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 Acid is an organic molecule that is made up of a basic amino group, they act as the building blocks of proteins. The protein acts as a catalyst for most chemical reactions that occur in a cell. The amino acids provide many structural elements of a cell and further support binding the cells together into tissues. Furthermore, amino acids are involved in several biological and chemical functions in the human body. Also, they are important ingredients for the development and growth of human beings which includes building and repairing the tissues, formation, and function of enzymes, food digestion, and transportation of molecules among others.
The wide application and benefits of amino acids in the food and beverage industry and pharmaceuticals are the prime drivers supporting the amino acids market growth during the forecast period
Owing to the numerous benefits of amino acids to the human body, the food and beverage industry and pharmaceutical industry utilize amino acids either alone or in combination as flavor enhancers. For instance, histidine amino acid helps in digestion, sleep, and immune function and can be obtained from food sources such as meat, chicken, and fish. Furthermore, the food industry has shifted its focus on providing more healthy and nutritious alternatives to consumers owing to the rising health and dietary concerns among the populations of developing and developed economies. Henceforth, the growing health concern among the population has augmented the demand for amino acids, consequently boosting the market growth during the forecast period.
Furthermore, amino acids are widely used in biotechnology applications and the pharmaceutical industry. They can be used as a solvent additive for protein purification and as an excipient for protein formulation in pharmaceutical applications. Additionally, sucrose, glycerol, and other amino acids are used to enhance the stability of unstable proteins after isolations from natural environments. Such benefits of amino acids in the pharmaceutical industry and biotechnology applications have further propelled the market for amino acids during the anticipated period.
The analysts anticipate that plant-based amino acids will hold a significant share under the source segment
Based on the source, the amino acid market is divided into the plant and animal-based amino acids. During the anticipated period, the plant-based amino acids market is expected to hold a significant share. The growth of this segment can be mainly attributed to the rising favoritism towards vegan and vegetarian dietary practices among the global population, coupled with rich amino acid intake from the vegetarian diet. Furthermore, the rising trend of sustainable food culture and organic products in both developing and developed economies has supported the market growth under this segment. Moreover, the rising social awareness regarding animal slaughter and its impact on the environment has played a vital role in the growth of the plant-based amino acids market.
The dietary supplements segment is expected to grow swiftly during the forecast period
Based on application, the amino acids market is segmented into food and beverage, dietary supplements, pharmaceuticals, and others. Due to increased nutrient supplement use during the pandemic to support the immune system, the application of dietary supplements in the amino acids market is predicted to experience promising growth. The amino acids are beneficial for muscle development and strength. Hence supplementing a proper diet with essential amino acids can support increasing the supply of nitrogen to the human body. It can further help in maintaining the amino acids stored in skeletal muscle. Furthermore, the growing markets of amino acids and their new application in different dietary supplements have supported the market growth. These dietary supplements have mainly grown popular among fitness enthusiasts as they help in boosting muscle growth and improve the exercise experience. Moreover, these supplements also help with weight loss.
According to analysts, the Asia-Pacific region is expected to hold a significant market share
Based on Geography, the amino acid market is divided into North America, South America, Europe, and the Asia Pacific. Geographically, it is projected that the Asia-Pacific region would account for a sizeable portion of the market. This is largely due to the region's sizably high population is a key factor in supporting the growth of the amino acid market in the Asia-Pacific region. According to UNFPA, the Asia-Pacific region holds 60% of the world’s population and includes the world’s most populous countries on the planet like India and China. Consequently, this population growth is expected to fuel the market for amino acids during the forecast period. Moreover, one of the factors promoting market expansion in the Asia-Pacific in the upcoming years is the rising adoption of a healthy lifestyle coupled with the rising spending power of the people.
The outbreak of COVID-19 had a significant impact on the amino acids market. The coronavirus majorly affected the immune system of human beings, which led to positive health-conscious behavior among the global population. The importance of a healthy lifestyle and diet surged amid a pandemic, which ultimately increased the demand for nutritional food in the global market. As a result, the demand for amino acid-rich food surged during this period. Furthermore, the demand for sustainable and organic foods witnessed growth amid the COVID-19 pandemic. Consequently, sustainable agricultural practices became extremely critical, which led to a surge in the demand for amino acid-based bio stimulants across the globe. However, the temporary lockdowns and restrictions imposed by the government led to partial or complete closure of production facilities and reduced staffing. As a result, the amino acid market witnessed a slowed-down market growth during the pandemic.