Global Amino Acid Market 2024 Opportunity Assessment, Production Analysis, Segmentation And Forecast To 2033 | Major Players Are Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., Archer-Daniels-Midland Company, Amino GmbH

The Business Research Company presents an extensive market research report on the ""Amino Acid Global Market Report 2024,"" furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the amino acid industry. This report on amino acid market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:
The amino acid market size has grown strongly in recent years. It will grow from $26.7 billion in 2023 to $29.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to nutritional supplements, pharmaceutical applications, animal feed and agriculture, processed foods and flavor enhancers biotechnology and research, amino acid fortification,

The amino acid market size is expected to see strong growth in the next few years. It will grow to $41.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to plant-based and vegan diets, sports nutrition, amino acid-based pharmaceuticals, precision agriculture, biomanufacturing and biotechnology. Major trends in the forecast period include personalized nutrition, functional amino acids, bioavailability enhancement, clean label products, biotechnological advances.

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Key Market Players:
Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc., Fufeng Group Company Limited, Ajinomoto Co. Inc., Kyowa Hakko Bio Co. Ltd.

Market Drivers:
According to the Amino Acid Market Report 2024 by The Business Research Company, rising health consciousness among the population is expected to propel the growth of the amino acid market going forward. Health consciousness refers to the extent to which individuals tend to take action towards taking care of their health. Health-conscious people take amino acids as part of their diet to improve their immunity. For instance, according to an online survey conducted by the Times of India, an Indian-based daily newspaper, in 2021, 70% of the participants stated that they have prioritized dietary lifestyle changes such as eating healthy nutrient-rich food, and 65% of respondents also indicated their increased reliance on nutritional experts to help achieve their goals. Therefore, the rising health consciousness is driving the growth of the amino acid market.

More information about the Global Amino Acid Market Report -
https://www.thebusinessresearchcompany.com/report/amino-acid-global-market-report

Market segments for template include:
1) By Type: Histidine, Isoleucine, Leucine, Glutamate, Lysine, Methionine, Threonine, Other Types
2) By Source: Animal-Based, Plant-Based
3) By Application: Animal Feed, Food and Beverages, Pharma and Health Care, Nutraceuticals, Cosmetics and Personal Care, Other Applications

The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?

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