What is Amino Acids Market Scope?
Amino Acids is one of the vital chemical used in manufacturing variety of products including animal feed, food & beverages, pharma & health care, nutraceuticals, cosmetics & personal care, and many others. The human body is contains almost 20% of proteins and amino acids plays an important role in building blocks of protein, the amino acids will significantly assist animal food as well as foods & beverage manufacturing.
The Amino Acids market study is being classified by Type (L-Glutamic Acid/MSG, L-Lysine, Methionine, L-Threonine, L-Tryptophan, Glycine, L-Phenylalanine and L-Aspartic Acid), by Application (Animal Feed, Food & Beverages, Pharma & Health Care, Nutraceuticals, Cosmetics & Personal Care and Others) and major geographies with country level break-up. According to AMA, the Global Amino Acids market is expected to see growth rate of 6.2% and may see market size of USD42.6 Billion by 2026.
Analysts at AMA predicts that Vendors from Asia Pacific will contribute to the maximum growth of Global Amino Acids market throughout the predicted period.
Ajinomoto Co., Inc. (Japan), Adisseo France S.A.S (France), Archer Daniels Midland Company (United States), Chongqing Unisplendour Chemical Co., Ltd. (China), CJ CheilJedang Corporation (South Korea), Daesang Corporation (South Korea), Evonik Industries AG (Germany), Fufeng Group Company Limited (China), Global Bio-Chem Technology Group Company Limited (Hong Kong) and Hebei Donghua Chemical Group (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Kyowa Hakko Bio Co., Ltd. (Japan), Linghua Group Limited (China), Meihua Holdings Group Co., Ltd. (China), Newtrend Group (China), Nippon Rika Co., Ltd. (Japan), Novus International, Inc. (United States), Shijiazhuang Donghua Jinlong Chemical Co., Ltd. (China), Sumitomo Chemical Company, Limited (Japan) and Vedan International (Holdings) Limited (Vietnam).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Amino Acids market by Type, Application and Region.
On the basis of geography, the market of Amino Acids has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On November 19, 2018, Ajinomoto Co., Inc. has entered into an agreement to transfer 100% of the shares of Amoy Food Ltd. Moreover, Ajinomoto Co. will be subscribing 15% shares of CITIC Capital Asian Foods Holdings Limited to start a joint venture.
On November 16, 2018 – Ajinomoto Co. Inc. has announced that, “it will be constructing a new production line at its Tokai Plant for amino acid-based surfactants (flakes), mainstay products of its personal care ingredients. The respective operation will start in December 2018. As a result, Ajinomoto Co.’s overall production capacity for flakes will increase approximately 70%, enabling it to meet rapidly growing demand for amino acid-based surfactants and to strengthen its supply system. In addition this, on
According to Food and Drug Administration, “Federal law requires that every dietary supplement be labeled as such, either with the term "dietary supplement" or with a term that substitutes a description of the product's dietary ingredient(s) for the word "dietary" (e.g., "herbal supplement" or "calcium supplement").” In addition to this,” FDA has obligated that all the dietary supplement firms must report to FDA any serious adverse events that are reported to them by consumers or health care professionals.”
Influencing Market Trend
- Increasing Demand Low Calorie Artificial Sweeteners in Food and Beverage Industry
- Growing Applications in Pharmaceutical Industry
Market Drivers
- Minimizes Volatility in Human Body Protein Contents
- Increasing Health-Consciousness among Consumers
Opportunities
- Introduction to Protein Rich Food, Beverages as well as Animal Foods
- Growing Opportunities for Amino Acids in Aquaculture Industry
Restraints
- Excessive Use of Dietary Supplements might cause Loss of Appetite
- Some Amino Acid Contained Pharmaceutical Products might Cause Brain Disorders
Challenges
- Increasing Prices of Protein Contained Foods
Key Target Audience
Amino Acid Providers, Dietary Supplement Manufacturers, Food and Beverages Industry, Pharma & Health Care Organizations, Cosmetics & Personal Care Manufacturers, Government Organizations and Others
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