About Amino Acid
Amino acids are organic compounds made up of amines (NH2) and carboxylic acid (COOH) functional groups. They act as building blocks of proteins and as metabolic intermediates. Amino acids are the core of all biological processes, as they are crucial for every metabolic process. Additionally, they aid in the development, repair, and maintenance of body tissues.
Even though the human body can produce some amino acids, it requires certain other essential amino acids that can only be obtained by consuming food rich in them. Amino acids such as lysine, methionine, and threonine are used as animal feed additives. Certain amino acids such as proline, glycine, and arginine are also used as ingredients in pharmaceutical products.
Technavio’s analysts forecast the global amino acid market to grow at a CAGR of 7.29% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global amino acid market for 2016-2020. To calculate the market size, the report considers the consumption of amino acids in terms of volume in the following applications:
Technavio Announces the Publication of its Research Report – Global Amino Acid Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Amino Acid Market: Ajinomoto, Amino, Archer-Daniels-Midland, Cargill, CJ CheilJedang, Evonik Industries, and Sumitomo Chemical.
Other Prominent Vendors in the market are: Adisseo, Changzhou Yabang Chemical, Daesang, Fufeng Group, Glanbia Nutritionals, Global Bio-chem Technology Group, Iris Biotech, Jiahe Biotech, Kemin Industries, Kyowa Hakko Bio, Langen Suzhou, Novus International, Prinova Group, Royal DSM, and Sunrise Nutrachem Group.
Commenting on the report, an analyst from Technavio’s team said: “Amino acids are finding applications in the global skin care market. While highlighting the use of amino acids for skin care, there are four fundamental amino acids (proline, glycine, leucine, and lysine) that are effectively utilized in building collagen. Collectively, this combination formula functions as an exfoliate, attempts to enhance moisture retention, and is effective as an antioxidant, subsequently fortifying the skin even in harsh climate conditions.”
According to the report, the demand for amino acids is driven by the increase in production of animal feed, which, in turn, is largely dependent on growing meat consumption. Global per capita meat consumption was around 91.05 pounds per capita in 2015, and it is anticipated to rise to 99.87 pounds per capita by 2030. The increased per capita global consumption of meat is due to the increase in the overall population, which is driving the global animal feed market, which, in turn, is the main impetus for increasing the production capacity and supply of amino acid-based animal feed products in the market.
Further, the report states that the prices of amino acids are influenced by market dynamics. These prices are directly affected by the changes in prices of raw materials and the demand for feed-use amino acids. Vendors in the market keep changing the prices of amino acids.
Ajinomoto, Amino, Archer-Daniels-Midland, Cargill, CJ CheilJedang, Evonik Industries, Sumitomo Chemical, Adisseo, Changzhou Yabang Chemical, Daesang, Fufeng Group, Glanbia Nutritionals, Global Bio-chem Technology Group, Iris Biotech, Jiahe Biotech, Kemin Industries, Kyowa Hakko Bio, Langen Suzhou, Novus International, Prinova Group, Royal DSM, Sunrise Nutrachem Group.