The Amino acid market pertains to organic compounds that combine an amino group (-NH2) with a carboxyl group (-COOH). They are the building blocks of proteins and play a vital role in various metabolic activities in the human body. L-amino acids are widely used in dietary supplements, sports nutrition, medical nutrition, infant nutrition, and animal nutrition. Some key applications of amino acids include supplements, animal feedstock, food & beverages, and pharmaceuticals. The pharmaceutical segment is expected to witness lucrative growth owing to increasing demand for amino acids in cancer treatment, diabetes treatment, nutrition supplements, and other therapeutic areas. For instance, L-glutamine is used to reduce chemotherapy side effects. L-arginine is administered to improve circulation and treat erectile dysfunction.
The Global Amino Acid Market Size is estimated to be valued at US$ 27.4 Bn in 2023 and is expected to exhibit a CAGR of 10% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics
Increasing demand from the pharmaceutical industry: Amino acids serve as precursors and intermediates in various metabolic pathways such as DNA/RNA synthesis, intermediates in aromatic amino acid synthesis and acetyl CoA synthesis. They are increasingly used in pharmaceutical preparations due to their roles in regulating biochemical reactions, cell growth & repair, energy levels and nutritional deficiency disorders. Rising demand for amino acids from pharmaceutical manufacturers will augment the market growth over the forecast period.
Growth of the dietary supplements industry: Dietary supplements enriched with amino acids such as glutamine, tryptophan, lysine, arginine etc. are gaining popularity among health-conscious consumers for enhancing muscle mass, improving exercise recovery, reducing stress and promoting overall well-being. Amino acids have emerged as an important ingredient in sports drinks, medical nutrition and infant formula as well. This rising consumption of dietary supplements will propel the amino acid market in the coming years.
Segment Analysis
The amino acid market is segmented into lysine, methionine, threonine, tryptophan, and others. Lysine dominates the market currently with a share of over 25%, due to its high demand from the animal feed industry. Lysine is an essential amino acid for animals and its demand is growing with the rising meat consumption around the world.
PEST Analysis
Political: The growth of the amino acid market is positively impacted by supportive government policies and regulations regarding the use of amino acids in various applications like nutritional supplements, pharmaceuticals etc. However, stringent environmental regulations can increase production costs.
Economic: The growing economy and rising disposable income is driving the demand for high quality meat and nutritional supplements containing amino acids. This is fueling market growth.
Social: Changing lifestyle and growing health consciousness is raising the demand for dietary supplements containing essential amino acids. The demand is high among health conscious consumers and growing geriatric population.
Technological: Biotech and fermentation technologies are helping reduce production costs of amino acids. Advanced technologies for large scale fermentation and separation processes are being adopted by manufacturers.
Key Takeaways
The global amino acid market is expected to witness high growth over the forecast period.
Regionally, North America accounts for the largest share currently due to high demand from animal feed and pharmaceutical industries in the US and Canada. However, Asia Pacific is projected to emerge as the fastest growing market led by countries like China and India.
Key players operating in the amino acid market are Intomics, GENinCode, NanoString, Tepnel Pharma Services Limited, Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd. and Merck & Co., Inc. Key players are investing in expanding production capacities to meet the growing demand for amino acids. They are also adopting strategies like mergers and acquisitions to strengthen their market position.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
