Global Amino Acids is expected to grow at a CAGR of 8.60% to reach $8.02 billion by 2022
The Global Amin- Acids market accounted for $4.5 billion in 2015 and is expected to grow at a CAGR of 8.60% to reach $8.02 billion by 2022. The factors such as increasing meat consumption and huge livestock production such as cattle, and swine are anticipated to propel the animal feed additives demand which in turn drives global amin- acids market. Moreover, shift in trend towards dietary supplements consumption and increasing health consciousness among consumers is expected to fuel amin- acids demand. However, tight supply of raw materials such as soybean, corn, and wheat is estimated to inhibit the market growth.
L-Glutamate was the dominating product and accounted for about 50% of the market volume in 2015. Plantobased raw materials segment is the major source of amin- acids during the forecast period. Arrival of innovative plant based and animal based acids is anticipated to offer major opportunities to industry participants. Asia Pacific market dominated the global demand in 2015 and is anticipated to continue its supremacy over the recent years. Population growth and rising per capita disposable income, particularly in promising countries of Asia Pacific such as India and China are anticipated to boost animal feed additives demand which in turn drives amin- acids market growth.
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Key Company Profiles Analysis
Some of the key players in the amin- acids market include Ajinomoto, Arkema, Divis Laboratories, Evonik Industries, H.J. Baker & Bro, Jinzhou Jirong Amin- Acid, Novus International, Sisc- Research Laboratories, Sumitom- Chemical, Vitamin Research Products, Cargill Inc, Royal DSM, Novus International Inc., Kyowa Hakk- Bio. Co. Ltd., Shanxi Sciphar Hi-tech Industry Co. Ltd., Sunrise Nutrachem Group, and Kemin Europa.
Products of Amin- Acids Covered:
- L-Glutamate
- Threonine
- Tryptophan
- Iso-Leucine
- Leucine
- Valine
- Tyrosine
- Serine
- Phenylalanine
- Lysine
- Arginine
- Citrulline
- Creatine
- Glutamine
- Glycine
- Proline
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Sources Covered:
- Animal-based
- Plantobased
Applications Covered:
- Active Pharmaceutical Ingredients (APIs)
- Dietary Supplement
- Pharmaceuticals
- Food & Beverages
- Others
Report Offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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