Major players in the amino acid market are Evonik Industries AG, Daesang Corporation, Sunitomo Chemical Co. Ltd. , The Archer-Daniels-Midland Company, Amino GmbH, Cargill Inc, Fufeng Group Company Limited, Ajinomoto Co.
New York, Nov. 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Amino Acid Global Market Report 2022: Ukraine-Russia War Impact” – https://www.reportlinker.com/p06365017/?utm_source=GNW
Inc., Kyowa Hakko Bio Co. Ltd., Novus International Inc, Iris Biotech GmbH, Taiwan Amino Acids Co. Ltd., Sekisui Medical Co. Ltd., Koninklijke DSM N.V, and Kemin Industries.
The global amino acid market is expected to grow from $21.82 billion in 2021 to $24.37 billion in 2022 at a compound annual growth rate (CAGR) of 11.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The amino acid market is expected to reach $33.46 billion in 2026 at a CAGR of 8.2%.
The amino acid market consists of sales of amino acids by entities (organizations, sole traders, and partnerships) that are used for animal as well as human nutrition.Amino acids consist of an acidic carboxyl group (COOH), a basic amino group (NH2), and an organic R group that is unique to each amino acid.
Amino acids…
