November 01, 2017
WELLESLEY, Mass., Nov 01, 2017 – Amino acids have commercial applications in many fields. By 2022, the total amino acid market in the United States is projected to reach nearly $2.5 billion. In a new report by BCC Research, the commercial amino acid industry is studied by current applications and emerging market opportunities.
Amino acids have important roles in food for human consumption, animal feed, cosmetics, medicines, biotechnology and some industrial applications. In dollar terms, the most important current applications are animal feed and human food. The three primary categories of commercial amino acids in the United States—animal feeds, flavorants and specialty uses—comprise a market in excess of $1.9 billion. Accounting for 18% of global consumption, the U.S. market is anticipated to undergo a compound annual growth rate (CAGR) of 4.8% from 2017 to 2022, according to the report Commercial Amino Acids.
The greatest increase will be in the use of amino acid combinations, which hold great promise in fighting numerous diseases affecting every major system in the body.
“Animal feed supplements represent the largest market category for amino acids, and rapid increases will occur as new separation and purification techniques are developed,” said Robert G. Hunter, senior editor, healthcare. “Livestock populations remain near record-high levels, due to increasing exports, a growing population and the desire for leaner meats.”
Flavorants Comprise Second-Largest Market Segment
Globally, amino acids used in food flavoring accounted for roughly $3.8 billion in 2017. Projected growth is tied to the production and use of the artificial sweetener aspartame (a derivative of aspartic acid and phenylalanine). Aspartic acid will also be used as an additive to detergents. Isoleucine may be increasingly used in the animal feed industry if production costs decrease.
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Commercial Amino Acids( BIO007L )
Publish Date: Oct 2017
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