The Global Amino
Acids Market is expected to reach USD 35.40 billion by 2022,
according to a new study by Grand View Research, Inc. Global increase in
livestock production on account of increasing meat consumption is expected to
remain a key driving factor for amino acids market over the next seven years.
Increase in dietary supplements demand owing to growing geriatric population
and improved health standards particularly in emerging markets of Asia Pacific
and Latin America is also expected to have a positive influence on the market growth.
Increase in flavor enhancing products such as aspartame derived from l-aspartic
acid and phenylalanine owing to increasing food & beverages consumption is
expected to fuel market growth further. Steady supply of key raw material is
expected to remain a key challenge for market participants over the forecast
period.
L-glutamic acid emerged as the
leading amino acid product segment and accounted for over 40% of total market
volume in 2014. Lysine, threonine, methionine and tryptophan are majorly consumed
feed additives for livestock production. Tryptophan is expected to be the
fastest growing amino acid with an estimated CAGR of 18.0% from 2015 to 2022.
Ban on bone meal across various regional markets is expected to remain a key
driving factor for this segment over the forecast period.
Global Amino Acids Market
Volume By Product, 2012 - 2022 (Kilo Tons)
Browse full research report on Amino Acids Market:
Further key findings from
the report suggest:
- Global amino
acids market demand was 6,582.0 kilo tons in 2014 and is expected to reach
10,117.5 kilo tons by 2022, growing at a CAGR of 5.6% from 2015 to 2022.
- Plants were
the leading source for manufacturing amino acids and accounted for 86.0%
of the total market volume in 2014. Animal based amino acids are expected
to grow at an estimated CAGR of 4.0% from 2015 to 2022.
- Animal feed
was the leading application segment and accounted for 52.5% of the total
market volume in 2014. It is also expected to witness the highest growth
of 6.2% from 2015 to 2022. Recent disease outbreak has prompted the demand
for amino acids in animal feed, which is expected to drive this segment.
Global amino acids demand for pharmaceuticals is expected to register a
growth of 5.6% from 2015 to 2022.
- Asia Pacific
dominated the global amino acids market and accounted for 49.4% of total
demand in 2014. Increasing livestock production particularly in China,
India and South East Asian countries is expected to drive the regional
market over the forecast period. Central & South America is expected
to witness the highest growth of 6.5% from 2015 to 2022. Increasing meat
consumption coupled with growing health awareness particularly in Brazil
is expected to drive the regional market.
- Global amino
acids market is highly competitive with presence of large scale and small
scale companies. Some major companies operating in the global amino acids
market include Ajinomoto Co., Cargill Inc., Evonik Industries AG, ADM,
Prinova U.S. LLC, Royal DSM. Other industry participants include Iris Biotech
GmbH, Nanjing Liang Chemical, Sunrise Nutrachem Group, Tokyo Chemical
Industry, Novus International Inc., Anaspec Inc., CJ Cheil Jedang
Corporation and Adisseo France SAS.
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-amino-acids-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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