DUBLIN–(BUSINESS WIRE)–The “Global Amino Acids Market Size, Segments, Outlook, and Revenue Forecast 2022-2028 by Source, Type, Application, and Major Regions” report has been added to ResearchAndMarkets.com’s offering.
Global Amino Acids Market is expected to record a positive CAGR of ~7% during the forecast period (2022-2028) and is expected to reach nearly US$ 42 billion by 2028, owing to the growing demand for functional food products and immunity boosting products.
The Global Amino Acids Market is forecasted to continue a moderate growth, primarily driven by the surging demand for amino acids in various industries such as food & beverages, animal feed, nutraceuticals, and others.
The rising awareness regarding the health benefits of amino acids along with the increase in health-conscious consumers is expected to increase the demand for immunity-boosting products, which ultimately increase the demand for amino acids. Though the market is highly competitive with ~200 participants, global players control the dominant market share in terms of revenues.
The increase in health-conscious consumers and rising awareness regarding the benefits of amino acids such as maintaining healthy skin, hair, and nails, boosting immunity, helping in the growth and repair of body tissue, and others are expected to boost the demand for amino acids.
The Global Amino Acids Market faces challenges due to stringent regulations laid by governmental bodies on products containing amino acids.
The government has imposed strict regulations on products containing amino acids that may hamper the growth of the Global Amino Acids Market. Additionally, the requirement of significant investment for the storage of amino acids and its products may slow down market growth.
The COVID-19 pandemic negatively impacted the Amino Acids market initially due to the imposed lockdowns, the manufacturing process of amino acids and its product got disturbed which resulted in the disruption of the supply chain.
However, due to the spread of the virus, consumers shifted towards the immunity-boosting product which increased the demand for amino acids in the food & beverages industry, nutraceutical industry, pharmaceutical industry, and others.
Major Players Mentioned in the report
- Global Bio-chem Technology Group Company Limited
- Ajinomoto Co., Inc
- Kyowa Hakko Bio Co., Ltd
- Amino Gmbh
- Taiwan Amino Acid Co., Ltd
- Evonik Industries AG
- ADM
- Cargill, Incorporated
- Merck KGaA
- Daesang
- Kemin Industries, Inc
- Royal DSM
- Novus International Inc
- Prinova
- Bayer AG
- CJ Cheiljedang Corp
For more information about this report visit https://www.researchandmarkets.com/r/ssplg7
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