The global amino acids market is predicted to hit US $12.8 billion by the year 2017. Market growth is set to be driven by increasing applications in various end-use segments such as dietary supplement products, artificial sweeteners, animal feed and cosmetics, among others.
Additionally, product innovations and the growing popularity of health foods and sports nutrition is expected to substantially add to the rising demand in the amino acids market.
Amongst all the amino acids, lysine is expected to emerge as the fastest growing segment in the market, due to its increased utilisation in poultry and swine diets. Phenylalanine, glutamic acid, threonine, and tryptophan are the other major amino acids that are widely being used in various commercial end-use applications.
Glutamic Acid, also known as glutamate, represents the largest segment in the amino acids market. Found in several food ingredients, glutamic acid is involved in providing humans with the sense of taste, particularly when combined with salt.
The US market for amino acids represents 20% of the global market with $1.2 billion in 2011, this is likely to exceed $1.4 billion by 2016, a compound annual growth rate (CAGR) of 2.8% to 2016.
Asia-Pacific, the region backed by strong support from the developing markets of China and India ranks as the amino acids market leader, both in terms of sheer size as well as growth potential. The region is stated to be the largest producer as well as consumer of amino acids worldwide, with extensive use of monosodium gluatamate being the key contributor to its overall impressive growth.
Asia-Pacific is slated to advance over the years at a vibrant CAGR of 4.9% through 2017. Heightened demand from Chinese animal feeds market is a major catalyst contributing significantly to the dominance of Asia in the global market.
For more information on the amino acids market, see the latest research: Amino Acids Market Report
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