02.23.11
The global market for amino acids is forecast to reach $11.6 billion by the year 2015, according to a new report from Global Industry Analysts, Inc.
Growing demand for amino acids in various end-use markets, including animal feed, health foods, dietary supplement products, artificial sweeteners and cosmetics is expected to fuel market growth in the coming years.
The amino acids market witnessed a decline in demand during 2008 and 2009, primarily because of turmoil in the global economy. Slowdown in various end-use markets negatively impacted the market growth during the period. However, the scenario is expected to improve in the near term following the recovery in economy and new demand emerging from end-use markets.
Research activities are critical for amino acids market, as they lead to the discovery and development of new products, as well as end-use applications. In the past, research has contributed to the growing application of amino acids in healthcare and cosmetics market. In addition, utilization of amino acids in nutritional food products and sports drinks has been made possible due to success of extensive research oriented programs. Though the pace of new product discovery has slowed down in recent years, the emergence of new applications holds immense potential for amino acids. Further, increased emphasis on specific benefits of amino acids, rather than focusing on overall wellness, is expected to open up new avenues for the market.
Animal feed additives represents a major end-use market for amino acids globally. Generally, feed additives are preferred to provide livestock, poultry, and other animals with adequate nutrients in their diet to address any deficiencies. Various amino acids such as lysine, methionine, tryptophan and threonine are used as feed additives. Methionine is a widely used amino acid in poultry feed and cattle feed. Of late, lysine is increasingly finding application as the most preferred amino acid additive in animal feed particularly for poultry and swine feed.
Asia-Pacific represents the largest regional market for amino acids worldwide. Extensive usage of monosodium gluatamate (MSG) over the past several years resulted in huge growth in the overall Asia-Pacific amino acids market. In addition, increased demand for amino acids from the Chinese animal feeds sector significantly reinforced the Asian dominance in the global market. Latin America is poised to demonstrate the fastest CAGR of 4.7% over the analysis period.
Glutamic Acid or glutamate represents the largest product segment within the amino acids market. Glutamate is a non-essential amino acid that is critical for effective functioning of cells and disposing of excess nitrogen from the human body. Glutamate is found in several food ingredients and also is involved in providing humans with the sense of taste, particularly in combination with salt. As a result, MSG, the sodium salt of glutamic acid, is extensively used for improving the flavor and functions as a food additive.
Lysine represents the fastest growing amino acids segment. Lysine is a critical additive in animal feed production. Globally, multi-polar developments are leading to intense competition within the lysine market, with China emerging as a crucial market for lysine production. Market for lysine is poised to demonstrate a CAGR of 5.4% over the analysis period.
Growing demand for amino acids in various end-use markets, including animal feed, health foods, dietary supplement products, artificial sweeteners and cosmetics is expected to fuel market growth in the coming years.
The amino acids market witnessed a decline in demand during 2008 and 2009, primarily because of turmoil in the global economy. Slowdown in various end-use markets negatively impacted the market growth during the period. However, the scenario is expected to improve in the near term following the recovery in economy and new demand emerging from end-use markets.
Research activities are critical for amino acids market, as they lead to the discovery and development of new products, as well as end-use applications. In the past, research has contributed to the growing application of amino acids in healthcare and cosmetics market. In addition, utilization of amino acids in nutritional food products and sports drinks has been made possible due to success of extensive research oriented programs. Though the pace of new product discovery has slowed down in recent years, the emergence of new applications holds immense potential for amino acids. Further, increased emphasis on specific benefits of amino acids, rather than focusing on overall wellness, is expected to open up new avenues for the market.
Animal feed additives represents a major end-use market for amino acids globally. Generally, feed additives are preferred to provide livestock, poultry, and other animals with adequate nutrients in their diet to address any deficiencies. Various amino acids such as lysine, methionine, tryptophan and threonine are used as feed additives. Methionine is a widely used amino acid in poultry feed and cattle feed. Of late, lysine is increasingly finding application as the most preferred amino acid additive in animal feed particularly for poultry and swine feed.
Asia-Pacific represents the largest regional market for amino acids worldwide. Extensive usage of monosodium gluatamate (MSG) over the past several years resulted in huge growth in the overall Asia-Pacific amino acids market. In addition, increased demand for amino acids from the Chinese animal feeds sector significantly reinforced the Asian dominance in the global market. Latin America is poised to demonstrate the fastest CAGR of 4.7% over the analysis period.
Glutamic Acid or glutamate represents the largest product segment within the amino acids market. Glutamate is a non-essential amino acid that is critical for effective functioning of cells and disposing of excess nitrogen from the human body. Glutamate is found in several food ingredients and also is involved in providing humans with the sense of taste, particularly in combination with salt. As a result, MSG, the sodium salt of glutamic acid, is extensively used for improving the flavor and functions as a food additive.
Lysine represents the fastest growing amino acids segment. Lysine is a critical additive in animal feed production. Globally, multi-polar developments are leading to intense competition within the lysine market, with China emerging as a crucial market for lysine production. Market for lysine is poised to demonstrate a CAGR of 5.4% over the analysis period.
