Amino Acid Market : Global Industry Analysis , Trends , Market Size and Forecasts up to 2023
as well as adoption of modern technologies for manufacturing amino acids by the manufacturers will bring more opportunities to the global amino acid market . Hence , tight supply of raw material such as corn , soybean and wheat is likely to pose a challenge to growth of global amino acid market over the forecast period .
Segments Covered :
The report segments the amino acid market by product type , by source , by application and by region . Market segmentation based on product type includes L-glutamate , lysine , methionine , tryptophan , threonine , glutamine , valine , creatine , proline , serine and others . Moreover , the global amino acid market based on source is segmented into plant based and animal based . Furthermore , based on application the market is segmented into animal feed , food & dietary supplements , pharmaceutical and others . The animal feed application segment is further classified as swine , poultry , cattle and others .
Geographic Coverage and Analysis :
The report provides regional analysis covering geographies such as North America , Europe , Asia-Pacific , Latin America and Rest of the World . In this section the key trends and market size for each geography is provided over the period of 2017 – 2023 . Asia Pacific dominated the world amino acid market in terms of production and is likely to continue its dominance over the forecast period due to presence of key players and maximum amount of pork is being exported by the region especially from China . Moreover , Asia Pacific is anticipated to grow at a highest CAGR rate over the forecast period due to increasing population coupled with disposable income and up-gradation of lifestyle with increasing demand for nutritional & protein supplements . North America and Europe are the second largest market for amino acid following the Asia Pacific . Europe is likely to witness moderate growth due to increasing demand from food and dietary supplements . Furthermore , North America is expected to grow at a substantial rate due to rising obesity and increasing awareness among youngsters as well as shifting trend towards the bodybuilding coupled with rising demand for protein intake especially in U . S and Canada . However , Latin America amino acid market is also likely to witness a significant growth rate owing to major beef exports especially from Brazil .
© Infinium Global Research Page 4