Amino Acid Market 2024 | Analysis, Regional Outlook, Current Trends, Market Share & Forecast To 2033

April 07, 2024

Overview and Scope

The amino acid are used for animal as well as human nutrition. Amino acids consist of an acidic carboxyl group (COOH), a basic amino group (NH2), and an organic R group that is unique to each amino acid. Amino acids refer to the basic elements of proteins and are found in red meat, seafood, eggs, dairy products, and soy products. It helps to improve the immune system, combat arthritis and cancer, and cure tinnitus and rectal ailments. These are useful in the synthesis of neurotransmitters and hormones in the human body.

Sizing and Forecast

The amino acid market size has grown strongly in recent years. It will grow from $26.7 billion in 2023 to $29.12 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. </b> The growth in the historic period can be attributed to nutritional supplements, pharmaceutical applications, animal feed and agriculture, processed foods and flavor enhancers biotechnology and research, amino acid fortification,.

The amino acid market size is expected to see strong growth in the next few years. It will grow to $41.04 billion in 2028 at a compound annual growth rate (CAGR) of 9.0%. The growth in the forecast period can be attributed to plant-based and vegan diets, sports nutrition, amino acid-based pharmaceuticals, precision agriculture, biomanufacturing and biotechnology. Major trends in the forecast period include personalized nutrition, functional amino acids, bioavailability enhancement, clean label products, biotechnological advances.

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Segmentation & Regional Insights

The amino acid market covered in this report is segmented –

1) By Type: Histidine, Isoleucine, Leucine, Glutamate, Lysine, Methionine, Threonine, Other Types

2) By Source: Animal-Based, Plant-Based

3) By Application: Animal Feed, Food and Beverages, Pharma and Health Care, Nutraceuticals, Cosmetics and Personal Care, Other Applications

Top Major Players

Evonik Industries AG

Daesang Corporation

Sunitomo Chemical Co. Ltd.

Archer-Daniels-Midland Company

Amino GmbH

Asia-Pacific was the largest region in the amino acid market in 2023. Europe was the second largest region in the amino acid market. The regions covered in the amino acid market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

Rising health consciousness among the population is expected to propel the growth of the amino acid market going forward. Health consciousness refers to the extent to which individuals tend to take action towards taking care of their health. Health-conscious people take amino acids as part of their diet to improve their immunity. For instance, according to an online survey conducted by the Times of India, an Indian-based daily newspaper, in 2021, 70% of the participants stated that they have prioritized dietary lifestyle changes such as eating healthy nutrient-rich food, and 65% of respondents also indicated their increased reliance on nutritional experts to help achieve their goals. Therefore, the rising health consciousness is driving the growth of the amino acid market.

Key Industry Players

Major companies operating in the amino acid market include Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc., Fufeng Group Company Limited, Ajinomoto Co. Inc., Kyowa Hakko Bio Co. Ltd., Novus International Inc., Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., Sekisui Medical Co. Ltd., Koninklijke DSM NV, Kemin Industries Inc., Evonik Industries AG, Phillip Brothers Chemicals Inc., Mitsubishi Tanabe Pharma Corp., Nippon Kayaku Seizo Co. Ltd., Wacker Chemical Corporation, Creative Enzymes, Asiamerica Group Inc., CJ CheilJedang Corp., Novus International Inc., Royal DSM N.V., Carbolution Chemicals GmbH, Welding GmbH & CO. KG, Ryss Lab Inc., Meihua Holdings Group Co. Ltd., Fufeng Group Company Limited, Shandong Yangcheng Biotech Co. Ltd., Sichuan Tongsheng Amino Acid Co. Ltd., Tianjin Tianan Pharmaceuticals Co. Ltd.

The amino acid market report table of contents includes:

1. Executive Summary

2. Amino Acid Market Characteristics

3. Amino Acid Market Trends And Strategies

4. Amino Acid Market - Macro Economic Scenario

5. Global Amino Acid Market Size and Growth

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31. Global Amino Acid Market Competitive Benchmarking

32. Global Amino Acid Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Amino Acid Market

34. Amino Acid Market Future Outlook and Potential Analysis

35. Appendix