The latest report by IMARC Group titled, “Amino Acids Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global amino acids market reached a volume of around 7.5 Million Tons in 2016. Amino acids are the building blocks of proteins which play a crucial role in almost all the biological processes of the human body. A major portion of our cells, muscles and tissues comprises of amino acids which provide them a proper structure. Amino acids are abundantly present in foods like red meat, sea food, eggs, quinoa, and dairy and soy products. They are beneficial in treating a number of health issues such as arthritis, cancer, tinnitus and rectal diseases and also strengthens the immune system. Due to this, amino acids are extensively used in supplements, which are majorly consumed by the ageing population and athletes.
Highlights of the global amino acids market:
- Rising health consciousness amongst the consumer remains the key growth inducing factor.
- Glutamic acid represents the most popular product type.
- Asia-Pacific dominates the market, accounting for the largest share.
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Due to a number of numbers of factors, the human body is often prevented from acquiring adequate amount of protein. These factors range from pollution caused by fossil fuels to the presence of fertilisers and pesticides in crops. As a result of this, health-conscious consumers look for protein-rich foods, prompting the manufacturers to introduce products fortified with amino acids. Additionally, growing demand for amino acids in the manufacturing of artificial sweeteners and health supplements is also driving the market. Growing pharmaceutical industry is also influencing the demand for amino acids since it acts as a buffering agent in numerous products. Further, they are also used in animal feed to supplement their protein requirement. Owing to the aforementioned factors, the market is expected to reach 10.1 Million Tons by 2022.
The market has been analysed on the basis of type, wherein, glutamic acid represents the most popular type. Other major types include lysine and methionine acids. On the basis of raw materials, plant-based amino acids dominate the market. The market has also been segmented on the basis of application. The animal feed industry dominates the market, followed by the food and healthcare industries. Region-wise, Asia-Pacific represents the largest market, accounting for the majority of the total global share. It is followed by Europe, North America, Latin America and the Middle East. On evaluating the competitive landscape, it is found that Amino, Ajinomoto, Cargill, Archer Daniels Midland and CJ CHeilJedang are the key players operative in the market.
To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/amino-acid-technical-material-market-report
The report by IMARC Group has examined the of the global amino acids market on the basis of:
- Glutamic Acid
- Plant Based
- Animal Based
- Animal Feed
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Archer Daniels Midland
- CJ CHeilJedang
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