Overview: Global Functional Acids Market
The global functional acids market is anticipated to amplify with a CAGR of 6.23% over the forecast duration of 2022-2030.
The demand for nutritive and fortifying food additives is expected to rise, propelling the market’s expansion. The fortification of nutritional additions including omega-3 fatty acids, fibre, vitamins, minerals, and others is a trend among food and beverage manufacturers. Increasing the nutritional value of food products is the primary goal of adopting the aforementioned chemicals in the food and beverage sector.
Fish oils and yoghurt both heavily utilise functional components like omega-3 and probiotics to lower the risk of cardiovascular illnesses and enhance the quality of intestinal microbiota. During the anticipated years, a similar trend is anticipated to fuel the market. Additionally, in view of growing concerns about reducing Greenhouse Gas (GHG) emissions, the European Commission and the Environmental Protection Agency (EPA) have developed supportive policies to increase both the production and consumption of organically derived substances.
Amino acids are necessary substances that are necessary for the production of proteins and are in charge of ensuring that the human body operates correctly. They support improving metabolism, preventing muscle damage, and lowering the risk of cardiovascular illnesses. Due to these qualities, they are widely used in medicinal and nutritional applications in the healthcare sector.
In 2021, the market for amino acids was dominated by the application category for food and nutritional supplements. Food amino acids have expanded significantly as a result of their application in boosting the flavour and nutritional content of food products. Due to increasing product inclusion in animal feed conversion, it is projected that the animal feed application segment would experience the quickest growth in the upcoming years.
Due to factors like strong demand from the local food and beverage industry, rising consumer concern for their health, and a growing preference for functional foods, the Asia Pacific region dominated the market in 2021. Due to the substantial expansion of the pharmaceutical and nutraceutical industries in the region, it is projected that the market for amino acids in Europe would experience significant growth in the years to come.
Additionally, pharmaceutical and nutraceutical product ingredients must adhere to strict standards. Products containing amino acids derived from plants or animals are governed in North America by the Food and Drug Administration (FDA), the U.S. Department of Agriculture (USDA), and the U.S. Environmental Protection Agency (EPA). To guarantee the security and efficacy of these products, each of these regulating agencies has outlined specific rules and released instruction manuals.
Global Functional Acids Market – Key trends
Booming nutraceutical sector to aid market expansion:
The nutraceutical sector is witnessing a rapid evolution. This is powered by the rising health cognizance of the masses. Moreover, with hectic lifestyle, it is getting difficult for individuals to invest time in preparing healthy meals. Hence, they have begun to rely on dietary supplements for their health needs. This in turn is stimulating the overall industry dynamics.
Global Functional Acids Market- Segmental assessment
• Amino Acids
• Fatty Acids
• Mono Unsaturated Fatty Acids
• Poly Unsaturated Fatty Acids
• Saturated Fatty Acids
By Therapeutic Area
• Cardiovascular System
• Nervous System
• Gastrointestinal System
• Immune System
• Anti-Diabetic Peptides
• Multifunctional Peptides
• Sports Nutrition
• Weight Management
• Digestive Health
• Clinical Nutrition
By End Users
• Food & Beverage Industry
• Dietary Supplements and Nutraceuticals
• Cosmetics & Personal Care Products
The dietary supplements and nutraceutical segment is slated to generate significant returns over the estimated timeline owing to the growing health consciousness of the masses.
The prominent players characterizing the competitive terrain of this marketplace are Merck KGaA, Seagarden AS, WN Pharmaceuticals Ltd., Arlak Biotech Pvt. Ltd., Ashland Inc., ALEXIS Corporation, American Peptide Company Inc., Promega Corporation, Advanced Bioconcept Company, Thermo Fisher Scientific, Novo Nordisk A/S, Alltech Inc. Bioprocess Algae LLC., Cellana LLC, and Others.
Major questions answered in this report:
What is the growth rate projection for Global Functional Acids Market over 2022-2030?
What are the growth determinants for Global Functional Acids Market?
What are the major segments covered in Global Functional Acids Market report?
What are the primary regions operating in Global Functional Acids Market?
Which is the fastest growing region in Global Functional Acids Market?
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