Food Amino Acids Market – Overview
The Global Food Amino Acids Market size is estimated to reach USD 6.81 billion and record a CAGR of 7.50% by the end of 2024. The emerging market opportunities for food amino acids appear to be conducive for the acceptance of processed food in Europe and North America region. Market Research Future, a firm which specializes in market reports related to the Food, Beverages & Nutrition sector among others, recently forecasted in its report on global food amino acids Market Research Report- Forecast to 2023 that the market will demonstrate an exceptional CAGR % while achieving good growth rapidly in the forecast period.
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Food amino acids are ingredients that are used across various sectors of the food industries. Food amino acids are mainly used as a food additive as it enhances the flavor. It also acts as antioxidants and imparts energy to the body. The high nutritional value obtained from the amino acids make its demand high in nutraceuticals and dietary supplements segments. The increasing intake of protein ingredients in food products by the consumers is found to influence the growth of the market. The high demand for processed food products is influencing the growth of food amino acids market as a key ingredient.
Latest Industry Updates
June 2016 Archer Daniels Midland Company launched PROPLEX® DY. PROPLEX® DY is composed of dried Saccharomyces yeast (non-active yeast), a source of highly digestible amino acids that provides nutritional benefits to the swine, poultry.
September 2017 Prinova USA made a collaboration with Zanda, LLC to manufacture and distribute Reginator, a patented combination of nine Essential Amino Acids (EAA) plus arginine. The amino acid is especially used for the sports nutrition.
November 2016 Evonik industries launched PentaQQ™, its new brand for pyrroloquinoline quinone (PQQ)
February 2016 Ajinomoto Co., Inc. has entered into an agreement today with Nestlé Japan Ltd. The collaboration will aid the company to upsurge the sales of food amino acids in the sports nutrition products.
September 2016 Ajinomoto Co., Inc. launched amino VITAL® GOLD in Brazil
Food Amino Acids Market – Competitive Analysis
Key manufacturers are focusing to enhance its brand name by arranging various promotional activities. The company has participated in various social media promotions, events and interaction with the consumers. The manufacturers have demonstrated their new product offerings to attract the new customers. By this strategy the product of the company will be popular among the consumers which will aid to increase the overall profitability of the company. Moreover, the key players are emphasizing in the research & development process to introduce new product also to extend the product line.
Food Amino Acids Market – Key Players
The key players profiled in food amino acids are
- Ajinomoto Co., Inc. (Japan)
- Kyowa Hakko Kirin Group (Japan)
- Evonik Industries AG (Germany)
- Sigma-Aldrich Corporation (US)
- Prinova Corporation (US)
- Daesang Corporation (South Korea)
- Qingdao Samin Chemical Co., Ltd. (China)
- Hugestone Enterprise Co., Ltd. (China)
- Brenntag AG (Germany)
- Pangaea Sciences Inc. (Canada)
- Kingchem Inc. (US)
- Pacific Rainbow International, Inc. (US)
- Taiyo International (US)
Food Amino Acids Market – Segments
Global food amino acids market has been divided into source, type, application, and region
Based on Source: Natural, and Synthetic
Based on Type: Glutamic Acid, Valine, Tryptophan, Leucine, Methionine, Phenylalanine, Lysine, and Others
Based on Application: Food Additives, Dietary Supplements, Nutraceuticals, Infant Food Formula, Pharmaceuticals, and Others
Based on Region: North America, Europe, Asia Pacific, and Rest of the World
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Food amino acids Market – Regional Analysis
The global food amino acids market is segmented into North America, Europe, Asia Pacific and Rest of the World. Among all the region, Asia Pacific is estimated to retain its dominance throughout the forecast period of 2017-2023. China is the major country in Asia Pacific region. It holds 30% market proportion in the Asia Pacific food amino acids market in the year of 2017. The growth of the food amino acids market in Asia Pacific is expected to be driven by various factors. One of the significant factors for the rising growth of food amino acids is the rising sales of processed food products in the developing economies.
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