Rising Demand for Amino Acid Market Key Players, Growth Analysis during 2021-2027
The global amino acid market is expected to grow at a CAGR of nearly 7.8% during the forecast period (2021-2027). The major factor driving the growth of the global amino acid market include the rising demand for amino acids from the food industry, pharmaceutical, and nutraceutical. Additionally, the rising prevalence of amino acid metabolism disorders such as Homocystinuria, Argininosuccinic academia, Citrullinemia, Phenylketonuria, and Maple syrup urine disease will drive the growth of the market. According to the National Centre for Biotechnology Information, the global prevalence of phenylketonuria is 6.002 per 100,000 neonates in 2020. It is the disease caused due to congenital defects in the phenylalanine metabolism, an amino acid, which further leads to irreversible nerve ending.
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Amino acids are the building blocks of the body consists
of hydrogen (H), nitrogen (N), oxygen (O), and carbon (C), and others, which
subsequently attach together to form proteins. There are more than 500 amino
acids naturally available, among which only 20 are found in the genetic code of
an individual. The rise in demand for amino acids can be attributed to the use
of the amino acids in aiding conditions such as smoking cessation, bruxism,
depression, attention deficit-hyperactivity disorder (ADHD), premenstrual
dysphoric disorder (PMDD), and sleep disorders. For instance, L-tryptophan, an
essential amino acid, is intended to treat severe symptoms of depression,
premenstrual syndrome (PMS), and many more.
The key players contributing to the growth of the global
amino acid market by adopting various strategies such as product launches and
developments, mergers and acquisitions, partnerships, and agreements, include
AjinomotoCo., Inc., Kyowa Hakko Bio. Co. Ltd., Amino GmbH, Bill Barr &
Company, Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., among others. For
instance, in January 2020, the Marquie Group, Inc., an emerging player in the
global beauty and wellness market, in collaboration with Whim launched premium
amino acid-based products including AminoMints, a healthy amino acid containing
mint, and AminoFizz, an effervescent drink containing amino acids.
Market Coverage
• The market number available for –
2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
·
By Type
·
By Raw Material
·
By Application
• Regions covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
•
Competitive Landscape- AjinomotoCo.,
Inc., Kyowa Hakko Bio. Co. Ltd., Amino GmbH, Bill Barr & Company, Iris
Biotech GmbH, among others.
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Global Amino Acid Market- Segmentation
By Type
• Glutamic Acid
• Lysine
• Methionine
• Threonine
• Phenylalanine
• Tryptophan
• Citrulline
• Glycine
• Glutamine
• Creatine
• Arginine
• Valine
• Leucine
• Iso-Leucine
• Proline
• Serine
• Tyrosine
• Others
By Raw Material
• Plant-Based
• Animal-Based
By Application
• Animal Feed
• Food
• Healthcare
Global Amino Acid Market - Segmentation by region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East and Africa
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