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Food Amino Acids Market Size, Share, Price | Industry Report 2022
Food Amino Acids
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The food amino acids market is projected to reach USD 6.82 billion by 2022at a CAGR of 7.8%,from 2016 to 2022. The market is driven by factors such as rising demand for healthy and nutritious food, growing concerns of consumers regarding healthy lifestyles, rising demand for processed and convenience foods, and growing demand for innovative food & beverage products due to changing consumer trends. Factors such as high cost involved in R&D activities & production and stringent regulations are restraining the market.
Monosodium glutamate (MSG) or sodium salt of glutamic acid is widely used as a food additive in the food industry. It is used in various food products such as snacks, savory dishes, and ready-to-eat (RTE) products. Growth of convenience foods market is boosting the demand for glutamic acid. Hence, the demand for the glutamic acid market is anticipated to expand significantly during the forecast period, due to rise in application of glutamic acid as a flavor enhancer coupled with increase in population, high disposable income, growth in demand for ready-to-eat food, and superior quality of food. Phenylalanine, on the other hand, is the fastest-growing market due to its wide usage in the manufacturing of food and drink products which are sold as nutritional supplements for their reputed analgesic and antidepressant effects. Phenylalanine is a direct precursor to the neuromodulator phenethyl amine, which isa commonly used dietary supplement.
The breakdown of the primaries on the basis of the company type, designation, and region, conducted during the research study, is mentioned as follows:
• By Company Type: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: Director Level – 35%, C Level – 40%, and Others – 25%
• By Region: Asia-Pacific – 40%, Europe – 30%, North America – 20%, and RoW – 10%
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Key points from table of content:
Company Profiles :
• Ajinomoto Co., Inc.
• Kyowa Hakko Kirin Group
• Evonik Industries
• Sigma-Aldrich
• Prinova Group LLC
• Daesang Corporation
• Shaoxing Yamei Biotechnology Co., Ltd
• Qingdao Samin Chemical Co., Ltd.
• Hugestone Enterprise Co., Ltd.
• Brenntag AG
• Pangaea Sciences Inc.
• Amino GmbH
• Kingchem LLC
• Rochem International Inc.
• Sunrise Nutrachem Group
• Taiyo International
• Monteloeder S.L.
• CJ Corporation
• Kraemer Martin GmbH (Azelis)
• Pacific Rainbow International, Inc
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