by Amino acids are building blocks of protein and essential organic compounds required for many physical and mental processes. The essential amino acids cannot be produced by the human body thus need to be supplemented through diet. They play an important role in various metabolic activities and promote growth in infants, children and adults.
The global Amino Acid Market is estimated to be valued at US$ 27.4 Bn in 2023 and is expected to exhibit a CAGR of 8.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growing demand for nutritional supplements and functional foods & beverages is expected to be a key driving factor for the amino acid market over the forecast period. Amino acids are gaining increased prominence due to their various nutritional and health benefits. They are useful in supporting muscle growth, boosting metabolism and energy levels, and preventing muscle breakdown. There is a growing awareness about the benefits of amino acids in sports nutrition and their implications in muscle building, metabolism regulation and physical performance enhancement. This has contributed to driving the demand for amino acids in dietary supplements targeted towards health-conscious consumers, athletes and body builders.
SWOT Analysis
Strength: Amino acids play a vital role in building proteins in human body and are essential for proper functioning of cells and tissues. They help maintain proper kidney and liver function.
Weakness: Raw materials used for manufacturing amino acids are agricultural products and their prices depend on climatic conditions which can affect overall production cost.
Opportunity: Rising demand for nutraceuticals, dietary supplements and functional foods is driving the growth of amino acid ingredients due to their health beneficial properties. Growing consumer awareness regarding nutrition and wellness is another opportunity.
Threats: Stringent regulations associated with approval and labelling of amino acids limit their use in food and beverages. Availability of alternative proteins also poses a threat to the market.
Key Takeaways
The Global Amino Acid Market Shareis expected to witness high growth, exhibiting a CAGR of 8.4% over the forecast period, due to increasing demand for nutritious and healthy food products. Amino acids are widely used in food and beverage industry for their protein enrichment properties.
Regional analysis
Asia Pacific dominates the global amino acid market and is expected to grow at the fastest rate during the forecast period. Countries like China, India, Japan and South Korea are the major consumers in the region. Strong growth in nutraceuticals, pharmaceutical and food processing industries drives the demand. North America holds a significant share owing to stringent health regulations and growing health-conscious consumer base in the US and Canada.
Key players operating in the Amino Acid Market are Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., AMINO GmbH, Bill Barr & Company, IRIS BIOTECH GMBH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker, Chemie AG, Adisseo, and CJ CheilJedang Corp. Leading players are investing in R&D to develop new applications of amino acids and increase their market share through acquisitions.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
