Amino Acids Market Size, Share, Opportunities, COVID 19 Impact, And Trends By Source (Plant, Animal), By Application (Food And Beverages, Dietary Supplements, Pharmaceuticals, Others), By Type (Alanine, Glutamine, Aspartic Acid, Others), And By Geography - Forecasts From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061613957 Pages: 120

The amino acids market is evaluated at US$15.743 billion for the year 2020, growing at a CAGR of 4.84% reaching a market size of US$21.917 billion by the year 2027.

Amino acids are organic compounds that are combined to form proteins. These are highly essential compounds that are common to all living things,  from microbes to humans. There are wide applications of amino acids in the food industry, pharmaceuticals, and animal feed which is a major factor supplementing the market growth globally during the next five years. High applications of amino acids in dietary supplements due to their ability to treat muscle soreness and sprains and mental fatigue. Thus, a growing concern among the millennial population group in both developed and developing economies of the world has further augmented the demand for amino acids, thus playing a positive role in the market growth until the end of the forecast period. Moreover, an increase in the health-savvy population, particularly in the developed economies, has further increased the consumption of healthy and nutritious foods in their diets. This also plays a significant role in boosting the market growth during the next five years. Moreover, the constant participation by market players and numerous end-user companies in the launch of new amino acid products as well as new products in which the applications of amino acids are necessary further shows the growth potential of the market and the business growth opportunities over the next five years.

The outbreak of the novel coronavirus disease is anticipated to moderately impact the market growth to some extent, which is because there was a temporary suspension in manufacturing activities across several end-user industries. However, a significant increase in the consumption of healthy foods to boost the immune system is further expected to offset the impact in the coming time frame.

The market for amino acids is segmented based on source, applications, type, and geography. Based on the source, the classification of the market has been done into plants and animals. By application, the market has been segmented into food and beverages, dietary supplements, pharmaceuticals, and others. By type, the market has been divided into alanine, glutamine, aspartic acid, and others. Geographically, the market is segmented into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Plant-based amino acids will account for a sizable portion.

According to the source, plant-based amino acids are anticipated to hold a significant amount of market share throughout the next five years  There are a wide variety of sources used for the extraction of amino acids, which include wheat, and soya. The significant share of this segment is majorly supported by the higher amino acid concentrations and availability. Moreover, the growth of this segment is primarily attributed to the growing awareness of consumers regarding the consumption of organic and naturally sourced products in both developed and developing nations of the world. Moreover, rising social awareness among people regarding the slaughter of animals also plays a vital role in bolstering the growth of the plant-based amino acids, market during the next five years.

Dietary supplements are expected to grow rapidly. By application, the dietary supplements segment of the amino acids market is anticipated to witness promising growth, especially during the short run due to increased consumption of nutritious supplements amid the pandemic to boost the immune system. However, on the other hand, the food and beverage industry is projected to hold a significant market share, which is attributable to the fact that there are wide applications of amino acids in a variety of food products as flavour enhancers, preservatives, and nutritional enhancers. Moreover, the use of amino acids in food and beverages is also regulated by the FDA, which also supplements the share of this segment in the coming five years. Other applications of amino acids include animal feed and cosmetics among others. Amino acids are widely used as feed additives to regulate metabolism in livestock and supplement the protein requirements of a variety of livestock.

APAC will have a sizable share.  By geography, the Asia-Pacific region is anticipated to hold a significant market share, which can be majorly attributed to the presence of a considerably large population base. Moreover, the growing adoption of a healthy lifestyle coupled with the growing purchasing power of the population is one of the factors supporting the market growth in the Asia-Pacific region in the coming five years. Moreover, the growing consumption of animal feed in countries like China and India further supplements the consumption of amino acids in the region, thus also positively influencing the market growth.

Key Developments in the  Market

In January 2020, The Marquie Group, Inc., an emerging company engaged in the manufacturing of beauty and wellness products, announced the launch of a new range of premium amino acid-based products on its health and beauty platform ahead of its upcoming launch.

In November 2021, Friesland Campina Ingredients, a leading functional ingredients and solutions provider, launched its first-ever plant-based proteins into the market —Plantaris Pea Isolate 85A and Plantaris Faba Isolate 90 A—in collaboration with AGT Foods, a leading supplier of the products like staple food, pulses, and other ingredients. Both the proteins are gluten-free and have high amino acids concentration, facilitating optimal stimulation of muscle protein synthesis.

In January 2022, Lycored, the world leader in R&D of lycopene and carotenoid supplement, launched a new processing site in New Jersey to enhance the processing of its amino acids, vitamins, carotenoids, minerals, and natural food ingredients. The new facility maximizes products' shelf-life, purity, and efficacy and increases output capacity.

Covid-19 Impact

Covid-19 had a significant impact on the amino acids market. Amid the global pandemic, the health awareness among the people increased, thus increasing the demand for nutritional food. Consequently, the demand for aminoacids-rich food surged. However, the mandated lockdown, rising infected cases, and social distancing measures led to partial or complete closure of production facilities and reduced staffing. This resulted in the supply and demand chain gap, thereby slowing the market growth.

Competitive Insights

Prominent/major key market players in the amino acids market include Cargill, ADM, and Kerry Group, among others. The players in the amino acid market are implementing various growth strategies to gain a competitive advantage over their competitors in this market. Major market players in the market have been covered along with their relative competitive strategies. The report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies) for the past few years, key products and services being offered, along with the recent deals and investments of these important players in the amino acid market.

Amino Acids Market Scope:

Report Metric Details
 Market size value in 2020  US$15.743 billion
 Market size value in 2027  US$21.917 billion
 Growth Rate  CAGR of 4.84% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Billion
 Segments covered  Source, Application, Type, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Ajinomoto Co., Inc., AMINO GmbH, Aminovation, Spectrum Chemical Mfg. Corp,   Kemin Industries, ADM, KYOWA HAKKO BIO CO.,LTD., Bill Barr & Company, CJ   Corporation, Evonik Industries AG
 Customization scope  Free report customization with purchase

 

Market Segmentation

  • By Source
    • Plant
    • Animal
  • By Application
    • Food and Beverages
    • Dietary Supplements
    • Pharmaceuticals
    • Others
  • By Type
    • Alanine
    • Glutamine
    • Aspartic Acid
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Spain
      • Italy
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Taiwan
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the amino acids market size by 2027?
A1. The amino acids market is projected to reach a market size of US$21.917 billion in 2027.


Q2. What is the size of the global amino acids market?
A2. Amino Acids Market was valued at US$15.743 billion in 2020. 


Q3. What are the growth prospects for the amino acids market?
A3. The global amino acids market is projected to grow at a CAGR of 4.84% during the forecast period.


Q4. Which region holds the maximum market share of the amino acids market?
A4. The Asia Pacific region is anticipated to hold a significant share in the amino acids market which can be majorly attributed to the presence of a considerably large population base.


Q5. What factors are anticipated to drive the amino acids market growth?
A5. There are wide applications of amino acids in the food industry, pharmaceuticals, and animal feed which is a major factor supplementing the amino acids market growth.

1. INTRODUCTION
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation

2. RESEARCH METHODOLOGY  
2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY
3.1. Research Highlights

4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porter’s Five Force Analysis
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Power of Buyers
4.4.3. Threat of New Entrants
4.4.4. Threat of Substitutes
4.4.5. Competitive Rivalry in the Industry
4.5. Industry Value Chain Analysis

5. Amino Acids Market, by Source
5.1. Introduction
5.2. Plant
5.3. Animal

6. Amino Acids Market, by Application
6.1. Introduction
6.2. Food and Beverages
6.3. Dietary Supplements
6.4. Pharmaceuticals 
6.5. Others

7. Amino Acids Market, by Type
7.1. Introduction
7.2. Alanine
7.3. Glutamine
7.4. Aspartic Acid
7.5. Others

8. Amino Acids Market, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Amino Acids Market, By Source, 2020 to 2027
8.2.2. North America Amino Acids Market, By Application, 2020 to 2027
8.2.3. North America Amino Acids Market, By Type, 2020 to 2027
8.2.4. By Country
8.2.4.1. The USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Amino Acids Market, By Source, 2020 to 2027
8.3.2. South America Amino Acids Market, By Application, 2020 to 2027
8.3.3. South America Amino Acids Market, By Type, 2020 to 2027
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Amino Acids Market, By Source, 2020 to 2027
8.4.2. Europe Amino Acids Market, By Application, 2020 to 2027
8.4.3. Europe Amino Acids Market, By Type, 2020 to 2027
8.4.4. By Country
8.4.4.1.1. Germany
8.4.4.1.2. France
8.4.4.1.3. The UK
8.4.4.1.4. Spain
8.4.4.1.5. Italy
8.4.4.1.6. Others
8.5. The Middle East and Africa
8.5.1. The Middle East and Africa Amino Acids Market, By Source, 2020 to 2027
8.5.2. The Middle East and Africa Amino Acids Market, By Application, 2020 to 2027
8.5.3. The Middle East and Africa Amino Acids Market, By Type, 2020 to 2027
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. UAE
8.5.4.3. Others
8.6. The Asia Pacific
8.6.1. Asia Pacific Amino Acids Market, By Source, 2020 to 2027
8.6.2. Asia Pacific Amino Acids Market, By Application, 2020 to 2027
8.6.3. Asia Pacific Amino Acids Market, By Type, 2020 to 2027
8.6.4. By Country
8.6.4.1. China
8.6.4.2. India
8.6.4.3. Japan
8.6.4.4. South Korea
8.6.4.5. Indonesia
8.6.4.6. Thailand
8.6.4.7. Taiwan
8.6.4.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES
10.1. Ajinomoto Co., Inc.
10.2. AMINO GmbH 
10.3. ANGUS Chemical Company
10.4. Spectrum Chemical Mfg. Corp
10.5. Kemin Industries
10.6. ADM
10.7. KYOWA HAKKO BIO CO., LTD.
10.8. Bill Barr & Company 
10.9. Evonik Industries AG
10.10. Suntran Industrial Group Ltd.

Ajinomoto Co., Inc.

AMINO GmbH

ANGUS Chemical Company

Spectrum Chemical Mfg. Corp

Kemin Industries

ADM

KYOWA HAKKO BIO CO.,LTD.

Bill Barr & Company

Evonik Industries AG

Suntran Industrial Group Ltd.

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