Market Research News Global Amino Acids Market (2016-2024)- Research Ne | Page 2

Global Amino Acids Market Overview
Amino Acids Market By Application (Animal Feed, Food & Dietary Supplements,
Pharmaceuticals) By Type (Lysine, Mehtionine, Theronine, Glutamine, Others) By
Source (Plant Based, Animal Based) and Region - Global Forecast 2016 to 2024.
Amino acid refers to organic compounds consisting of the amine and carboxyl
functional group. Amino acids help in increasing the metabolism and act as a
building blocks of protein. These acids are mainly utilized in manufacturing of human
supplements and animal feed additive. Amino acids supplements help in the
prevention of eye and cardiovascular diseases in human. In recent years, utilization
of amino acids to make healthy foods has been a major trend in food industry.
Further, top five producers of amino acids accounted for more than 70% market
share across the globe.
Market Size and Forecast
Global amino acids market is expected to flourish at a CAGR of 5.7% over the
forecast period. Further, the market of amino acids is anticipated to reach USD 30.8
Billion by the end of 2024. This can be attributed to various factors such as growing
consumer awareness and rising demand for healthy and functional food. Further,
increasing consumption of dietary supplements is expected to positively impact the
growth of Gobal Amino Acids Market.
In the regional platform, Asia Pacific accounted for the major market share in global
amino acids market. Asia Pacific is expected to continue its dominance over the
forecast period. This growth can be attributed to rising disposable income and
increasing demand for dietary supplements in the region. Further, famers are
adopting amino acids over antibiotics for their livestock animals. This factor is
anticipated to fuel the growth of global amino acids market during the forecast
period. Japan and China are anticipated to the major contributor to the growth of
Asia-Pacific amino acids market.
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