Global Players Dominate the Market Holding nearly 40% of Revenue Share Despite the Presence of about 200 Competitors Comprising Several Regional Players, and Many Country-Niche Players, finds a recent market study on the Global Amino Acids Market by Ken Research
Amino acids are the building blocks of protein and play a vital role in the human body. They are organic compounds involved in several chemicals and biological functions in the human body including the synthesis of hormones, the building of proteins, and others. Amino acids are essential for the proper growth and development of living beings.
Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.
- Country-niche Players Constitute ~60% of the Total Number of Competitors and Hold ~25% of the Total Market Revenue
A comprehensive competitive analysis conducted during the Research Study found that the Global Amino Acids Market is highly competitive with ~200 players which include globally diversified players, regional players as well as a large number of country-niche players who have their niche in Amino Acids. The global players comprise ~15% in terms of the number of companies and hold about 40% of the market revenue share. Most of the country-niche players are strategizing to secure high quality and stable supply of raw materials for amino acids.
- Leading Global Players Investing Heavily to Expand their Production Facility
Detailed comparative analysis of key competitors available within The Research Study shows that key players such as Evonik Industries AG, KYOWA HAKKO BIO CO., LTD., and ADM among others are highly focused on strategic developments including expansion, product launch, and other to fulfill the growing demand for amino acids among various industries.
Furthermore, several companies are focusing on producing high-value or quality amino acids and procuring high-quality raw materials to hold their customers for longer. The companies are investing to expand their manufacturing facilities to double production, which is expected to fulfill the demand of end users.
- In August 2022, CJ CHEILJEDANG CORP., a food and bio giant based in Korea, invested US$210 million to expand its amino acid manufacturing facility in Brazil. The expansion aims to produce high-value-added amino acids.
- Increased Government and Manufacturers’ Initiatives Promote Amino Acids Growth and Development
- In January 2022, Bayer AG launched an innovative amino acid biostimulant Ambition for the Chinese market. The product is a naturally-existing substance that can stimulate the natural activity of plants and hence can be used widely in oraganic farming. The novel product launched by the company aimed to benefit farmers’ harvesting, soil protection, and consumer safety as the product enhances the growth of crops and also offers stress resistance properties which lead to high yield and quantity of the crop.
- In May 2018, the Madhya Pradesh government started the initiative of producing amino acids from human hair to provide it to the farmer as an organic fertilizer at one-third of the market price. The NGO Sarthak and Madhya Pradesh environment department aimed to set up plants for amino acid growth promoters in Bhopal, Indore, Jabalpur, and Gwalior. The government supported the innovative idea in both technical and financial terms. In addition, human hair is a great source of protein as it is estimated that around 1 kg of hair can produce 20 liters of amino acids.
For more information on the research report, refer to the below link:
Global Amino Acids Market Size, Segments, Outlook, and Revenue Forecast 2022-2028: Ken Research
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