Upcoming Growth Trends in the Food Amino Acids Market | Key Players are Evonik Industries AG, Sigma-Aldrich, Co. LLC, Prinova Group LLC, Brenntag AG, Pangaea Sciences Inc., Amino GmbH

The food amino acids market is estimated to account for USD 4.35 billion in 2016 and is projected to reach USD 6.83 billion by 2022, growing at a CAGR of 7.8% during the forecast period. In terms of volume, the global market is estimated at 2.20 KT in 2016 and is projected to reach 3.08 KT by 2022. The increase in demand for food amino acids has been observed in recent years, due to the increase in the demand for processed and convenience foods. Also, growing inclination of consumers toward food and dietary products with additional health benefits is fueling the demand for food amino acids.

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Based on type, the market is segmented into glutamic acid, lysine, methionine, phenylalanine, tryptophan, and others. The glutamic acid segment dominated the market in 2016. This is due to the massive increase in demand for food amino acid as a flavor enhancer in various food and beverages such as snacks, sauces, and ready-to-eat soups. Additionally, growth in consumption of nutraceutical and dietary supplements, along with an increase in awareness among consumers toward products with nutritive ingredients is expected to escalate the demand for food amino acids in the future.

On the basis of application, the market has been segmented into nutraceuticals & dietary supplements, infant formula, food fortification, convenience foods, and others. The nutraceuticals and dietary supplements segment is estimated to dominate the global food amino acids market in 2016. Increased demand for amino acids as nutritive and functional additives has been fueling the demand for global food amino acids globally. The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.

On the basis of source, the global market is segmented into plant-based food, animal-based food, and synthetic. The nutraceuticals and dietary supplements is estimated to dominate the global market in 2016. The growing trend of maintaining an active lifestyle has led to the addition of healthy and nutritive supplements in regular diets of consumers; this is expected to fuel the demand for amino acids in the nutraceutical & dietary industry in Asia Pacific. The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.

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The Asia-Pacific region is estimated to be the largest market for food amino acids in 2016. The increase in the use of food amino acid as a flavor enhancer in the food industry and growth in concern for healthy diet among consumers are fueling the demand for food amino acids in the Asia-Pacific market. Major demand for food amino acids from the dietary supplement industry has been seen due to the growing trend of adding dietary supplements in consumer diet in this region.

Key players identified in the food amino acids market include Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries AG (Germany), Sigma-Aldrich, Co. LLC (U.S.), Prinova Group LLC (U.S.), Daesang Corporation (Korea), Shaoxing Yamei Biotechnology Co., Ltd. (Japan), Qingdao Samin Chemical Co., Ltd. (China), Hugestone Enterprise Co., LTD. (China), Brenntag AG (Germany), Pangaea Sciences Inc. (Canada), and Amino GmbH (Germany) have a strong presence in the global food amino acids market.

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