Global Amino Acid Market 2020-2024
Technavio has been monitoring the global amino acid market and it is poised to grow by USD 10.80 bn during 2020-2024, progressing at a CAGR of 11% during the forecast period. Our reports on global amino acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increasing health consciousness among people.In addition, expanding application of amino acids in skin care products is anticipated to boost the growth of the global amino acid market as well.
Technavio's global amino acid market is segmented as below:
- Animal Feed
- Food And Beverages
- North America
- South America
Key Trends for global amino acid market growth
This study identifies expanding application of amino acids in skin care products as the prime reasons driving the global amino acid market growth during the next few years.
Prominent vendors in global amino acid market
We provide a detailed analysis of around 25 vendors operating in the global amino acid market, including some of the vendors such as Ajinomoto Co. Inc., AMINO GmbH, Archer Daniels Midland Co., Cargill Inc., CJ CheilJedang Corp., Daesang Corp., Evonik Industries AG, Fufeng Group Ltd., Global Bio-chem Technology Group Co. Ltd. and Kemin Industries Inc. .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.