April 12, 2024
Amino Acid Market

Amino Acid Market Propelled by Rising Demand for Nutraceuticals

Amino acids are organic compounds that serve as building blocks for protein in humans and animals. Essential and non-essential amino acids are widely used in pharmaceuticals, dietary supplements, functional foods and beverages, cosmetics, animal feed and more. Increased health awareness among consumers has boosted the demand for functional foods and nutraceuticals containing high-quality protein sources like amino acids. They help increase muscle mass, improve cognition and boost immunity. The Global Amino Acid Market Size is estimated to be valued at US$ 27.4 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Rising demand for nutraceuticals containing bioactive peptides derived from proteins and amino acids has been a key driver of the global amino acid market. These nutraceutical ingredients offer various health and wellness benefits like antioxidant and anti-inflammatory properties. Many dietary supplements and sports nutrition products today use specific amino acid profiles to meet the performance and recovery needs of active individuals and promote general well-being. Innovations to develop novel formulations incorporating bioavailable peptide complexes from natural sources are expected to further accelerate the market growth over the forecast period.

SWOT Analysis

Strength: The amino acid market has high growth opportunities due to the wide range of applications in the pharmaceutical, nutraceutical, cosmetic, and livestock feed industries.
Weakness: High purity standards and production costs make amino acid supplements more expensive than other types of supplements.
Opportunity: Growing demand for personalized medicine and diagnostics offers scope for integrating amino acid analysis. The use of amino acids as biomarkers for disease diagnosis can also expand opportunities.
Threats: Stringent regulations associated with clinical trials and product approval processes pose challenges.Environmental regulations around waste management in manufacturing can increase costs.

Key Takeaways

The global amino acid market is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis: The Asia Pacific region is expected to experience the fastest growth in the amino acid market due to rising disposable incomes, growing health awareness, and increasing demand for amino acid supplements and nutraceuticals in countries such as China, India, and Japan. North America currently dominates the market owing to high healthcare spending and presence of key market players in the US and Canada.

Key players operating in the amino acid market are Intomics, GENinCode, NanoString, Tepnel Pharma Services Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., Merck & Co., Inc, QIAGEN, Quest Diagnostics Incorporated, Medtronic, Thermo Fisher Scientific Inc., Laboratory Corporation of America Holdings, bioMérieux SA, F. Hoffmann-La Roche Ltd, Eli Lilly & Company, GlaxoSmithKline plc, Cepheid, AstraZeneca PLC, Myriad Genetics, Inc., Bristol-Myers Squibb Company, and Foundational. These players are focusing on new product launches, collaborations, and geographical expansions to gain market share.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it