March 08, 2021
According to a recent study titled ‘Food Amino Acids Market Share, Size, Trends, Industry Analysis Report By Product Type; By Application; By Regions: Segments & Forecast, 2019 - 2026’, available with Market Study Report, global food amino acids industry size is projected to expand at a yearly growth rate of 6.7% and cross a valuation of USD 4.02 billion by the end of the forecast period 2019-2026.
As per the findings of the report, developing consumer consciousness regarding health and balanced diet, along with surging number of healthcare cases are driving global food amino acids market growth.
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Notably, proteins are macromolecules of amino acid chains which are considered vital for maintaining health and a balanced diet. Proteins chains vary as per constituent of the 20 essential amino acids, and are further modified into 3D shapes to accomplish certain body functions. In humans, activities of tissues and its components are fragmented and re-constructed intermittently which results in protein production, ultimately necessitating the continuous demand for amino acids in diets.
Isoleucine, leucine, lysine, methionine, threonine, valine, tryptophan, and phenylalanine histidine are nine of the twenty amino acids deemed essential amino acids, and are required to be supplemented via food source as they are not produced in the body. Hence, rising awareness about protein in diet tandem with increasing health conscious population will continue to stimulate global food amino market expansion.
Considering the geographical perspective, North America, Latin America, Asia Pacific, Europe, and Middle East & Africa are the key contributors to the overall amino acids market remuneration. Among these, APAC held majority of the industry share in 2017 and is expected to witness strong gains in the forthcoming years. This can be ascribed to robust growth of food & beverages industry in the region due to inflating population, growing health awareness among the populace, and escalating investments by ingredient and food manufacturers. Besides, economic progress in developing countries like South Korea, Vietnam, and India is also the supporting the regional market expansion.
Speaking of the competitive arena, top contenders in global amino acids market sphere are Ajinomoto Co., Inc., Evonik Industries AG, MilliporeSigma (formerly Sigma-Aldrich), Daesang Corp., Prinova Group, LLC, Brenntag SE, Amino GmbH, Kingchem Life Science LLC, CJ Corp., and Sunrise Nutrachem Group.