Amino Acids Market Set to Witness an Uptick during 2020 to 2027Posted by Mrudula Anil Karmarkar on January 14th, 2021 The global amino acids market size is projected to reach USD 40.3 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% from 2020 to 2027. Growing consumer awareness regarding healthy lifestyle, coupled with increasing consumption of meat and meat products, is anticipated to drive the demand for amino acids over the forecast period. Restrictions on manufacturing activities due to the advent of the COVID-19 pandemic shall cause a slump in the supply of feed, as well as its additives. The current stagnation in supply is, in turn, detrimental against the backdrop of ever-increasing demand for essential food products such as dairy and meat. The report will account for Covid19 as a key market contributor. Amino acids are essential compounds that play a vital role in protein synthesis and are responsible for proper functioning of human body. They help in reducing cardiovascular diseases, preventing muscle damage, and increasing metabolism. These properties have resulted in their extensive consumption in dietary and other pharmaceutical applications in the healthcare industry. Commercially, amino acids are derived from various plants and animal sources, which include soybean, corn, wheat, blood, skin, and hair usingfermentation, extraction, and chemical synthesis. Research and development activities related to improving the yield and quality of extracted amino acids are being carried out across the globe. The food and dietary supplements application segment dominated the market for amino acids in 2020. Food amino acids observed substantial growth as they are used to enhance flavor and nutritional value of food. The animal feed application segment is anticipated to witness the fastest growth in coming years due to growing product inclusion in animal feed conversion. Asia Pacific dominated the market in 2020 due to high demand from the food and beverage sector, increasing consumer awareness concerning health, and growing consumer preference for functional foods. The market for amino acids in Europe is anticipated to witness notable growth in forthcoming years owing to extensive growth in the region’s pharmaceutical and nutraceutical sectors. Moreover, ingredients used in formulating pharmaceutical and nutraceutical products are stringent. In North America, the Food and Drug Administration (FDA), U.S. Department of Agriculture (USDA), and U.S. Environmental Protection Agency (EPA) regulate plant and animal sourced amino acids products. Each of these regulatory bodies have chalked out certain regulations and published guidance documents in order to ensure the safety and effectiveness of products. Amino Acids Market Report Highlights
Key players are focusing on new and strategic alliance such as mergers, acquisitions among others as well as production capacity expansions. For instance, in March 2020, AMINO GmbH, a German company involved in amino acids manufacturing announced its plans to increase its amino acids production capacity by constructing a manufacturing facility in Frellstedt, Germany. The company is investing USD 32.55 million in new construction activity. The strategic decision will enable the player to meet the growing demand from the global food and pharmaceutical markets. Amino acids can be synthesized via protein hydrolysis, chemical synthesis, or microbiological (biotechnological) methods. The choice of method depends on the available technology, cost of raw materials, market characteristics, cost of running fermentation versus synthesis reactions, and the environmental impact of the method itself. Biotechnological methods are widely utilized to produce amino acids. Even though biotechnology-based production is capital intensive, it plays a significant role in the production of amino acids. Modern biotechnology is applied to increase the production yield. For instance, genetic and metabolic engineering are used for strain improvement. However, enzyme catalysis is expected to remain the preferred method for production of amino acids and its derivatives. The fermentation process is applied to industrial production of most L-amino acids. This method utilizes the phenomenon under which microorganisms convert nutrients to various vital components required. Raw materials such as syrups are added to microorganisms culture media and proliferating microorganisms can produce amino acids. Enzymes play an important role in the production of amino acids by fermentation. Plant-based raw materials such as soybean, wheat, and corn are gaining popularity owing to higher amino concentrations and availability. In order to maintain a consistent supply of raw materials for production, key players in the market are adopting forward as well as backward integration strategies aimed at securing high quality and stable supply of raw materials. Such steps of vertical integration are proving a higher degree of certainty of raw material supply and are offering them the opportunities for the development of new and innovative products from the existing raw materials. Have a Query? Ask Our Expert: https://www.grandviewresearch.com/inquiry/722/ibb Rising demand for dietary supplements, along with bolstering expansion of the healthcare industry in countries, such as India, China, Mexico, and the U.S., is expected to propel the product demand in the extended run. Among different types of amino acids, lysine and valine are gaining significant traction among end-users. The market has been characterized by the presence of the established players with large production capacities. With the augmented product demand, these players are focusing on acquisition, expansion, and investment strategies to enhance their product portfolio and meet the growing demand from the end-use markets. For instance, Ajinomoto Co., Inc., one of the major players in the market, has recently undertaken construction of a new facility in Brazil for the production of amino acids to cater to the product demand arising from the personal care industry. Some of the prominent players in the global amino acids market include:
Grand View Research has segmented the global amino acids market on the basis of source, product, application, livestock: Amino Acids Source Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Amino Acids Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Amino Acids Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
Amino Acids Livestock Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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