Amino Acids Market Size, Share & Trends Report

Amino Acids Market Size, Share & Trends Analysis Report By Type, By Source (Plant-based, Animal Based, Chemical Synthesis) By Grade, By End-use, And Segment Forecasts, 2024 - 2030

  • Report ID: 978-1-68038-453-6
  • Number of Pages: 177
  • Format: Electronic (PDF)

Research Methodology

A three-pronged approach was followed for deducing the amino acids market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for amino acids market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of amino acids market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Amino Acids Market Categorization:

The amino acids market was categorized into five segments, namely type (Essential, Non-essential), source (Plant-based, Animal-based, Chemical Synthesis, Fermentation), grade (Food Grade,Feed Grade, Pharma Grade), end-Use (Food & Beverage, Animal Feed, Pet Food, Pharmaceuticals, Vaccine Formulation, Personal Care & Cosmetics, Dietary Supplements, Agriculture), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The amino acids market was segmented into type, source, grade, end-Use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The amino acids market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-one countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Russia; Italy; Spain; Turkey; Netherland; China; India; Japan; South Korea; Indonesia; Thailand, Brazil; Argentina, South Africa, Saudi Arabia.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Amino acids market companies & financials:

The amino acids market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • Adisseo , Adisseo was established in 1939 in Antony, France. The company manufactures and distributes animal nutrition products worldwide. It operates through three business segments, namely, Performance Products, Specialty Products, and Other Products. The Performance Products segment of the company includes ammonium sulfate methionine, sodium sulfate, and vitamins. The Specialty Products segment of Adisseo offers enzymes, rumenprotected methionine, organic selenium, and probiotics additives, while its Other Products segment includes carbon disulfide, sulfuric acid, and processing powder services. Adisseo is one of the leading producers of methionine and methionine products in the world. It offers methionine in liquid and powder forms. The company has 15 manufacturing facilities, 2 industrial platforms, and 10 research centers, serving approximately 3,900 customers worldwide as of 2019. Adisseo markets its products under the brand names RODHIMET, SMARTAMINE, MICROVIT, ROVABIO, SELISSEO, ADISODIUM, and alterion.

  • ADM , ADM was founded in 1902 in Chicago, USA. It produces oilseeds, corn, wheat, cocoa, and other agricultural commodities. It operates through Ag Services and Oilseeds, Carbohydrate Solutions, Nutrition, and Other segments. The company's Ag Services and Oilseeds segment develops, merchandises, transports, and stores agricultural raw materials. It also crushes and processes oilseeds such as sunflower seed, rapeseed, canola, soybeans, cottonseed, and flaxseed into vegetable oils and protein meals. The Carbohydrate Solutions segment of the company carries out corn and wheat wetting, dry milling, and other activities. The Nutrition segment of ADM offers products for use in food products and beverages, nutritional supplements, aquaculture applications, livestock feed and premixes, and pet food.

  • Ajinomoto Co., Inc. , 1925 Tokyo, Japan ~33,461 Ajinomoto Co., Inc. manufactures and distributes amino acids and amino acid-based products and other specialty products worldwide. The company was established in 1925 in Japan. It employs more than 30000 people and offers its products in healthcare, food processing, pharmaceutical, personal care, and animal nutrition applications. Ajinomoto Co., Inc. operates through four business segments, namely, Japan Food Products, International Food Products, Life Support, Healthcare, and Others. Its product portfolio includes various amino acids such as lysine, valine, tyrosine, and threonine, as well as tryptophan-based products.

  • AMINO GmbH , A Germany-based company, AMINO GmbH, manufactures high-quality processed amino acids, specifically catering to the requirements of the pharmaceuticals, medical, cell culture, and nutraceutical industries across the world. The company's product portfolio includes an extensive range of amino acids, such as cystine, leucine, aspartic acid, glycine, and alanine. The products offered by AMINO GmbH are available in oral and infusion grades with European and U.S. certifications. The company also offers premix formulations through its recently launched subsidiary, AMixCo Premix GmbH. These premixes are used for developing pharmaceutical and dietetic products and are tailor-made according to customers' requirements.

  • Bill Barr & Company , NA Bill Barr & Company distributes specialty ingredients used in animal and pet food manufacturing across the globe. It procures and markets ingredients of the highest quality, which adds value to customers' formulations. The product portfolio includes amino acids, buffers, enzymes, minerals, premixes, and other specialty ingredients. The supply partners of Bill Barr & Company include AB Vista, Ajinomoto Inc, American Colloid Company, Balchem Inc., and Distributors Processing Inc.

  • BI Nutraceuticals , U.S. based BI Nutraceuticals develops and distributes plant-based specialty ingredients worldwide. Although The Martin Bauer Group has acquired it, the two companies will continue to operate independently in the coming years. The products of BI Nutraceuticals are used in the food and beverages, personal care products, nutraceuticals, and pet care industries. Its product portfolio includes botanical extracts, powders, and tea, nutritional ingredients (fibers, proteins, and amino acids), and value-added ingredients that are organically sourced. Amino acids the company developed are sold in powdered and granular forms. BI Nutraceuticals operates as a subsidiary of MB-Holding GmbH & Co. KG.

  • Blue Star Corp. , Blue Star Corp. specializes in producing and distributing amino acids for use in various industries. The company's product range includes a wide variety of amino acids, such as essential amino acids, non-essential amino acids, and branched-chain amino acids, which are used in food and beverages, pharmaceuticals, sports nutrition products, and animal nutrition products.

  • CJ CheilJedang Corp. , CJ CheilJedang Corp. is a food company established in 1953 in Seoul, South Korea. The company manufactures ingredients used in food products, pharmaceuticals, and biotechnology applications worldwide. The company operates through two business segments, namely, Food and BIO. Amino acids, including lysine, tryptophan, and valine, are marketed by CJ CheilJedang Corp. through its BIO business segment. The company has 11 production facilities in six countries and sales offices in 37 countries. Its amino acids are used in several end-use applications, including animal feed, food products, and cosmetics, and are sold under the brand names Best Amino and Aminature.

  • DAESANG , Corp. is a food company that operates through the Food and Ingredient business segments. The company employs more than 5000 employees in its food business, which includes general food, ingredient distribution, and food research. It also has a center for food safety. The Ingredient business segment of Daesang Corp. carries out starch and sweetener, bio, lysine, and ingredient research.

  • DSM , 1902 Herleen, Netherlands ~18,731 DSM NV manufactures and sells nutritional and pharmaceutical ingredients and industrial chemicals. The company was established in 1902 in Herleen, Netherlands. Business operations require a workforce of around 20000 employees. It operates through the Nutrition, Materials, Innovation Center, and Corporate Activities business segments. The Nutrition segment of the company caters to the requirements of the food and beverages, dietary supplements, animal feed, infant nutrition, pharmaceuticals, and personal care products industries worldwide. The Materials segment of DSM NV deals with specialty plastics, which are used for developing electrical and electronics components, automobile parts, flexible food-packaging products, and consumer goods. The Innovation Center segment of the company focuses on innovation and the growth of the company's existing core businesses through the adoption of adjacent technologies. The Corporate Activities segment of DSM NV consists of operating and servicing activities.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Amino Acids Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Amino Acids Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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