Food Amino Acids Market Overview:
The global food amino acids market is expected to grow at a robust 7.2% CAGR over the forecast period from 2023 to 20232, according to the latest research report from Market Research Future (MRFR). The global Food Amino Acids Market Share is expected to reach a valuation of USD 53.2 billion by 2032, according to the report. The global food amino acids market is profiled in great detail in the research report, providing readers with a comprehensive overview of the market through its historical growth trajectory, present conditions, and future growth prospects. The historical stats of the food amino acids market are detailed in the report, in order to provide readers with a complete overview of the market’s historical growth trajectory. The historical stats provided in the report also give analysts a solid platform to base future projections about the market. Based on this platform, future projections for the food amino acids market’s growth trajectory over the forecast period are provided in the report. The leading players in the global food amino acids market are also profiled in the report in order to give readers a comprehensive analysis of the leading players in the global food amino acids market. The major drivers and restraints affecting the global food amino acids market are also profiled in the report to provide readers a comprehensive overview of what’s making the market tick and what is holding the market back.
Food amino acids are used in nutraceuticals and dietary supplements to increase the body’s store of amino acids. Amino acids are necessary for various bodily processes. The major amino acids include tryptophan, lysine, isoleucine, histidine, and others. These amino acids can be both naturally sourced and synthetically produced. Currently, synthetically produced amino acids are the dominant form of amino acids used in food products. However, the demand for naturally sourced, plant-based amino acids is growing rapidly, as consumers are becoming increasingly concerned about the adverse effects of synthetic products. This has led to a growing demand for plant-based products in various applications.
The rising demand for food supplements and nutraceuticals is also likely to be a major driver for the global food amino acids market over the forecast period. Dietary supplements have become important for urban consumers, who may lack the time and wherewithal to make nutritious meals all the time. This has led to growing consumption of dietary supplements, which supplement the consumer’s diet and provide them with crucial nutrients that their meals may not provide. The increasing health awareness among consumers and the growing geriatric population are also major drivers for the global dietary supplements market. This is likely to be a major driver for the global food amino acids market over the forecast period.
Competitive Leader board:
Leading players in the global food amino acids market include Ajinomoto Co. Inc., Kyowa Hakko Kirin Group, Evonik Industries AG, Sigma-Aldrich Corporation, Prinova Corporation, Daesang Corporation, Qingdao Samin Chemical Co. Ltd., Hugestone Enterprise Co. Ltd., Brenntag AG, Pangaea Sciences Inc., Kingchem Inc., Pacific Rainbow International Inc., and Taiyo International.
Segmentation:
The global food amino acids market is segmented on the basis of product type, source, application, and region.
By product type, the global food amino acids market is segmented into lysine, glutamic acid, methionine, tryptophan, and others.
By source, the global food amino acids market is segmented into plant, animal, and synthetic. The synthetic segment dominates the global food amino acids market. However, the plant segment is likely to grow at a rapid growth rate over the forecast period due to the growing demand for plant-based additives in the dietary supplements market.
By application, the global food amino acids market is segmented into nutraceuticals and dietary supplements, infant formula, food and beverage fortification, convenience foods, and others.
Regional Analysis:
Asia Pacific holds the largest share in the global food amino acids market due to the growing demand for dietary supplements from the region’s urban population. North America is also an important regional Food Amino Acids Market Trends.
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