Market Overview:
In the upcoming years the global market for food amino acids is expected to develop tremendously. Industry experts believe that this market has the capacity to earn as much as USD 5.98 billion during the forecast period of 2018-2022. In terms of CAGR the market is estimated to tread forward at the rate of 6.6%.
There are many factors that collectively drive the growth of this market. Out of these the increasing demand for nutrition rich food products is the primary driver. People of all ages are looking for food that tasty as well as nutritious. This can only be achieved after adding food amino acids.
Another aspect that will aid in the development of the market is the upsurge in the ratio of people consuming dietary supplements. As people are becoming health conscious the demand for this compound is experiencing a much-needed hike.
Additional drivers for this industry are namely the many benefits of food amino acids like muscle enhancement, arthritis pain relief and strengthening of the immune system.
Although, the market may be stopped short by certain obstacles like lack of sufficient raw material supply. But with time the market will overcome these difficulties.
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Key Players & Growth Strategies:
Amino GmbH, Evonik industries, Ajinomoto Co., Inc., & Brenntag AG are some of the major players of this industry. The main growth strategies used by these players is to invest in research and development and establish partnerships with other companies.
Understanding Food Amino Acids:
Food amino acids are an important part of the amino acid family. They are essential for the human body. Amino acids play a pivotal role in protein synthesis which is why they are considered so important for the human body. Lately, the food industry has started making extensive use of food amino acids. This in turn has given impetus to the global food amino acid market.
Food amino acids have become an inseparable part of the food industry over the years. One of the unique qualities that this element possesses is that it can enhance flavor. Due to this majority of the food companies use it as an additive in their products. The body gets benefitted by the consumption of such products because it can also serve as an antioxidant. And lastly it can also improve your energy levels as it is high in nutrition.
Apart from the food industry food amino acids are also ruling the dietary supplements industry. This is because of their high nutritional value. On the whole it can be concluded that the current food and supplements industry cannot function without food amino acids.
Industry Segmentation:
The global food amino acids market is divided into several parts that include, types, sources, applications and regions.
On the basis of types, the market is separated into valine, lysine, methionine, glutamic acid, phenylalanine & leucine. Out of these the portion which holds the largest market share happens to be glutamic acid.
On account of sources, the market is bifurcated into synthetic sources & natural sources. The natural sources is further branched into plants and animals. Out the two main segments the natural sources grab the larger market share because people are always looking for food items that have a natural origin.
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Pharmaceuticals, dietary supplements, nutraceuticals, food additives & infant food formula form the applications segment.
Geographically the market is fragmented into North America, Europe, Asia Pacific & Rest of the World.
Innovations
The worldwide food amino acids market has witnessed many innovative product launches over the years. One of the most recent and most effective ones is RARI Amino Mend amino acid supplement. This has proven to enhance the muscle strength and recovery capabilities of the recipients.
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