May 18, 2024
Amino Acids Market

Amino Acids Market Expected to Reach US$25.28 Billion by 2023

Market Overview:
The global amino acids market is projected to reach a valuation of US$25.28 billion in 2022 and exhibit a CAGR of 8.4% during the forecast period of 2023-2030. Amino acids are essential organic compounds that play a crucial role in various biological processes, including protein synthesis and metabolism. They offer several advantages such as improving muscle growth, enhancing athletic performance, promoting weight loss, and supporting overall health. The increasing demand for nutritional supplements, growing awareness about the benefits of amino acids in the food and beverage industry, and rising adoption of animal feed additives are driving the market growth. Moreover, the pharmaceutical industry also utilizes amino acids in drug formulations, further fueling market expansion.

Market Key Trends:
One key trend in the amino acids market is the rising consumption of plant-based amino acids. With the increasing trend of veganism and vegetarianism, there is a growing demand for plant-based alternatives to animal-derived amino acids. Plant-based amino acids are sourced from soy, peas, quinoa, and other plant-based protein sources. These amino acids provide similar nutritional benefits as animal-derived ones and are also environmentally sustainable. The market is witnessing a shift towards plant-based amino acids due to their ethical, health, and environmental advantages. This trend is driven by the rising awareness about animal welfare, concerns over the environmental impact of animal agriculture, and the preference for natural and clean label products among consumers. As a result, manufacturers are focusing on developing plant-based amino acid products to cater to the changing consumer preferences and capture the growing market demand.

Segment Analysis:

The amino acids market can be segmented based on type, application, and region. In terms of type, the market can be further divided into essential amino acids and non-essential amino acids. The essential amino acids segment is dominating the market due to their vital role in various biological processes and their requirement for proper growth and development. These amino acids cannot be synthesized by the body and must be obtained from external sources such as diet.

Key Takeaways:

The Global Amino Acids Market Demand is expected to witness high growth, exhibiting a CAGR of 8.4% over the forecast period of 2023-2030. This growth can be attributed to the increasing demand for nutritional supplements and functional foods, as amino acids are widely used in these products. They are essential for muscle building, weight management, and overall well-being. Additionally, the rising awareness about the benefits of amino acids in sports nutrition and bodybuilding is driving market growth.

In terms of regional analysis, Asia Pacific is the fastest-growing and dominating region in the amino acids market. This can be attributed to the increasing population, growing disposable income, and changing lifestyles in countries such as China, India, and Japan. Moreover, the presence of key players, favorable government policies, and the increasing demand for dietary supplements in the region are further fueling market growth.

Key players operating in the amino acids market include Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., AMINO GmbH, Bill Barr & Company, IRIS BIOTECH GMBH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker Chemie AG, Adisseo, and CJ CheilJedang Corp. These players are focusing on research and development activities, strategic partnerships, and product launches to gain a competitive edge in the market.

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