The global amino acids market was valued at USD 26.2 billion in 2021 and it is predicted to surpass around USD 49.9 billion by 2030 with a CAGR of 7.42% from 2022 to 2030.
The growing consumer awareness regarding a healthy lifestyle, coupled with the increasing consumption of meat and meat products, is anticipated to drive the demand for amino acids during the forecast period.
Amino acids are essential compounds that play a vital role in protein synthesis and are responsible for the proper functioning of the human body. They help in reducing the likelihood of cardiovascular diseases, preventing muscle damage, and increasing metabolism. These properties have resulted in their extensive consumption in dietary and other pharmaceutical applications in the healthcare industry.
Commercially, amino acids are derived from various plants and animal sources, which include soybean, corn, wheat, blood, skin, and hair, using fermentation, extraction, and chemical synthesis. Research and development activities related to improving the yield and quality of extracted amino acids are being carried out globally.
The food and dietary supplements application segment dominated the market for amino acids in 2021. Food amino acids observed substantial growth as they are used to enhance the flavor and nutritional value of food products. The animal feed application segment is anticipated to witness the fastest growth in the coming years due to growing product inclusion in animal feed conversion.
Asia Pacific dominated the market in 2021 owing to factors such as high demand from the regional food and beverage sector, increasing consumer awareness concerning health, and growing preference for functional foods. The market for amino acids in Europe is anticipated to witness significant growth in the forthcoming years, owing to the extensive growth of the region’s pharmaceutical and nutraceutical sectors.
Moreover, the ingredients used in formulating pharmaceutical and nutraceutical products follow stringent norms. In North America, the Food and Drug Administration (FDA), U.S. Department of Agriculture (USDA), and U.S. Environmental Protection Agency (EPA) regulate plant- and animal-sourced amino acid products. Each of these regulatory bodies has chalked out certain regulations and published guidance documents to ensure the safety and effectiveness of these products.
Key players are focusing on new and strategic alliances such as mergers and acquisitions, among others, as well as production capacity expansions. For instance, in July 2021, Ajinomoto Co., Inc., a Tokyo, Japan-based biotechnology and multinational food corporation announced the launch of an amino acid supplement. The supplement comprises isoleucine, leucine, valine, phenylalanine, histidine, lysine, and tryptophan. Specially created for elders and middle-aged people, the supplement helps in reducing the risk of memory impairment and cognitive decline.
Scope of The Report
|Market Size in 2021||USD 26.2 billion|
|Revenue Forecast by 2030||USD 49.9 billion|
|Growth rate from 2022 to 2030||CAGR of 7.42%|
|Forecast Period||2022 to 2030|
|Segmentation||Raw material, product, application, livestock, region
|Companies Covered||Ajinomoto Co., Inc.; AMINO GmbH; Taiwan Amino Acids Co. Ltd.; KYOWA HAKKO BIO CO., LTD.; Evonik Industries AG|
Raw Material Insights
The plant-based raw material segment accounted for the largest revenue share of 86.2% in 2021 and is expected to witness the fastest growth during the forecast period, owing to the rising consumer preference for naturally sourced products. Plant sources include soybean, wheat, corn, potato, and peas. Currently, soybean is used for commercial development of the product on account of its high consumption and large-scale production. However, soybean processing is known to alter the amino acid composition, which proves to be a major concern for sourcing raw material.
Lysine being an essential amino acid has witnessed remarkable growth in the recent past. As the human body cannot synthesize such an acid, its demand is moderately driven by the growth of the dietary supplements market. Apart from human consumption, the product has gained popularity as an animal feed additive.
It is mainly used for body protein deposition and the amount of lysine ingested every day directly influences animal growth performance. Modifying the dietary lysine concentration according to the feed intake capacity optimizes animal growth, feed quality, and efficiency. Growing product demand from animal feed manufacturing companies, along with increasing consumption of dietary supplement formulations, is expected to augment the lysine demand during the projected period.
L-glutamate accounted for the largest volume share of 47.57% in 2021 and is anticipated to maintain its lead over the forecast period. L-glutamate, also known as l-glutamic acid, is a non-essential amino acid. It is extensively used as a nutritional supplement, flavor enhancer, feed additive, and intermediate for manufacturing organic chemicals. In the food and beverage sector, the sodium salt of l-glutamate, namely monosodium glutamate (MSG), also known as seasoning salt, is commercially used to improve food palatability.
Increasing demand for processed food products, along with growing product penetration in animal feed, is projected to drive the product demand in the amino acids market during the forecast period. Lysine being an essential amino acid has witnessed remarkable demand growth in the recent past. As the human body cannot synthesize such acid, its demand is moderately driven by the growth of the dietary supplements market. Apart from human consumption, the product has gained popularity as an animal feed additive.
It is mainly used for body protein deposition and the amount of lysine ingested every day directly influences animal growth performance. Modifying the dietary lysine concentration according to the feed intake capacity optimizes animal growth, feed quality, and efficiency. Growing product demand from animal feed manufacturing companies, along with increasing consumption of dietary supplement formulations, is expected to augment the lysine demand during the forecast period.
The poultry segment accounted for the largest revenue share of 41.88% in 2021 and is expected to witness the fastest growth during the forecast period. The poultry segment consists of chicken, duck, turkey, and broilers. Rising demand for chicken and broiler meat in countries such as the U.S., Russia, and Mexico, is expected to drive the poultry feed market, giving rise to higher consumption of feed additives, including amino acids such as lysine and arginine.
The increasing number of fast-food chains and growing demand for processed food in the Asia Pacific and North America are driving the demand for poultry products in these regions. This has resulted in an upsurge in poultry farming activities, which, in turn, is driving the demand for poultry feed. However, the recent COVID-19 outbreak has resulted in a worldwide shutdown, which has created volatility in the availability and supply of poultry products.
The food and dietary supplements application accounted for the largest segment volume share of 56.1% in 2021 and is anticipated to maintain its lead during the forecast period. Amino acids are used in the food processing industry as flavor enhancers, preservatives, and nutrition enhancers. Glycine and alanine are commonly used as flavor and taste enhancers.
Monosodium glutamate (MSG), a derivative of glutamic acid, is widely used as a flavor enhancer in canned vegetables, soups, processed meat, salad dressings, bread, carbohydrate-based snacks, and ice cream. It is regulated by the U.S. Food and Drug Administration (FDA) as GRAS (Generally Recognized as Safe). The product is popular among Asian countries and is widely used in several food preparations.
The animal feed segment is expected to witness the fastest growth in the market during the forecast period. Amino acids are used as additives in animal feed formulations to promote growth performance, and reproduction, and to fulfill the protein requirement in animals. Supplementation with amino acids promotes feed conversion efficiency, thereby lowering feed costs per unit of weight gain of production. In addition, the amino acid requirement varies from species to species and depends on the development stage of the animal.
For instance, in calves, the most vital amino acids required are isoleucine, lysine, methionine, leucine, and threonine. The deficiency in any of these amino acids slows down animal growth and delays the onset of maturity. In the growth stage of poultry animals, arginine is an essential part of their diets as it does not contain a urea cycle, which is responsible for synthesizing protein. Arginine deficiency in chicken often results in deformation. In addition, lysine deficiency can have a similar effect on turkeys.
Cystine is used in several beverages such as fruit juices as a preservative, whereas tryptophan and histidine are used as preservatives in milk powder. Phenylalanine and aspartic acid are used in combination to develop aspartame, which is gaining popularity as a sugar substitute in several soft drink formulations.
Asia Pacific led the market with a revenue share of 48.6% in 2021. The region is expected to witness the fastest revenue-based growth during the forecast period. This can be attributed to the increased consumer spending in the region, growing adoption of a healthy lifestyle, and rapid expansion of end-use industries, such as nutraceutical, pharmaceutical, personal care, and cosmetics.
The increasing production of amino acids in the region and growing exports of feed additives from key countries, such as China and Japan, is anticipated to contribute to the regional market growth. Amino acids are primarily used to treat liver and cardiovascular disorders and reduce muscle fatigue and breakdown. The burgeoning population in developing economies, such as China and India, along with the presence of a young age population, has resulted in high demand for amino acids in the above-mentioned countries.
European countries such as Germany, the U.K., France, and Italy have witnessed increased meat consumption over the past few years. The growing use of animal feed additives containing a proportionate amount of prominent amino acids, such as lysine, methionine, and threonine, for improving animal growth performance is expected to drive the regional market. Besides, rising demand for high-quality meat and meat products is anticipated to drive the feed additives market in the region, which, in turn, is expected to fuel the amino acid consumption in the feed industry.
However, the region has been severely impacted by the COVID-19 outbreak. In addition, Italy and the U.K. are the worst-hit countries, having witnessed the shutdown of several manufacturing companies. This is expected to severely impact the supply chain of feed additives, thereby adversely affecting the market growth in the region.
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