Food Amino Acids Market Size is anticipated to reach USD 50 Billion by 2030, registering a CAGR of 7.2% during 2022-2030.
Amino acids are organic compounds that aids in the expansion of protein chains in an organism. There are nine amino acids that are required by the human body to grow and function properly– histidine, isoleucine, leucine, lysine, methionine, phenylalanine, threonine, tryptophan, and valine. Food amino acids are primarily used in dietary supplements and nutraceutical products. The use of synthetically sourced food amino acids is exceptionally high. However, the demand for plant-sourced food amino acids is increasing owing to the rising consumer inclination towards the naturally-derived ingredients and additives. The global food amino acids market size is estimated to reach USD 6.81 billion and record a CAGR of 7.50% by the end of 2024.
The global food amino acids market is anticipated to be driven by several factors. Food amino acids find its application in the dietary supplements products. The demand for dietary supplements has been increasing at a high pace among the consumers owing to the rising health awareness and increasing geriatric population in the developed economies. Moreover, amino acids are used extensively to produce several protein supplements products. The demand for protein supplements is growing at a rapid pace owing to the growing number of athletes and health-conscious individuals.
The global food amino acids market has been segmented based on product type, source, application, and region.
The global food amino acids market has been classified, based on product type, into lysine, glutamic acid, methionine, tryptophan, and others.
The global food amino acids market has been classified, based on source, into animal, plant, and synthetic.
The global food amino acids market has been classified, based on application, into nutraceuticals & dietary supplements, infant formula, food & beverages fortification, convenience foods, and others.
The global food amino acids market has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American food amino acids market has further been segmented into the US, Canada, and Mexico.
The European food amino acids market has been classified as the UK, Germany, France, Italy, Spain, and the Rest of Europe.
The food amino acids market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. The food amino acids market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Regional Market Summary
Global Food Amino Acids Market Share (%), by Region, 2018
Source: Secondary Sources and MRFR Analysis
Among the regions, Asia-Pacific accounted for the major market proportion of 30% in the food amino acids market in 2018. Food amino acids are one of the major ingredients in the production process of dietary supplements. The production of dietary supplements is increasing gradually in the emerging economies of Asia-Pacific region. Apart from that, the consumption of dietary supplements is growing at a rapid pace especially in China, India, and other developing economies, which, in turn, propels the growth of the food amino acids market during the forecast period. In the region, China is estimated to retain its dominance throughout the forecast period, 2019–2024. North America and Europe have collectively accounted for 54% market share in global food amino acids market and is projected to witness a moderate growth owing to the mature market. Apart from that, Middle East region is projected to expand at a substantial growth rate during the forecast period, 2019–2024. Among the Middle East region, UAE, and Saudi Arabia are estimated to hold significant market share throughout the forecast period.
Global Food Amino Acids Market, by Product Type
Global Food Amino Acids Market, by Source
Global Food Amino Acids Market, by Application
Global Food Amino Acids Market, by Region
Food amino acids market is projected to grow at a 7.50% CAGR between 2019- 2024.
The Asia Pacific is expected to dominate the food amino acids market.
Food amino acids market is predicted to touch USD 6.81 billion by 2024.
Some key applications of food amino acids include convenience foods, food and beverage fortification, infant formula, nutraceuticals and dietary supplements, and others.
Eminent players profiled in the food amino acids market include Taiyo International (US), Pacific Rainbow International, Inc. (US), Pangaea Sciences Inc. (Canada), Brenntag AG (Germany), Hugestone Enterprise Co., Ltd. (China), Qingdao Samin Chemical Co., Ltd. (China), Daesang Corporation (South Korea), Prinova Corporation (US), Sigma-Aldrich Corporation (US), Evonik Industries AG (Germany), Kyowa Hakko Kirin Group (Japan), and Ajinomoto Co., Inc.(Japan.