Fueling the Future Exploring the Surging Growth and Trends in the Food Amino Acids and Snack Pellets Industries

According to a recent report by Future Market Insights, a market research and competitive intelligence provider, the market for food amino acids to be worth roughly USD 1.0 billion in 2022 and, at a compound annual growth rate of 4.0%, is expected to be worth roughly USD 3.0 billion by 2032. According to recently released statistics for the Snack Pellets business analysis, the global demand for the snack pellets industry as a whole grew 4.2% YoY in 2022.

Snacking appears to be growing in popularity according to recent trends, and health-related trends are probably here to stay. Convenience has always been the primary consideration, even if consumers today expect snack pellets to incorporate popular trends like high protein, healthy eating, and better-for-you selections.

FMI highlights the need of offering a more extensive selection of enhanced convenience food items, such as snack pellets, considering that consumers have an infinite number of on-demand choices.

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Because amino acids are mostly derived from plant-based natural resources, growing consumer demand for organic products may stimulate industry growth for amino acids. Soybean, corn, and wheat-based goods are widely used in food and beverage, infant formula, and nutraceutical industries due to the increased demand for naturally derived products.

Key Takeaways from Market Study

• The UK food amino acid market is estimated to increase at a CAGR of 5.6 percent between 2022 and 2032. Improved demand for animal-derived items, a greater level of living, increased public awareness of meat safety and quality, and recent illness outbreaks in cattle have all contributed to the growth of the food amino acid industry.
• China has the greatest share in the Asia-Pacific region, accounting for 45 percent of total revenue in 2022. Because of the rise in consumer spending power as a result of China’s economic development, there has been a surge in demand for high-quality processed foods, which has boosted the demand for food amino acids
• In 2022, glutamic acid had the largest market share, and it is expected to increase at a CAGR of 6.6 percent over the forecast period. This is due to an increase in the usage of food amino acids as a flavor enhancer in a wide range of foods and beverages, such as snacks, dressings, and soups.
• The infant formula segment will expand at a CAGR of 2.1 percent from 2022 to 2032. Because of their ease of absorption and high nutritional content, several amino acids are employed in the production of infant formula.

“Customers are increasingly requesting items that do not modify calcium, vitamin, or mineral qualities. One of the greatest driving drivers for the market has been the ever-increasing usage of amino acids as supplements to increase metabolism and wellness in humans, as well as their application in cattle hormone synthesis.” says a lead analyst at Future Market Insights.

Who is Winning?

Because of the health benefits provided by amino acids, the demand for amino acids for various nutraceuticals and dietary supplements is expected to drive the Food Amino Acids industry. The wide range of applications for amino acids such as glutamic acid, ranging from flavoring, preservation, nutritional component/building block of protein, to specialty ingredients such as aspartame, is expected to drive expansion.

For example, in 2021, Kemin Industries launched Toxfin Care in Europe, a unique solution aimed at preventing loss of efficiency and productivity by preserving animal organs and tissue from probable mycotoxins harm. Infected feed is a major concern in the livestock nutrition and health business; hence mycotoxin management is essential in every livestock diet. Kemin aims to boost the immune system, protecting poultry, pigs, and ruminants, from the not-so-obvious negative effects of mycotoxins.

Some of the leading companies offering food amino acids are Ajinomoto Co. Inc., Kyowa Hakko Kirin Co., Ltd., Sigma-Aldrich, Co. LLC., Kemin Industries, Prinova Group LLC., and Daesang Corporation.

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Future Market Insights, in its new offering, provides an unbiased analysis of the food amino acids industry presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032.

The study divulges compelling insights on food amino acids based on type (lysine, glutamic acid, methionine, tryptophan, and others), source (plant-based, animal-based, and synthetic), application (nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others), and distribution channel (direct and indirect {pharmacy stores, e-retailers, specialty stores, and supermarkets}) across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and MEA).

Frequently Asked Questions

• How much is the current worth of the food amino acids industry?
• At what CAGR is the market expected to grow?
• How was the performance in the last five years?
• What is the demand outlook forecast for the extruded snacks market?
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• What outlook does Europe provide?
• At what rate will the U.S. food amino acids industry grow?