The global food amino acids market is expected to grow at a robust 7.5% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global food amino acids market is expected to reach a valuation of USD 6.81 billion by 2024, according to the report. The global food amino acids is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the food amino acids industry are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the food amino acids industry growth trajectory over the forecast period are provided in the report. The leading players in the global food amino acids industry are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global food amino acids market. The major drivers and restraints affecting the global food amino acids industry are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Food amino acids are used in nutraceuticals and dietary supplements to increase the body’s store of amino acids. Amino acids are necessary for various bodily processes. The major amino acids include tryptophan, lysine, isoleucine, histidine, and others. These amino acids can be both naturally sourced and synthetically produced. Currently, synthetically produced amino acids are the dominant form of amino acids used in food products. However, the demand for naturally sourced, plant-based amino acids is growing rapidly, as consumers are becoming increasingly concerned about the adverse effects of synthetic products. This has led to a growing demand for plant-based products in various applications.
Leading players in the global food amino acids industry include Ajinomoto Co. Inc., Kyowa Hakko Kirin Group, Evonik Industries AG, Sigma-Aldrich Corporation, Prinova Corporation, Daesang Corporation, Qingdao Samin Chemical Co. Ltd., Hugestone Enterprise Co. Ltd., Brenntag AG, Pangaea Sciences Inc., Kingchem Inc., Pacific Rainbow International Inc., and Taiyo International.
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The global food amino acids market is segmented on the basis of product type, source, application, and region.
By product type, the global food amino acids market is segmented into lysine, glutamic acid, methionine, tryptophan, and others.
By source, the global food amino acids market is segmented into plant, animal, and synthetic. The synthetic segment dominates the global food amino acids market. However, the plant segment is likely to grow at a rapid growth rate over the forecast period due to the growing demand for plant-based additives in the dietary supplements market.
By application, the global food amino acids market is segmented into nutraceuticals and dietary supplements, infant formula, food and beverage fortification, convenience foods, and others.
Asia Pacific holds the largest share in the global food amino acids market due to the growing demand for dietary supplements from the region’s urban population. North America is also an important regional market for food amino acids.
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