Amino Acids Market
Report ID: SQSG30I2043
Amino Acids Market Trends
Skyquest Technology's expert advisors have carried out comprehensive research on the amino acids market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
Amino Acids Market Dynamics
Amino Acids Market Driver
- Amino Acids's numerous advantages are boosting market growth
Given the health advantages provided by amino acids, it is anticipated that demand for amino acids will increase for a variety of nutraceuticals and dietary supplements during the course of the review period. Amino acids are therefore anticipated to have a wide range of applications, including preservation and as a nutrient and protein building block.
- Rising consumer awareness is expected to boost the amino acid market
Consumers' awareness of their health has grown, as has the need for nutritious food. This has compelled food and beverage manufacturers to create items fortified with essential nutrients, such as amino acids, which has increased customer demand for amino acids. Protein-rich diets are especially appealing to bodybuilders and athletes who want to increase their performance and gain muscle. Sports supplements include energy drinks, nutrition bars, low-carb diets, and nutritional supplements, which increase the amino acid market share.
Amino Acids Market Opportunity
- Online Supplement Sales Surge
The rise in e-commerce sales has been one of the most significant changes in the supplement industry since the Covid-19 pandemic. E-commerce has been the fastest-growing channel in the supplement industry, giving local/regional players numerous opportunities to penetrate the market. For instance, the brick-and-mortar sales increased by 2.8% in 2019, e-commerce increased by 26.5% — nearly tenfold. Online supplement sales were expected to increase 61.4% by June 2020, compared to 9.0% for mass-market retail and 5.5% for natural and specialty retail. During the pandemic, consumers switched to online supplement purchasing, with online supplement sales expected to increase from USD 5 billion in 2019 to more than USD 10 billion in 2022 (reaching 19.6% of all supplement sales).
Amino Acids Market Report Snapshots
REQUEST FOR SAMPLE
Want to customize this report?
REQUEST FREE CUSTOMIZATION
REQUEST FREE CUSTOMIZATION
USA (+1) 351-333-4748
