Market Overview
The increasing sale of Food Amino Acids is driven by the raising health consciousness and diverse application of the ingredient in the food sector. Technology developments in various countries of the developed regions has led to the innovation in flavors of processed foods increasing the sale of Food Amino Acids. The market share of Food Amino Acids is high amongst the population of present young generation based on the high preference towards healthy food products with high nutritional values. Raising focus on research and development sector of the food industries has influenced the positive growth rate of the market. The consumption of Food Amino Acids products is high in Asia-Pacific and is evaluated to increase at a positive growth rate in various other regions.
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Market Forecast
Globally the Food Amino Acids market share as a potential ingredient is estimated to escalate at a higher growth rate which is supported by the rising consumption of convenience foods. The raising demand for healthy food ingredients is supporting the sale of food amino acids in the market. The developing economy of various regions are fueling up the market demand for Food Amino Acids products.
All these factors contribute to the calculated CAGR of 5.7% of Food Amino Acids market during 2017-2023.
Downstream analysis-
Consumption of food amino acid as nutraceuticals and dietary supplements is increasing at a higher CAGR backed by raising consumer’s preference for protein containing food products. Also, the application as dietary supplements amongst the population of sportspersons is found to be gaining high popularity. Amongst the sources from which food amino acids are extracted, the natural-sourced food amino acid especially from plants is found to hold a lion’s share.
This is backed up by the high consumer’s preference for natural and plant based food product which are free of allergens and artificial additives. The popularity of ready-to-eat food products is with high nutritional value and enhanced flavor is supporting the growth of Glutamic acid segment as a flavor enhancer. Consumer are more inclined towards consumption of Food Amino Acids providing fair amount of nutrients which has led to intense focus on the R & D sector of the manufacturing industries.
Competitive analysis-
The major key players in Food Amino Acids market are
Ajinomoto Co., Inc. (Japan)
Archer Daniels Midland Company (U.S.)
Prinova Group LLC (U.S.)
Brenntag AG (Germany)
CJ Cheil Jedang (South Korea)
Kyowa Hakko Kirin Co., Ltd (Japan)
Evonik Industries (Germany)
Sumitomo Chemical Co., Ltd (Japan)
Sigma-Aldrich Corporation (U.S.)
Amino GmbH (Germany)
Processed food manufacturers across various regions follow the strategy of innovating new flavors in their existing product line to expand their business due to which the demands of Food Amino Acids as a potential food additive is experiencing a surge. They food amino acid manufacturing industries are mainly focused on increasing their supply to developed regions where the demand of product is escalating at a high rate. In the Europe region, Germany is amongst the dominating countries holding a major share in food amino acids market and exports the product in various other countries of Europe which include Netherlands, Italy, Belgium, U.K. and others.
Regional Analysis
The Global Food Amino Acids Market is segmented into North America, Europe, Asia Pacific, and rest of the world (ROW). Asia-Pacific region holds a major market share followed by North America. The high demands for healthy food ingredients from the developed countries of these regions is contributing to the positive growth of food amino acids market. Raising awareness about consumption of food products with high antioxidants is supporting the growth of the market in developed countries of North America and Europe region. China, Netherlands, Belgium, Indonesia and U.S. are the major importers of Food Amino Acids.
Market Segmentation-
Global Food Amino Acids market is segmented by Source, Type, Application and Region
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