Amino Acids Market Analysis, Size, Growth, Share & Outlook, Forecast to 2027 | Grand View Research Inc.
The global amino acids market size is projected to reach USD 40.3 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.8% from 2020 to 2027. Growing consumer awareness regarding healthy lifestyle, coupled with increasing consumption of meat and meat products, is anticipated to drive the demand for amino acids over the forecast period. Amino acids are essential compounds that play a vital role in protein synthesis and are responsible for proper functioning of human body. They help in reducing cardiovascular diseases, preventing muscle damage, and increasing metabolism. These properties have resulted in their extensive consumption in dietary and other pharmaceutical applications in the healthcare industry. Commercially, amino acids are derived from various plants and animal sources, which include soybean, corn, wheat, blood, skin, and hair usingfermentation, extraction, and chemical synthesis. Research and development activities related to improving the yield and quality of extracted amino acids are being carried out across the globe. The food and dietary supplements application segment dominated the market for amino acids in 2019. Food amino acids observed substantial growth as they are used to enhance flavor and nutritional value of food. The animal feed application segment