Global food amino acids market is expected to register a formidable rate during the forecast period, 2023-2027. Different kinds of amino acids are widely used in food supplements to help with medical conditions and disorders. With growing health consciousness among consumers, the demand for dietary supplements and functional foods is proliferating. The market growth can be attributed to the growing awareness regarding health and nutrition among consumers. Moreover, the increasing demand for amino acids as functional food along with the rising adoption of glutamic acid as a flavour enhancer in various foods and beverages is anticipated to propel the growth of the market in the next five years. Besides, surge in demand for processed and convenience foods and emergence of supplements that can help with weight loss and reduce fatigue are expected to drive the growth of the global food amino acids market during the forecast period.
The global food amino acids market is segmented on the basis of type, source, application, and region. Based on type, the market is divided into glutamic acid, lysine, tryptophan, methionine, phenylalanine, and others. The glutamic-acid segment is expected to grow at the highest CAGR by 2027 due to its various health benefits and extensive use as an additive, flavour enhancer in snacks, sauces, and ready-to-eat soups. Based on application, the market is divided into nutraceuticals & dietary supplements, infant formula, food fortification, convenience food and others. The nutraceutical & dietary supplements is leading the market and is expected to maintain its position during the forecast period, owing to the rising popularity of functional foods and nutraceuticals to maintain a healthy lifestyle. Geographically, the Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period due to growing demand for functional foods and beverages from health-conscious consumers in emerging economies like India and China.
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Some of the leading players in the global food amino acids market are Ajinomoto Co., Inc., Kyowa Hakko Kirin Group, Evonik Industries, Sigma-Aldrich, Prinova Group LLC, Daesang Corporation, Shaoxing Yamei Biotechnology Co., Ltd, Qingdao Samin Chemical Co., Ltd., Hugestone Enterprise Co., Ltd., Brenntag AG, etc.
| Attribute | Details |
| Historic Data | 2017 – 2020 |
| Estimated Year | 2022 |
| Forecast Period | 2023 – 2027 |
| Quantitative Units | Revenue in USD Million, Volume in Units, CAGR for 2017-2021 and 2022-2027 |
| Report coverage | Revenue Forecast, Volume Forecast, Company Share, Competitive Landscape, Growth Factors, And Trends |
| Segments covered | · By Type · By Source · By Application |
| Region scope | Asia Pacific; Europe; North America; South America; Middle East & Africa |
| Country scope | China, India, Japan, South Korea, Australia, Singapore, Malaysia, France, Germany, United Kingdom, Italy, Spain, United States, Canada, Mexico, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE, Qatar |
| Key companies profiled | Ajinomoto Co., Inc., Kyowa Hakko Kirin Group, Evonik Industries, Sigma-Aldrich, Prinova Group LLC, Daesang Corporation, Shaoxing Yamei Biotechnology Co., Ltd, Qingdao Samin Chemical Co., Ltd., Hugestone Enterprise Co., Ltd., Brenntag AG |
| Customization scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
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| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
