Amino Acids Market size worth US$21.917 million by 2027
Knowledge Sourcing Intelligence announces the publication of a new analysis report on the market for “Amino Acids Market – which is forecasted from 2020 to 2027”.
The prime factors propelling the growth of the Amino Acids Market are consumers’ rising health consciousness and increased applications in animal feed.
As per the report, the market for Amino Acids Market is expected to grow at a steady pace
Amino acids are also referred to as the components of proteins due to their importance to human health. They are necessary for some crucial processes, including the synthesis of proteins and the generation of hormones. They are beneficial for boosting the immune system, battling cancer and arthritis, and treating tinnitus and other conditions. The need for amino acids is increasing as more individuals learn that they can treat a wide range of conditions, including mood disorders, sleep issues, premenstrual dysphoric disorder, teeth grinding, quitting smoking, and attention deficit hyperactivity disorder. Amino acids have numerous uses in the pharmaceutical sector, food industry, and animal feed, which is a significant driver supporting the market expansion globally during the next five years.
The Amino Acids market has been categorized on the basis of source, application, type, and geography.
By source, the market has been classified into Plant and Animal. The increase in consumer awareness regarding the consumption of organic and organically sourced products both in the developed and developing countries of the world is primarily contributing to the expansion of the plant-based amino acids market.
By application, the market has been classified into Food and Beverages, Pharmaceuticals, Dietary Supplements, and Others. Due to increased dietary supplement use during the pandemic to support the immune system, the dietary supplement application of the amino acids market is predicted to experience promising growth.
By type, the market has been classified into Alanine, Aspartic Acid, Glutamine and Others. Aspartic acid combined with Aspartame, a sugar substitute that is becoming more and more common in various soft drink formulas.
Geographically, the Asia-Pacific region is expected to hold a sizable market share, largely due to the existence of a modestly large population base. Moreover, one of the factors promoting market expansion in the region over the next five years is the rising adoption of a healthy lifestyle combined with the increasing purchasing power of the population. Additionally, the increasing consumption of animal feed in countries like India and China further supplements the region’s consumption of amino acids, contributing to the market’s expansion.
The market for amino acids was significantly impacted by Covid-19. The global pandemic raised people’s awareness of health issues, which in turn raised the demand for nutritional food. As a result, demand for foods high in amino acids increased. However, the mandatory lockdown and social isolation measures resulted in the closure or downsizing of production facilities and a reduction in employees. This caused a gap in the supply and demand chain, which slowed the market’s expansion.
As a part of the report, the major players operating in the Amino Acids market that have been covered are Ajinomoto Co., Inc., ANGUS Chemical Company, AMINO GmbH, Spectrum Chemical Mfg. Corp, ADM, Kemin Industries, KYOWA HAKKO BIO CO.,LTD., Evonik Industries AG, Bill Barr & Company and Suntran Industrial Group Ltd.
View a sample of the report or purchase the complete study at https://www.knowledge-sourcing.com/report/amino-acids-market
This analytics report segments the Amino Acids market on the following basis:
- By Source
- By Application
- Food and Beverages
- Dietary Supplements
- By Type
- Aspartic Acid
- By Geography
- North America
- South America
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
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