Global Market Research Reports : Ken Research: Top Companies in Amino Acids Market

Friday, October 21, 2022

Global Amino Acids Market: Ken Research

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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3 Key Insights on US$ 42 Bn Opportunity in Global Amino Acids Market: Ken Research

Driven by surging demand for amino acids as an ingredient in various industries such as food & beverages, pharmaceutical, dietary supplements, animal feed, and others along with rising awareness regarding the health benefits of amino acids among consumers, the Global Amino Acids Market is Forecasted to reach nearly US$ 42 Bn by 2028 says Ken Research Study.

Amino acids are the building blocks of protein and play a vital role in the human body. They are categorized into essential, non-essential, and conditionally essential, based on different factors. They are widely used in various industries namely food & beverages, animal feed, dietary supplements, cosmetics, and others.

Ken Research shares 3 key insights on this high-opportunity market from its latest research study.

1. Growing Popularity of Amino Acids in Various Industries Encourage Market Growth

Amino acids are widely used to cure ailments such as premenstrual dysphoric disorder (PMDD), sleep difficulties, depression, attention deficit hyperactivity disorder (ADHD), phenylketonuria, chronic fatigue syndrome, narcolepsy, treat muscle soreness, sprain, and others.

Amino acids are gaining popularity to treat various illnesses, which is increasing their demand in different industries and thus, propelling the growth of the global amino acids market. The adoption of new biotechnological methods like genetic and metabolic engineering for the efficient production of high-value amino acids is expected to create immense opportunities for the growth of the amino acids market globally. However, stringent government regulations for products containing amino acids may impede the growth of the market.

According to Ken Research estimates, the Global Amino Acids Market – valued at around US$ 20 Bn in 2017 and estimated to reach nearly US$ 28 Bn by 2022 – is expected to grow to around US$ 42 Bn opportunity by 2028.

2. Surging Demand for Amino Acids in Animal Feed Formulation is Driving the Market Growth

The growing demand for amino acids among animal feed manufacturers to promote reproduction, growth performance, fulfill the protein requirement in animals, and others are expected to bolster the growth of the global amino acids market. The deficiency in any amino acids will result in the slow growth of animals, delay in maturity, reduced immune or metabolic response, low body weight, health problems, and others.

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Thus, amino acids are gaining importance in the formulation of animal feed. In addition, the increasing consumption and demand for meat products coupled with growing livestock production are ultimately boosting the demand for amino acids in the animal feed industry.

The below graph depicts the increased production of meat globally.

3. Stringent Government Regulations Over Products Containing Amino Acids is the Most Significant Barrier to the Growth of the Market.

Governmental bodies lay down stringent regulations on products containing amino acids as an ingredient to ensure the safe nutritional value of the product, which may hamper the growth of the Global Amino Acids Market. Amino acids affect the physical and mental performance of the living being due to which their use in food & beverage products, dietary supplements, pharmaceuticals, and others is regulated for risk assessment. In addition, governmental bodies have also set standards on purity, ingredient quality, and capacity for each industry to avoid any health-related complications.

European Union laid down the REACH regulations that state that the amino acids that are not used in food or medical preparation must comply with REACH requirements. The requirements are based on enabling data sharing to reduce research and regulatory cost and on the tonnage of substance.

The below graph depicts the estimated greenhouse gas emission to produce 13g of essential amino acids from the raw materials.