The Food Amino Acid Market is expected to reach USD 10.58 Billion by 2028, growing at a CAGR of 8.23% from 2021 to 2028. The rising demand for convenience and processed foods is accounted for the high growth of Food Amino Acids in the market. In addition, the increasing demand for food and dietary products is propelling the growth of the Food Amino Acids market in the coming years.
- Based on the application segment, the nutraceuticals and dietary supplements segment are anticipated to witness high demand of the Food Amino Acids market at a CAGR of 8.2% during projected years. This is owing to the rising demand for functional and nutritive additives across the globe.
- On the basis of type segment, the glutamic acid segment is projected to dominate the Food Amino Acid market at a CAGR of 10.3% during the forecast period. Increased use of flavor enhancers in various food and beverages products such as ready-to-eat soups, sauces, and snacks is fuelling the Food Amino Acid market growth in coming years.
- Asia Pacific is accounted to be the fastest developing region than others at a CAGR of over 8.9% during the forecast period. This is attributed due to the increasing purchasing power and increase in income. In addition, increasing awareness in consumers to have nutritional and healthy products in their diet is driving the Food Amino Acid market demand in the region.
Some of the key players of the Food Amino Acid market are Prinova Group LLC, Ajinomoto Co. Inc., Merck KGaA, Daesang Corporation, Royal DSM, Brenntag AG, Kemin Industries, Novus International, Inc., Sumitomo Chemical Co. Ltd, and AMINO GMBH, among others.
When talking about dietary supplements, protein is always in the top position and amino acids have primarily used for protein formation. It also provides multiple health benefits in human nutrition. For example; glycine has been used for treating some rare inherited metabolic disorders and also used to protect kidneys from side effects. Also, leucine has been used as muscle protein. All these factors are considered to bolster the growth of the Food Amino Acid market in the near future. In addition, increasing diet plans in order to take rich protein and increasing awareness towards nutritional foods are expected to boost the market demand over the projected years.
The Asia Pacific carries a high Food Amino Acid market share, owing to the high use of amino acids as a flavor enhancer in the food industry. In addition, the availability of a large number of amino acid importers in the region is further fuels the market demand in the region. Due to the economic development in China, there is a high demand for quality processed foods, which in turn drives the steady growth of the Food Amino Acid market in the region.