Amino Acids Industry Overview
The global amino acids market size was valued at USD 26.1 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.4% during the forecast period of 2022 to 2030. The market is anticipated to be driven by the increasing demand for amino acids from the food, pharmaceutical, and nutraceutical industries. The product is widely being used in dietary supplements owing to its ability to treat muscle soreness, sprain, and mental fatigue. With the emergence of the COVID-19 pandemic, the amino acids industry faced a few challenges as the imposed lockdown on manufacturing industries resulted in supply chain disruptions. This in turn resulted in a supply and demand volatility of the amino acid products. However, with the spread of the virus, the shift of people towards immunity-boosting products increased during the period, thus driving the demand for amino acid-based products. Gather more insights about the market drivers, restrains and growth of the Global Amino Acids Market Amino acids can be synthesized via protein hydrolysis, chemical synthesis, or microbiological (biotechnological) methods. The choice of method depends on the available technology, cost of raw materials, market characteristics, cost of running fermentation versus synthesis reactions, and the environmental impact of the method itself. Biotechnological methods are widely utilized to produce amino acids. Even though biotechnology-based production is capital intensive, it plays a significant role in the production of amino acids. Modern biotechnology is applied to increase the production yield. For instance, genetic and metabolic engineering are used for strain improvement. However, enzyme catalysis is expected to remain the preferred method for the production of amino acids and their derivatives. The fermentation process is applied to the industrial production of most L-amino acids. This method utilizes the phenomenon under which microorganisms convert nutrients to various vital components required. Raw materials such as syrups are added to the microorganisms’ culture media and proliferating microorganisms can produce amino acids. Enzymes play an important role in the production of amino acids by fermentation. Plant-based raw materials such as soybean, wheat, and corn are gaining popularity owing to higher amino acid concentration and availability. In order to maintain a consistent supply of raw materials for production, key players in the market are adopting forward as well as backward integration strategies aimed at securing high quality and stable supply of raw materials. Such steps of vertical integration are providing a higher degree of certainty of raw material supply and are offering them opportunities for the development of new and innovative products from existing raw materials. The rising demand for dietary supplements, along with bolstering expansion of the healthcare industry in countries such as India, China, Mexico, and the U.S., is expected to propel the product demand in the long run. Among different types of amino acids, lysine and valine are gaining significant traction among end-users. Browse through Grand View Research's Animal Feed and Feed Additives Industry Research Reports.
Amino Acids Market Segmentation Grand View Research has segmented the global amino acids market on the basis of raw material, product, application, livestock, and region: Amino Acids Raw Material Outlook (Volume, Kilotons, Revenue, USD Million, 2016 - 2030)
Market Share Insights
Key Companies profiled: Some prominent players in the global amino acids market include
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