The key players in the amino acids market are Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd., The Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc., Fufeng Group Co. Ltd., Ajinomoto Co. Ltd.
NEW YORK, Nov. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Amino Acids Global Market Report 2022: Ukraine-Russia War Impact” report —
Inc., Kyowa Hakko Bio Co. Ltd., Novus International Inc., Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., Sekisui Medical Co. Ltd., Koninklijke DSM NV and Kemin Industries.
The global amino acid market is expected to grow from $21.82 billion in 2021 to $24.37 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The war between Russia and Ukraine has disrupted the prospects for global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has resulted in economic sanctions against many countries, higher commodity prices and supply chain disruptions, affecting many markets around the world. The amino acids market is expected to reach $33.46 billion by 2026 at a CAGR of 8.2%.
The amino acid market consists of the sale of amino acids by entities (associations, sole proprietorships and partnerships) that are used for both animal and human nutrition. Amino acids contain an acidic carboxyl group (COOH), a basic amino group (NH2). ), and an organic R group unique to each amino acid.
Amino acids refer to the basic building blocks of protein and are found in red meat, seafood, eggs, dairy and soy products. It helps improve the immune system, fight arthritis and cancer, and cure tinnitus and rectal ailments.
They are useful in the synthesis of neurotransmitters and hormones in the human body.
The main types of amino acids are histidine, isoleucine, leucine, glutamate, lysine, methionine, threonine and other types. Glutamate is used to make proteins in the body.
It is a chemical that helps nerve cells in the brain send and receive information from other cells and is involved in learning and memory. Various sources include animal and vegetable, used in animal nutrition, food and beverage, pharma and healthcare, nutraceuticals, cosmetics and personal care, and other applications.
Asia Pacific will be the largest region in the amino acids market in 2021. Europe was the second largest region in the amino acids market.
The Regions covered in Amino Acids market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
Increasing health awareness among the population is expected to further drive the growth of the amino acids market. Health awareness refers to the extent to which individuals take action to take care of their health.
Health conscious people take amino acids as part of their diet to improve their immunity. According to an online survey conducted by The Times of India, an India-based daily newspaper, by 2021, 70% of participants said they would prefer lifestyle changes such as eating healthy foods rich in nutrients. And 65% of respondents also indicated that they increasingly rely on nutritionists to help them achieve their goals.
Hence, increasing health awareness is driving the growth of the amino acids market.
Product innovation is an important trend gaining popularity in the amino acids market. Major companies operating in the amino acid industry are focusing on product innovations to meet the demand for plant-based and natural flavor ingredients.
For example, in April 2021, CJ BIO, a South Korean food company, launched FlavorNrich Master C, the world’s first natural cysteine. It is produced by microbial fermentation and is the only natural amino acid qualified as a natural flavor by the USDA Organic Program and by the United States Department of Agriculture (USDA), United States Food and Drug Administration (FDA), Flavors and Extracts. . Manufacturers Association Generally Recognized as Safe (FEMA GRAS) and European Union (EU) regulations.
In March 2022, Aceto Corporation, a US-based pharmaceutical company, acquired Biotron Laboratories and Talus Mineral Company for an undisclosed sum. Through this acquisition, Aceto Corporation will expand its nutraceuticals and life sciences businesses and better serve its customers. needed.
Biotron Laboratories is a US based company specializing in the manufacture of chelates and complexes of mineral amino acids. Talus Mineral Company is a US based company that produces mineral ingredients for supplemental use.
The countries covered in the Amino Acids market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and US.
The Amino Acids Market research report is a series of new reports that provides Amino Acids market statistics including Amino Acids global market size, regional share, Amino Acids competitors with market share, detailed Amino Acids market segments, market trends and opportunities. , and all the other data you need to thrive in the Amino Acids industry. This Amino Acids market research report offers a complete perspective of everything you need with an in-depth analysis of the current and future scenario of the industry.
Read the full report:
ReportLinker is an award-winning market research solution. ReportLinker finds and organizes the latest industry data, so you get all the market research you need – right in one place.
Contact: Clare: [email protected] US: (339)-368-6001 International: +1 339-368-6001