About Food Amino Acids
Food amino acids are defined as the ingredients which are used across numerous sectors of the food industries. It is widely used as a food additive which not only improves the flavor but also acts as imparts energy to the body. It helps to build muscles in the human body and cure digestive problems. It is widely used as sports nutrition product in order to gain muscle. Rising disposal income among middle-class families and changing consumer preference are likely to be a prime driver for the global food amino acids market
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The food amino acid is highly fragmented with the presence of various players. Some of the major players in the market are Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (United States), Prinova Group LLC (United States), among others Analyst at AMA Research estimates that United States and Germany Vendors will contribute the maximum growth to Global Food Amino Acids market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (United States), Prinova Group LLC (United States), Brenntag AG (Germany), CJ Cheil Jedang (South Korea), Kyowa Hakko Kirin Co., Ltd (Japan), Evonik Industries (Germany), Sumitomo Chemical Co., Ltd (Japan), Sigma-Aldrich Corporation (United States) and Amino GmbH (Germany) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Pacific Rainbow International, Inc. (United States), Monteloeder S.L. (Spain), Taiyo international (Japan), Sunrise Nutrachem Group (China) and Rochem International Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Food Amino Acids market by Type (Glutamic Acid, Valine, Tryptophan, Leucine, Methionine, Phenylalanine, Lysine and Others), Application (Food Additives, Dietary Supplements, Nutraceuticals, Infant Food Formula, Pharmaceuticals and Others) and Region.
On the basis of Type, Glutamic Acid are dominating the market in the year 2023On the basis of application, Nutraceuticals segment is dominating the market in the year 2023On the basis of geography, the market of Food 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). Asia-Pacific region held largest market share in the year 2023. North America, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Source, the sub-segment i.e. Plant will boost the Food Amino Acids market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
One of the Latest Trend of this Market are Developing Technologies in the Food Sector
Market Growth Drivers:
Increasing Usage of Innovative Food Products with High Nutritional Value Worldwide and Rising Health Consciousness among the Consumers and Rising Demand for Glutamic Acid as Flavor Enhancer
Challenges:
Increasing Usage of Multi-Page Labeling and Negative Perception of Consumers
Restraints:
High Cost Involved in R&D Activities & Production Resulting in High Prices
Opportunities:
Growing Demand from Emerging Market such as China, India, Brazil, Philippines, among others
Market Leaders and their expansionary development strategies
In September 2021, Prinova Group LLC , a NAGASE Group Company, has entered into a definitive agreement to acquire industry expert The Ingredient House, LLC (“TIH”). TIH has a significant presence in the sweetener, polyol and specialty ingredient sectors both in the U.S. and internationally. This purchase represents another stride forward in Prinova’s long history of growth in the ingredient distribution space.
In November 2022, DSM, a global purpose-led science-based company, has announced the launch of Vertis CanolaPRO, a high-quality canola protein isolate. This milestone follows more than 10 years of research and development at DSM to unlock the healthy protein from the canola seed and produce it at scale for the food industry.
Key Target Audience
Food Amino Acids Manufacturers, Dietary Supplements Manufacturers, Retailers and Wholesalers and Traders, Importers and Exporters
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.