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The amino acid market size is forecast to increase by USD 12.71 billion at a CAGR of 7.94% between 2023 and 2028. The market is experiencing significant growth due to the increasing demand for these essential nutrients in various industries. In the food sector, the rising consumption of protein-rich sources such as beef and chicken for muscle building and skin health is driving market growth. Additionally, the use of amino acids in the production of gut health supplements and functional foods is gaining popularity. In the animal feed industry, the use of amino acids in livestock and poultry farming is essential for optimal growth and productivity. In the pharmaceutical sector, amino acids are used in the production of medications for various health conditions. Furthermore, the increasing acquisitions and joint ventures among key players in the market are contributing to market growth. However, the increasing prices of raw materials, such as blood, placenta, fish, and those sourced from slaughterhouses and meat processors, and aquaculture farms, pose a challenge to market growth. Overall, the market is expected to continue its expansion due to its wide range of applications and health benefits.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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