NEW YORK, Aug. 2, 2021 /PRNewswire/ — The amino acid market is set to grow by USD 9.33 billion, progressing at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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The amino acid market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis.
Major Three Amino Acid Market Participants:
Ajinomoto Co. Inc.
Ajinomoto Co. Inc. operates business through various segments such as Japan Food Products, International Food Products, Life Support, Healthcare, and Other segments. The company offers a wide range of amino acids.
Daesang Corp. operates business through various segments such as Food Business, Ingredient Business, and Distribution Business. The company offers amino acids such as arginine, lysine, and other amino acids.
Evonik Industries AG
Evonik Industries AG operates business through various segments such as Specialty additives, Nutrition and care, Smart materials, Performance Materials, and Services. The company offers a wide range of amino acids.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/amino-acid-market-industry-analysis
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Amino Acid Market 2021-2025: Segmentation
The amino acid market is segmented as below:
The amino acid market is driven by the growing demand for use in sports supplements. In addition, the increasing health consciousness among people is expected to trigger the amino acid market toward witnessing a CAGR of almost 8% during the forecast period.
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Amino Acid Market Application Outlook (Revenue, USD billion, 2020-2025)
Animal feed – size and forecast 2020-2025
Pharmaceuticals – size and forecast 2020-2025
Food and beverages – size and forecast 2020-2025
Amino Acid Market Geography Outlook (Revenue, USD billion, 2020-2025)
APAC – size and forecast 2020-2025
Europe – size and forecast 2020-2025
North America – size and forecast 2020-2025
South America – size and forecast 2020-2025
MEA – size and forecast 2020-2025
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