by The amino acid market comprises amino acids that are organic compounds containing amine (-NH2) and carboxyl (-COOH) functional groups, along with a side chain (specific to each amino acid). Amino acids are an essential nutrient element for maintaining the proper functioning of the human body. They are used to form proteins and facilitate biological processes, metabolism, transport of nutrients, cell signaling, and more. The global food and beverage industry’s rising demand for protein-rich food items is the primary driver of the amino acid market.
The global amino acid market is estimated to be valued at US$ 31.57 Mn in 2024 and is expected to exhibit a CAGR of 4.5% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the amino acid market are ADM (U.S.), Olam International Limited (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (U.S.), John B. Sanfilippo & Son (U.S.), Kanegrade (U.K.), Borges Agricultural & Industrial Nuts (Netherlands), Savencia SA (France), The Wonderful Company (U.S.), Harris Woolf California Almonds (U.S.), Treehouse California Almonds (U.S.), Döhler GmbH (Germany), Royal Nut Company (Australia), Repute Foods Pvt. Ltd (India), Deep Nuts N Flavors LLP (India), Shivam Cashew Industry (India), Modern Ingredients (India), ConnOils LLC (Wisconsin), Valley Harvest Nut Company (U.S.).
Key opportunities in the market include increasing product launches catering to specific Amino Acids Market Demand requirements and growing demand from infant formula manufacturers. Globally, the market is expanding with rising health and wellness trends promoting protein-rich diets.
Market Drivers:
The increasing demand for processed and packaged food items containing extra protein is a major driver for the amino acid market. Food items like protein bars, shakes, and snacks use amino acids as an essential ingredient. According to projections, the global demand for packaged food items will grow at a CAGR of over 7% between 2020-2025. This rising demand from the food and beverage industry for protein enrichment is expected to propel the amino acid market.
PEST Analysis
Political: The amino acid market players have to comply with stringent government regulations for manufacturing standards, quality certifications and environmental policies related to amino acid production and processing.
Economic: Changes in macroeconomic factors such as GDP growth, disposable income levels and demand from end-use industries impact the performance of the amino acid market.
Social: Growing consumer health awareness regarding protein intake drives the demand for amino acid enriched dietary supplements and functional foods.
Technological: Advancements in fermentation technologies help optimize amino acid fermentation yields. Emerging techniques for extraction and purification of amino acids from plant-based and animal-based sources aid market growth.
The amino acid market in terms of value is majorly concentrated in Asia Pacific and North America regions. The high demand from food & beverage, pharmaceutical and animal feed industries in China, India, Japan and U.S. contributes significantly to the large market size of the Asia Pacific and North American regions for amino acids.
The MEA region is considered as one of the fastest growing regional markets for amino acids. Factors such as the rising demand for healthier, natural and clean-label food products along with increasing per capita food expenditure in the region are fueling the demand for various types of amino acids from the food and beverage industry in the Middle East and African countries. The growing feed production in the developing countries of Africa to meet the demand for animal protein is also driving market growth.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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