Press release
Amino Acids Market growth anticipated at 7.1% CAGR, targeting USD 49.17 Billion by 2030
Amino Acids Market Report Scope and Research MethodologyThe research methodology employed for this report involved thorough primary and secondary research, integrating inputs from industry experts, market participants, and key stakeholders. Data validation techniques were applied to ensure the accuracy and reliability of the findings. Market size estimation and forecasts were achieved using a bottom-up approach and multiple data triangulation methodologies.
Estimated Growth Rate for Amino Acids Market:
Global Amino Acids Market size was valued at USD 30.42 Billion in 2023 and is expected to grow at a CAGR of 7.1% from 2024 to 2030. Global Amino Acids Market is projected to reach USD 49.17 Billion by 2030.
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Amino Acids Market Dynamics
Market Overview:
Amino acids, essential organic compounds crucial for bodily functions, serve as the fundamental building blocks of proteins. They find extensive applications across various industries, including food and beverages, pharmaceuticals, animal feed, and cosmetics. The market is witnessing substantial growth driven by increasing demand for protein supplements, functional foods, and animal feed additives.
Market Dynamics:
Drivers: The market is propelled by rising health and fitness awareness, increasing demand for high-quality animal protein, and advancements in biotechnology facilitating affordable amino acid production methods.
Opportunities: Amino acids play a vital role in protein synthesis and offer significant opportunities for applications in food and beverage, animal feed, pharmaceuticals, and cosmetics industries, particularly in the Asia Pacific region.
Restraints & Challenges: Challenges such as price volatility, regulatory compliance, side effects, competition from substitutes, and lack of consumer awareness pose potential restraints to market growth. However, innovation and technological advancements are expected to mitigate these challenges.
Amino Acids Market Segmentation
Amino Acids Market , by Form
Power
Granules
Liquid
Others
Amino Acids Market , by Source
Plant Based
Animal Based
Others
Based on Source: Because of their increased protein content and expanding availability, plant-based natural resources like corn, soybeans, and grains are becoming more and more well-liked. A growing number of commercial items are being produced using soybeans due to their increased demand. Important market participants are putting integration plans into practice to guarantee a consistent supply of raw materials for manufacture. These tactics are meant to provide reliable and superior sources of raw materials. In addition to increasing confidence in raw material availability, vertical integration processes offer chances to produce new goods from pre-existing raw materials. On the other hand, it is well known that processing soybeans modifies the protein content, which makes getting reliable raw materials extremely difficult.
Amino Acids Market , by Grade
Pharma
Food
Feed
Others
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Amino Acids Market Key Players
1. Ajinomoto Co., Inc. (Japan)
2. ADM (US)
3. Evonik Industries AG (Germany)
4. CJ CheilJedang Corp. (South Korea)
5. Kyowa Hakko Bio Co., Ltd. (Japan)
6. Sumitomo Chemical Co., Ltd. (Japan)
7. Daesang Corporation (South Korea)
8. Shijiazhuang Donghua Jinlong Chemical Co. Ltd. (China)
9. Yichang Sanxia Pharmaceutical Co., Ltd. (China)
10. Meihua Holdings Group Co., Ltd. (China)
11. Fufeng Group (China)
12. Chengfu Group Co., Ltd. (China)
13. Nippon Rika Co., Ltd. (Japan)
14. Tianjin Tianan Pharmaceuticals Co., Ltd. (China)
15. Amino GmbH (Germany)
16. AminoLogics Co., Ltd. (South Korea)
17. Hiran Orgochem Ltd. (India)
18. Sunrise Nutrachem Group (China)
19. Tai Heng Industry Co., Ltd. (Taiwan)
20. Jinghai Amino Acid Co., Ltd. (China)
21. Chongqing Unisplendour Chemical Co., Ltd. (China)
22. Star Lake Bioscience Co., Ltd. (China)
23. Prinova Group LLC (US)
24. Shandong Fortune Spring Co., Ltd. (China)
25. Archer Daniels Midland Company (US)
26. Wuxi Jinghai Amino Acid Co., Ltd. (China)
27. Sichuan Tongsheng Amino Acid Co., Ltd. (China)
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Table of content for the Amino Acids Market includes:
Part 01: Executive Summary
Part 02: Scope of the Amino Acids Market Report
Part 03: Global Amino Acids Market Landscape
Part 04: Global Amino Acids Market Sizing
Part 05: Global Amino Acids Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Regional Insights:
The global Amino Acids Market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Amino Acids Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Amino Acids to bolster military capabilities.
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