Amino Acid Global Market Report 2024 by The Business Research Company | Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc., Fufeng Group Company Limited, Ajinomoto Co. Inc.,

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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Amino Acid Market Major Segments
The amino acid market covered in this report is segmented -

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

Key Driver - Elevated Health Consciousness Fuelling The Expansion Of The Amino Acid Market

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.

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Prominent Trend - Innovations In Amino Acid Products

Product innovation is a key trend gaining popularity in the amino acid market. Major companies operating in the amino acids sector are focused on product innovations to meet plant-based and natural flavoring ingredient demand. For instance, in April 2021, CJ BIO, a South Korea-based food company, launched FlavorNrich Master C, the world's first natural cysteine. It is produced by microbial fermentation and is the only natural amino acid qualified as natural flavor by the USDA Organic Program as well as the United States Department of Agriculture (USDA), the United States Food and Drug Administration (FDA), the Flavor and Extract Manufacturers Association Generally Recognized As Safe (FEMA GRAS), and European Union (EU) regulations.

Amino Acid Market Players
Major companies operating in the amino acid market include 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., Novus International Inc., Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., Sekisui Medical Co. Ltd., Koninklijke DSM NV, Kemin Industries Inc., Evonik Industries AG, Phillip Brothers Chemicals Inc., Mitsubishi Tanabe Pharma Corp., Nippon Kayaku Seizo Co. Ltd., Wacker Chemical Corporation, Creative Enzymes, Asiamerica Group Inc., CJ CheilJedang Corp., Novus International Inc., Royal DSM N.V., Carbolution Chemicals GmbH, Welding GmbH & CO. KG, Ryss Lab Inc., Meihua Holdings Group Co. Ltd., Fufeng Group Company Limited, Shandong Yangcheng Biotech Co. Ltd., Sichuan Tongsheng Amino Acid Co. Ltd., Tianjin Tianan Pharmaceuticals Co. Ltd.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the amino acid market in 2023. Europe was the second largest region in the amino acid market. The regions covered in the amino acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Amino Acid Market Report Structure
3. Amino Acid Market Trends And Strategies
4. Amino Acid Market - Macro Economic Scenario
5. Amino Acid Market Size And Growth
…..
27. Amino Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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