North America Amino Acids Market Size & Outlook, 2023-2030
North America amino acids market, 2018-2030 (US$M)
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North America amino acids market highlights
- The North America amino acids market generated a revenue of USD 4,740.5 million in 2023.
- The market is expected to grow at a CAGR of 8.5% 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, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,740.5 million |
| Market revenue in 2030 | USD 8,385.0 million |
| Growth rate | 8.5% (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, North America region accounted for 17.4% 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 |
|---|
North 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 51.78% in 2023. Horizon Databook has segmented the North America amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of amino acids market in North America can be attributed to rising demand for these acids from the animal feed and nutraceutical industries based in the region. North America is home to leading animal feed-producing countries of the world, including the U.S. and Canada.
The U.S. was one of the largest animal feed producers and exporters in 2022 and is expected to continue dominating animal feed production and animal feed exports globally in the coming years.
The rising consumer awareness regarding safety and hygiene related to animal products, coupled with the outbreak of animal diseases, and has augmented the demand for animal feed in North America.
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Target buyers of North America 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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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 North America amino acids market , including forecasts for subscribers. This continent databook contains high-level insights into North America amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America amino acids market size, by country, 2018-2030 (US$M)
North America Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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