The global Amino Acid Market was valued at 26.4 billion in 2022 and it is anticipated to grow up to USD 47.7 billion by 2032, at a CAGR of 6.1% during the forecast period.
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Amino acids are the building blocks of proteins and form a significant part of both animal and human nutrition. In the human body, they are required for vital processes such as the synthesis of neurotransmitters and hormones. Amino acids are found in abundance in red meat, seafood, eggs, dairy products, quinoa and soy products. They are beneficial for strengthening the immune system, fighting arthritis and cancer, treating tinnitus and rectal diseases. Nowadays, the demand for amino acids is rising as they aid in improving conditions like depression, sleep disorders, premenstrual dysphoric disorder (PMDD), smoking cessation, bruxism and attention deficit-hyperactivity disorder (ADHD).
Market Trends and Drivers
Increasing health-consciousness among consumers has raised the demand for nutritious food. This has bring about food and beverage manufacturers to present products infused with essential nutrients, such as amino acids, Thus leading to a rise in their demand. Adding to that, bodybuilders and athletes are leaning toward protein-rich products to improve their performance and improve muscle development. Some of these products are sports supplements, such as energy drinks, nutrition bars, low carbohydrate food and nutrition supplements. Moreover, amino acids are utilized in animal feed to meet the protein requirements of the animals. Constant advancements in the field of biotechnology have played a major role in the production of proteinogenic amino acids, which are integrated into proteins during translation. These factors are expected to propel the growth of the amino acids market globally.
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Market Restraints and Challenges
There are a few key restraints and challenges in the amino acids market. Firstly, the high cost of amino acids can limit their use to only certain applications. Secondly, the purity of amino acids is crucial, and impurities can cause problems in downstream processes. Finally, amino acids are often delicate and can be easily degraded, making storage and transport difficult.
Major Players in the Amino Acid Market
Market players are focusing on strategic collaborations to enhance their product offerings. Some prominent participants in the market are Adisseo (France), ADM (US), Ajinomoto Co., Inc. (Japan), AMINO GmbH (Germany), Daesang Europe B.V. (Netherlands), Evonik Industries AG (Germany), KYOWA HAKKO BIO Co., Ltd. (Japan), Merck KGaA (Germany), Novus International, Inc. (US), and Pacific Rainbow International, Inc. (US), among others.
COVID-19 Impact
The COVID-19 pandemic presented some difficulties for the market as the forced lockdown on manufacturing sectors caused supply chain interruptions. This led to supply and demand volatility for the items containing such proteins. However, as the virus spread, more individuals turned to treatments that improved immunity, which raised the market for items made with amino acids. Due to the recent COVID-19 outbreak, the U.S. has witnessed a complete shutdown, of various manufacturing industries, which has resulted in panic buying of animal feed among several farmers owing to the potential shortage resulting due to reduced deliveries and logistics disruption. This has boosted the demand for animal feed additives including amino acids, thereby, expected to propel the growth of the market in North America over the projected years.
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Market Segmentation
By Raw Material
- Plant Based
- Animal Based
By Product
- L-glutamate
- Lysine
- Methionine
- Threonine
- Tryptophan
- Others
By Application
- Animal Feed
- Food & Dietary Supplements
- Pharmaceutical
By Livestock
- Swine
- Poultry
- Cattle
- Others
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