Market Overview:

Amino acids are a variety of organic compounds that are produced from amino and carboxylic acid functional groups. Owing to their biological importance, amino acids are generally used in nutritional doses, food technology, and fertilizers. The amino acid, in industrial applications, is employed for the production of chiral catalysts, biodegradable plastics, and drugs. It is used in feed additives to improve metabolism and nourish animals like pigs, cattle, and broiler that are employed primarily for the consumption of meat. The Global Feed Amino Acids Market was valued at USD 16.99 billion in 2019 and is estimated to reach USD 22.81 billion by 2024, with a current CAGR of 6.07%.

Market drivers and restraints:

The market for feed amino acids is expected to show significant growth in the upcoming years and has been gaining interest around the world. Change in lifestyle along with growing awareness for maintaining a healthy diet, is probably to accelerate the demand for dietary supplements. Aspartame (methyl ester of natural amino acid dipeptide) is broadly employed in the food and beverage market as an artificial sweetener in bakery products, grains, syrups, fruit-based products and ready-to-drink drinks. The use of aspartame in food products is gaining comprehensive acceptance owing to its high health benefits and increasing consumer awareness.

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Report segmented as:

By type:

Tryptophan
Lysine
Methionine
Threonine
others
By livestock:

aquaculture
ruminants
swine
poultry
others
By physical form:

liquid feed amino acids
dry feed amino acids
Geographical analysis:

Based on geography, the world market is segmented into North America, Latin America, Europe, Asia-Pacific and Middle East & Africa. Asia Pacific has been holding the biggest market share, accounting for 35% of the total revenue. Following Asia Pacific are the European and North American markets, holding almost half the global share for amino acids market.

Important market players:

Some of the major players operating in the feed amino acids market are Sumitomo, Meihua Holdings, CJ CheilJedang, ADM, Sunrise Nutrachem, Ajinomoto Co., Inc., Evonik, Kemin, Adisseo, Global Bio-Chem, Novus, Phibro, and among others.

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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