Global Food Amino Acids Market - 2023-2030

Overview:

The Global Food Amino Acids Market reached US$ 6.5 billion in 2022 and is expected to reach US$ 11.4 billion by 2030, growing with a CAGR of 7.2% during the forecast period 2023-2030.

The increasing awareness regarding the health benefits of amino acids is boosting the global food amino acids market. Amino acids are used in protein synthesis and overall well-being. Consumers are seeking clean labels and natural ingredients in their food products. This trend is influencing the amino acids market, with a preference for naturally derived amino acids over synthetic ones.

The market is witnessing a surge in functional foods and beverages fortified with amino acids which are formulated to offer muscle recovery, immune support, and improved cognitive function. Amino acids like Branched-Chain Amino Acids are commonly used in the functional food and beverage segment. Manufacturers are also developing new products using fermentation and enzymatic processes in the market.

For instance, in January 2022, Coca-Cola's Powerade sports drink brand in the United States introduced a convenient, sports beverage featuring branched-chain amino acids. The demand for health-focused hydration options is on the rise in North America. In response to this trend, prominent beverage manufacturers are developing nutrient beverages, including those enriched with amino acids, to strengthen their presence in the health beverage market.

Asia-Pacific region is experiencing robust economic growth and urbanization, leading to increased consumer spending on food products. This growth is translating into a larger and more dynamic food amino acids market in the region. The region is witnessing a significant shift toward health and wellness, with consumers becoming more health-conscious driving the demand for functional and fortified foods, including those enriched with amino acids.

Dynamics:

Growing Consumer Awareness

As consumers become increasingly health-conscious, they are seeking out food products that offer nutritional benefits. Amino acids are essential for various bodily functions, and consumers are becoming more aware of their importance in maintaining good health. This awareness is likely to lead to a higher demand for food products fortified with amino acids, driving growth in the market.

Amino acids are the building blocks of proteins, and consumers are looking for alternatives to traditional animal-based proteins. Plant-based proteins contain essential amino acids gaining popularity among vegans and boosting the market for amino acid-rich plant-based food products. Manufacturers are developing new products to meet the consumer demand for functional foods and beverages. This expansion is driven by consumers actively seeking products that offer additional health advantages.

For instance, on February 25, 2021, Ulrick & Short introduced a novel protein to its ingredient lineup. This protein not only serves as a fortifying agent but also plays a crucial role in delivering comprehensive amino acid profiles within food products. When utilized alongside pea protein, this innovative ingredient known as "complex 24" ensures that finished products, including plant-based options, offer a well-rounded amino acid composition.

Increasing Urbanization

Urbanization often leads to changes in dietary habits with urban consumers typically seeking more convenience-oriented and processed foods lacking essential nutrients, including amino acids. Manufacturers are fortifying products with amino acids to meet the nutritional needs of the urban population creating a growing demand for fortified foods and driving food amino acids market growth.

Urban lifestyles are characterized by busy schedules and a preference for ready-to-eat and convenience foods. Processed foods often contain lower levels of naturally occurring amino acids due to the manufacturing process. To appeal to urban consumers looking for both convenience and nutrition, food companies incorporate amino acids into processed foods, thus driving growth in the amino acids market.

Urban living is often associated with heightened health awareness. As urban populations become more health-conscious, they seek out foods and beverages that offer specific health benefits. Amino acids are recognized for their role in supporting overall health, and the demand for products enriched with amino acids is likely to rise in urban markets.

Rising Health Consciousness

Health-conscious consumers are seeking nutrient-dense foods that provide essential amino acids. Amino acids are critical for bodily functions, and consumers are recognizing their role in maintaining good health driving the market for food and supplements enriched with amino acids. Health-conscious consumers looking to manage their weight and metabolism turn to products containing amino acids that support these goals fueling demand for the amino acids market.

Health-conscious consumers are looking for functional foods offering health benefits. Amino acids can be incorporated into various food products to enhance their nutritional profile. The market for amino acid-fortified functional foods is expanding as consumers seek out products with added health benefits. Plant-based proteins, such as those derived from legumes and grains contain essential amino acids, contributing to the overall amino acids market.

High Cost of Production

High production costs limit the accessibility of amino acid-fortified products to a broader consumer base. Smaller companies with limited resources struggle to enter the market, leading to potentially limiting market growth. Companies offer more competitively priced amino acid-enriched products with increased production costs. High production costs put some manufacturers at a disadvantage, potentially affecting their market share and profitability.

Research and development efforts to create new amino acid formulations or products may be constrained by high production costs. Innovations that could expand the market by introducing novel amino acid applications may be limited if the cost of production remains a significant barrier. In response to high production costs, consumers and manufacturers may seek alternative solutions or ingredients that provide similar benefits without the associated cost. This can lead to competition from substitute products, potentially limiting the market for amino acids.

Limited Consumer Acceptance

Consumers are not familiar with and accepting of amino acid-fortified food products, so the market demand for such products is limited. This can result in slower growth and adoption of amino acid-fortified foods in the market. Some amino acids have distinct tastes that are not well-received by consumers. These sensory attributes are not appealing, it can hinder consumer acceptance of amino acid-enriched products, affecting their market growth.

Limited consumer acceptance from a lack of awareness of the benefits of amino acids in the diet. Effective marketing efforts are crucial to inform consumers about the advantages of amino acid-fortified foods consumers are skeptical about the efficacy and safety of amino acid-fortified products, especially since they are not well-informed about the science behind them overcoming this building trust in the market can be challenging and hinder market growth.

Segment Analysis:

The global food amino acids market is segmented based on type, source, application, and region.

Growing Consumer Preference for Plant-Based Food Amino Acids

The plant-based segment is dominating the global food amino acids market. The surge in consumer consciousness regarding health is precipitating a significant transition towards plant-based diets. There is a consistent upswing in the demand for plant-based food products enriched with amino acids, within the market. This expansion of the health and wellness product market is driven by consumers actively seeking food alternatives that are perceived as healthier.

Growing concerns about the environmental repercussions of animal agriculture, such as greenhouse gas emissions and land utilization, are steering numerous consumers towards adopting plant-based protein sources. This shift in dietary preferences is yielding a favorable impact on the market for plant-based amino acids. Manufacturers are also responding to consumer demand by developing new products.

For instance, on October 26, 2021, Ajinomoto's aminoVITAL introduced an innovative sports nutrition product. This advanced product relies on a unique blend of plant-based amino acids designed to optimize athletes' performance. aminoVITAL's specialized formulations are crafted to aid athletes in boosting their endurance, strength, and post-exercise recovery.

Geographical Penetration

Growing Population, Rising Disposable Income and Preference for Traditional Diets in Asia-Pacific

Asia-Pacific region is dominating the global food amino acids market. The region represents a significant consumer base for various food products with a growing population, including those fortified with amino acids. Consumers are willing to invest in premium food products with added nutritional benefits as disposable incomes are rising across countries in the region, further boosting the food amino acids market.

Various countries in the region have a strong culinary tradition that plant-based protein sources rich in amino acids, such as soy and legumes align with the increasing popularity of plant-based diets, contributing to the growth of the amino acids market. The region is witnessing substantial growth in food and beverage, leading to increased opportunities for incorporating amino acids into a wide range of products and driving market dominance.

COVID-19 Impact Analysis

The pandemic disrupted supply chains globally, affecting the availability of raw materials and causing logistical challenges that have led to production delays and fluctuations in the market. Lockdowns and restrictions on dining out led to a sharp decline in the demand for food service products, which are often fortified with amino acids. This demand reduction negatively impacted the market, particularly for products aimed at restaurants and catering services.

The economic downturn resulting from the pandemic has caused consumers to be more cost-conscious. This can lead to reduced spending on premium or specialty food products, including those fortified with amino acids, affecting market sales. COVID-19 has shifted consumer priorities toward essential items, such as staple foods and hygiene products. This shift may have temporarily reduced consumer interest in specialty products like amino acid-fortified foods and supplements.

However, the pandemic heightened consumer awareness of a healthy diet and a strong immune system. This increased emphasis on health and well-being drives demand for amino acid-fortified products marketed for their potential health benefits. E-commerce and online grocery shopping saw significant growth during the pandemic and potentially expanding the market growth.

Russia-Ukraine War Impact Analysis

The conflict has disrupted supply chains, particularly for key amino acid producers in the region. This has led to shortages and price fluctuations in the global market, impacting the availability of amino acids. Companies in the food industry have been exploring alternative sourcing strategies to reduce dependence on suppliers in the affected region. This has led to changes in market dynamics and supplier relationships.

Uncertainty and supply disruptions have caused significant price volatility in the food amino acids market. Buyers have had to adapt to rapidly changing prices. Some companies have diversified their amino acid sourcing by exploring suppliers from other regions, leading to a broader global market presence. Increased demand for amino acids from alternative suppliers has intensified market competition. This could lead to innovations and improvements in product quality.

By Type

• Lysine
• Glutamic Acid
• Methionine
• Tryptophan
• Others

By Source

• Plant-based
• Animal-based

By Application

• Functional Food and Beverages
• Dietary Supplements
• Infant Nutrition
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On July 18, 2022, CJ BIO, a prominent Korean amino acids provider, developed potent microbes and biostimulants as sustainable alternatives for plant protection and nutrition. These groundbreaking solutions are crafted exclusively from highly pure L-type amino acids, derived from microbial and plant-based sources.
• In October 2021, Arla Foods Ingredients introduced Lacprodan BLG-100, a pure beta-lactoglobulin (BLG) ingredient. This innovative product boasts 45% higher leucine content, the primary amino acid crucial for muscle development, compared to conventional whey protein isolates in the market.
• In July 2021, Ajinomoto launched a new amino acid supplement, backed by a clinical study and a randomized controlled trial (RCT), and aimed at reducing the risk of cognitive decline in middle-aged and older individuals who may be facing memory issues while maintaining good health.

Competitive Landscape

The major global players in the food amino acids market include: Ajinomoto Co. Inc., CJ CheilJedang Corp., Evonik Industries AG, Kyowa Hakko Bio Co. Ltd., Angus Chemical Co., Kaneka Eurogentec SA, Kemin Industries Inc., Molkem Chemicals Pvt. Ltd., Nagase and Co. Ltd., and Novasep Holding SAS.

Why Purchase the Report?

• To visualize the global food amino acids market segmentation based on type, source, application, and region, as well as understand critical commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous food amino acids market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of critical products of all the major players.

The global food amino acids market report would provide approximately 61 tables, 59 figures and 186 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies