The global amino acids market size will reach US$40.3 billion by 2027, expanding at a CAGR of 7.8% from 2020 to 2027 according to a new report by Grand View Research. Amino acids are essential compounds that play a vital role in protein synthesis and are responsible for the proper functioning of the human body. They help in reducing cardiovascular diseases, preventing muscle damage, and increasing metabolism. The firm explained that growing consumer awareness regarding healthy lifestyle, combined with increased consumption of meat and meat products, will to drive the demand for amino acids over the forecast period.
Other findings reveal that in 2019, the food and dietary supplements application segment dominated the market for amino acids. Food amino acids also observed substantial growth as they are used to enhance the flavour and nutritional value of food, the research firm said. Meanwhile, Asia Pacific dominated the market in 2019 due to high demand from the food and beverage sector, increasing consumer awareness concerning health, and growing consumer preference for functional foods. On the other hand, the market for amino acids in Europe will witness notable growth in forthcoming years owing to extensive growth in the region's pharmaceutical and nutraceutical sectors. (Image from Unsplash)
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