The primary factor driving the worldwide amino acids market is the population's growing health consciousness together with an increase in the usage of dietary supplements for protein intake. Furthermore, the manufacture of supplements taken by athletes and the elderly includes amino acids as a primary element, which benefits the overall dynamics of the amino acids market
It’s being expected that by 2032, the Amino Acid market cap will hit US$ 62.1 billion at a CAGR growth of about 7.4%.
The COVID-19 pandemic presented some difficulties for the amino acids sector since the forced lockdown on industrial sectors caused supply chain interruptions. This led to supply and demand volatility for the items containing amino acids. However, as the virus spread, more individuals turned to treatments that improve immunity, which raised the market for items made with amino acids.
Raw material segment will dominate the market
The plant-based raw material category accounted for 86.0% of 2021 sales and is predicted to increase the quickest due to customer desire for organically derived goods. Examples of plant sources include soybean, wheat, maize, potatoes, and peas. Soybean is employed for commercial development because of its high consumption and large-scale manufacturing. However, soybean processing is known to change amino acid content, which is a significant worry for acquiring raw material.
It is primarily needed for protein deposition in the body, and the quantity of lysine consumed daily has a direct effect on the growth performance of animals. Adapting the dietary lysine content to the feed intake capacity enhances animal development, feed quality, and feed utilization. Growing demand from animal feed manufacturers and nutritional supplement formulations will boost lysine demand throughout the forecast period.
Product segment will capture a great amount of the market
L-glutamate, sometimes referred to as l-glutamic acid, a non-essential amino acid's volume share of 47.5% is the highest share in 2021 and is expected to keep leading over the forecast period. It is widely utilized as a dietary supplement, taste enhancer, feed additive, and as an intermediary in the production of organic compounds. Monosodium glutamate (MSG), sometimes known as seasoning salt, is used to increase food palatability. Increasing demand for processed food and product penetration in animal feed will boost the amino acids market over the forecast period. Being an important amino acid, lysine has recently seen a marked increase in demand. Since the body can't produce this acid, its demand is moderately driven by the dietary supplement sector.
The product has grown in popularity as an animal feed ingredient in addition to being consumed by humans. It is primarily needed for protein deposition in the body, and the quantity of lysine consumed daily has a direct effect on the growth performance of animals. Adapting the dietary lysine content to the feed intake capacity enhances animal development, feed quality, and feed utilization. Growing demand from animal feed manufacturers and nutritional supplement formulations will boost lysine demand throughout the predicted period.
Asia-Pacific will dominate the amino acid market
Asia-Pacific was the most lucrative market in 2022, accounting for 48.5% of total sales. The fastest revenue-based growth in the region is probably going to occur throughout the forecast timeframe. Since more feed additives are being exported from important nations like China and Japan, as well as because amino acid manufacturing is increasing, the regional market is expected to rise. Amino acids are used to treat liver and cardiovascular diseases and reduce muscle fatigue and degeneration. Due to the expanding populations in developing economies like China and India as well as the presence of a young population, amino acids are in high demand in the aforementioned countries.
It is projected that the cost of wheat, soybeans, and maize would cause the market profitability graph of amino acids to go lower. With the introduction of the microfiltration technique, which produces a greater yield, the amino acids market is anticipated to see remarkable expansion.
Amino acids are the building blocks of proteins. Life's essential building blocks are proteins and amino acids. Amino acids are left over after proteins are digested or broken down. The market for amino acids was valued at USD 26.1 billion in 2022 and is predicted to grow to USD 28.32 billion in 2022. The amino acid market is anticipated to expand at a CAGR of 7.4% between 2022 and 2029, reaching USD 49.7 billion by 2029.
During the projected period, Asia-Pacific is expected to consume the most amino acids globally, with an x.x percent CAGR, due to improving economic circumstances and increasing demand. South America, which uses more amino acids in animal feed than Asia-Pacific, ranks second. China is a significant supplier of amino acids globally. However, established areas like North America will continue to expand at a steady pace going forward.
The amino acids market is divided into three categories depending on the sources of the amino acids: animal, microbial, and plant. Wheat, soybeans, and corn are included in the part of plant-based raw materials that is further divided. Amino acid types that are utilized in end-user sectors including flavor enhancer, medicines, animal feed additives, food, and nutritional supplements provide a variety of health advantages. The need for raw materials made from animals, including fish silage and meat meal, has increased as a result of the restriction put on meat and bone meal, which caused unprecedented expansion. This is because the restriction led to remarkable growth. Additionally, the microbial-based amino acids market is predicted to increase faster in the years to come.
Depending on the application, the amino acids market includes medicines, food and beverage, and animal feed. Due to changes in consumer behaviour and demographics, dietary supplements account for a significant share of both animal and plant-based amino acid categories. Since buffering agents are used in a broad range of pharmaceutical products, including antacids, antiperspirants, and analgesics, demand has increased.
Evonik Industries AG (Germany), Sunitomo Chemical Co. Ltd. (Japan), Cargill (U.S.), Archer Daniels Midland Firm (U.S.), Daesang Corporation (South Korea), Amino GMbH, (Germany), and Fufeng group company Ltd. are among the top multinational companies that deal in amino acids (China). These large firms are concentrating on R&D to penetrate new amino acid streams.
Recent Developments in the Amino Acid Market: a Snapshot
- Pyrrolysine is an amino acid that was discovered recently. It is a modified form of lysine and has its codon, which uses one of the three stop codons in DNA. It is carried to the ribosome by a unique transfer RNA molecule.
- The recent advancement of omics approaches has seen widespread application in studies of amino acid metabolism and its connections. Biochemistry, molecular genetics, genomics, and systems biology will continue to foster fundamental research, allowing us to develop ideas and strategies for investigating novel aspects of gene-protein-metabolite regulatory networks. Furthermore, the CRISPR-Cas gene editing technology, which is constantly being improved, has enabled the expression or activity of one or more critical regulatory enzyme(s) to be altered, thereby supporting studies to improve plant nutritional quality.
Amino Acid Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 49.7 billion.|
|Growth Rate||CAGR of 7.4% during 2021-2028|
|Segment Covered||Type, Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, Rest of World|
|Key Players Profiled||Evonik Industries AG (Germany), Sunitomo Chemical Co. Ltd. (Japan), Cargill (U.S.), Archer Daniels Midland Firm (U.S.), Daesang Corporation (South Korea), Amino GMbH, (Germany)|
Key segments in the Global Amino Acids Market
Type Overview, 2022-2029 (USD Billion)
Application Overview, 2022-2029 (USD Billion)
- Animal Feed
- Food & Beverages
- Pharmaceutical & Health Care
- Cosmetics & Personal Care
End-user Overview, 2022-2029 (USD Billion)
Regional Overview, 2022-2029 (USD Billion)
- North America
- The United States
- the Netherlands
- The United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Rest of World Key Segments of the Global Metal Forging Market