Global Food Amino Acid Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Global food amino acids market is projected to register a CAGR of 6.23% during the forecast period 2019-2024.
Protein remains on the top position when it comes to dietary supplements; and amino acids are known to be building blocks of protein formation. Amino acids have been found to have multiple functional benefits in human nutrition. For example, glycine has been found to improve sleep quality; and leucine for its role in muscle protein synthesis, thus, contributing to longer and healthy life expectancy in the elderly population. The increase in international sporting events has also led to increased attention on the physiological effects of amino acids (BCAAs) on muscles, which is likely to offer a potential opportunity to amino acid ingredient manufacturers.
Asia-Pacific region holds the largest market share followed by North America. The increase in use of food amino acid as a flavor enhancer in the food industry and growth in concern for healthy diet among consumers are fueling the demand for food amino acids in the Asia-Pacific market. Major demand for food amino acids from the dietary supplement industry has been seen due to the growing trend of adding dietary supplements in consumer diet in this region. The major importers of food amino acids include China, Netherlands, Belgium, Indonesia and United States. Based on the increasing consumption of processed and convenience food, the import and export in the developed countries is found to raise at a steady growth rate.
Global food amino acids market is moderately consolidated. It consists of the international key players and local manufacturers at different levels of the value chain. Some of the major key players in the market are Prinova Group LLC, Kemin Industries, Novus International, Inc. (USA), and Ajinomoto Co. Inc among others.