Europe Amino Acids Market Size & Outlook, 2023-2030
Europe amino acids market, 2018-2030 (US$M)
Related Markets
Europe amino acids market highlights
- The Europe amino acids market generated a revenue of USD 5,903.0 million in 2023.
- The market is expected to grow at a CAGR of 9% 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, Russia is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 5,903.0 million |
| Market revenue in 2030 | USD 10,790.9 million |
| Growth rate | 9% (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, Europe region accounted for 21.7% 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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Europe 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 51.37% in 2023. Horizon Databook has segmented the Europe amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing consumption of processed food in the form of meat coupled with growing livestock production is expected to drive the market in Europe over the forecast period. European countries such as Germany, the UK, France, and Italy have witnessed increased meat consumption over the past few years.
The growing utilization of animal feed additives comprising a proportionate amount of prominent amino acids including methionine, lysine, and threonine for improving animal growth performance is anticipated to drive the market. Besides, the rising demand for high-quality meat and meat products is anticipated to drive the feed additives market in the region, which, in turn, is expected to fuel amino acid consumption in the feed industry.
Europe is the second-largest compound feed producer in the world, with Germany and France being the major manufacturers of these types of feed. According to Feed & Additive Magazine, poultry feed accounts for a large share (almost one-third) of compound feed market in Europe in 2022.
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Our clientele includes a mix of amino acids market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe amino acids market , including forecasts for subscribers. This continent databook contains high-level insights into Europe amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe amino acids market size, by country, 2018-2030 (US$M)
Europe Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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