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