Vietnam Food Amino Acids Market, By Type (Glutamic Acid, Lysine, Tryptophan, Methionine, Phenylalanine and Others), By Source (Plant-Based Amino Acids, Animal-Based Amino Acids and Synthetic Amino Acids), By Application (Nutraceuticals & Dietary Supplements, Infant Formula, Food Fortification, Convenience Food and Others), By Company and By Geography, Forecast & Opportunities, 2023

Vietnam Food Amino Acids Market is expected to post stable growth by 2023, owing to the growing popularity of plant based amino acids. Increasing consumer concerns over animal-based proteins, vegetarian population and health benefits associated with plant proteins are likely to drive the growth of the market by 2023. Moreover, the rising use of glutamic acid as a flavour enhancer in jams, soups etc is expected to drive the growth of the market further. Additionally, the increasing use of functional and fortified foods is likely to drive the market for Food Amino Acids by 2023. Foods like flour, breads etc are fortified with amino acids to increase the protein content and reduce the calorific value for weight loss management and muscle building. Based on the type, the glutamic-acid segment is expected to grow at the highest CAGR by 2023, 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, nutraceutical and dietary supplements leads 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.

Years considered for this report

Historical Years2013-2016

Base Year2017

Estimated Year2018

Forecast Period2018–2023

Objective of the Study

• To analyse and forecast the market size of Vietnam Food Amino Acids Market, in terms of value.
• To classify and forecast Vietnam Food Amino Acids based on type, source, application and regional distribution.
• To identify drivers and challenges for Vietnam Food Amino Acids Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Food Amino Acids Market.
• To conduct the pricing analysis for Vietnam Food Amino Acids Market.
• To identify and analyse the profile of leading manufacturers in the Vietnam Food Amino Acids Market.

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Some of the leading players in the Vietnam 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.

Market insights research

Market insights research calculated the market size of Vietnam

Key Target Audience

• Food Amino Acids Manufacturers
• Food Amino Acids Dealers, Distributors and Suppliers
• Regulatory organizations.
• Raw material suppliers and distributors.
• Research organizations and consulting companies.
• Market research and consulting firms.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.