Global Amino Acids Market Is Expected to Reach USD 43.55 billion by 2028 : Fior Markets

Amino Acid Market by Source (Plant-based, Animal-based), Product (Glutamine,Lysine, Methionine, Tryptophan,Valine, Leucine, Iso-Leucine, Threonine,Arginine, L-Glutamate,Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2021 to 2028


Newark, NJ, Jan. 27, 2021 (GLOBE NEWSWIRE) -- As per the report published by Fior Markets, the global amino acids market is expected to grow from USD 23.01 billion in 2020 and to reach USD 43.55 billion by 2028, growing at a CAGR of 8.3% during the forecast period 2021-2028.

The global amino acids market has witnessed significant growth in recent years. This growth is attributed to the high amount of nutritional benefits associated with amino acids, high levels of consumption of meat and meat products, increasing levels of feed additives consumption, and growing consumer awareness regarding natural and organic products. The increasing preferences of amino acids towards bio-based products and usage in the development of human muscles and the nervous system's proper functioning will propel the demand for amino acids.

The building blocks of proteins that forms a significant part of both human and animal nutrition are known as amino acids. They are found in abundance in seafood, eggs, red meat, dairy products, soy products, and quinoa. Amino acids are beneficial for fighting arthritis, strengthening the immune system, and treating tinnitus and rectal diseases. They are used in various body functions, ranging from repairing the body, breaking down food, enhancing growth, and others.

The global amino acids market is expected to witness significant growth, owing to the rising demand for nutrition-rich food products, increasing health-consciousness among the consumers, and increasing demand for amino acids from pharmaceutical, food, and nutraceutical industries. The factors hampering the market growth include growing rates associated with the raw materials and inconsistent supply of major raw materials. Higher amino concentrations and availability in plant-based raw materials such as soybean, wheat, and corn are gaining popularity. 

DOWNLOAD FREE SAMPLE REPORT AT https://www.fiormarkets.com/report-detail/419138/request-sample

The key players operating in the global amino acid market are Fufeng Group, Ajinomoto Co. Inc., ADM, Cargill, Taiwan Amino Acids Co. Ltd, Sumitomo Chemical, and Evonik AG. To gain a significant market share in the global amino acids market, the key players are now focusing on adopting strategies such as product innovations, mergers & acquisitions, recent developments, joint ventures, collaborations, and partnerships. 

  • For instance, in November 2017, Ajinomoto Co. Inc. announced acquisition Cambrooke Therapeutics Inc. with major share through their own subsidiary “Ajinomoto North America”. This acquisition will help the Ajinomoto Co. Inc. to enter into medical fields market and produce their own original ingredients.

Plant-based segment dominated the market and held the largest share of 57.3% in the year 2020
On the basis of source, the global amino acid markets is segmented into plant-based and animal-based. Plant-based segment dominated the market and held the largest share of 57.3% in the year 2020. This growth is attributed to the rising preference for vegan and sustainable products. Animal-based segment is expected to witness significant growth, owing to the rising meat consumption across the globe.

L-glutamate segment dominated the market and held the largest share of 29.66% in the year 2020
On the basis of product, the global amino acid market is segmented into glutamine, lysine, methionine, tryptophan, valine, leucine, iso-leucine, threonine, arginine, l-glutamate, and others. L-glutamate segment dominated the market and held the largest share of 29.66% in the year 2020. This growth is attributed to the increasing demand for processed food and rising product penetration in animal feed. Lysine segment is anticipated to witness significant growth, owing to the increasing demand for dietary supplements.

Browse full report with TOC at https://www.fiormarkets.com/report/amino-acid-market-by-source-plant-based-animal-based-product-419138.html

Regional Segment of Amino Acids Market

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and Rest of South America)
  • Middle East and Africa (UAE, South Africa, Rest of MEA)

On the basis of geography, the global amino acids market is classified into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The Asia-Pacific segment holds the major share of 27.9% in the year 2020. This growth is attributed to the growing adoption of a healthy lifestyle, increased consumer spending, and expansion of industries like pharmaceuticals, personal care, cosmetics, and nutraceuticals. In the region, China and Japan hold the largest market share, as they are primarily used to treat liver and cardiovascular disorders. Europe is anticipated to witness significant growth, owing to the growing use of animal feed additives that contains amino acids like methionine, threonine, and lysine for improving animal growth and increasing demand for high-quality meat and meat products. Germany, the U.K., and France hold the largest share due to increased meat consumption.

Request for Customization: https://www.fiormarkets.com/enquiry/request-customization/419138

About the report:

The global amino acids market is analysed on the basis of value (USD billion). All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insights of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitors position grid analysis.

For Instant Purchase: https://www.fiormarkets.com/checkout.html?reportid=419138&type=single

Customization of the Report:

The report can be customized as per client requirements. For further queries, you can contact us on sales@fiormarkets.com or +1-201-465-4211. Our executives will be pleased to understand your requirements and offer you the best-suited reports.

About Fior Markets

Fior Markets is a futuristic market intelligence company, helping customers flourish their business strategies and make better decisions using actionable intelligence. With transparent information pool, we meet clients’ objectives, commitments on high standard and targeting possible prospects for SWOT analysis and market research reports. Fior Markets deploys a wide range of regional and global market intelligence research reports including industries like technology, pharmaceutical, consumer goods, food and beverages, chemicals, media, materials and many others. Our Strategic Intelligence capabilities are purposely planned to boost your business extension and elucidate the vigor of diverse industry. We hold distinguished units of highly expert analysts and consultants according to their respective domains. The global market research reports we provide involve both qualitative and quantitative analysis of current market scenario as per the geographical regions segregated and comprehensive performance in different regions with global approach. In addition, our syndicated research reports offer a packaged guide to keep companies abreast of the upcoming major restyle in their domains. Fior Markets facilitates clients with research analysis that are customized to their exact requirements, specifications and challenges, whether it is comprehensive desk research, survey work, composition of multiple methods, in-detailed interviewing or competitive intelligence. Our research experts are experienced in matching the exact personnel and methodology to your business need.

Contact Us

Avinash D
Head of Business Development
Phone: +1-201-465-4211
Email: sales@fiormarkets.com
Web: www.fiormarkets.com






To Know More Market Research Reports and Industry Analysis, Visit our Associate Website: https://marketandresearch.biz

Related Reports
Aseptic Packaging Market - https://www.fiormarkets.com/report/nickel-alloys-market-by-function-high-performance-corrosion-418645.html
Returnable Packaging Market - https://www.fiormarkets.com/report/returnable-packaging-market-by-product-sacks-racks-dunnage-418651.html
Aluminum Caps & Closures Market - https://www.fiormarkets.com/report/aluminum-caps-closures-market-by-product-closure-418788.html
Technical Enzymes Market - https://www.fiormarkets.com/report/technical-enzymes-market-by-type-amylases-proteases-cellulases-418793.html