The emerging market opportunities for food amino acids appear to be conducive for the acceptance of processed food in Europe and North America region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global food amino acids Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR while achieving good growth rapidly in the forecast period.
Food amino acids are ingredients that are used across various sectors of the food industries. Food amino acids are mainly used as a food additive as it enhances the flavor. It also acts as antioxidants and imparts energy to the body. The high nutritional value obtained from the amino acids make its demand high in nutraceuticals and dietary supplements segments. The increasing intake of protein ingredients in food products by the consumers is found to influence the growth of the market. The high demand for processed food products is influencing the growth of food amino acids market as a key ingredient.
The developing technologies in the food sector has helped in fueling up the market share of the product. Shift in the consumption pattern backed up by raising health consciousness amongst the consumers has led to the growing share of food amino acids globally. Increasing new product launches by the manufacturers is also expected to fuel the sales of the food amino acids market globally. Natural food amino acid is expected to enhance at a high level due to the increasing consumer awareness towards the adverse effects of synthetic amino acids. However, stringent regulation of the governments and high research & development cost of the amino acids is anticipated to pose a major challenge in the global food amino acids market during the forecast period.
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Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings to attract the new customers. By this strategy the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company. Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line. Key players are introducing new Food amino acids in different flavored to increase the volume sales and to increase the overall revenue of the company.
The key players profiled in food amino acids are Ajinomoto Co., Inc. (Japan), Archer Daniels Midland Company (U.S.), Prinova Group LLC (U.S.), 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 (U.S.), and Amino GmbH (Germany) among many others.
Latest Industry Updates:
June 2016 Archer Daniels Midland Company launched PROPLEX® DY. PROPLEX® DY is composed of dried Saccharomyces yeast (non-active yeast), a source of highly digestible amino acids that provides nutritional benefits to the swine, poultry.
September 2017 Prinova USA made a collaboration with Zanda, LLC to manufacture and distribute Reginator, a patented combination of nine Essential Amino Acids (EAA) plus arginine. The amino acid is especially used for the sports nutrition.
November 2016 Evonik industries launched PentaQQ™, its new brand for pyrroloquinoline quinone (PQQ)
February 2016 Ajinomoto Co., Inc. has entered into an agreement today with Nestlé Japan Ltd. The collaboration will aid the company to upsurge the sales of food amino acids in the sports nutrition products.
September 2016 Ajinomoto Co., Inc. launched amino VITAL® GOLD in Brazil
Global food amino acids market has been divided into source, type, application, and region
On the Basis of Source: Natural, and Synthetic
On the Basis of Type: Glutamic Acid, Valine, Tryptophan, Leucine, Methionine, Phenylalanine, Lysine, and Others
On the Basis of Application: Food Additives, Dietary Supplements, Nutraceuticals, Infant Food Formula, Pharmaceuticals, and Others
On the Basis of Region: North America, Europe, Asia Pacific, and Rest of the World
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The global food amino acids market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Asia Pacific is estimated to retain its dominance throughout the forecast period of 2017-2023. China is the major country in Asia Pacific region. It holds 30% market proportion in the Asia Pacific food amino acids market in the year of 2017. The growth of the food amino acids market in Asia Pacific is expected to be driven by various factors. One of the significant factors for the rising growth of food amino acids is the rising sales of processed food products in the developing economies. Apart from that, food amino acids are extensively used in the sports nutrition products which in turn accelerates the sales food amino acids in the Asia Pacific region. Europe is also estimated to account for the 25% of the market proportion of global food amino acids market. Among the European countries, Germany is estimated hold significant market share in the year of 2017 and the trend is expected to continue throughout the forecast period of 2017-2023.
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