Food Amino Acids Market will be worth USD 19.6 billion by 2033 -
Future Market Insights Global and Consulting Pvt. Ltd. The Food Amino Acids Market is expected to be worth USD 19.6 billion by 2033, with South Korea Food Aminosleep and the United Kingdom Food Aminozacids Market Size estimated to be at USD 959.5 million. The global food amino acid market is forecast to moderate CAGR of 9.3% and be worth 8.1 billion USD by 2023. Key factors expected to drive food amino acids sales include an aging population in advanced nations, increasing health awareness, and consumer spending on dietary supplements, which have risen rapidly. Producing amino acids in emerging economies using inferior substitutes such as cassava or sorghum has led to a limited availability for synthesis of amino acids, leading to limited availability of raw materials for other foods. The United States and UK companies are expected to hold a sizeable share of the global market due to increased demand for amino acids as functional foods and the growing use of glutamic acid as a flavor enhancer in a variety of foods and beverages. Foreign companies have significant market share due to their respective markets and natural product approvals. However, the stringent regulatory requirements, volatility in grain prices and regulatory framework are additional difficulties that the food aminoacid market needs to consider.
Published : 2 years ago by akrambakha678 in Business Finance
Ingredient manufacturers use food amino acids to enhance the nutritional benefits of food and beverages. South Korea Food Amino Acids Market is expected to be at USD 959.5 million during the forecast period. The United Kingdom Food Amino Acids Market Size is Estimated Value of US$ 386.9 Million by 2033
DUBAI, United Arab Emirates, March 21, 2023 (GLOBE NEWSWIRE) — The global food amino acid market is expected to moderate CAGR of 9.3% during the forecast period. The current valuation of the food amino acid market is expected to be worth 8.1 billion USD by 2023. The value of the market for food amino acids is expected to reach a high level USD 19.6 billion by the year 2033.
Key factors expected to drive food amino acid sales include an aging population in advanced nations, increasing health awareness, and consumer spending on dietary supplements, which has risen rapidly.
Over the past few years, the price of raw materials required to produce amino acids, such as soybean oilseeds, wheat and corn, has fluctuated. This trend is expected to continue in the forecast period due to increasing consumption of raw materials for the manufacture of other foods, which has led to a limited availability for synthesis of amino acids. Other obstacles that cause shortages of raw materials for the production of amino acids include short-term causes such as rising energy prices.
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Producers are often forced to produce amino acids in emerging economies using inferior substitutes such as cassava or sorghum. Compared to corn and soybeans, these replacement components are less digestible. The production of food amino acid components is now the focus of ingredient manufacturers to improve the nutritional qualities of functional foods and beverages. An important amino acid whey protein component, for example, was introduced in 2021 by a market participant specifically for the South American yogurt industry.
Fitness enthusiasts are falling more and more in love with functional meals and drinks that include BCCA because they promote muscle building and improve exercise efficiency. To meet the growing demand from fitness channels, manufacturers of sports supplements are creating a series of products based on amino acids. For example, several companies have increased the scope of their product offering with the introduction of a new BCCA functional drink that promotes muscle repair.
As lysine is required for hormone, antibody and enzyme modulation, injury and surgery healing, muscle development, bone strength maintenance and bone strength maintenance. The market for these acids is expected to grow as glutamic acid is more often used as a palatable component in a variety of foods and beverages, including sauces, snacks and ready-to-eat soups. Over the coming years, the market expansion is expected to be driven by the increasing demand for amino acids as functional foods and the growing use of glutamic acid as a flavor enhancer in a variety of foods and beverages.
Amino acids have a wide range of uses, from flavor creation and preservation to serving as a nutrient or building block of protein to specialty substances such as aspartame. These applications are expected to drive the industry.
However, the stringent regulatory requirements, especially in Western countries, for the amount and purity of amino acids that should be consumed daily in dietary supplements are expected to hamper market expansion. Alternative protein sources, volatility in grain prices and regulatory framework are additional difficulties that the food amino acids market needs to consider.
• The United States is expected to hold a sizeable share of the global food amino acid market throughout the forecast period. In the United States, healthy hydration has gained increased acceptance. In addition, well-known beverage manufacturers are creating nutrient-dense beverages, including amino acid beverages, to strengthen their position in the healthy beverage markets.
• During the forecast period, the food amino acid market in Japan is expected to grow significantly. The market for food amino acids currently belongs to it. A hybrid drinkable health supplement with essential amino acids and whey protein has been developed by leading companies in the country and is a great help to anyone who exercises.
• The tryptophan product category is expected to generate the highest revenue over the forecast period due to its use in increasing serotonin levels in the brain and its ability to promote sleep.
• As amino acids treat muscle fatigue and discomfort and maintain cardiovascular health, the nutraceuticals & dietary supplements application type, which accounts for a significant share, is the most innovative for important companies.
Due to both domestic and foreign rivals, the global market for food amino acids is fragmented. In their respective niche markets, several companies have significant market shares. Large companies typically place great emphasis on natural events such as product approvals and the increasing demand for mood or performance enhancers. These factors are expected to drive the global food amino acid market to expand rapidly.
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• In April 2017, Steria Performance, a brand new amino acid blend including L-citrulline as one of its main ingredients, was introduced by Kyowa Hakko Bio Co.
• In October 2019, Lysine and methionine, two essential amino acids for the well-being of ruminants, are included in the amino acid supplement Kessent, which was introduced by Kemin Industries.
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4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (USD Million) and Volume (Metric Tons) Analysis, 2017 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Metric Tons) Projections, 2023 to 2033
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Food Flavor Enhancer Market Analysis: The global food flavor enhancer market is estimated to be worth USD 8,736 million by 2023. Future Market Insights expects the market to expand at a 6% CAGR, with a valuation of USD 16,251.1 between 2023 and 2033.
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Topics: Markets