Healthy Market for Meat and Nutraceuticals Drive the Global Amino Acids Market.

The global market for Amino Acids is projected to exceed US$29 billion by 2024, driven by sustained demand for amino acids in nutraceuticals and increasing demand for animal feed additives driven by growing meat consumption.

Amino acids are the building blocks of human body. An amino acid is an organic molecule that forms the framework for proteins. Of late, amino acids have gained widespread popularity as nutritional supplements for humans. Animal feeds market is the principal contributor to the growing worldwide demand for amino acids. Health foods and dietary supplement products are becoming the norm amongst a wide section of the worldwide population and increasing popularity of health foods is expected to substantially add to the rising demand for amino acids. With growing understanding of the wide-ranging functions of amino acids, commercial interest is expected to surge going forward. While usage in existing areas would continue to expand, application in new areas would offer immense opportunities for the growth in the market. Advancements in production technology would offer additional impetus, as large scale production of various amino acids in an economical manner would spur widespread application.

Consumption of meats and nutraceuticals are witnessing healthy growth worldwide. The increasing acceptance of meat as a major source of protein, as well as the increasing intake of nutraceuticals for a healthy lifestyle are driving demand for both feed grade and food grade amino acids across the world. Increasing meat consumption, coupled with increasing costs of animal feeds is driving feed suppliers to include amino acids in feeds owing to their beneficial properties. Additionally, environmental concerns from animal emissions are also driving feed suppliers to include amino acids in feed. On the other hand, healthy lifestyle of consumers is leading to increasing usage of nutraceuticals in their daily diet, leading to demand for amino acids. Food processing, one of the major consumers of amino acids, is witnessing rapid growth, especially in developing markets, leading to steady demand for amino acids.

Animal feeds market is the principal contributor to the growing worldwide demand for amino acids. Glutamic acid represents the largest segment, while lysine is expected to emerge as the fastest growing segment, riding on increased utilization in poultry and swine diets. Methionine is also a major contributor to global amino acid market, with demand mainly arising from poultry products, as well as select applications in the cattle market. Phenylalanine, glutamic acid, threonine, and tryptophan are the other major amino acids that are widely used in various commercial end-use applications.

Asia-Pacific represents the largest market worldwide, supported by a large animal feed market. The region also ranks as the fastest growing market with a CAGR of 5.3% over the analysis period, led by the rising wave of health consciousness among the affluent base of middle class population and the ensuing opening up of opportunities in the health supplements and nutraceuticals market; growing pressure on livestock farmers to reduce use of antibiotics in animal feed and the resulting increase in interest in amino acids as a potential dietary replacement; and migration of agricultural practices to organic methods and the resulting use of amino acids as an organic and natural plant growth promotant.

Key players in the market include Ajinomoto Co., Inc., Amino GmbH, Anhui BBCA Biochemical Co., Ltd., Archer Daniels Midland Company, Cargill, Inc., China National BlueStar (Group) Co., Ltd., CJ Cheil Jedang, DAESANG Corporation, Evonik Industries AG, Fufeng Group Company Limited, Global Bio-Chem Technology Group Company Limited, Kyowa Hakko Bio Co., Ltd., Ningxia Eppen Biotech Co. Ltd., Novus International, Inc., Royal DSM N.V., Shandong Shouguang Juneng Group Golden Corn Co., Ltd., Sekisui Medical Co., Ltd., Shijiazhuang Jirong Pharmaceutical Co., Ltd., and Sumitomo Chemical Co. Ltd. among others.

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