Global amino acid market size is estimated to reach 10.1 million tons by 2022, growing at a CAGR of 5.6% from 2015 to 2022.
Global rise in animal feed additives market demand coupled with growing livestock production for meat consumption is anticipated to drive amino acids market over the forecast period. They are used in feed additives to improve metabolism and provide nutrition to animals such as pigs, cattle, and broiler which are majorly used for meat consumption.
Global meat consumption was approximately 308 million tons in 2013 with gains predicted at over 2% for the next five years. Lysine, methionine, threonine, and tryptophan are key animal feed additives. Growing life expectancy, scarce availability of land and water resources for animal feed production, and growing grain demand for food and ethanol production has resulted in the meat industry looking to optimize feed utilization.
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Rising consumer awareness regarding feed additive benefits along with recent disease outbreaks have resulted in a surge in demand. Meat quality has become an important issue in countries worldwide, especially in North America and Europe. The awareness among consumers preferring extrinsic quality attributes of meat has increased, affecting the meat market globally.
Increasing dietary supplement consumption as a source of protein is anticipated to drive amino acids market demand over the next seven years. Changing lifestyle along with rising awareness to maintain healthy diet is likely to drive dietary supplements consumption.
Increasing sports supplement consumption is projected to drive amino acids industry growth. Sports supplements are mainly consumed by athletes and bodybuilders to enhance their performance. Sports supplements, such as energy drinks, weight loss pills, nutrition supplements, weight loss meals, low carbohydrate foods, and nutrition bars, are gaining wide...