Commercial amino acids market, Segmented by types (Human food & animal feed) type of application (Food & Dietary Supplement, Pharmaceuticals, Chemical industries) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
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The Global Commercial amino acids market was worth USD 19.80 billion in 2016 and estimated to be growing at a CAGR of 8.4%, to reach USD 29.64 billion by 2021. Amino acids are organic compounds produced using the amine and carboxylic acid functional group.
The key components of an amino acid are carbon, hydrogen, oxygen, and nitrogen. Basically, they can be segmented as alpha, beta, gamma and delta.
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Large-scale production, New production technology of amino acids are making it more economical and consequently expanding its client base and usage rate. Threonine, lysine, tryptophan, and methionine are widely utilized as a part of animal feed added substances as they are necessary for good health and direct all metabolic procedures.
Feed acids help in faster development and proper weight pick up of the animals. Developing meat utilization as a source of protein around the globe is slated to influence positively for market development.
The Commercial amino acids market is segmented by types into Human food as well as animal feed, and based on the type of application the market is further divided into Food & Dietary Supplement, Pharmaceuticals, Chemical industries. On the basis of geography, the global market is analyzed under various regions namely North America, Europe, Asia-Pacific, Latin America, Middle east and Africa.
Human food and animal feed shaped a noteworthy part of the amino acids market. As the population and the standard of living of people is expanding, the utilization of amino acids in food and feed applications is expected to grow at an unfaltering rate.
A portion of the organizations in this industry are Ajinomoto, RSP amino acids, Biaffin, AnaSpec, ChemPep Inc, IRIS Biotech, PepTech Corporation and Synthetech. Ajinomoto is one of the main makers of amino acids.
It offers amino acids for research, item improvement and process advancement. It has created and utilized inventive systems to make these acids.
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