The new report by Expert Market Research titled, ‘Global Food Amino Acids Market Trend, Share, Size, Growth, Report and Forecast 2022-2027’, gives an in-depth analysis of the global food amino acids market, assessing the market based on its segments like sources, types, applications, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2017-2027)
• Forecast CAGR (2022-2027): 7.3%
The rising global population and demand for nutritional and food security are expected to drive global market growth. The increasing demand for amino acids as functional foods, and the rising adoption of glutamic acid as a flavour enhancer in various foods and beverages, are likely to propel the market’s growth in the next few years.
The wide range of applications of amino acids, starting from flavour development, preservation, and nutritional component/building block of protein to speciality ingredients, such as aspartame, is expected to drive the market. Moreover, due to the health benefits provided by amino acids, demand for amino acids is predicted to rise for different nutraceutical and nutritional supplements throughout the forecast period. The use of lysine in various dietary supplements is further fueling the market’s expansion.
Industry Definition and Major Segments
Amino acids are building blocks of protein. Proteins are long chains of amino acids. In the body, amino acids combine in a variety of ways to produce proteins. While the human body produces hundreds of amino acids, there are nine that the body cannot produce. These vital amino acids are known as essential amino acids, and they must be obtained from food.
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By source, the market is segmented into:
• Plant Based
• Animal Based
The various types of food amino acids in the market are:
• Glutamic Acid
Based on application, the market is classified into:
• Infant Formula
• Nutraceuticals and Dietary Supplements
• Convenience Food
On the basis of region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Expanding urbanisation, increase in incomes, and ageing populations are expected to boost demand for food amino acids. The intake of dietary supplements and fortified food and beverage has led to the escalating demand for the amino acid. Along with this, some particular types of amino acids, like tryptophan, were essential for consumption. This sleep-inducing amino acid also had the property of enhancing immunity, being of much importance during the pandemic.
The rapid growth in demand for food amino acids in malnourished and deprived populations is escalating the growth of the market. The rise in international sports competitions has drawn more attention to the physiological effects of amino acids on muscles, which is expected to create an opportunity for food amino acid ingredient manufacturers.
Key Market Players
The major players in the market are AMINO GmbH, Ajinomoto Co., Inc., Daesang Corporation, Wacker Chemie AG, and Sumitomo Chemical Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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