Advanced Materials and Chemicals

Amino Acids Market

Global Industry Analysis and Forecast 2023-2030

Pages : 120

Base Year : 2022

Release Year : May 2024

Format : Pdf Ppt Xls

Report ID: KR90

Author : Siddharth S.

Base Year

2022

Forecast Year

2023-2030

Historical Years

2018-2021

Market Value (2022)

USD 26.95 Billion

Forecasted Value (2030)

USD 51.35 Billion

CAGR (2023 - 2030)

8.61%

Fastest Growing Region (2023 - 2030)

Asia-Pacific

Largest Region

Asia-Pacific

By Product

L-Glutamate, Lysine, Methionine, Others

By Raw Materials

Plant Based, Animal Based

By Application

Food & Dietary Supplements, Animal Feed, Pharmaceuticals, Personal Care, Others


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The global global market is projected to reach USD 51.35 billion by 2030, growing at a CAGR of 8.61% from 2023 to 2030.
The global market was valued at USD 26.95 billion in 2022.
The increasing health awareness of consumers has resulted in a significant demand upsurge for nutrient-rich foods fortified with essential amino acids. This trend has prompted the food and beverage industry to introduce products that comply with customer preferences, thereby boosting the demand.
Top manufacturers of amino acids are Ajinomoto Inc., Asiamerica Group, AMINO GmbH, CJ CheilJedang Corp., Evonik Industries AG, FUFENG GROUP, Kingchem Life Science LLC, KYOWA HAKKO BIO CO., LTD., Merck KGaA, Nagase America LLC, among others
Asia Pacific is the fastest growing region with the CAGR of 10.11% in the forecasted period (2023-2030) with the market value forecasted to reach at USD 28.94 billion by 2030.
By product, L-glutamate based will hold the maximum share in the amino acids market with the revenue value of USD 26.62 billion in 2030.
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