REPORT HIGHLIGHTS
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The U.S. amino acid market will likely surpass $1.5 billion by 2005. Annual growth should be 3.3% on average per year (AAGR) while individual amino acids could see growth spurts.
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With anticipated 2005 U.S. annual sales exceeding $900 million, the animal feed supplements market will remain the largest market category for amino acids.
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The four amino acids used as food flavoring agents will account for more than $450 million in 2005.
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Sales of specialty amino acids used for feeding solutions, pharmaceuticals, biotechnology and medical applications, are expected to rise at an AAGR of 6.5% to about $150 million in 2005.
SUMMARY FIGURE
U.S. AMINO ACIDS MARKET SIZE, THROUGH 2005
($ Millions)
Source: BCC, Inc.
REPORT SCOPE
INTRODUCTION
This technical/marketing report updates a previous BCC, Inc. study on commercial essential amino acids. Further, the study examines the current state of the commercial essential amino acid , and presents an in-depth analysis that forecasts and tracks significant changes in the marketplace and identifies those amino acids with current or potentially greater commercial significance.
Commercial interest in amino acids is an outgrowth of an understanding of the many functions that these life-giving substances perform in humans and animals. As understanding of the functions and properties of amino acids increases, new commercial applications enter development, while current commercial uses continue to expand their markets on a worldwide basis. New production technology continues to make large-scale production of these products more economical. In turn, increased availability creates newer and larger markets for these vital substances.
Amino acids gained commercial significance shortly after the turn of the century with the discovery of the flavor-enhancing quality of glutamic acid and the marketing of monosodium glutamate in Japan. Increased knowledge of the role amino acids play in the value of nutritional protein led to their being used to fortify animal feeds, as food supplements for humans, and to sustain seriously ill patients who had to be fed with intravenous solutions.
SCOPE OF THIS REPORT
This study focuses on three commercial amino acid markets:
- animal feed supplements
- flavoring and nutritional additives for human food
- specialty uses including medical, therapeutic, research and industrial applications.
This report further analyzes the products, applications, technology, international aspects, industry structure and profiles of key companies/organizations involved in the supply of advanced novel separations systems.
METHODOLOGY
Much of the information in this technical/marketing report has been gathered through telephone conversations with key industry figures, as well as conversations with some of the academic experts in amino acid research. The balance of the information comes from available trade, technical, and government publications as well as an on-line data search of databases that cover all existing literature, and an evaluation of patents and company/research activities including foreign work with future applicability in the U.S.
All value of shipments and value of manufacturers' sales refer to specific markets in the U.S. International perceptions are given where appropriate. Volume and value figures are expressed in millions of pounds (lb/MM) and millions of dollars ($/MM) unless otherwise indicated. To make projections for the 2001 time period, the report relies on information regarding forces affecting specific markets, expected product introductions, and anticipated pricing.
Where precise information was not forthcoming in some cases, a consensus was made using a formulation of reasonable assumptions and estimates based on historical data. Projections are for the 2000-2005 time period.
