The Global amino acids market is expected to flourish at a CAGR of 5.7% over the forecast period. Further, the market of amino acids is anticipated to reach USD 30.8 Billion by the end of 2024. This can be attributed to various factors such as growing consumer awareness and rising demand for healthy and functional food. Amino acid refers to organic compounds consisting of the amine and carboxyl functional group. Amino acids help in increasing the metabolism and act as a building blocks of protein.
“Amino acids Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation”
The global amino acids market is segmented into source such as plant based and animal based. Among these segments, animal based segment accounted for the largest segment in overall amino acids market and is projected to capture outstanding CAGR over the forecast period.
This growth of animal based amino acids segment is attributed to the growing industrialization of the livestock industry. Likely, increasing adoption of amino acids by various food industries in order to fulfill the growing demand for healthy food products is also predicted to trigger the growth of amino acids market.
Global Amino Acids Market is anticipated to mask a noteworthy CAGR of 5.7% during the forecast period i.e. 2017-2024. Moreover, the global amino acids market is projected to account revenue of USD 30.8 Billion by the end of 2024.
Additionally, the market is riding on the back of dietary supplement industry.
The lysine segment by type seized the biggest market of overall amino acids. Further, In terms of regional platform, Asia Pacific region captured the largest market of amino acids in 2016.
Moreover, swelled disposable income coupled with growing awareness regarding health and fitness in this region is pushing the demand for amino acids. Apart from this, Asia-Pacific region is believed to be the most lucrative market of amino acids owing to emerging economies such as India and China.
Moreover, North America region is believed to showcase exponential growth over the forecast period.
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Rising Health Consciousness
Growing health concern among the population along with introduction of numerous dietary supplements is believed to augment the demand for amino acids. Furthermore, rising demand for healthy and functional food along with growing consumer awareness regarding the benefits of amino acids is also projected to supplement the growth of amino acids market.
Wide Scale Applications
Rising number of application of amino acids for instance in pharmaceuticals, animal feed and food & dietary supplements is anticipated to impel the growth of amino acids market by the end of 2024. Moreover, rising popularity of amino acids over antibiotics along with natural and safety features of amino acids are attracting the consumers which are believed to flourish the growth of amino acids market.
On the contrary, volatile raw material prices are expected to dampen the growth of amino acids market throughout the globe.
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The report titled “Amino acids Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the global amino acids market in terms of market segmentation by type, by source, by application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key players of the global amino acids market which includes company profiling of Cargill, Incorporated, Adisseo France Sas, Ajinomoto Co., Inc., Archer Daniel Midlands Company, Novus International, Inc., Sodrugestvo Group, Kyowa Hakko Bio Co., Ltd., Saigner Adiego, Chengdu Pukang Biological Technology Co. Ltd., Kyowa Hakko Europe GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
On the whole, the report depicts detailed overview of the global amino acids market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Category: Market Research Publishers and RetailersCompany about: Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wis ...