Rising Applications and Demand for Amino Acids
The application area of amino acids is increasing rapidly across industries like food and beverages, pharmaceuticals, cosmetics, and dietary supplements. This, in turn, is creating a significant demand for amino acids globally, and the trend will likely continue during the forecast period.
Key Industry Players and Strategies
Leading companies, such as Ajinomoto Co., IRIS Biotech GmbH, BI Nutraceuticals, KYOWA HAKKO BIO Co., LTD., Bill Barr & Company, Amino GmbH, and Wacker Chemie AG, are heavily investing in research and development for exploring novel production techniques to improve efficiency and reduce overall costs. Similarly, they are launching novel products for specific applications, establishing new production facilities, and employing other strategies like mergers, partnerships, and collaborations to stay ahead.
Notable Product Launches
In December 2022, Ajinomoto Co., (Thailand) Ltd. launched a new amino acid-based product under the name ‘amino VITAL TM RED SHOT: Energy Focus, to service athletes and exercise enthusiasts. Ajinomoto is constantly utilizing advanced technologies to unlock the power of amino acids, and the new solution reflects the company’s commitment to promoting well-being of Thais.
Amino VITAL TM RED SHOT: Energy Focus is an energy gel in a small packet with 1,500 mg of amino acids, including 600 mg of BCAAs. It can provide 110 kcal, making it suitable for one-hour exercise.
Similarly, in May 2023, Evonik introduced a new generation of Biolys for animal feeds. The new Biolys contains a high concentration of L-lysine as well as other valuable components resulting from its fermentation process. It is intended to help customers to meet their animals’ requirements for the essential amino acid L-lysine.
According to a recent report published by Coherent Market Insights, the global amino acid market value is projected to increase from US$ 25.28 billion in 2022 to US$ 48.19 billion by 2030. Global demand for amino acids will likely rise at a steady CAGR of 8.4% during the assessment period.
Increasing usage of amino acids across industries like food & beverages, pharmaceuticals, animal feeds, and cosmetics is a prominent factor boosting growth of the global amino acid market. Similarly, growing geriatric population, high meat consumption, and rising popularity of plant-based amino acids will likely benefit the industry in the coming years.
Amino acids are being increasingly incorporated into food and beverage products, dietary supplements, infant formulas, functional foods, and sports nutrition items. Thus, increasing consumption of these protein-enriched products will eventually fuel sales of amino acids.
Technological Advancements in Amino Acid Production
“Continuous advancements in amino acid production technologies are expected to positively impact the industry growth during the forecast period,” says a lead analyst at Coherent Market Insights.
Companies are constantly looking to employ novel production technologies to improve efficiency and cost-effectiveness of amino acid production. This will make amino acid-based products accessible and more affordable, leading to their increased sales.
Regionally, Asia Pacific is anticipated to dominate the global amino acid industry during the assessment period. This is attributed to the region’s exploding population, rising adoption of healthy lifestyles, and expansion of end-use industries like food and beverage, dietary supplements, and animal feed. High meat consumption and surging demand for functional foods are also expected to spur sales growth in the region.
