iCrowd Newswire – Oct 22, 2020
Food Amino Acids Market size is growing at a CAGR of 7.3% during the forecast period 2020-2025. Amino acids are organic compounds composed of nitrogen, carbon, hydrogen and oxygen, along with a variable side chain group and provide synthesis of hormones and neurotransmitters. Amino acids can be synthesized via protein hydrolysis, chemical synthesis, or microbiological (biotechnological) methods. It is taken in the form of supplements for a natural way to boost athletic performance or improve mood, prevent muscle loss and promotes weight loss. Threonine is a food amino acid with a wider range of functions like maintaining a protein balance to the creation of collagen and elastic muscle tissue like in heart and in the production of digestive enzymes. There is wide range of application of amino acids, starting from flavor development, preservation, nutritional component/building block of protein to specialty ingredients, such as aspartame, is set to drive the market.
By Source – Segment Analysis
In 2019, Plant-Based Amino Acids segment dominated the Food Amino Acids Market in terms of revenue is estimated to grow at a CAGR of 7.9% owing towards consumer preference for naturally sourced products and plant products like soybean, wheat, corn, potato, and peas. The plant based raw materials are the main sources which have an advent usage on these products and deliver profitable opportunities to the industry. Vegans get protein from nuts, peanut butter, seeds, grains, tofu, and soymilk also provide protein. The increased accessibility of vegetarian and vegan foods and the adoption of proactive approaches to health and wellbeing by consumers and augmented social awareness related to animal slaughter is abetting towards the growth of the market.
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Geography – Segment Analysis
In 2019, the Asia-Pacific region dominated Food Amino Acids Market in terms of revenue owing towards the trend of maintaining an active lifestyle has led to the addition of healthy and nutritive supplements in regular diets of consumers. According to the All Tech feed survey in the year 2019, China has around 4,600 feed mills with the feed production of 168 million metric tons annually. The animal feed additive market in China is regulated by a legal system with registration, permit and supervision, and inspection aids to the market’s growth. Government has taken initiatives to promote safety advancements in this region are key factors in the growth of the Food Amino Acids market. North America is anticipated to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Food Amino Acids Market
Increasing Consumption of Amino Acids As Dietary Supplement For Health-Conscious People
Increase in the number of health-conscious consumers using amino acids as dietary supplement drive the Food Amino Acids Market owing towards the demand for organic, fresh and exotic plant and animal sourced amino acid products. This is partly owing to increased importance placed on a healthier lifestyle, leading consumers to look for healthier food and drink options and healthy ready meals. The demand of consumers for products with no changes in nutritional, mineral and calcium properties is anticipated to increase the growth. The increase in international sporting events has also led to increased attention on the physiological effects of amino acids for their muscle growth. Presence of retail and e-commerce channels has also driven the market for plant-based goods owing to their ease of availability and lower cost.
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Challenges – Food Amino Acids Market
Stringent Government Regulations
The growing stringent government policy and regulation toward market growth is restraining growth of the market. Also, the lack of proficient organization for Food Amino Acids system, high capital investments for storage and strict regulations for the consumer safety are restraining the growth of the market.
Food Amino Acids Industry Outlook
Product Launches was the key strategy of the players in the Food Amino Acids Industry. Food Amino Acids top 10 companies include Ajinomoto Co. Inc., Brenntag AG, Sigma-Aldrich, Co. LLC., Daesang Corporation, Evonik Industries, Kingchem LLC, Prinova Group LLC., Kyowa Hakko Kirin Group, Hugestone Enterprise Co., Ltd. and Pangaea Sciences, Inc.
In February 2020, Amino GmbH invested $35m to meet the growing demand of current customers and to increase supply and availability for the worldwide pharmaceutical and nutritional market, with a specific focus on the American markets.
In August 2018, Brenntag AG launched its global Food & Nutrition brand in 73 countries. This acquisition helped in increasing consumer demands for nutritional value products.
Rising awareness of consumers on the healthy food intake across the globe coupled with constantly rising population and dietary changes is likely to be the major driving factor for the market’s growth.
Rising sweeteners demand from convenience food and ready-to-drink beverages to drive demand for L-aspartic acid and phenylalanine.
North America region is projected to record the fastest growth rate during the forecast period 2020-2025.
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