BOSTON, Dec. 31, 2024
"Commercial amino acids are key ingredients used in industries like food, medicine, and animal feed. They help make protein supplements, medicines, and improve animal feed nutrition. With growing demand in healthcare and food production, the market for these amino acids is steadily increasing."
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BOSTON, Dec. 31, 2024 /PRNewswire/ -- According to the latest study, the demand for Commercial Amino Acids was valued at $30.1 billion in 2023. It is expected to grow from $31.8 billion in 2024 to $42.8 billion by 2029, at a compound annual growth rate (CAGR) of 6.1% from 2024 through 2029.
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This report gives an overview of the global commercial amino acids market, covering its size, growth, key product types, and applications. It analyzes the factors driving the market, challenges, and opportunities, focusing on uses like animal feed, food flavoring, and special applications. The report also profiles leading companies, examines regional differences, and predicts upcoming market trends.
Interesting facts:
Factors contributing to the market's growth include:
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Report Synopsis
Report Metric
Details
Base year considered
2023
Forecast period considered
2024-2029
Base year market size
$30.1 billion
Market size forecast
$42.8 billion
Growth rate
CAGR of 6.1% from 2024 to 2029
Segment covered
By Product Type, Application, and Region
Regions covered
North America, Europe, Asia-Pacific, LATAM, and Rest of the World (RoW)
Market drivers
• Rising use of amino acids in nutraceuticals.
• Expanding uses of amino acids across multiple industries.
• Growing population driving the demand for amino acids.
• Amino acids in cancer treatment.
This report addresses the following key questions:
1. What is the projected size and growth rate of the commercial amino acids market?
The market is projected to grow from $30.1 billion in 2023 to $42.8 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.1% during the forecast period.
2. Which market segments are covered in the report?
The commercial amino acids market is segmented based on product type, application, and region.
3. Which application segment will dominate the market in 2029?
The animal feed application is expected to contribute the highest share in the market in 2029.
4. Which regional market is growing the fastest?
Asia-Pacific has the fastest growing market.
Leading companies in the market include:
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