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The amino acid market is estimated to grow at a CAGR of 7.83% between 2022 and 2027. The size of the market is forecast to increase by USD 11,618.55 million. The growth of the market depends on several factors, including the growing demand for use in sports supplements, the increasing investments in expanding production facilities, and the increasing health consciousness among people
This report extensively covers market segmentation by application (animal feed, pharmaceuticals, and food and beverages), type (plant-based and animal-based), and geography (APAC, Europe, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Technavio categorizes the global amino acid market as a part of the global commodity chemicals market within the global chemicals market. The global commodity chemicals market covers companies that primarily produce industrial and basic chemicals, including, but not limited to, plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. The market excludes chemical companies that produce diversified chemicals, fertilizers and agricultural chemicals, industrial gases, and specialty chemicals. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The growing demand for use in sports supplements is notably driving the market growth, although factors such as the increase in raw material prices may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Amino Acid Market Driver
One of the key factors driving the amino acid market growth is the growing demand for use in sports supplements. Protein is made up of amino acids and is the main component of muscle. Protein is an important nutritional supplement for athletes. The three major proteins that athletes need are leucine, isoleucine, and valine, collectively known as branched-chain amino acids (BCAAs). These amino acids cannot be injected into the body and must be obtained from food. BCAAs should be taken 30 minutes before exercise so that they can be absorbed by the body.
The benefits of consuming amino acid supplements are faster recovery from fatigue, improved endurance, increased mental focus, improved performance, greater fat burn, and reduced muscle soreness. Amino acids are also effective against metabolic syndromes. Some of the sports supplements containing amino acids are AS-IT-IS Nutrition Whey Protein Unflavored, Optimum Nutrition Gold Standard Whey Protein Powder, HealthyHey Egg White Protein, MyFitFuel Micellar Casein Protein Powder, Yogabar Breakfast Protein Bar, and Optimum Nutrition Amino Energy Drink. Therefore, the growing demand for amino acid supplements is driving the growth of the market in focus.
Significant Amino Acid Market Trend
Another key factor driving the amino acid market growth is the increasing acquisitions and joint ventures. Regional and global players operating in the global amino acid market are forming strategic alliances and partnerships. Through strategic alliances, manufacturers expand their product portfolios to meet the growing demand for amino acids from industries such as animal feed additives, food and beverages, and pharmaceuticals. For instance, Golden Farm Production and Commerce Company Limited, which owns a 75% controlling stake in PetDine, Pedigree Ovens, The Pound Bakery, and NutraDine (collectively, P4), was acquired by ADM in April 2021.
Similarly, in September 2021, ADM purchased Deerland Probiotics and Enzymes (Deerland), a leading probiotic, prebiotic, and enzyme technology company and a top supplier of private-label pet treats and supplements, based in the US. M and A activities help vendors expand their product portfolio and geographical presence and enhance product development, thereby boosting the growth of the market
Major Amino Acid Market Challenge
The increase in raw material prices is one of the key challenges hindering the amino acid market growth. Rising raw material prices are a major challenge for amino acid manufacturers around the world. Raw materials such as essential oils, plant extracts, chemicals, syrups, and vitamins are required to produce amino acids. Amino acids are derived from natural sources such as seeds, bark, and leaves. Rising costs of extracting raw materials from these sources and stringent regulations on wastewater treatment and waste biomaterials are restraining the growth of the global amino acids market. With the increase in world population and the accompanying increase in food demand, the amino acid industry is under great pressure regarding the procurement of raw materials.
The prices of raw materials such as essential oils and plant extracts are increasing in Europe and North America due to their increased use in different products, such as pharmaceutical and cosmetic products. Thus, the cost of operation incurred by amino acid manufacturers is increasing because manufacturers from other industries are also procuring the raw materials. As a result, amino acid manufacturers are increasing the prices of their offerings.
Key Amino Acid Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Amino Acid Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
amino.de - The company offers amino acids such as DL Aspartic acid, DL Serine, Glycine, Lalanine, and L Aspartic acid. Also, through this segment, the company offers amino acids, betain, and other active pharmaceutical ingredients.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the animal feed segment will be significant during the forecast period. The growing awareness about the advantages of these products in managing disease outbreaks is driving the consumption of feed additives. Disease outbreaks affect animal health and lead to the loss of livestock. Some of the poultry and livestock diseases that have had a global impact in the past five years are avian influenza, foot-and-mouth disease, rift valley fever, rinderpest, contagious bovine pleuropneumonia, and swine vesicular disease. Feed additives are added to livestock feed for farm animals that require extra nutrients, such as amino acids, fatty acids, vitamins, and minerals, to grow at a healthy rate.
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The animal feed segment was valued at USD 8,688.14 million in 2017 and continue to grow by 2021. The use of feed additives such as antioxidants, amino acids, vitamins, enzymes, and probiotics prevents disease outbreaks in livestock and improves overall feed absorption and assimilation. Amino acid feed additives are essential for livestock as amino acids are the building blocks of protein and polypeptides, which are the major components of tissue and muscles. They also play an important role in the biochemical and metabolic processes in animal cells. The number of amino acids in feed varies. Thus, it is important to monitor the feed and ensure that animals are getting the optimum number of amino acids. Thus, the growing need for amino acid additives is driving the growth of the global amino acid market.
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APAC is estimated to contribute 48% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Increased awareness about the benefits of amino acids has resulted in the increased demand for meat in the region, thereby driving the market for amino acids. Meat contains all the nine essential amino acids required by the body. These amino acids combine to form proteins, which are the building block of a body. China, Japan, and India are some of the major consumers of meat in APAC. China and Japan are also the leading importers and consumers of pork meat in the region. Furthermore, there has been a rise in the number of amino acid production plants in the region. Through the formation of this subsidiary, the company planned to expand its pharmaceutical-grade amino acid business in Asia. The increasing number of amino acid production plants in APAC is driving the growth of the amino acid market in the region.
The COVID-19 outbreak in APAC negatively impacted the amino acid market in 2020 and 2021. However, the countries in the region initiated the vaccination drives in the first half of 2021 and reported a decline in the number of COVID-19 cases, which led to the lifting of lockdown restrictions and the resumption of various business operations, including those in amino acid manufacturing units. Such factors are expected to increase the demand for amino acids, which, in turn, will drive the growth of the regional amino acid market during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Application (Animal feed, Pharmaceuticals, and Food and beverages), Type (Plant-based and Animal-based), and Geography (APAC, Europe, North America, South America, and Middle East and Africa).
Amino Acid Market Scope |
|
Report Coverage |
Details |
Page number |
173 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.83% |
Market growth 2023-2027 |
USD 11,618.55 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.61 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 48% |
Key countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Ajinomoto Co. Inc., Amino GmbH, Angus Chemical Co., Archer Daniels Midland Co., Aushadh Agri Science Pvt. Ltd., Bachem AG, CJ CheilJedang Corp., Daesang Corp., Evonik Industries AG, Global Bio chem Technology Group Co. Ltd., Kaneka Eurogentec SA, Kemin Industries Inc., Kyowa Hakko Bio Co. Ltd., Molkem Chemicals Pvt. Ltd., Nagase and Co. Ltd., Novasep Holding SAS, Otto Chemie Pvt. Ltd., Sumitomo Chemical Co. Ltd., The Taiwan Amino Acids Co. Ltd., and Wacker Chemie AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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