LONDON--(BUSINESS WIRE)--The global amino acid market size is expected to grow by USD 10.80 billion during 2020-2024, progressing at a CAGR of almost 11% during the forecast period. Download Free Sample Report
Increasing health consciousness among people is one of the major factors propelling the market growth.
The increasing health consciousness among people has led to the rising consumption of dietary supplements that help maintain the daily dose of vital nutrients and proteins required by the body for good health. Moreover, the consumption of amino acid supplements helps in the faster recovery from fatigue, improves endurance and mental focus, and reduces muscle soreness. Additionally, amino acids are also effective against metabolic syndromes. This is encouraging manufacturers to increase their focus on expanding their amino acid production facilities to cater to the growing demand for amino acid supplements. This will subsequently influence the growth of the global amino acid market during the forecast period.
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Global Amino Acid Market: Application Landscape
Feed additives are added to livestock feed for farm animals that require extra nutrients, such as amino acids, fatty acids, vitamins, and minerals, to grow at a healthy rate. Moreover, the use of feed additives such as antioxidants, amino acids, vitamins, enzymes and probiotics prevents disease outbreaks in livestock and improves the overall feed absorption and assimilation. However, market growth in this segment will be slower than the growth of the market in animal feed and food and beverages segments.
Global Amino Acid Market: Geographic Landscape
APAC accounted for the largest amino acid market share in 2019, and the region will continue to offer the maximum growth opportunities to market vendors during the forecast period. The rise in per capita income and the growing consumption of protein-rich food will influence the growth of amino acid market size in APAC. China, Japan, and India are the key markets for amino acids in APAC. Market growth in this region will be faster than the growth of the market in other geographies.
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Companies Covered
- Ajinomoto Co. Inc.
- AMINO GmbH
- Archer Daniels Midland Co.
- Cargill Inc.
- CJ CheilJedang Corp.
- Daesang Corp.
- Evonik Industries AG
- Fufeng Group Ltd.
- Global Bio-chem Technology Group Co. Ltd.
- Kemin Industries Inc.
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- Competitive landscaping mapping the key common trends
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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Amino Acid Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist amino acid market growth during the next five years
- Estimation of the amino acid market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the amino acid market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of amino acid market, vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Value chain analysis
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2019
- Market outlook
- Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY APPLICATION
- Market segmentation by application
- Comparison by application
- Animal feed - Market size and forecast 2019-2024
- Pharmaceuticals - Market size and forecast 2019-2024
- Food and beverages - Market size and forecast 2019-2024
- Market opportunity by application
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
PART 11: MARKET TRENDS
- Increasing acquisitions and joint ventures
- Increasing use of amino acid as animal feed additives
- Expanding application of amino acids in skincare products
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ajinomoto Co. Inc.
- AMINO GmbH
- Archer Daniels Midland Co.
- Cargill Inc.
- CJ CheilJedang Corp.
- Daesang Corp.
- Evonik Industries AG
- Fufeng Group Ltd.
- Global Bio-chem Technology Group Co. Ltd.
- Kemin Industries Inc.
PART 14: APPENDIX
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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