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(MoneyNewsWire.Net, April 11, 2018 ) The global market is projected to grow at a CAGR of 7.8% from 2016 to 2022, to reach a projected value of USD 6.82 Billion by 2022. The increase in demand for food amino acids has been observed in the recent years, due to the increase in the demand for processed and convenience foods. Also, growing inclination of consumers toward food and dietary products with additional health benefits is fueling the demand for food amino acids.
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The nutraceutical & dietary supplement segment, by application, is estimated to lead the food amino acids market, in 2016. The infant formula segment is projected to have the highest growth rate during the forecast period followed by the convenience foods segment.
On the basis of the type, the glutamic acid segment is estimated to lead the food amino acids market, in 2016. This is due to the massive increase in demand for food amino acid as a flavor enhancer in various food and beverages such as snacks, sauces, and ready-to-eat soups. Additionally, growth in consumption of nutraceutical and dietary supplements, along with increase in awareness among consumers toward products with nutritive ingredients is expected to escalate the demand for food amino acids in the future. On the basis of source, food amino acids derived from the synthetic method are most widely used as compared to plant-based and animal-based amino acids, owing to the high purity amino acids offered by this segment.
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The Asia-Pacific region is projected to be the largest market from 2016 to 2022, India being the fastest-growing market in the region. Asia-Pacific is also projected to be the fastest-growing market during the forecast period, due to the rise in awareness among consumers toward products with healthy and nutritive ingredients and growth in trend of adding dietary supplements in regular diet.
The negative perception of consumers toward the amino acids such as monosodium glutamate that they could cause adverse reactions such as allergic reactions, weakness, headaches, and palpitations might hamper the growth of the global food amino acids market.
Ajinomoto Co. Inc. (Japan), is one of the key players in the food amino acids market and focuses on strengthening its product portfolio by continuously expanding its production capacity of food amino acids. The company’s core competencies are expansions in potential markets and strong product portfolio for food amino acids. This company constantly invests in its research & development activities, in order to enhance its new product offering and strengthen its presence across the globe.
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