Dublin, Feb. 05, 2024 (GLOBE NEWSWIRE) -- The "Global Amino Acids Market (2023-2028) by Product, Raw Material, Livestock in Animal Feed, Application, and Geography, Competitive Analysis, Impact of Covid-19 and Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The latest comprehensive analysis of the Global Amino Acids Market reveals a robust projection of growth within this sector. Rising public awareness surrounding the benefits of a healthy lifestyle and the therapeutic applications of amino acids in health supplements is driving market expansion. The market is set to burgeon from its current valuation of USD 26.59 billion in 2023 to an impressive USD 39.43 billion by 2028, growing at a CAGR of 8.20%.
Market Dynamics
The Amino Acids Market is experiencing a surge, primarily fueled by their growing incorporation in functional foods, dietary supplements, and pharmaceuticals amidst heightened demand for wellness products. The market is also benefiting from significant consumption in animal feed, further spurred by increasing protein intake recommendations.
L-Glutamate and Plant-Based Products Take Center Stage
In terms of product type, L-Glutamate has led the market, extensively utilized as a flavor enhancer and feed additive, thanks to its versatile application in various industries. On the raw material front, a shifting preference toward plant-based ingredients has seen the highest market share due to the growing consumer demand for natural and organic products.
Geographic Insights
Geographically, the Asia-Pacific region currently dominates and is further projected to be a significant growth contributor, attributed to countries like China that have noted a substantial uptick in meat consumption and nutritional supplements.
Industry Challenges
Despite the promising outlook, the industry faces challenges, including price volatility in raw materials such as soybean, wheat, and maize. Additionally, intense competition among market players and the presence of counterfeit products pose threats to market integrity.
Strategic Developments
Key market developments such as the launch of pioneering supplements incorporating essential amino acids and natural flavor ingredients underline the market’s innovative trajectory, set to solidify the strategic positioning of its chief constituents.
Market Segmentation
- Product: Essential and Non-Essential Amino Acids
- Raw Material: Plant-Based and Animal Based
- Livestock in Animal Feed: Swine, Poultry, Cattle, and Others
- Application: Animal Feed, Food & Dietary Supplements, and Pharmaceuticals
- Geography: Americas, Europe, Middle East & Africa, and Asia-Pacific
The report also includes a competitive analysis using proprietary tools to evaluate and interpret the market's direction and player positioning, focusing on strategy and market performance.
With thorough evaluations following various analytical tools, including SWOT analysis, the Ansoff Matrix, and more, the report presents a roadmap for market participants, outlining potential pathways for growth and strategies to harness market opportunities.
This analysis of the Global Amino Acids Market is designed to provide market participants with an inclusive understanding of industry dynamics, forecast trends, and the competitive landscape to navigate the market with strategic efficacy.
Highlighting Market Potential
As the market for amino acids witnesses an upswing, driven by health consciousness and increasing demand for functional food and supplements, industry stakeholders are poised to maximize this growth potential.
For more information about this report visit https://www.researchandmarkets.com/r/8h879c
Key Attributes
| Report Attribute | Details |
| No. of Pages | 184 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ($) in 2023 | $26.59 Billion |
| Forecasted Market Value ($) by 2028 | $39.43 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Global |
Companies Mentioned
- Adisseo France SAS
- Ajinomoto Co., Inc.
- AMINO GmbH
- Asiamerica Group, Inc.
- BI Neutraceuticals
- Bill Barr & Co.
- CJ CheilJedang Corp.
- Donboo Amino Acids Co., Ltd.
- Evonik Industries Ag
- Fufeng Group
- Global Bio-chem Technology Group Co. Ltd.
- IRIS Biotech GmBH
- Kingchem Life Science LLC
- Kyowa Hakko Bio Co., Ltd.
- Merck KGaA
- Nippon Rika Co., Ltd.
- Pacific Rainbow International, Inc.
- Prinova Group LLC
- Qingdao Samin Chemical Co., Ltd.
- Sichuan Tongsheng Amino Acids Co., Ltd.
- Sumitomo Chemical Co., Ltd.
- Sunrise Nutrachem Group Co., Ltd.
- Taiwan Amino Acids Co. Ltd.
- Wacker Chemie Ag
Key Highlights of the Report
1. Comprehensive Understanding of the Market
- In-depth Report Description
- Clear Study Objectives
- Precise Market Definition
- Insight into the Currency Used
- Consideration of Multiple Years
- Language Accessibility
- Identification of Key Stakeholders
2. Robust Research Methodology
- Transparent Research Process
- Thorough Data Collection and Validation
- Secondary Research
- Primary Research
- Analyst's Models
- Accurate Market Size Estimation
- Bottom-Up Approach
- Top-Down Approach
- Assumptions and Limitations Acknowledged
3. Executive Summary for Quick Insights
- Introduction to Market Dynamics
- Comprehensive Market Size, Segmentations, and Outlook
4. Dynamic Market Overview
- Impact Analysis
- Key Drivers
- Growing Awareness of Adopting a Healthy Lifestyle
- Increasing Demand from the Pet Food and Animal Feed Industry
- Increased Consumer Spending Capacity
- Noteworthy Restraints
- Inconsistent Supply of Key Raw Materials
- Lucrative Opportunities
- Growing Popularity in the Pharmaceutical Sector
- Increased Knowledge about Dietary Supplements
- Rising Availability of Different Types of Amino Acids in the Market
- Existing Challenges
- High Competition among Market Players
5. Holistic Market Analysis
- Regulatory Scenario
- Comprehensive Porter's Five Forces Analysis
- Thorough PESTEL Analysis
- Insightful Impact of Covid-19
- Strategic Ansoff Matrix Analysis
6. Detailed Market Segmentation
- By Product
- Essential Amino Acids
- Histidine, Isoleucine, Leucine, Lysine, Methionine, Phenylalanine, Threonine, Tryptophan, Valine
- Non-Essential Amino Acids
- Alanine, Arginine, Asparagine, Aspartic Acid, Cysteine, Glutamic Acid, Glutamine, Glycine, Proline, Serine, Tyrosine, Ornithine, Citrulline, Creatine, Selenocysteine
- Essential Amino Acids
- By Raw Material
- Plant-Based
- Animal Based
- By Livestock in Animal Feed
- Swine, Poultry, Cattle, Others
- By Application
- Animal Feed, Food & Dietary Supplements, Pharmaceuticals
7. Regional Analysis
- Americas' Amino Acids Market
- Exploration of Key Countries
- Europe's Amino Acids Market
- Detailed Insights into European Nations
- Middle East and Africa's Amino Acids Market
- In-Depth Exploration of MEA Region
- APAC's Amino Acids Market
- Comprehensive Analysis of Asian-Pacific Region
8. Competitive Landscape
- Comprehensive Competitive Quadrant
- Detailed Market Share Analysis
For more information about this report visit https://www.researchandmarkets.com/r/8h879c
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