Global Food Amino Acids Market size is expected to reach US$ 9.8 Bn by the end of 2029

The global food amino acids market size is expected to reach US$ 9.8 Bn by the end of 2029. According to a study by Future Market Insights (FMI), the market will show a steady rise at 6.2% CAGR between 2019 and 2029. According to the report, the increase in demand for amino acids for various nutraceutical and dietary supplements, owing to the health benefits offered by amino acids, is expected to fuel the demand for amino acids during the review period. The report offers a comprehensive overview of the market, covering key growth drivers, restraints, opportunities, and prevailing trends. It uses unique research methods to offer the most accurate analysis of the market.

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Food Amino Acids Market - COVID-19 Impact Analysis
Consumer demand for protein-rich dietary supplements has stepped up due to biological appearance and better processing of amino acids. Amino acids are considered to be one of the essential clusters of primary nutrients, being the prime component of protein sources. Rising cognizance towards the worthiness of the nine essential amino acids, including histidine, lysine, leucine, tryptophan, valine, threonine, isoleucine, and methionine have alerted the consumers for the dangers associated with latter’s’ deficiency.

The demand for protein rich dietary supplements is likely to remain high despite the impact of coronavirus outbreak. Due to the spread of the virus, consumers are likely to become more cautious about their food choices. Therefore, despite sluggish growth during lockdown, the market is likely to gain pace once normal life resumes.

Nowadays, energy drinks, low carbohydrate food products, and nutrition bars and supplements are steadily consumed by athletes and other sportsmen to enhance their efficiency. This has prompted manufacturers to launch food products and drinks that contain large portions of amino acids. Besides this, surfactants based on amino acids are becoming more common than conventional surfactants as they are derived from different chemical structures and are more human friendly and less harmful.

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“The demand for amino acids as functional foods, coupled with the rising acceptance of glutamic acid as a flavour enhancer in various foods and drinks, is likely to fuel market growth in the coming years,” said a lead analyst at FMI.

It includes in-depth insights into the food amino acids market. Some of these are:

The estimated value of the market was at US$ 5.4 Bn in 2019. Through the course of the report’s forecast period, the market is exhibited to show a steady pace of growth.
Asia-Pacific region holds the largest market share followed by North America.
The demand for dietary supplements has been increasing at a high pace among the consumers owing to the rising health awareness and increasing geriatric population in the developed economies.
The nutraceuticals and dietary supplements is estimated to dominate the global market.
The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.

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Competitive Landscape

Some of the leading players operating in the food amino acids market are Kraemer Martin GmbH (Azelis), Pacific Rainbow International, Inc., CJ Corporation, Taiyo International, Monteloeder S.L., Sunrise Nutrachem Group, Kingchem LLC , Amino GmbH, Rochem International Inc., Brenntag AG, Pangaea Sciences Inc., Hugestone Enterprise Co., Ltd., Shaoxing Yamei Biotechnology Co., Ltd , Qingdao Samin Chemical Co., Ltd. , Daesang Corporation , Sigma-Aldrich, Prinova Group LLC , Ajinomoto Co., Inc., and Kyowa Hakko Kirin Group.

Via new product releases, acquisitions and investments, and agreements these businesses have improved their market position. Additionally, mergers and acquisitions continue to be a common strategy among market players. With strategic partnerships corporations plan to extend their global footprint. Methods of the biotechnology are commonly used in amino acid processing. Despite the fact that some of the amino acids cannot be produced cost effectively via biotechnology, it plays a significant role in the production of amino acids. Companies are investing in R&D activities to produce amino acid through biotechnology.

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This release was published on openPR.