Global Amino Acids Market to Reach 16.8 Million Tons by 2032, Impelled by Increasing Demand for Nutraceuticals

March 16, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled "Amino Acids Market Report by Type (Glutamic Acids, Lysine, Methionine, Threonine, Phenylalanine, Tryptophan, Citrulline, Glycine, Glutamine, Creatine, Arginine, Valine, Leucine, Iso-Leucine, Proline, Serine, Tyrosine, and Others), Raw Material (Plant Based, Animal Based), Application (Animal Feed, Food, Healthcare), and Region 2024-2032," the global amino acids market size reached 11.4 Million Tons in 2023. Amino acids are organic compounds that are composed of amine and carboxylic acid functional groups. They are the building blocks of proteins, which are the essential molecules of life. They are classified as essential or nonessential which is based on their capability of being synthesized in the human body or obtained from dietary sources. Additionally, they are significant components of enzymes and hormones that help to regulate water balance, are necessary for proper immune system functioning, and are involved in the synthesis of neurotransmitters. Some of the common dietary sources of amino acids include meat, poultry, fish, eggs, dairy products, legumes, nuts, and seeds.

Global Amino Acids Market Trends:

The global market is majorly driven by the growing health consciousness among the masses. This is encouraging leading manufacturers to develop products fortified with essential nutrients, thereby increasing their demand. Additionally, the rising use of amino acids as flavor enhancers, preservatives, and nutritional additives is a major driving factor for the market. In line with this, the growing consumption of supplements on account of the escalating popularity of health and wellness trends is providing a boost to the market. Coupled with this, the increasing demand for sports nutrition products among individuals is significantly supporting the market as these products are formulated with contain amino acids, which are essential for muscle growth and repair. In addition, amino acids are used in the production of various drugs, vitamins, and supplements due to the rising prevalence of complex diseases among the masses, which is positively influencing the market. Apart from this, the widespread adoption of amino acids in the manufacturing of various personal care products, such as shampoos, conditioners, and moisturizers, is acting as a growth-inducing factor. Moreover, continuous advancements in the field of biotechnology to develop proteinogenic amino acids, which are integrated into proteins during translation, are creating a positive market outlook. On account of the aforementioned factors, the market is anticipated to reach a volume of 16.8 Million Tons by 2032, exhibiting a CAGR of 4.2% during 2024-2032.

Market Summary:

On the basis of the type, the market has been segmented into glutamic acid, lysine, methionine, threonine, phenylalanine, tryptophan, citrulline, glycine, glutamine, creatine, arginine, valine, leucine, iso-leucine, proline, serine, tyrosine, and others.
Based on the analytics type, the market has been classified into plant and animal based.
On the basis of the application, the market has been categorized into animal feed, food and healthcare.
Based on the region, the market has been bifurcated into Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include AjinomotoCo., Inc., Kyowa Hakko Bio. Co. Ltd., Amino GmbH, Bill Barr & Company, Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker Chemie AG , CJ CheilJedang Corp., Donboo Amino Acid Co., Ltd., Evonik Industries AG, and Archer-Daniels-Midland Company.

Report Scope:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion, Million Tons
Segment Coverage	Type, Raw Material, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	AjinomotoCo., Inc., Kyowa Hakko Bio. Co. Ltd., Amino GmbH , Bill Barr & Company, Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., BI Nutraceuticals, Sichuan Tongsheng Amino acid Co., Ltd, Wacker Chemie AG , CJ CheilJedang Corp., Donboo Amino Acid Co., Ltd., Evonik Industries AG, and Archer-Daniels-Midland Company
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Global Amino Acids Market to Reach 16.8 Million Tons by 2032, Impelled by Increasing Demand for Nutraceuticals

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