Global Amino Acids Market

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

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

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).

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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