Amino Acids Market is expected to witness substantial growth during Forecast by 2022

In 2012, the global amino acid market was valued around USD 15.23 billion and is anticipated to reach approximately USD 31.77 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 6.84% during the forecast period owing to increasing consumption of meat together with increased production of livestock such as cattle, swine, and broiler. This trend is anticipated to remain as a major factor driving the market growth during the next few years. Lysine, threonine, methionine, and tryptophan are extensively utilized in animal feed additives since they are necessary for regulating all metabolic processes and good health. Animal feed helps in appropriate weight gain and faster growth of the livestock. Rising consumption of meat as a protein source around the globe is intended to influence the global market growth positively. Rising awareness about the benefits of animal feed additives together with the recent outburst of illnesses has impelled the amplified the additives consumption in animal feed. Rising population combined with rising disposable earnings per person, particularly in developing countries of Asia Pacific like India and China are anticipated to boost the demand for animal feed additives and consecutively, boost the growth of global amino acids industry. Growing demand for food & dietary supplements due to geriatric population along with amending health measures is anticipated to boost global demand. Rising prevalence of obesity amongst the younger population in the United States and the United Kingdom is expected to drive dietary supplements industry and boost the global market growth.

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The geriatric population in Brazil and Japan are also projected to augment the consumption of food & dietary supplements. Rising demand for sports supplements from bodybuilders and athletes particularly in the United States and the United Kingdom is anticipated to positively impact the global market growth. Growing demand of L-glutamate from food & beverage market due to flavor enhancement characteristic is estimated to boost the growth of the global market. L-Glutamate is extensively utilized in convenience and processed food, on account of brilliant flavor enhancing characteristics. L-glutamate acid’s sodium salt renders an umami taste that escalates savory and meaty flavor of food. Growing consumption of processed food in developing countries of Latin America and Asia Pacific due to altering food habits along with hectic routine is anticipated to fuel the L-glutamate demand and consecutively propel the global market. Growing living standards together with an elevated buying power of consumers are anticipated to boost the demand of product for the pharmaceutical application. Increasing demand for sweeteners from ready-to-drink beverages and convenience food is expected to fuel demand for phenylalanine and L-aspartic acid.

Product Outlook and Trend Analysis

In 2014, L-Glutamate was the top product and reported for nearly half of global market volume. L-Glutamate is widely utilized in food & beverage industry owing to flavor enhancing characteristics. It is a component of fermented or aged foods like soy sauce and cheese. Rising consumption of processed food is anticipated to boost the demand of L-Glutamate during the forecast period. Methionine, lysine, tryptophan, and threonine together reported for the largest share of amino acids industry for animal feed additives market. Methionine is extensively required for the poultry industry while Lysine is widely consumed in the pork industry. Rising demand for food & dietary supplements in the United States and the United Kingdom due to the geriatric population and growing awareness levels among consumers is encouraging the global market growth. Creatine, Citrulline, tyrosine, and proline are utilized in the production of dietary supplements.

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Market Classification

Amino Acids Market, By Product, Estimates and Forecast, 2012-2022 ($Million)
Tryptophan
Leucine
Iso-leucine
Valine
Glutamine
L-Glutamate
Lysine
Methionine
Threonine
Creatine
Proline
Serine
Arginine
Glycine
Phenylalanine
Tyrosine
Citrulline
Other Products

Amino Acids Market, By Raw Material, Estimates and Forecast, 2012-2022 ($Million)

Animal-based
Plant-based

Research Methodology

We use both primary as well as secondary research for our market surveys, estimates and for developing forecast. Our research process commence by analyzing the problem which enable us to design the scope for our research study. Our research process is uniquely designed with enough flexibility to adjust according to changing nature of products and markets, while retaining core element to ensure reliability and accuracy in research findings. We understand both macro and micro-economic factors to evaluate and forecast different market segments.

Data Mining

Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.

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