Latin America Amino Acids Market Size & Outlook, 2023-2030
Latin America amino acids market, 2018-2030 (US$M)
Related Markets
Latin America amino acids market highlights
- The Latin America amino acids market generated a revenue of USD 2,763.8 million in 2023.
- The market is expected to grow at a CAGR of 6% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 2,763.8 million |
| Market revenue in 2030 | USD 4,147.3 million |
| Growth rate | 6% (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, Latin America region accounted for 10.2% 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 |
|---|
Latin America 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 53.21% in 2023. Horizon Databook has segmented the Latin America amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
The amino acids market in Central & South America is growing at a significant rate owing to the rising consumption of meat and meat-based products in the region. Countries such as Brazil and Ecuador are some leading meat consumers in Central & South America. In addition, Brazil is one of the major global producers and exporters of meat.
Surging meat consumption in the country has fueled the requirement for high-quality meat production. This, in turn, is anticipated to drive the consumption of additives in animal feed consumed by livestock in the coming years, thereby contributing to the demand for amino acids used in the feed additives industry.
Argentina and Ecuador are also significant consumers of meat and consumers in the region. Commonly occurring diseases such as BSE (bovine spongiform encephalopathy) are a major threat to meat processors as infected meat is hazardous for human consumption.
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Our clientele includes a mix of amino acids market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America amino acids market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America amino acids market size, by country, 2018-2030 (US$M)
Latin America Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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