Advanced Materials and Chemicals

Amino Acids Market is expected to reach USD 51.35 billion by 2030

Aug 2023

Advanced Materials and Chemicals

As per the latest report published by Kings Research, the global Amino Acids Market was valued at USD 26.95 billion in 2022 and is projected to reach USD 51.35 billion by 2030, growing at a CAGR of 8.61% from 2023 to 2030.

The amino acids market is experiencing growth and increased demand due to the emergence of sustainable and efficient amino acid applications. Amino acid fertilizers as an alternative to synthetic fertilizers have emerged as a resourceful and streamlined alternative to synthetic fertilizers, owing to their ability to promote plant growth and enhance productivity. Moreover, the global food demand is on the rise, and farmers have relied on nitrogen fertilizers for several decades to increase crop yields. Studies indicate that crops use less than half of the amount of nitrogen fertilizers that are applied to fields. This finding has led to increased demand for amino acid fertilizers, which are a more attractive option and are responsible for driving market growth.

Key Insights

  • Based on the product, the L-glutamate generated the highest revenue of USD 14.27 billion in 2022
  • Based on raw materials, the plant-based segment generated the highest revenue of USD 23.02 billion in 2022
  • Based on application, the food & dietary supplement segment generated the highest revenue of USD 14.36 billion in 2022
  • On the basis of region, Asia Pacific is the fastest growing segment growing at a CAGR of 8.61% from 2023 to 2030

Louis' Manna Pro Products Acquires Oxbow Animal Health, Bringing Premium Small Animal Pet Supplies to Their Product Portfolio

January 2022: Louis' Manna Pro Products has acquired Oxbow Animal Health, a 30-year-old premium small animal pet brand that offers whole foods, supplements, and supplies for pets like rabbits, guinea pigs, and hamsters. The acquisition was valued at USD 135 million. The procurement would broaden the product range of Manna Pro and provide an avenue to enter the small mammal food market. During the acquisition process, Armstrong Teasdale gave legal assistance to Manna Pro.

Lonza's MAST® Platform acquired by Merck to enhance its bio-processing capabilities.

MAST® (Modular Automated Sampling Technology) platform of Lonza, was acquired to enhance process technologies with integrated ecosystems. Upon acquisition, MAST is to operate under the BioContinuum Platform.

Increasing Awareness Regarding Health is Propelling Market Growth

The sports nutrition industry has witnessed significant growth in recent years, with a surge in popularity among athletes and physically active individuals. This can be attributed to the increasing focus on maintaining a healthy lifestyle, coupled with the rising participation in sports clubs, health clubs, and gyms. Amino acids have become an integral part of the sports nutrition category, as they offer numerous benefits to athletes.

Additionally, protein which is a popular dietary supplement marketed to athletes is a rich source of amino acids. These supplements are often used by athletes as part of their regular training or competition routine to enhance their overall performance. Amino acids affect performance by boosting anabolic hormones' secretion, regulating fuel usage during exercise, preventing overtraining effects, and preventing mental fatigue.

Growing Demand for Fortified Foods and Amino Acid in Asia Pacific Prompts Major Industry Players to Expand Business

Asia Pacific accounted for the highest revenue of USD 13.68 billion in 2022 and is anticipated to grow at 10.11% during 2023 to 2030. The market in the region is driven by the growing demand for fortified foods. The escalating prevalence of nutrient deficiencies in the region has led to an increase in demand for amino acids. In response to this trend, major industry players are expanding their businesses in the region to provide amino acid-fortified foods to meet the rising demand. For instance, Prinova, which is a prominent manufacturer of amino acids, announced the expansion of its presence in the Asia Pacific region by setting up a new production facility in Australia.

Rising Investment in Product Innovations to Propel Market Growth

The global amino acids market is fragmented with key players such as 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, and Nagase America LLC, among others. Companies employ a variety of strategic measures such as acquisitions, mergers, partnerships, product introductions, and collaborations to expand their business globally and enhance their competitive position

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