Amino Acids Market Future Forecast Indicates Impressive Growth Rate Report By 2022
“Animal feed, food & dietary supplements, and pharmaceuticals are major applications of amino acids which collectively account for 95% of the global consumption.”
Industry Insights Global 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. 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.
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