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The global Amino Acid Market caters to an array of sectors ranging from food and beverages, animal feed, dietary supplements, pharmaceuticals and personal care products. As essential building blocks of proteins, amino acids play a vital role in supporting important body functions. They help retain muscle mass, boost energy levels and enhance cognitive performance.
The Amino Acid Market is estimated to be valued at US$ 31.57 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the Amino Acid market include ADM (U.S.), Olam International Limited (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (U.S.), John B. Sanfilippo & Son (U.S.), Kanegrade (U.K.), Borges Agricultural & Industrial Nuts (Netherlands), Savencia SA (France), The Wonderful Company (U.S.), Harris Woolf California Almonds (U.S.), Treehouse California Almonds (U.S.), Döhler GmbH (Germany), Royal Nut Company (Australia), Repute Foods Pvt. Ltd (India), Deep Nuts N Flavors LLP (India), Shivam Cashew Industry (India), Modern Ingredients (India), ConnOils LLC (Wisconsin), Valley Harvest Nut Company (U.S.).
With the growing popularity of protein-rich diets and rising health consciousness, the Amino Acids Market Demand is surging significantly. They are widely being used in functional foods, sports nutrition and medical nutrition products. Asia Pacific accounted for more than 30% of the global amino acid consumption in 2024 due to burgeoning nutraceuticals industry in the region.
Key players are investing heavily in expansions to cater to the burgeoning demand from emerging economies like India and China. Several new production facilities are being set up across Latin America and Southeast Asia to ensure seamless supply and gain easy access to raw materials. Many companies are also expanding their product portfolios through acquisitions and new product development.
Market Key Trends
One of the major trends driving growth in the amino acid market is its increasing utilization in nutraceuticals and dietary supplements. Amino acids like glutamine, leucine, arginine and lysine find widespread applications in sports nutrition products, weight management formulas, gut health supplements and anti-aging solutions due to their proven health benefits. With rising health awareness and growing supplement industry, nutraceutical applications of amino acids are expected to surge over the coming years, providing thrust to market revenues.
Porter’s Analysis
Threat of new entrants: The amino acid market requires high capital investment setting up manufacturing facilities and R&D centers, making the entry of new players difficult.
Bargaining power of buyers: Buyers have high bargaining power in the amino acid market as products are highly substitutable and commodity in nature.
Bargaining power of suppliers: A few amino acid producers control a significant share of global supply concentrating their bargaining power.
Threat of new substitutes: Emergence of cost-effective plant-based and microbial fermentation methods pose threat of substitution to existing chemical and animal-based production of amino acids.
Competitive rivalry: The market is dominated by multinational corporations and intense competition keeps pricing and profit margins under pressure.
Geographical Regions
The amino acid market in Asia Pacific accounted for around 33% of global value share in 2024 led by demand from China, India and other Southeast Asian countries where animal feed and food processing industries are rapidly expanding.
North America was the second largest regional market for amino acids and is projected to grow at the fastest CAGR of 5.2% during the forecast period driven by widespread usage in dietary supplements, pharmaceuticals and infant formula in the United States and Canada.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
