May 27, 2024
Amino Acid Market

The Global Amino Acid Market Is Driven By Growing Awareness Regarding Personal Well-Being

Amino acids are the building blocks of protein in the body and are essential to support cell growth and repair. The global amino acid market comprises essential and nonessential amino acids that are widely used in animal feed, pharmaceuticals, food and dietary supplements. As awareness regarding physical fitness and personal well-being increases, consumers are increasingly opting for functional foods and nutraceuticals containing amino acids to support muscle growth, boost immunity and improve heart health. Amino acids play a key role in many metabolic functions and maintain nitrogen balance in the body. Dietary supplements containing amino acids deliver necessary vitamins, minerals and other nutrients to enhance cognitive functions and reduce stress and fatigue.

The global Amino Acid Market is estimated to be valued at US$ 31.57 Mn  in 2024 and is expected to exhibit a CAGR of 4.5%  over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends

One of the key trends in the amino acid market is the growing demand for specialty amino acids. Specialty amino acids are rare, non-proteinogenic amino acids that are not incorporated into proteins but play important metabolic functions. Examples include gamma-aminobutyric acid (GABA), taurine, ornithine, citrulline and glutamine. Specialty amino acids are gaining prominence due to their diverse health benefits. For instance, GABA aids relaxation and reduces anxiety. Taurine supports heart health and cognitive functions. The demand for specialty amino acids is expected to rise with increasing research on their applications. Another significant trend is the shifting preference towards vegan and plant-based amino acid supplements. With growing veganism and flexitarianism worldwide, manufacturers are developing amino acid blends extracted from plant-based sources like algae, yeast and pea protein to cater to this consumer segment. Sustainable and clean label positioning of plant-based amino acid supplements will drive their demand in the coming years.

Porter’s Analysis

Threat of new entrants: The threat of new entrants is medium as the amino acid market requires significant capital investment and presence of key patents. However, it is a high growth industry attracting new small players.
Bargaining power of buyers: The bargaining power of buyers is medium to high as amino acids are commoditized products with substitutes available. Buyers can negotiate on price and demand high quality standards.
Bargaining power of suppliers: The bargaining power of suppliers is medium as key raw materials like corn and sugar are globally available. However, ongoing supply chain issues can impact amino acid production.
Threat of new substitutes: The threat of new substitutes is low as amino acids have widespread applications and no direct substitutes exist for their functional properties in food and feed industries.
Competitive rivalry: Competition in the market is high and intense as the key global players like ADM and Olam International aggressively compete on pricing, quality, and new product development.

Key Takeaways

The global Amino Acid Market Demand is expected to witness high growth over the forecast period of 2024 to 2031. The market size is projected to increase from US$ 31.57 Mn in 2024 to over US$ 40 Mn by 2031, growing at a CAGR of 4.5% .

Regional analysis: North America dominates the amino acid market currently owing to high demand from animal feed industries in the US and Canada. Asia Pacific is expected to be the fastest growing region during the forecast period with China and India emerging as major consumers of amino acids.

Key players: Key players operating in the amino acid market are ADM (U.S.), Olam International Limited (Singapore), Cargill (U.S.), Evonik Industries (Germany), Ajinomoto Co. Inc. (Japan), Archer Daniels Midland (U.S.), Sumitomo Chemical Company, Limited (Japan), Daesang Corporation (South Korea). ADM and Olam International are the global leaders in the amino acid production.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it