Global Amino Acids Market is expected to reach ~USD 42 Bn by 2028F: Ken Research

Global Amino Acids Market By Geography

The Global Amino Acids market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

Asia-Pacific region accounted for the largest share of the Global Amino Acids Market in 2022, owing to the growing adoption of a healthy lifestyle and nutrition-enriched products among consumers.

The increasing consumption of processed food and meat coupled with the availability of an abundance of raw material for the production of amino acids coupled with increased consumer spending on immunity-boosting products containing amino acids as an ingredient, is anticipated to augment the growth of the Global Amino Acids Market.

Competition Scenario In Global Amino Acids Market

The Amino Acids Market is highly competitive with ~200 players that include globally diversified players, regional players as well as a large number of country-niche players having their niche in Amino Acids.

Country-niche players comprise ~60% of the competitors, while the regional players comprise the second highest, ~25% of the total number of competitors. Some of the major players in the market include Global Bio-chem Technology Group Company Limited, Ajinomoto Co., Inc., Kyowa Hakko Bio Co., Ltd., Amino GmbH, Cargill, Incorporated, Taiwan Amino Acid Co., Ltd., Evonik Industries AG, ADM, Merck KGaA, and Daesang, among others.

The leading amino acids companies such as Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., ADM, and Cargill, Incorporated are highly focused on strategic developments related to amino acids such as product launches, collaboration, acquisition, and others to hold their position in the market.

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What Is The Expected Future Outlook For The Overall Global Amino Acids Market Across The Globe?

The Global Amino Acids market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Amino Acids market is driven by the rising growing demand for functional food products and immunity boosting products. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing investments and emergence of new products, the Global Amino Acids market is changing rapidly. For instance, In September 2020, Evonik Industries AG launched Guan AMINO, a new guanidino acetic acid product (GAA) that is used to enhance energy metabolism in livestock production. The company aimed to fulfill the demand for creatine supplementation in the animal feed industry.

In February 2020, Amino GmbH invested US$ 35 million to build a new production facility in Germany. The company aimed to double its production to meet the growing demand for amino acids and to increase its supply and availability of amino acids globally.

The Global Amino Acids Market is forecasted to continue a moderate growth, primarily driven by the surging demand for amino acids in various industries such as food & beverages, animal feed, nutraceuticals, and others. The rising awareness regarding the health benefits of amino acids along with the increase in health-conscious consumers is expected to increase the demand for immunity-boosting products, which ultimately increase the demand for amino acids. Though the market is highly competitive with ~200 participants, global players control the dominant market share in terms of revenues.

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Key Topics Covered in the Report

Snapshot of the Global Amino Acids Market
Industry Value Chain and Ecosystem Analysis of the Amino Acids Market
Market size and Segmentation of the Global Amino Acids Market
Historic Growth of the Overall Global Amino Acids Market and Segments
Competition Scenario of the Amino Acids Market and Key Developments of Competitors
Porter's 5 Forces Analysis of the Global Amino Acids Industry
Overview, Product Offerings, and Strategic Developments of Key Competitors
COVID-19 Impact on the Overall Global Amino Acids Market
Future Market Forecast and Growth Rates of the Global Amino Acids Market and by Segments
Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
Analysis of the Amino Acids Market in Major Regions
Major Production / Consumption Hubs in the Major Regions
Major Production/Supply and Consumption/Demand Hubs in Each Region
Major Country-wise Historic and Future Market Growth Rates of the Total Amino Acids Market and Segments
Overview of Notable Emerging Competitor Companies within Each Major Region 

Major Players Mentioned in the Report

Global Bio-chem Technology Group Company Limited
Ajinomoto Co., Inc.
Kyowa Hakko Bio Co., Ltd.
Amino Gmbh
Taiwan Amino Acid Co., Ltd.
Evonik Industries AG
ADM
Cargill, Incorporated
Merck KGaA
Daesang

Notable Emerging Companies Mentioned in the Report

Kemin Industries, Inc.
Royal DSM
Novus International Inc.
Prinova
Bayer AG
CJ Cheiljedang Corp.

Key Target Audience - Organizations and Entities Who Can Benefit by Subscribing This Report

Amino Acids Manufacturers
Food and Beverages Manufacturers
Pharmaceutical Products Manufacturers
Nutraceutical Supplements Manufacturers
Cosmetics and Personal Care Manufacturers
Dietary Supplements Manufacturers
Animal Feed Manufacturers
Investors in the Amino Acids Industry
Amino Acids Raw Material Providers
Amino Acids Research and Development Companies

Period Captured in the Report

Historical Period: 2017-2021
Forecast Period: 2022E-2028F

For more insights on market intelligence, refer to the link below: -

https://www.kenresearch.com/business-research/global-amino-acids-market-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.