According to a new report by Reports and Data, the global Food Amino Acids Market was valued at USD 5,898.7 Million in 2020 and is expected to reach USD 10.05 Billion by the year 2028, at a CAGR of 7.0%. Amino acids are organic compounds that include amino and carboxyl compounds. They’re the building blocks of proteins that play a vital role within the natural processes of a body. They’re found in abundance in meat, seafood, eggs, dairy products, quinoa, and soy products. Amino acids are beneficial for strengthening the system, developing muscles, fighting arthritis and cancer, and treating tinnitus and rectal diseases.
Rising health-consciousness among consumers has boosted the demand for nutrient-rich food. This has stimulated the manufacturers to present protein-rich foods and beverages within the global market, resulting in a rise within the need for amino acids. But this, amino acids are used for the manufacturing of supplements that are consumed by athletes. Athletes often have the risk of the body breaking down muscle tissues for fuel, consuming an amino acid supplement 30-60 minutes before a workout will help to prevent this damage by jumpstarting muscle repair through protein synthesis. Further, amino acids are employed in animal feed to supplement the protein requirement of the animals. Such benefits offered by amino acid drives the global amino acid market.
Utilizing the expertise of Prinova group and capturing the opportunity of the growing food amino acid market, Nagase Group acquired Prinova Group in June 2019, LLC creating a uniquely competitive offering of food ingredients. Prinova is a chief manufacturer and distributor of premium nutrition ingredients for the global food and wellness industries. Through this deal, Nagase Group strengthens its dedication to expanding its global footprint in the food and nutritional ingredients industry. Nagase Group plans to leverage the new expertise to broaden its product portfolio and offerings to the market. The addition of Prinova’s knowledge, unique positioning, and portfolio offering enables Nagase to expand its food and nutrition ingredients value chain in North America, Europe, and also in Asia.
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Some of the key market players for this market are:
Further key findings from the report suggest
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Segments covered in the report:
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2020 to 2028. For the purpose of this study, Reports and Data have segmented the Global Food Amino acid market on the basis of type, livestock and region:
On the basis of type, the market for food amino acids has been segmented as follows:
On the basis of livestock, the market for food amino acids has been segmented as follows:
On the basis of application, the market for food amino acids has been segmented as follows:
Regional Outlook (Revenue, USD Million; 2019-2028, and Volume Metric Tons-2028)
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