Our latest research report entitled Amino Acid Market (by product type(L-glutamate, Lysine, Methionine, Tryptophan, Threonine, Glutamine, Valine, Creatine, Proline, Serine), source(Plant-based and Animal-based), application(Animal feed, Food & dietary supplements, Pharmaceutical)) provides complete and deep insights into the market dynamics and growth of Amino Acid. The latest information on market risks, industry chain structure Amino Acid cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Amino Acid growth factors.
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Global Amino Acid Market is Projected to Grow With A CAGR Between 6.0% and 6.5%
The global amino acid market was sized over USD 4.88 billion in 2015. The global amino acid market is projected to grow with a CAGR between 6.0% and 6.5% during 2017-2023. Increasing animal feed additive demand on account of regulating metabolism in livestock production owing to growing meat consumption is the prime factor driving the global amino acid market.
Moreover, growing health consciousness among the consumers and shifting trends towards the consumption of the dietary supplements for protein intake will drive the amino acid market across the globe over the forecast period.
Furthermore, increasing demand for the products of amino acid from the food & beverage industry such as I-glutamate due to its flavor enhancement properties is also anticipated to drive the global amino acid market over the forecast period. However, increasing raw material prices and lack of awareness among consumers from the underdeveloped regions are the key factors restraining the growth of the amino acid market globally.
Nevertheless, the high demand for amino acid from expanding applications such as pharmaceutical, cosmetics, food & beverages, and the nutritional supplements industry as well as the adoption of modern technologies for manufacturing amino acids by the manufacturers will bring more opportunities to the global amino acid market. Hence, a tight supply of raw material such as corn, soybean, and wheat is likely to pose a challenge to growth of the global amino acid market over the forecast period.
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Report Segments the Amino Acid Market by Product Type, by Source, by Application, and by Region
Market segmentation based on product type includes L-glutamate, lysine, methionine, tryptophan, threonine, glutamine, valine, creatine, proline, serine and others. Moreover, the global amino acid market based on a source is segmented into plant-based and animal-based.
Furthermore, based on the application the market is segmented into animal feed, food & dietary supplements, pharmaceutical and others. The animal feed application segment is further classified as swine, poultry, cattle, and others.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2017 – 2023.
Asia Pacific is Anticipated to Grow at A Highest CAGR
The Asia Pacific dominated the world amino acid market in terms of production and is likely to continue its dominance over the forecast period due to the presence of key players and the maximum amount of pork is being exported by the region especially from China.
Moreover, Asia Pacific is anticipated to grow at the highest CAGR rate over the forecast period due to the increasing population coupled with disposable income and up-gradation of lifestyle with increasing demand for nutritional & protein supplements. North America and Europe are the second largest market for amino acid following the Asia Pacific.
Europe is likely to witness moderate growth due to increasing demand from food and dietary supplements. Furthermore, North America is expected to grow at a substantial rate due to rising obesity and increasing awareness among youngsters as well as shifting trends towards bodybuilding coupled with rising demand for protein intake, especially in U.S and Canada. However, the Latin America amino acid market is also likely to witness a significant growth rate owing to major beef exports especially from Brazil.
The companies covered in the report include Ajinomoto Group, RSP amino acids, Biaffin, AnaSpec, ChemPep Inc., IRIS Biotech, PepTech Corp., Archer Daniels Midland Company, Cargill Inc., Evonik Industries AG, Fufeng Group Company Ltd., Sunitomo Chemical Company Ltd., Royal DSM, Novus International Inc., Amino GmbH and Kyowa Hakko Bio Company Ltd.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Amino Acid.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2023.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.