Global Amino Acids Market

Amino Acids Market Size, Share, Growth Analysis, By Type(L-Arginine, Cysteine, Glutamine, Histidine), By Application(Dietary nutrition, functional nutrients, sports nutrition, infant nutrition) - Industry Forecast 2024-2031


Report ID: SQSG30I2043 | Region: Global | Published Date: February, 2024
Pages: 242 | Tables: 75 | Figures: 75

Amino Acids Market Competitive Landscape

The amino acids market has been characterized by the presence of established firms with considerable production capacity. With increased product demand, they are focusing on acquisitions, expansion, and investment strategies to expand their product range and fulfill the growing demand from end-use markets. Bayer AG, headquartered in Leverkusen, Germany, announced the launch of Ambition, an amino acid-based product designed specifically for the Chinese market, in January 2022. The product contains 19 different types of amino acids, including glutamic acid, alanine, and glycine acid.

Amino Acids Market Top Players Company Profiles

  • Ajinomoto Co., Inc.
  • Evonik Industries AG
  • Archer Daniels Midland Company
  • Cargill, Inc.
  • Kyowa Hakko Bio Co., Ltd.
  • Sumitomo Chemical Co., Ltd.
  • Prinova Group LLC
  • Roquette Freres
  • Amino GmbH
  • CJ CheilJedang Corporation
  • Novus International, Inc.
  • Lonza Group AG
  • Sichuan Tongsheng Amino Acid Co., Ltd.
  • Meihua Holdings Group Co., Ltd.
  • Shandong Yangcheng Biotech Co., Ltd.
  • Sunrise Nutrachem Group Co., Ltd.
  • Shanghai Fortune Biological Engineering Co., Ltd.
  • Tianjin Tianan Pharmaceuticals Co., Ltd.
  • Tianjin Zhongrui Pharmaceutical Co., Ltd.
  • Yuki Gosei Kogyo Co., Ltd.

Amino Acids Market Recent Development

  • In May 2022, Abbott announced to release limited quantities of EleCare® branded specialty formulas. EleCare formulas are hypoallergenic and are used by infants and children who have severe food allergies or gastrointestinal (GI) disorders that require amino acid-based formulas.
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FAQs

Numerous advantages of amino acids and rising consumer awareness are the key factors that are driving the amino acid market growth.

Based on application, the amino acids market is segmented into dietary nutrition, functional nutrients, sports nutrition, infant nutrition, and others.

Amino Acids Market size was valued at USD 26.39 billion in 2019 and is poised to grow from USD 28.32 billion in 2023 to USD 53.39 billion by 2031, growing at a CAGR of 7.3% in the forecast period (2024-2031).

The amino acids market has been characterized by the presence of established firms with considerable production capacity. With increased product demand, they are focusing on acquisitions, expansion, and investment strategies to expand their product range and fulfill the growing demand from end-use markets. Bayer AG, headquartered in Leverkusen, Germany, announced the launch of Ambition, an amino acid-based product designed specifically for the Chinese market, in January 2022. The product contains 19 different types of amino acids, including glutamic acid, alanine, and glycine acid. 'Ajinomoto Co., Inc.', 'Evonik Industries AG', 'Archer Daniels Midland Company', 'Cargill, Inc.', 'Kyowa Hakko Bio Co., Ltd.', 'Sumitomo Chemical Co., Ltd.', 'Prinova Group LLC', 'Roquette Freres', 'Amino GmbH', 'CJ CheilJedang Corporation', 'Novus International, Inc.', 'Lonza Group AG', 'Sichuan Tongsheng Amino Acid Co., Ltd.', 'Meihua Holdings Group Co., Ltd.', 'Shandong Yangcheng Biotech Co., Ltd.', 'Sunrise Nutrachem Group Co., Ltd.', 'Shanghai Fortune Biological Engineering Co., Ltd.', 'Tianjin Tianan Pharmaceuticals Co., Ltd.', 'Tianjin Zhongrui Pharmaceutical Co., Ltd.', 'Yuki Gosei Kogyo Co., Ltd.'

Amino Acids's numerous advantages are boosting market growth

Plant-based raw materials such as soybean, wheat, and corn are gaining popularity due to better amino acid concentration and availability. Key market participants are implementing forward and backward integration techniques to ensure a steady supply of raw materials for production. Such vertical integration processes increase the certainty of raw material supply and provide chances for the development of new and creative products from existing raw materials.

In terms of revenue share, Asia Pacific dominated the market in 2021. Market expansion in China is anticipated to be fueled by rising pork consumption. The demand for dietary supplements in China is anticipated to increase as a result of growing health concerns and rising personal medical costs, which will also boost demand for amino acids. Over the forecast period, it is anticipated that the shift in consumer preference for ready-to-drink (RTD) beverages will have a positive impact on aspartame demand, increasing regional aspartic acid consumption of amino acids. 

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Global Amino Acids Market

Product ID: SQSG30I2043

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