South Korea Amino Acids Market Size & Outlook, 2023-2030
South Korea amino acids market, 2018-2030 (US$M)
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South Korea amino acids market highlights
- The South Korea amino acids market generated a revenue of USD 1,413.6 million in 2023 and is expected to reach USD 2,587.1 million by 2030.
- The South Korea 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.
Amino acids market data book summary
| Market revenue in 2023 | USD 1,413.6 million |
| Market revenue in 2030 | USD 2,587.1 million |
| Growth rate | 9% (CAGR from 2023 to 2030) |
| Largest segment | Non-essential |
| Fastest growing segment | Essential |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Korea accounted for 5.2% of the global amino acids market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China amino acids market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,706.3 million by 2030.
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Amino Acids Market Scope
Amino Acids Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Korea 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 53.22% in 2023. Horizon Databook has segmented the South Korea amino acids market based on essential, non-essential covering the revenue growth of each sub-segment from 2018 to 2030.
- South Korea Amino Acids Type Outlook (Revenue, USD Million, 2018-2030)
- Essential
- Histidine
- Isoleucine
- Leucine
- Lysine
- Methionine
- Phenylalanine
- Threonine
- Tryptophan
- Valine
- Non-essential
- Alanine
- Arginine
- Asparagine
- Aspartic Acid
- Cysteine
- Glutamic Acid
- Glutamine
- Glycine
- Proline
- Serine
- Tyrosine
- Ornithine
- Citrulline
- Creatine
- Selenocysteine
- Taurine
- Others
- Essential
- South Korea Amino Acids Source Outlook (Revenue, USD Million, 2018-2030)
- Plant-based
- Animal-based
- Chemical Synthesis
- Fermentation
- South Korea Amino Acids End Use Outlook (Revenue, USD Million, 2018-2030)
- Food & Beverages
- Bakery
- Dairy
- Confectionery
- Convenience Foods
- Functional Beverages
- Meat Processing
- Infant Formulation
- Others
- Animal Feed
- Pet Food
- Pharmaceuticals
- Vaccine Formulation
- Personal Care & Cosmetics
- Dietary Supplements
- Agriculture
- Other End-uses
- Food & Beverages
- South Korea Amino Acids Grade Outlook (Revenue, USD Million, 2018-2030)
- Food Grade
- Feed Grade
- Pharma Grade
- Other Grades
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Target buyers of South Korea 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 country-level data and insights on the South Korea amino acids market , including forecasts for subscribers. This country databook contains high-level insights into South Korea amino acids market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea amino acids market size, by type, 2018-2030 (US$M)
South Korea Amino Acids Market Outlook Share, 2023 & 2030 (US$M)
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