ASF and COVID-19 have Negatively Impacted the Global Demand for Amino Acids during 2019-2020

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Industry Experts, Inc published an updated and comprehensive report on Amino Acids. This new 2021 edition of market research report entitled "Global Amino Acids Market – Products and Applications" reveals that the Asia-Pacific market accounts for a lion’s share of global Amino Acids market with 60% in terms of volume and about 48% in terms of 48% in 2020.

Over the forecast period global demand for amino acids is projected to register a healthy CAGR of 5%, manly driven by above average growth in animal feed sector and sustained growth in nutraceutical and pharmaceutical sectors. Animal feed constitutes the largest, and the fastest growing application for amino acids globally. The global volume consumption of amino acids in animal feed and nutraceutical applications is projected to grow with corresponding CAGRs of 6.1% and 5.5% respectively.

Cornering an estimated share of 53.7% in 2020, the global value market for Amino Acids is the largest for Animal Feed applications, which is projected to reach US$15.8 billion by 2026 to reflect the fastest CAGR of 6% between the two years. Overall Amino Acids market growth was impacted by African Swine Fever (ASF) and COVID-19 with the slowest growth rates in terms of both volume and value in 2020.

The global report analyzes 17 amino acids comprising L-Glutamic acid/MSG, L-Lysine, Methionine, L-Threonine, L-Tryptophan, Glycine, L-Phenylalanine, L-Aspartic acid, L-Glutamine, L-Cysteine, L-Arginine, L-Alanine, L-Proline, L-Valine, L-Leucine, L-Isoleucine and L-Tyrosine. The study also analyzes the key end-use applications of amino acids including Animal Feed, Food & Beverages, Pharmaceuticals & Healthcare, Nutraceuticals, Cosmetics & Personal Care and Others. The global markets for the above-mentioned amino acid types and end-use applications are analyzed in terms of volume in metric tons and value in USD for 2012-2022 analysis period. A special focus is provided on specialty amino acids market for each region/country.

The global market for amino acids is segmented into five regions namely, North America, Europe, Asia-Pacific, South America and Rest of World. The regional markets further analyzed for 18 independent countries across North America – United States, Canada and Mexico; Europe – France, Germany, Italy, Netherlands, Poland, Russia, Spain and United Kingdom; Asia-Pacific – China, India, Indonesia, Japan and South Korea; South America – Brazil and Argentina. The market is analyzed in these major regions by key countries, by amino acid types and by major end-use applications in terms of both volume and value.

This 418 page global amino acids market study includes 437 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 21 key global players and 91 major players across North America – 15; Europe – 15; Asia-Pacific – 59; and South America – 2. The research also provides the listing of the companies engaged in manufacturing and supply of amino acids. The global list of companies covers the address, contact numbers and the website addresses of 219 companies.

California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.

For more details, please visit: https://industry-experts.com/verticals/food-and-beverage/global-amino-acids-market-products-and-applications

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