Press Release

Dec, 15 2023

Increasing Demand for Amino Acids in Various Industries is Driving The Growth of the Global Amino Acids Market

The rising demand for amino acids in the food, pharmaceutical, nutraceutical, animal feed, chemical, and other industries is due to the health benefits associated with them. The rising health consciousness of consumers has raised the demand for healthier food products. This has encouraged food and beverage manufacturers to produce products infused with essential nutrients such as amino acids, which has resulted in a rise in demand. Several amino acids or their derivatives are used in food as flavor enhancers to improve taste or accentuate the flavor. As a result, various amino acids are essential in various recipes, depending on their use. They are also extensively employed as food and beverage preservatives. Thus, the demand for amino acids in various industries for various purposes is boosting market growth.

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Data Bridge Market Research analyzes that the Global Amino Acids Market is expected to reach USD 68,086,885.86 thousand by 2031 from USD 42,909,772.35 thousand in 2023, growing at a CAGR of 6.0% in the forecast period of 2024 to 2031.

Key Findings of the Study

Amino Acids Market

Advancements in Biotechnology used for the Production of Amino Acids

Biotechnological approaches are commonly used to manufacture amino acids as they are important in the synthesis of amino acids. Modern biotechnology is used to boost output yield. For instance, genetic and metabolic engineering are employed to enhance strains. However, enzyme catalysis will likely continue to be the primary approach for producing amino acids and their derivatives. Various microbial cells have been used as hosts to produce amino acids, which are primary metabolites. Metabolic engineering research on the rational design of amino acid-producing microbial cells has recently proved effective. Furthermore, systems biology technology has been applied to metabolic engineering to create amino acid-producing microbial cells. New methods such as synthetic biology, single-cell analysis, and evolutionary engineering are currently being used to construct amino acid-producing microbial cells. Microbial organisms have also created valuable chemicals from amino acids.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022  (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Thousand, Volume in Kilo Tons

Segments Covered

Type (Single Amino Acid and Amino Acid Mixes), Application (Animal Feed, Food & Beverages, Pharmaceutical, Dietary Supplements, Sports Nutrition, Farmers/Bio-Stimulants Industry, Cell Culture Media, Cosmetics, and Personal Care), Purity Level (Amino Acid 99%, Amino Acid More Than 99%, Amino Acid 90%, Amino Acid 80%, Amino Acid 70%, and Amino Acid Less Than 60%), Form (Powder, Granules, Liquid, Pellet, and Others), Product Category (Microbial Amino Acid, Plant-Based Amino Acid, and Synthetic Amino Acid), Function (Fortification, Energy Booster, Flavor Enhancer, Preservative, Muscle Growth, Immunity Booster, and Others), Distribution Channel (Direct and Indirect)

Countries Covered

U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Turkey, Russia, Netherlands, Switzerland, Belgium, Rest of Europe, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Philippines, Singapore, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, U.A.E., Saudi Arabia, South Africa, Kuwait, and Rest of Middle East and Africa

Market Players Covered

Novus International, Inc. (U.S.), Pangaea Sciences (Canada), Pacific Rainbow International, Inc. (U.S.), NIPPON RIKA CO., LTD. (Japan), AMINO GmbH (Germany), Sichuan Tongsheng Amino acid Co., Ltd (China), Otto Chemie Pvt. Ltd. (India), BCF Life Sciences (France), Paras Intermediates Private Ltd. (India), Global Bio-chem Technology Group Company Limited (Hong Kong), MEIHUA HOLDINGS GROUP CO., LTD. (China), Sumitomo Chemical (Japan), Ajinomoto Co., Inc. (Japan), CJ CHEILJEDANG CORP. (South Korea), Merck KGaA (Germany), DAESANG, KYOWA HAKKO BIO CO.,LTD. (South Korea), FUFENG GROUP (China), Adisseo (France), ADM (U.S.), Vedan International (Holdings) Limited (Vietnam), and Evonik Industries AG (Germany) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Segment Analysis

The global amino acids market is segmented into seven notable segments based on type, purity level, form, product category, function, application, and distribution channel.

  • On the basis of type, the market is segmented into single amino acid and amino acid mixes

In 2024, the single amino acid segment is expected to dominate the market

In 2024, the single amino acid segment is expected to dominate the market with a 92.31% market share due to its versatility and widespread applications in various industries, including food, pharmaceuticals, and cosmetics.

  • On the basis of purity level, the market is segmented into amino acid 99%, amino acid more than 99%, amino acid 90%, amino acid 80%, amino acid 70%, and amino acid less than 60%

In 2024, the amino acid 99% segment is expected to dominate the market

In 2024, the amino acid 99% segment is expected to dominate the market with a 67.14% market share due to its high quality and suitability for various industries, ensuring optimal performance and efficacy in applications such as pharmaceuticals, food, and cosmetics.

  • On the basis of form, the market is segmented into liquid, granules, powder, pellet, and others. In 2024, the powder form segment is expected to dominate the market with a 65.95% market share
  • On the basis of product category, the market is segmented into plant-based amino acids, microbial amino acid, and synthetic amino acid. In 2024, the microbial amino acids segment is expected to dominate the market with a 63.24% market share
  • On the basis of function, the market is segmented into immunity booster, preservative, flavor enhancer, fortification, muscle growth, energy booster, and others. In 2024, the fortification segment is expected to dominate the market with a 35.27% market share
  • On the basis of application, the market is segmented into animal feed, food & beverages, pharmaceutical, dietary supplements, sports nutrition, farmers/bio-stimulants industry, cell culture media, cosmetics, and personal care. In 2024, the animal feed segment is expected to dominate the market with a 46.20% market share
  • On the basis of distribution channel, the market is segmented into direct and indirect. In 2024, the direct segment is expected to dominate the market with a 59.36% market share

Major Players

Data Bridge Market Research analyzes CJ CHEILJEDANG CORP. (South Korea), Ajinomoto Co., Inc. (Japan), Merck KGaA (Germany), KYOWA HAKKO BIO CO., LTD. (South Korea), and MEIHUA HOLDINGS GROUP CO., LTD. (China) as the major market players operating in the global amino acids market.

Amino Acids Market

Market Developments

  • In October 2023, Solugen and ADM announced a strategic collaboration that aimed at expanding the production of a variety of inventive, plant-derived specialty chemicals and bio-based building block molecules. This expansion would take place at a newly established manufacturing facility located in Marshall, Minnesota. This will help the company to meet its sustainability goals
  • In January 2022, Merck KGaA collaborated with Absci to deploy its Bionic Protein non-standard amino acid technology to produce enzymes tailored for Merck’s biomanufacturing applications. This helped the company extend its research work
  • In October 2021, Ajinomoto Co., Inc. expanded its sports nutrition brand with an amino acid-based joint health supplement. This helped the company to broaden its product portfolio
  • In July 2021, Ajinomoto Co., Inc. launched RCT-backed amino acid supplement for cognitive decline. This supplement contains seven essential amino acids. This launch helped the company strengthen its amino acid-based portfolio
  • In April 2021, CJ CHEILJEDANG CORP. launched FlavorNrich Master C. It is the world’s first natural cysteine in response to market needs for plant-based, transparent, and natural flavor ingredients. This launch helped the company to widen its amino acid portfolio

Regional Analysis

Geographically, the regions covered in the global amino acids market report are U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, Turkey, Russia, Netherlands, Switzerland, Belgium, rest of Europe, China, India, Japan, South Korea, Indonesia, Thailand, Malaysia, Australia, Philippines, Singapore, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E., Saudi Arabia, South Africa, Kuwait, and rest of Middle East and Africa.

As per Data Bridge Market Research analysis:

North America is expected to dominate the global amino acids market

North America is expected to dominate the global amino acids market due to the growing health and fitness awareness among consumers in the region.

Asia-Pacific is expected to be the fastest-growing market in the global amino acids market

Asia-Pacific is expected to be the fastest-growing region in the global amino acids market due to increasing demand for nutritional supplements, a growing population, and rising awareness of health and wellness.

For more detailed information about the global amino acids market report, click here – https://www.databridgemarketresearch.com/reports/global-amino-acids-market


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