DUBAI, UAE. 23th September
2019: Amino Acids Market demand was
estimated at 6.19 million tons in 2013, with historical consumption propelled
by l-glutamine and lysine’s application in dietary supplements and animal feed
respectively.
Increasing meat consumption which has further driven
livestock production will be a source for amino acids demand in future.
Countries such as Vietnam, Australia, and the Philippines have registered
tremendous increase in pork, cattle and swine production in the recent years.
This trend is expected to continue in the future course, which will cast a
positive influence on the industry dynamics.
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Amino acids such as lysine are widely used in swine &
poultry feed due to their properties to synthesize protein and subsequently
optimize their growth. Furthermore, methionine and tryptophan are gaining
prevalence among consumers due to their beneficial properties when ingested as
supplements in the treatment of various health conditions such as Parkinson’s
disease, schizophrenia, allergies and depression.
The global market dynamics are influenced by regulations by
agencies such as American Feed Industry Association (AFIA), Center for
Veterinary Medicine (CVM), and European Food Safety Authority (EFSA), who are
responsible for standardizing the usage of amino acids along with their supply
and storage.
Product Insights
L-glutamine is a major product and accounted for nearly 50%
of the market volume in 2015. Glutamine is widely used as an additive in food
& dietary supplement and therefore marketed as medical food. Furthermore,
its usage as a counter medication for side effects of medical treatments such
as chemotherapy and neuropathy will further strengthen its position in the
industry.
Key amino acids used as animal feed ingredients include
lysine, methionine, threonine, and tryptophan. Growth of these products is
highly influenced by meat production trends. Asian markets which have been
registering greater meat consumption volumes as a result of economic growth and
evolving lifestyles are likely to yield high growth opportunities in future.
Application Insights
Animal feed, food & dietary supplements, and
pharmaceuticals are major applications of amino acids which collectively
account for 95% of the global consumption.
Standardization of animal feed ingredient usage across various
developing markets, particularly that of Asia, will provide impetus for
producers to specialize their product offerings for feed industry. Furthermore,
investments by feed manufacturers in Asia will likely give rise to the industry
concentrating in Asia Pacific, specifically to better cater the regional
demand.
Regional Insights
Asia Pacific was the dominant consumer and accounted for
nearly half of the market value in 2015. The region’s growth is largely
influenced by positive outlook on animal feed, pharmaceutical and nutraceutical
manufacturing.
Relatively lax regulatory structure across the regional
markets have been influential in driving demand in the recent past. However,
initiatives by governments to regulate the usage of ingredients (to avoid adverse
effects due to the usage of dietary products, feed, and medicines) would drive
the industry towards a mature and structure phase.
North America and Europe are characterized by high consumer
awareness regarding the benefits of amino acids and considerable influence of
regulatory bodies on industry participants. Mechanisms that protect
manufacturing practices and safe movement of chemicals present a more mature
state of the industry in these regions.
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Global Amino Acids
Source Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Plant based
• Animal based
Global Amino Acids
Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
• Animal Feed
• Animal feed
by livestock
• Swine
• Poultry
• Cattle
• Others
• Food &
dietary supplements
• Pharmaceuticals
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