Global Amino Acids Market to Hit $11.6B by 2015

SAN JOSE, Calif.Increased demand for amino acids in the animal feed, health foods, dietary supplements, artificial sweeteners and cosmetics markets are key variables driving the global amino acid market to an estimated $11.6 billion by 2015, according to a new report from Global Industry Analysts Inc.

According to Amino Acids: A Global Strategic Business Report", the amino acids market declined in demand during 2008 and 2009, primarily because of global recession. Slowdown in various end-use markets including animal feed, health foods, sweeteners, cosmetics and preventive pharmaceuticals among others negatively impacted the market growth during the period; however, the market is expected to improve in the near term following the economic recovery and new demand from end-use markets.

The report provides a comprehensive review of the amino acids markets, recession trends, current market trends, key growth drivers, product overview, recent product introductions, recent industry activity, profiles of major/niche global and regional market participants. The report provides annual sales estimates and projections for amino acids market for the years 2007 through 2015 for the United States, Canada, Japan, Europe, Asia-Pacific, Middle East and Latin America.

Major players profiled in the report include Ajinomoto Group, Archer Daniels Midland Company, CJ Cheil Jedang, Daesang Corporation, Evonik, Kyowa Hakko Kirin Group, Novus International Inc., Royal DSM N.V., Sekisui Medical Co. Ltd. and Toronto Research Chemicals Inc.