Free Amino Acid Market To Grow By USD 1.26 Billion By 2028, Driven By Rising Health Consciousness And AI Powered Insights, Reports Technavio

NEW YORK, Oct. 29, 2024 /PRNewswire/ -- Report on how AI is driving market transformation- The global free amino acid market
size is estimated to grow by USD 1.26 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of
6.9%
during the forecast period.
Increasing health consciousness among people is driving market growth, with a trend towards increasing focus of vendors on new product launches. However, fluctuating prices of raw materials used in free amino acids production
poses a challenge. Key market players include Adisseo Co., Ajinomoto Co. Inc., Amino GmbH, Archer Daniels Midland Co., Blue Star Corp, Cargill Inc., CJ CheilJedang Corp., Daesang Corp., Evonik Industries AG, Fermentis Life Sciences Pvt. Ltd., Glanbia plc, Bio chem Technology Group Co. Ltd., Iris Biotech GmbH, Kyowa Hakko Bio Co. Ltd., Pacific Rainbow International Inc., Sichuan Tongsheng Amino acid Co. Ltd, Sigma Aldrich Chemicals Pvt Ltd, Sumitomo Chemical Co. Ltd., The Taiwan Amino Acids Co. Ltd., and Wacker Chemie AG.

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Key Market Trends Fueling Growth

The free amino acid market is experiencing a notable trend with vendors prioritizing new product launches to expand their market reach and cater to evolving consumer demands. For instance, Evonik recently announced the launch of an upgraded Biolys product for animal feeds, effective from June 1, 2023. The new Biolys version boasts a higher L-lysine concentration, now at 62.4%, representing an 80% ratio to Lysine HCl, up from the earlier 77%. This enhancement offers several benefits, including improved growth and health outcomes for livestock like swine and poultry. Additionally, Biolys stands out due to its low carbon footprint among feed additives, aligning with the growing emphasis on sustainability. This product innovation trend is prevalent in the free amino acid market, as companies strive to differentiate themselves with advanced formulations and enhanced offerings, capturing a larger market share and addressing customer needs and emerging trends.

The amino acids market is experiencing significant growth due to increasing demand from the nutraceutical industry for applications in immunity, depression, sleep difficulties, and various health conditions like Premenstrual Dysphoric Disorder, Bruxism, ADHD, and more. Soybean, wheat, and corn are common plant-based raw materials used for producing amino acids. Companies are focusing on vertical integration and biotechnology to enhance production efficiency. Proteinogenic amino acids find applications in nutritional food, sports supplements, animal feed, and antibiotics. Bodybuilders and athletes use amino acids for muscle growth. The market also caters to the food and beverage industry, agriculture, and pharmaceutical sectors. Red meat, shellfish, eggs, dairy products, quinoa, and soy products are natural sources of amino acids. Health benefits of amino acids extend to cancer, arthritis, tinnitus, and various other conditions. International sporting events and animal nutrition are significant consumers of feed additives. Companies like Impossible Foods are using amino acids to create environment-friendly fertilizers and dietary supplements.

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Market
Challenges

• The global free amino acid market is currently grappling with rising raw material costs, particularly for maize, soybeans, and wheat. Maize prices have seen a 20% increase in the first two months of 2024 compared to October of the previous year, primarily due to increased procurement activities and ethanol production. The poultry industry anticipates that up to 10-20% of the maize supply could be diverted towards ethanol production, potentially exacerbating the demand-supply imbalance. Soybean prices have been impacted by adverse weather conditions and geopolitical tensions, while wheat prices are influenced by global supply chain disruptions and trade policies. These fluctuations pose a significant challenge for free amino acid market producers, who may need to adjust pricing strategies or seek alternative raw materials to mitigate the impact of rising costs. Market stability during the forecast period will depend on strategic planning and adaptability.
• The Amino Acid market is thriving, driven by growing demand from various sectors. Nutritional food companies cater to health-conscious consumers seeking optimal nutrition from sources like red meat, shellfish, eggs, dairy products, quinoa, and soy. Bodybuilders and athletes rely on sports supplements for muscle growth and recovery, while animal feed manufacturers use amino acids as essential nutrients for livestock. Antibiotics and nutritional supplements share a market space, with amino acids playing a crucial role in both. In pharmaceuticals, amino acids are used in the production of antibiotics and nutraceuticals for human health. International sporting events fuel demand for performance-enhancing supplements, driving growth in the market. Animal nutrition, particularly poultry, benefits from feed additives like lysine. Impossible Foods and other plant-based food companies are revolutionizing the food and beverage industry with their amino acid-rich, environmentally-friendly products. Agriculture and agriculture-related industries, including fertilizer production, are exploring the use of biomass waste and hydrothermal treatment to create amino acids, reducing reliance on chemical-based agriculture. The market's future lies in digital solutions, sustainable practices, and addressing health issues like immune system support, cancer, arthritis, tinnitus, and environmental health.

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Segment Overview

This free amino acid market report extensively covers market segmentation by