Product Insights
L-glutamine is a major product and
accounted for nearly 50% of the market volume in 2015. Glutamine is widely used
as an additive in food & dietary supplement and therefore marketed as
medical food. Furthermore, its usage as a counter medication for side effects
of medical treatments such as chemotherapy and neuropathy will further
strengthen its position in the industry.
Key amino acids used as animal feed
ingredients include lysine, methionine, threonine, and tryptophan. Growth of
these products is highly influenced by meat production trends. Asian markets
which have been registering greater meat consumption volumes as a result of
economic growth and evolving lifestyles are likely to yield high growth
opportunities in future.
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Amino acids such as lysine are widely
used in swine & poultry feed due to their properties to synthesize protein
and subsequently optimize their growth. Furthermore, methionine and tryptophan
are gaining prevalence among consumers due to their beneficial properties when
ingested as supplements in the treatment of various health conditions such as
Parkinson’s disease, schizophrenia, allergies and depression.
The global market dynamics are
influenced by regulations by agencies such as American Feed Industry
Association (AFIA), Center for Veterinary Medicine (CVM), and European Food
Safety Authority (EFSA), who are responsible for standardizing the usage of
amino acids along with their supply and storage.
Industry Insights
Global amino acids market demand was
estimated at 6.19 million tons in 2013, with historical consumption propelled
by l-glutamine and lysine’s application in dietary supplements and animal feed
respectively.
Increasing meat consumption which has
further driven livestock production will be a source for amino acids demand in
future. Countries such as Vietnam, Australia, and the Philippines have
registered tremendous increase in pork, cattle and swine production in the
recent years. This trend is expected to continue in the future course, which
will cast a positive influence on the industry dynamics.
Application Insights
Animal feed, food & dietary
supplements, and pharmaceuticals are major applications of amino acids which
collectively account for 95% of the global consumption.
Standardization of animal feed
ingredient usage across various developing markets, particularly that of Asia,
will provide impetus for producers to specialize their product offerings for
feed industry. Furthermore, investments by feed manufacturers in Asia will
likely give rise to the industry concentrating in Asia Pacific, specifically to
better cater the regional demand.
Regional Insights
Asia Pacific was the dominant consumer
and accounted for nearly half of the market value in 2015. The region’s growth
is largely influenced by positive outlook on animal feed, pharmaceutical and
nutraceutical manufacturing.
Relatively lax regulatory structure
across the regional markets have been influential in driving demand in the recent
past. However, initiatives by governments to regulate the usage of ingredients
(to avoid adverse effects due to the usage of dietary products, feed, and
medicines) would drive the industry towards a mature and structure phase.
North America and Europe are
characterized by high consumer awareness regarding the benefits of amino acids
and considerable influence of regulatory bodies on industry participants.
Mechanisms that protect manufacturing practices and safe movement of chemicals
present a more mature state of the industry in these regions.
Competitive Insights
Industry competition is expected to
remain high, in the near future, on account of M&As, strategic alliances,
capacity expansions. For example, Ajinomoto acquired Althea Technologies in order
to strengthen its position in biomedical business.
Key manufacturers in the industry
include Cargill Inc., CJ Cheil Jedang Corp., AnaSpec, Tocris Bioscience Ltd.,
Archer Daniel Midland, Royal DSM, Prinova U.S. LLC, and Evonik Industries AG.
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