Food Amino Acids Market Size An Objective Assessment Of The Trajectory Of The Market By 2030
According to the thorough analysis of Market Research Future (MRFR), the global food amino acids market is likely to acquire a substantial market share over the forecast period at a striking CAGR.
Food Amino Acids Market Size is anticipated to reach USD 50 Billion by 2030, registering a CAGR of 7.2% during 2022-2030.
The growth of the global food amino acids is influenced by the growing demands for innovative food products with the high nutritional value from the health-conscious consumers. The high demand for processed food products is also impacting the growth of food amino acids market as a critical ingredient. The emerging technologies in the food and beverage sector are aiding in driving the market share of food amino acids over the forecast period. The shift in the consumption pattern along with the rise in the health consciousness amongst the consumers has led to the massive demand of food amino acids globally.
Segmental Analysis
The global market for food amino acids overview is segmented on the basis of source, type, application.
Based on the source, the food amino acids market has been segmented into natural (plants, animals) and synthetic sources. The natural-sourced food amino acids segment is expected to lead the market share over the review period, due to the increasing consumer preference for natural and organic food products. The plant-based food amino acids from the natural source segment are expected to rise at the highest CAGR over the evaluation period.
Based on type, the food amino acids market is segmented into Glutamic Acid, Leucine, Lysine, Methionine, Phenylalanine, Tryptophan, Valine, and Others. Glutamic Acid accounts for the largest market share in this segment, owing to its wider application in the food and beverage sector.
Additionally, its broader application is also driven by its adoption as a flavor enhancer.
Based on application, the food amino acids market is segmented into Dietary Supplements, Food Additives, Infant Food Formula, Nutraceuticals, Pharmaceuticals, and Others. The nutraceutical segment is expected to rise as the leading market share at the highest CAGR among these over the assessment period, followed by dietary supplements segment.
Regional Analysis
The Global Market for Food Amino Acids is segmented into North America, Europe, Asia Pacific, and the rest of the world (ROW).
North America accounts for the largest region in the food amino acids market, owing to the established food and beverage industry, higher disposable income, and consumer demand for healthy, and natural food products. The presence of global market players in the industry is also likely to fuel the growth of the food amino acids market in the region over the review period.
Europe is also a significant region in the global food amino acids market and is likely to grow substantially over the forecast period. This is attributed to the stable economic growth, which ensures manufacturing development, and higher per-capita income of consumers. Additionally, the food industry in Europe is one of the major food industries across the globe, especially in countries such as France and Italy. This further contributes majorly to the market of food amino acids in the region over the evaluation period.
Asia-Pacific region is likely to acquire a significant share in the global food amino acids market over the forecast period. Developing economic growth in countries such as India, China, Japan, and Indonesia have contributed has led to changing consumer’s preference and has made consumers more health conscious. Asia Pacific (APAC) region is expected to generate a high revenue during the forecast period, owing to the presence of noteworthy market players and the lucrative food industry in the region.
Key Players
The key players identified in the global food amino acids market are Ajinomoto Co., Inc. (Japan), Amino GmbH (Germany), Archer Daniels Midland Company (U.S.), Brenntag AG (Germany), CJ Cheil Jedang (South Korea), Evonik Industries (Germany), Kyowa Hakko Kirin Co., Ltd (Japan), Sumitomo Chemical Co., Ltd (Japan), Sigma-Aldrich Corporation (U.S.), Prinova Group LLC (U.S.),
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