Global Amino Acids Market 2017 - Amino, Ajinomoto, Cargill, Archer Daniels Midland, CJ CHeilJedang
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According to the latest report by IMARC Group titled, “Amino Acids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global amino acids market reached a volume of around 7.5 Million Tons in 2016. Amino acids refer to organic compounds which contain amino and carboxyl groups. They are the building blocks of proteins which play a crucial role in almost all the biological processes of the human body. Pumpkin, leafy greens, hemp seeds, chia seeds, soybeans, sesame seeds, sunflower seeds and sunflower butter, almonds, avocados, figs, raisins, quinoa, and wheat are highest sources of amino acids. Amino acids are beneficial for strengthening the immune system, improving muscles, fighting arthritis and cancer, and treating tinnitus and rectal diseases. On account of these benefits, amino acids are extensively used in protein supplements, which are majorly consumed by the aging population and athletes.
Highlights of the global amino acids market:
Rising health consciousness amongst the consumer remains the key growth inducing factor.
Glutamic acid represents the most popular product type.
Asia-Pacific dominates the market, accounting for the largest share.
A number of factors are responsible for inadequate presence of protein in the human body, such as pollution caused by fossil fuels and the presence of fertilisers and pesticides in crops. As a result of this, health-conscious consumers look for protein-rich foods, prompting the manufacturers to introduce products fortified with amino acids. Growing pharmaceutical industry is also influencing the demand for amino acids since it acts as a buffering agent in numerous products. Moreover, a growing economy has boosted both the production and consumption of meat which is anticipated to fuel the demand for amino acid-based animal feed in the future. Owing to these factors, the market is expected to reach a volume of 10.1 Million Tons by 2022, growing at a CAGR of around 5%.
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The market has been analysed on the basis of type, including glutamic, lysine and methionine acids. Amongst these, glutamic acid represents the most popular type. On the basis of raw materials, plant-based amino acids dominate the market. The market has also been segmented on the basis of application. The animal feed industry leads the market, followed by the food and healthcare industries. Region-wise, Asia-Pacific represents the largest market, accounting for the majority of the total global share. It is followed by Europe, North America, Latin America and the Middle East. On evaluating the competitive landscape, it is found that Amino, Ajinomoto, Cargill, Archer Daniels Midland and CJ CHeilJedang are the key players operative in the market.
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