Key Players Europe Amino Acids Market 2022-2029
The Europe Amino Acids Market Growth Globally at a rate of 6.6% in the forecast period 2022 to 2029.
Europe Amino Acids Market Size
The Europe amino acids market is gaining significant growth due to the growing food & beverage industry and the rise in demand for healthy and nutritional food products. The increase in demand for amino acids in the animal feed industry is also boosting the growth of the Europe amino acids market. However, stringent government regulations associated with amino acids are expected to restrain the market growth of amino acids demand during the forecast period.
- Data Bridge Market Research analyses that the Europe amino acids market will grow at a CAGR of 6.6% from 2022 to 2029.
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Market Dynamics – Europe Amino Acids Market
Drivers
- Increasing demand for amino acids in various industries
The rising demand for amino acids from food, pharmaceutical, nutraceutical, animal feed chemical, and other industries is expected to drive the amino acid market. This demand is due to the health benefits associated with various amino acids.
The rising health consciousness of consumers has raised the demand for healthier food products. This has encouraged food and beverage manufacturers to produce products infused with essential nutrients such as amino acids, which has resulted in a rise in demand. Furthermore, bodybuilders and athletes are turning to protein-rich foods to improve their performance and muscle building. Among these items are sports supplements such as energy drinks, nutrition bars, reduced carbohydrate meals, and nutrition supplements. Several amino acids are employed in muscle development and bodybuilding supplements. It is necessary to consume protein and amino acids in order to grow muscle.
Hence, the use of amino acids in various industries is boosting the growth of the amino acid market. As amino acids play an important role in manufacturing different products, including food, beverages, and chemicals.
- Advancements in biotechnology used for the production of amino acids
To manufacture amino acids, biotechnological approaches are commonly used. It is important in the synthesis of amino acids. Modern biotechnology is used to boost output yield. For example, genetic and metabolic engineering are employed to enhance strains. However, enzyme catalysis will likely continue to be the primary approach for producing amino acids and their derivatives.
For instance,
In January 2022, according to the article in Springer Nature, biosensors that are genetically encoded have been developed to monitor the microbial manufacture of certain BCAAs and BCAA-derived compounds. The endogenous Leu3p regulator of BCAA metabolism can be used to create genetically encoded biosensors for BCAA-derived products like isobutanol and isopentenyl
Hence, the technological advancement for the production of amino acids has made the production of amino acids quite easier and more efficient which has led to more manufacturers entering the market as well as helping in increasing the production capacity of already existing market players due to which the market growth of amino acids is increasing.
Opportunity
- Growing demand for amino acids for dietary supplements
The amino acids are widely popular as dietary supplements among athletes and physically-active individuals because they can treat a sprain, muscle soreness, and mental fatigue. The demand for amino acid supplements is increasing as it helps enhance performance and nitrogen retention, increasing enhance performance and enhance nitrogen retention, increase muscle mass, prevent sports anemia by promoting an increased synthesis of hemoglobin, oxidative enzymes, and myoglobin during aerobic training. The factor as mentioned above is expected to boost the demand for amino acid supplements and will provide lucrative opportunities for amino acids in the market. Moreover, increase awareness regarding the health benefits of amino acids for dietary supplements such as enhancing the musculoskeletal system, regulating digestion, maintaining body weight, supporting the immune system, enforcing a healthy sleep cycle, and others among consumers are increasing the demand for amino acids supplements, which in turn increases the demand for amino acids among dietary supplement manufacturer. The rising demand for amino acid supplements among consumers to lead the desired lifestyle enables manufacturers to launch new products in the market.
Restraint/Challenge
- High competition among the market players
The high competition among the already existing market players poses a significant challenge for the new players who wish to enter the market as several players are offering high-quality amino acids products for different end-users including food & beverages manufacturers, the pharmaceutical industry, dietary supplements manufacturers, and others. The existing players in the market, such as AJINOMOTO CO., INC., EVONIK INDUSTRIES, ADM, Sichuan Tongsheng Amino acid Co., Ltd, and others, offer a large number of different amino acids product for different applications and are constantly engaged in launching new products with high-quality, therefore, causing major competition in the market. Moreover, some local players and small-scale manufacturers, which some local players and small-scale manufacturers offer low-quality products or counterfeit products at cheaper prices, affecting the global amino acids market. In addition, an increase in the number of manufacturers offering a wide range of amino acids for different applications will cause tough competition for the other players in the market.
Europe Amino Acids Market Country Level Analysis
The countries covered in the Europe amino acids markets report are Germany, Spain, France, Italy, U.K., Netherlands, Belgium, Switzerland, Russia, Turkey and the Rest of Europe.
Germany dominates the Europe amino acids market. This is due to the growing demand for amino acids in various industries such as food, feed, agriculture, pharmaceuticals.
The country section of the report also provides individual market impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Europe brands and their challenges faced due to high competition from local and domestic brands, and the impact of sales channels are considered while providing forecast analysis of the country data.
Europe Amino Acids Market Share Analysis
The Europe amino acids market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies’ focus on Europe amino acids market.
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Key Players Europe Amino Acids Market
Some of the market players are Merck KGaA, Ajinomoto Co., Inc., KYOWA HAKKO BIO CO., LTD., Evonik Industries AG, ADM, Prinova Group LLC., Daesang, Adisseo ,CJ CheilJedang Corp. , Global Bio-chem Technology Group Company Limited. , Sunrise Nutrachem Group Co.,LTD, Sichuan Tongsheng Amino acid Co., Ltd , FUFENG GROUP , Asiamerica Group, Inc. and Sumitomo Chemical Co., Ltd.
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
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