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Strategies Major Players are Adopting in Amino Acids Market

Global increase in livestock production on account of increasing meat consumption is expected to remain a key driving factor for amino acids market over the next seven years. The Global Amino Acids Market is expected to reach USD 35.40 billion by 2022, according to a new study by Grand View Research, Inc.


Increase in dietary supplements demand owing to growing geriatric population and improved health standards particularly in emerging markets of Asia Pacific and Latin America is also expected to have a positive influence on the market growth.

Increase in flavor enhancing products such as aspartame derived from l-aspartic acid and phenylalanine owing to increasing food & beverages consumption is expected to fuel market growth further. Steady supply of key raw material is expected to remain a key challenge for market participants over the forecast period.

L-glutamic acid emerged as the leading amino acid product segment and accounted for over 40% of total market volume in 2014. Lysine, threonine, methionine and tryptophan are majorly consumed feed additives for livestock production. Tryptophan is expected to be the fastest growing amino acid with an estimated CAGR of 18.0% from 2015 to 2022. Ban on bone meal across various regional markets is expected to remain a key driving factor for this segment over the forecast period.

Plants were the leading source for manufacturing amino acids and accounted for 86.0% of the total market volume in 2014. Animal based amino acids are expected to grow at an estimated CAGR of 4.0% from 2015 to 2022.

To Know More About Amino Acids Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/amino-acids-market 

Animal feed was the leading application segment and accounted for 52.5% of the total market volume in 2014. It is also expected to witness the highest growth of 6.2% from 2015 to 2022. Recent disease outbreak has prompted the demand for amino acids in animal feed, which is expected to drive this segment. Global amino acids demand for pharmaceuticals is expected to register a growth of 5.6% from 2015 to 2022.

Top Players of Amino Acids Market:

Some major companies include Ajinomoto Co., Cargill Inc., Evonik Industries AG, ADM, Prinova U.S. LLC, Royal DSM. Other industry participants include Iris Biotech GmbH, Nanjing Liang Chemical, Sunrise Nutrachem Group, Tokyo Chemical Industry, Novus International Inc., Anaspec Inc., CJ Cheil Jedang Corporation and Adisseo France SAS.

Market Segmentation of Amino Acids Market:

The Global Amino Acids Market segmented on the basis of Source, Application and Region.

By Product:

L-Glutamate
Lysine
Methionine
Threonine
Tryptophan
Leucine
Iso-leucine
Valine
Glutamine
Arginine
Glycine
Phenylalanine
Tyrosine
Citrulline
Creatine
Proline
Serine

By Source:

Plant based
Animal based

By Application:

Animal Feed
Animal feed by livestock
Swine
Poultry
Cattle
Food & dietary supplements
Pharmaceuticals

Inquire about Amino Acids Market with Our Experts @ https://www.grandviewresearch.com/inquiry/722/ibb 
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