Food Amino Acids Market
Food Amino Acids Market - Global Industry Assessment & Forecast
Segments Covered
- By Type Glutamic Acid , Lysine , Tryptophan, Methionine , Phenylalanine, Others
- By Application Infant Formula , Nutraceuticals & Dietary Supplements , Food Fortification , Convenience Food , Others
- By Source Plant-Based , Animal-Based , Synthetic
- By Region North America, Europe, Asia Pacific , Latin America, Middle East & Africa
Snapshot
Base Year: | 2022 |
Forecast Years: | 2023 - 2030 |
Historical Years: | 2017 - 2021 |
Revenue 2022: | USD 6.3 Billion |
Revenue 2030: | USD 10.38 Billion |
Revenue CAGR (2023 - 2030): | 7.4% |
Fastest Growing Region (2023 - 2030) | Europe |
Largest Region (2022): | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
The global Food Amino Acids Market is valued at USD 6.3 Billion in 2022 and is projected to reach a value of USD 10.38 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.4% between 2023 and 2030.
Premium Insights
The Food Amino Acids market is driven by the rising demand for amino acids as functional foods and the expanding use of glutamic acid as a taste enhancer in a variety of foods and beverages. Amino acids have a wide range of uses, from flavor development and preservation to serving as a nutrient or building block of protein to speciality substances like aspartame. These uses are anticipated to drive the industry. For improved performance during sports and physical activities, manufacturers are offering new products with vital amino acids. For instance, Ajinomoto's aminoVITAL is a cutting-edge sports nutrition product based on a special combination of plant-based amino acids that enhances athletes' peak performance. By employing amino acids to support cellular-level muscle recovery and repair, aminoVITAL products are specifically designed to help athletes improve their power, stamina, and recovery, which results in an immediate boost in energy and focus.
Food Amino Acids Market Size, 2022 To 2030 (USD Billion)
AI (GPT) is here !!! Ask questions about Food Amino Acids Market
- Increased use of amino acids is being driven by the rise of the sports nutrition sector, which is being fueled by the spike in interest in health, fitness, and sports-related activities. For instance, Arla Foods Ingredients' innovative launch of Lacprodan BLG-100 underscores the growing emphasis on enhancing amino acid content in food products to cater to the fitness and nutrition needs of consumers.
- Asia Pacific generated more than 38.5% of revenue share in 2022
- Europe is expected to grow at the quickest rate from 2023 to 2030
- Glutamic Acid segment accounted for the largest market growth. It contributed over 40.2% of the total revenue share in 2022 due to its widespread use as a natural flavour enhancer and increasing demand for food products containing glutamic acid.
- Nutraceuticals & Dietary Supplements segment revealed the most significant market growth, contributing more than 28.5% of the total revenue share in 2022
- Plant-Based segment accounts for largest revenue of 69.5% in 2022
Economic Insights
The Food Amino Acids has grown significantly. The demand for plant-based amino acids, which is predicted to account for roughly 45% of the market share by 2025 due to growing awareness of their health advantages, is one of the main drivers of this expansion. Due to its sizable and quickly expanding population, rising disposable incomes, and government assistance, Asia Pacific also dominates the market, accounting for significant market share. However, other elements that might affect profit margins and pricing tactics within a sector, such as shifting raw material costs and environmental issues, also have an impact on economic dynamics.
Report Coverage & Deliverables
Get Access Now
Top Market Trends
- Increasing demand for functional foods and beverages: More and more consumers are looking for meals and drinks that provide additional health advantages beyond just basic nutrition. Amino acids are being added to a wide range of foods and beverages to improve their nutritional content and offer health advantages like improved immune function, weight loss, and muscle growth.
- Growing popularity of dietary supplements: Amino acids are employed in dietary supplements to support overall health, cognitive function, and athletic performance. In the upcoming years, it is anticipated that demand for dietary supplements would increase even more, which will fuel the market for food amino acids.
- Technological advancements in amino acid production: Technology advancements in fermentation have made it possible to generate amino acids more cheaply and effectively. This has increased the availability and affordability of amino acids, which has also contributed.
- Rising awareness of the health benefits of amino acids: Consumers are becoming increasingly aware of the advantages amino acids provide for their health, including how they help the body grow and repair tissues, strengthen the immune system, and control metabolism. In the upcoming years, it is anticipated that this increased awareness will fuel demand for food amino acids.
Market Segmentation
Food Amino Acids The global Food Amino Acids market can be categorized into Type , Application , Source , Region. The Food Amino Acids market can be categorized into Glutamic Acid , Lysine , Tryptophan, Methionine , Phenylalanine, Others based on Type . The Food Amino Acids market can be categorized into Infant Formula , Nutraceuticals & Dietary Supplements , Food Fortification , Convenience Food , Others based on Application . The Food Amino Acids market can be categorized into Plant-Based , Animal-Based , Synthetic based on Source . The Food Amino Acids market can be categorized into North America, Europe, Asia Pacific , Latin America, Middle East & Africa based on Region.
Based on Type
Glutamic Acid holds the largest share
The Food Amino Acids market is expected to be dominated by the glutamic acid segment because it performs a dual function as a natural taste enhancer frequently used in food and beverages as well as a non-essential amino acid because the body can generate it. It is a common ingredient in the culinary world due to its wide availability and affordability, where it plays a crucial role in enhancing the flavor of numerous foods and beverages.
Based on Application
Nutraceuticals & Dietary Supplements will dominate the market during Forecast Period
The nutraceuticals and dietary supplements segment is anticipated to dominate the Food Amino Acids market. This is because amino acids are increasingly in demand as functional components of nutraceuticals and dietary supplements. Nutraceuticals and dietary supplements that contain amino acids can help with immunological function, weight loss, and a number of other health issues.
Based on Source
Plant-Based will account for largest market share
In terms of source, Plant-Based are anticipated to hold the greatest market share for Food Amino Acids due to rise in response to the growing desire for plant-based diets, which is being fueled by worries about animal welfare, environmental sustainability, and individual health. Plant-based amino acid sources, such as soybeans, wheat, corn, and peas, are more widely available and less expensive than animal-derived alternatives, making them a desirable option. Significant technological developments in the manufacture of plant-based amino acids have resulted in goods that are purer and more reliable, increasing their appeal to discerning consumers.
Based on Region
Asia Pacific will lead the market
Asia Pacific is expected to dominate the market for Food Amino Acids due to the region has the largest and fastest-growing population in the world, which increases demand for food and drink and, as a result, increases the demand for food amino acids. Consumer demand in Asia Pacific is anticipated to be stimulated by a growing knowledge of the numerous health benefits associated with amino acids, including their critical roles in tissue repair, immune system strengthening, and metabolic control. Growing levels of disposable income in the region are encouraging consumers to spend more money on upscale goods, particularly those that are fortified with food amino acids.
Competitive Landscape
The global Food Amino Acids market is fragmented, including a diverse array of the presence of several key players, players are continually focused on expanding their product portfolios and enhancing production technologies. They often engage in strategic collaborations, mergers, and acquisitions to strengthen their global presence and diversify their offerings. Additionally, there is a growing emphasis on research and development to create novel amino acid formulations and cater to evolving consumer demands, such as the rising interest in plant-based and clean-label products.
The players in the global Food Amino Acids market include Ajinomoto Co. Inc., Kyowa Hakko Kirin Co. Ltd, Sigma-Aldrich Co. LLC., Prinova Group LLC., Daesang Corporation, Evonik Industries, AMINO GmbH, Bill Barr & Company, IRIS Biotech GmbH, Taiwan Amino Acids Co. Ltd. among others.
Recent Market Developments
- 2022: According to CJ BIO, a major provider of amino acids in South Korea, a substitute for plant sustenance and protection is being developed.
Segmentation of the Global Food Amino Acids Market
Parameter | Details |
---|---|
Segments Covered |
By Type
By Application
By Source
By Region
|
Regions & Countries Covered |
|
Companies Covered |
|
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis |
Pricing and purchase options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
FAQ
Frequently Asked Question
What is the global demand for Food Amino Acids in terms of revenue?
-
The global Food Amino Acids valued at USD 6.3 Billion in 2022 and is expected to reach USD 10.38 Billion in 2030 growing at a CAGR of 7.4%.
Which are the prominent players in the market?
-
The prominent players in the market are Ajinomoto Co. Inc., Kyowa Hakko Kirin Co. Ltd, Sigma-Aldrich Co. LLC., Prinova Group LLC., Daesang Corporation, Evonik Industries, AMINO GmbH, Bill Barr & Company, IRIS Biotech GmbH, Taiwan Amino Acids Co. Ltd..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 7.4% between 2023 and 2030.
What are the driving factors fueling the growth of the market.
-
The driving factors of the Food Amino Acids include
- Growing consumer awareness about the health benefits of amino acids in food products
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Food Amino Acids in 2022.