Food grade amino acid Market -Global Industry Overview by Size, Share, Scope, and Growth Factors up to 2029
Food grade amino acid can help you recover faster from exhaustion, increase your stamina and ability to focus, and lessen muscle discomfort. The use of amino acids in the treatment of metabolic diseases is also beneficial. As a result, manufacturers are putting more emphasis on expanding their amino acid manufacturing plants in order to keep up with the rising demands for Food grade amino acid.
According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the market for Food Amino Acids was valued at USD 4.9 billion in 2017 and is expected to increase at a CAGR of 7.7% from 2018 to 2022, reaching USD 6.6 billion. In 2032, the global market for Food Amino Acids is expected to be worth USD 11.6 billion.
Because amino acids are mostly derived from plant-based natural resources, growing consumer demand for organic products may stimulate industry growth for amino acids. Soybean, corn, and wheat-based goods are widely used in food and beverage, infant formula, and nutraceutical industries due to the increased demand for naturally derived products.
Key Takeaways from Market Study
• The UK food amino acid market is estimated to increase at a CAGR of 5.6 percent between 2022 and 2032. Improved demand for animal-derived items, a greater level of living, increased public awareness of meat safety and quality, and recent illness outbreaks in cattle have all contributed to the growth of the food amino acid industry.
• China has the greatest share in the Asia-Pacific region, accounting for 45 percent of total revenue in 2022. Because of the rise in consumer spending power as a result of China’s economic development, there has been a surge in demand for high-quality processed foods, which has boosted the demand for Food grade amino acid.
• In 2022, glutamic acid had the largest market share, and it is expected to increase at a CAGR of 6.6 percent over the forecast period. This is due to an increase in the usage of Food grade amino acid as a flavor enhancer in a wide range of foods and beverages, such as snacks, dressings, and soups.
• The infant formula segment will expand at a CAGR of 2.1 percent from 2022 to 2032. Because of their ease of absorption and high nutritional content, several amino acids are employed in the production of infant formula.
• “Customers are increasingly requesting items that do not modify calcium, vitamin, or mineral qualities. One of the greatest driving drivers for the market has been the ever-increasing usage of amino acids as supplements to increase metabolism and wellness in humans, as well as their application in cattle hormone synthesis.”says a lead analyst at Future Market Insights.
Who is Winning?
Because of the health benefits provided by amino acids, the demand for amino acids for various nutraceuticals and dietary supplements is expected to drive the Food grade amino acid Market. The wide range of applications for amino acids such as glutamic acid, ranging from flavoring, preservation, nutritional component/building block of protein, to specialty ingredients such as aspartame, is expected to drive expansion.
For example, in 2021, Kemin Industries launched Toxfin Care in Europe, a unique solution aimed at preventing loss of efficiency and productivity by preserving animal organs and tissue from probable mycotoxins harm. Infected feed is a major concern in the livestock nutrition and health business; hence mycotoxin management is essential in every livestock diet. Kemin aims to boost the immune system, protecting poultry, pigs, and ruminants, from the not-so-obvious negative effects of mycotoxins.
Some of the leading companies offering Food grade amino acid are Ajinomoto Co. Inc., Kyowa Hakko Kirin Co., Ltd., Sigma-Aldrich, Co. LLC., Kemin Industries, Prinova Group LLC., and Daesang Corporation.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Food grade amino acid market presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.
The study divulges compelling insights on Food grade amino acid based on type (lysine, glutamic acid, methionine, tryptophan, and others), source (plant-based, animal-based, and synthetic), application (nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others), and distribution channel (direct and indirect {pharmacy stores, e-retailers, specialty stores, and supermarkets}) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Access Full Report: https://www.futuremarketinsights.com/reports/food-amino-acids-market