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Specialty Amino Acids Market Size

  • Report ID: GMI10126
  • Published Date: Jul 2024
  • Report Format: PDF

Specialty Amino Acids Market Size

Specialty Amino Acids Market size was valued at USD 5.9 billion in 2023 and is anticipated to register a CAGR of over 7.7% between 2024 and 2032. Specialty amino acids are essential components of animal feed formulations, particularly for livestock and aquaculture. They are used to optimize animal nutrition, enhance growth rates, improve feed efficiency, and support animal health, thereby increasing the demand in the agricultural sector.

 

Amino acids are used in cosmetic formulations for their moisturizing, conditioning, and anti-aging properties. Specialty amino acids like arginine, lysine, and proline are particularly valued for their role in enhancing skin and hair health, driving demand in the personal care industry. Furthermore, specialty amino acids are used as critical components in pharmaceutical formulations and biotechnological processes. They are employed in the production of therapeutic proteins, peptides, and vaccines, as well as in cell culture media for biopharmaceutical manufacturing.
 

Moreover, the trend towards healthier lifestyles and functional foods has led to the incorporation of specialty amino acids into products such as sports drinks, energy bars, and meal replacements. These products are formulated to provide specific health benefits beyond basic nutrition.
 

The production of amino acids can be costly, especially for pharmaceutical-grade and specialty amino acids that require stringent purity and quality standards. High production costs can limit market entry for new players and affect profit margins for existing manufacturers. Furthermore, amino acids are derived from raw materials such as vegetable proteins, animal by-products, and petrochemicals. Fluctuations in raw material prices due to factors like weather conditions, geopolitical tensions, and market demand-supply dynamics can impact production costs and pricing stability in the amino acid market.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of specialty amino acids reached USD 5.9 billion in 2023 and is set to witness over 7.7% CAGR between 2024 and 2032, owing to the rising product demand across the pharmaceutical industry.

The specialty amino acids industry size from the fermentation segment is expected to reach around USD 4.2 billion in 2032, as fermentation offers high efficiency in the production of amino acids compared to traditional chemical synthesis methods.

Asia-Pacific market is expected to be worth around USD 4.4 billion by 2032, due to the growing emphasis on R&D activities in biopharmaceuticals.

ADM Company, Ajinomoto Co., Inc., Cargill, Incorporated, Evonik Industries AG, Fufeng Group Company Limited, Hebei Huayang Group Co., Ltd., IRIS BIOTECH GmbH, Novus International, RSP Amino Acid, LLC, and Sumitomo Chemical Co. Ltd. among others.

Specialty Amino Acids Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 155
  • Countries covered: 23
  • Pages: 210
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