Commercial Amino Acids
- The global market for protein drugs is expected to increase from an estimated $1.1 billion in 2008 to $1.3 billion in 2013, a compound annual growth rate (CAGR) of 2.9%.
- Amino acids used as flavorants generated an estimated $510.4 million in 2008. This segment should reach $588.2 million in 2013, for a CAGR of 2.9%.
- The animal feeds segment was worth $472.4 million in 2008. This is expected to reach $526.4 million in 2013, for a CAGR of 2.2%.
This technical/marketing report updates a previous BCC Research study on commercial essential amino acids. Further, this study examines the current state of the commercial essential amino acid business, 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.
REASONS FOR DOING THIS STUDY
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.
Since the 20 protein amino acids can be arranged in any order to make any number of polypeptides, their potential for a variety of inventions in the field of medicine is extraordinary. Their current uses in animal feed and food additives will continue to grow as there are no substitutes for amino acids and their value has been well proven.
This comprehensive study provides facts, data, and insights to senior market and planning executives, venture capitalists and for the amino acid product interest community. It will assist manufacturers of products in any of the applicable markets, as well as technical personnel involved in research and development of production technology for commercial amino acids. This especially includes readers in:
- The chemical industry
- Research institutions involved with studying amino acids
- Amino acid manufacturing
- Industries that have amino acid byproducts
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.
With anticipated 2005 U.S. annual sales exceeding $900 million, the animal feed supplements market will remain the largest market category for amino acids.
The four amino acids used as food flavoring agents will account for more than $450 million in 2005.
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.
Twenty amino acids go into making up the commercial amino acid market. This group plays many roles in a variety of fields including foods, animal feeds, cosmetics, medicines, and biotechnology as well as some industrial applications. In dollar terms, the most important current uses are in the animal feed industries and human food uses.
The three primary categories of commercial amino acids in the U.S. represented a billion-dollar market for the first time in 1999. The U.S. amino acid market should again surpass the billion-dollar mark in 2000 as factories across the nation and around the world increase production and sales to meet a growing demand. The U.S. amino acid market will likely surpass $1.5 billion by 2005.
With anticipated 2000 U.S. annual sales exceeding $800 million, the animal feed supplements market represents the largest market category for amino acids. Export sales of amino acid animal feed supplements will exceed $250 million.