Asia Pacific Amino Acids Market Size & Outlook, 2023-2030
Asia Pacific amino acids market, 2018-2030 (US$M)
Related Markets
Asia Pacific amino acids market highlights
- The Asia Pacific amino acids market generated a revenue of USD 12,641.2 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, non-essential was the largest revenue generating type in 2023.
- Essential is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 12,641.2 million |
| Market revenue in 2030 | USD 23,541.8 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Non-essential |
| Fastest growing segment | Essential |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Essential, Non-essential |
| Key market players worldwide | Archer-Daniels Midland Co, Ajinomoto Co Inc, Martin Bauer Group, DSM, Evonik Industries AG, Global Bio-chem Technology Group Co Ltd, Kirin Holdings Co Ltd, Merck KGaA, Wacker Chemie AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 46.4% of the global amino acids market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 23,541.8 million by 2030.
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Amino Acids Market Scope
Amino Acids Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific amino acids market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to amino acids market will help companies and investors design strategic landscapes.
Non-essential was the largest segment with a revenue share of 53.13% in 2023. Horizon Databook has segmented the Asia Pacific amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to be the fastest-growing market for amino acids during the forecast period owing to increasing overall consumer spending, growing adoption of a healthy lifestyle by the masses, and flourishing end-use industries such as nutraceutical, pharmaceutical, personal care, and cosmetics.
Increasing amino acids production in the region and surging exports of feed additives from key countries such as Japan and China are anticipated to contribute to the market growth. The burgeoning population in developing economies such as China and India, along with the presence of a young population, has resulted in high demand for amino acids.
Rising pork consumption in China is expected to drive the demand for amino acids in the country. Increasing health concerns among the masses and their surging medical expenditure are expected to fuel the demand for dietary supplements in China, thereby augmenting the demand for amino acids used in these supplements in the country.
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Target buyers of Asia Pacific amino acids market databook
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Our clientele includes a mix of amino acids market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific amino acids market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific amino acids market size, by country, 2018-2030 (US$M)
Asia Pacific Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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