The global amino acids market is expected to attain a valuation of USD 27.5 billion in 2023 and is projected to reach USD 63.4 billion by 2033, expected to expand at a CAGR of 8.7% during the forecast period. The market growth is driven by higher consumer spending power and rising awareness of healthy lifestyles and preventive healthcare. Amino acids are utilized in health supplements to alleviate muscle pain, reduce fatigue, and mitigate cardiovascular disease risks. Additionally, they are gaining popularity as nutritional sports supplements, with athletes opting for amino acid-based products like tablets, powders, and drinks to support muscle growth.
The health benefits of amino acids are expected to drive increased demand for amino acids in various nutraceuticals and dietary supplements throughout the forecast period. Increasing consumer awareness of health and the demand for nutritious food have prompted food & beverage manufacturers to incorporate essential nutrients like amino acids into their products. This has led to a rise in customer demand for amino acids. Protein-rich diets, particularly favored by bodybuilders and athletes aiming to enhance performance and build muscle, contribute to market growth. Sports supplements such as energy drinks, nutrition bars, low-carb diets, and nutritional supplements further contribute to the market’s expansion.
The demand for amino acids is further expected to rise due to manufacturers’ initiatives like product launches, expansions, and investments. The increasing demand for amino acids in industries such as food & beverages, cosmetics, dietary supplements, and pharmaceuticals, driven by their various health benefits, presents a great opportunity for market growth. With growing consumer awareness of these benefits, manufacturers are launching new products, expanding their facilities, and making investments to cater to the diverse needs of different end-users.
The pet food industry has experienced rapid expansion, fueled by the rising popularity of household pets such as dogs, cats, fish, and birds. With an expected increase in pet ownership over the next four years, there is significant potential for businesses catering to pet-related products. The growing adoption of pets across various countries is projected to drive the demand for pet food and amino acids used in pet food, medicine, and veterinary supplements. The increasing consumption of sodium amino acids in this sector is anticipated to further propel market growth.
Key Takeaways
- The market in Asia Pacific is projected to grow with a promising CAGR of 9.6% during the forecast period.
- European market is expected to grow with a CAGR of 8.6% during the forecast period.
- By application, food and dietary supplements are expected to generate amino acid demand with a CAGR of 9.4% during the forecast period.
- By product, L-glutamate segment is expected to generate demand with a CAGR of 8.8% during the forecast period.
Discover the Future of Amino Acids Market with Our Detailed Report!
Top Players in the Amino Acids Market
- Ajinomoto Co., Inc.
- KYOWA HAKKO BIO CO., LTD.
- Evonik Industries AG
- AMINO GmbH
- Taiwan Amino Acids Co. Ltd.
- ADM Company
- Cargill, Incorporated
- DAESANG CORPORATION
- Fufeng Group Company Limited
- iris Biotech GmbH
- RSP Amino Acid, LLC
- Sumitomo Chemical Co. Ltd.
Key Segments Profiled in the Amino Acids Market Survey
By Raw Material:
- Plant-Based
- Animal Based
By Application:
- Animal Feed
- Food & Dietary Supplements
- Pharmaceutical
By Livestock:
- Swine
- Poultry
- Cattle
- Others
By Product:
- L-Glutamate
- Lysine
- Methionine
- Threonine
- Tryptophan
- Leucine
- Iso-Leucine
- Valine
- Glutamine
- Arginine
- Glycine
- Phenylalanine
- Tyrosine
- Citrulline
- Creatine
- Proline
- Serine
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