanding its client base and usage rate. Threonine, lysine, tryptophan, and methionine are widely used as a part of animal feed added substances as they are necessary for good health and direct all metabolic procedures. Feed acids help in faster development and accurate weight pick up of the animals. Developing meat utilization as a source of the protein around the globe is slated to influence positively for market development.
Commercial Amino acids market Forecast Report (2018-2023)
Commercial amino acids market worth was USD 23.27 billion in 2018 and estimated to be growing at a CAGR of 8.4%, to reach USD 34.83 billion by 2023.
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Commercial Amino acids market Segmentation
The Commercial amino acids market is classified by types into Human food as well as animal feed, and based on the type of application the market is further classified into Food & Dietary Supplement, Pharmaceuticals, and Chemical industries. On the basis of geography, the global market is classified under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Human food and the animal feed shaped a noteworthy part of the amino acids market. As the population and standard of living of people is expanding, the utilization of amino acids in food and feed applications is expected to grow at an unfaltering rate.
This report provides comprehensive analysis of
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
Market growth drivers
This report is a complete study of recent trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in the technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the current market players and new entrants along with detailed value chain analysis.
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Major Players:
Major players in the commercial amino acids market are:
Ajinomoto
RSP amino acids
Biaffin
AnaSpec
ChemPep Inc
IRIS Biotech
PepTech Corporation
Synthetech
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Market Data Forecast is dedicate working in the areas of market research, business intelligence and consulting. We have a great experience in research and consulting for different business domains to cater the needs of both individual and corporate clients.
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