Amino Acid for Agriculture Market: Introduction
In terms of value, the global amino acid for agriculture market is anticipated to expand at a CAGR of 6% from 2020 to 2030 and reach US$ 1 Bn by 2030. Asia Pacific dominated the global amino acid for agriculture market in terms of volume in 2019. It is estimated to be the leading region of the global amino acid for agriculture market during the forecast period. The growth of the agriculture industry is projected to offer lucrative opportunities for amino acids in near future. This is estimated to boost the global amino acid for agriculture market in the near future.
Amino Acid for Agriculture Market: Key Drivers and Restraints
The expansion of the organic food industry, which represents just 1.2% of the world’s farmland, is a key factor driving the global amino acid for agriculture market. The production of eco-friendly crops is essential in the current scenario. Amino acids are non-toxic and eco-friendly. They play an important role in the development of sustainable agricultural products. Amino acids also offer excellent performance efficiency in terms of crop yield and crop protection. They are effective alternatives to chemical-based agricultural products. This is anticipated to drive the global amino acid for agriculture market in the near future. Biostimulants such as amino acids are expected to contribute significantly to the rising demand for sustainable agriculture during the forecast period. According to a research conducted by the European Biostimulant Industry Council (EBIC), the use of biostimulants along with fertilizers is anticipated to increase fertilizer efficiency by minimum 5% (may rise as high as 25%). Furthermore, savings of 10% to 15% over the use of pesticides have been registered after using biostimulants. Hence, rise in adoption of biostimulants, owing to its various advantages, is estimated to boost the global amino acid for agriculture market.
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Biostimulants such as amino acid for agriculture can alter the hormonal status of a plant and exert significant influence over its overall growth and vigor. Biostimulants help regenerate crop foliage damaged by pesticides, frost, or storm. They foster growth and development of plants throughout the crop lifecycle (from seed germination to plant maturity). Thus, usage of biostimulants such as amino acid for agriculture is likely to be an eco-friendly solution to promote the agricultural yield. The time required to obtain end-results with biostimulants is much higher than that with traditional agrochemicals. Biostimulants cannot be employed in applications that require immediate results. Therefore, popularity of a broad range of traditional agrochemical products is negatively impacting the penetration of amino acid for agriculture products sector in plant growth and crop protection applications. Thus, reluctance in adoption of advanced products among farmers is a major restraint of the global amino acid for agriculture market.
Amino Acid for Agriculture Market: Key Segments
Based on product, the glutamic acid segment held a major share of the global amino acid for agriculture market in 2019. This trend is anticipated to continue during the forecast period. Glutamic acid occupies a central position in amino acid metabolism in plants. It plays a fundamental role in the process of formation of vegetative tissue and chlorophyll synthesis in plants. It also improves photosynthetic activity in plants and is an effective chelating agent. This is anticipated to augment the glutamic acid segment of the global amino acid for agriculture market. Based on source, the animal-based segment constituted a large share of the global amino acid for agriculture market in 2019. This trend is estimated to continue during the forecast period. On the other hand, the plant-based segment of the global amino acid for agriculture market is projected to expand at a rapid pace during the forecast period.
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Competition Landscape of Amino Acid for Agriculture Market
Key manufacturers operating in the global amino acid for agriculture market include SICIT Group S.p.A., Jiloca Industrial, S.A., Futureco Bioscience S.A., Union Chemicals Co. LLC, Chaitanya Biologicals Pvt. Ltd., and ADLER AGRO.
Global Amino Acid for Agriculture Market: Segmentation
Amino Acid for Agriculture Market, by Product
- Lysine
- Methionine
- Glutamic Acid
- Leucine
- Valine
- Arginine
- Glycine
- Alanine
- Proline
- Others (including Aspartic Acid and Tryptophan)
Amino Acid for Agriculture Market, by Source
- Plant-based
- Animal-based
- Others (including By-products of Natural Pharmaceutical Manufacturing Process)
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Amino Acid for Agriculture Market, by Region
- North America
- U.S.
- Canada
- Europe
- Croatia
- Germany
- U.K.
- France
- Spain
- Italy
- Greece
- Hungary
- Austria
- Belgium
- Finland
- Ireland
- North Macedonia
- Poland
- Portugal
- Romania
- Serbia
- Turkey
- Ukraine
- Rest of Europe
- Latin America
- Brazil
- Mexico
- Haiti
- Paraguay
- Guatemala
- Argentina
- Bolivia
- Nicaragua
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Zimbabwe
- Zambia
- Nigeria
- Mozambique
- Kenya
- Tanzania
- Ethiopia
- Rest of Middle East & Africa
- Asia Pacific
- China
- India
- Japan
- Thailand
- Malaysia
- Singapore
- Mongolia
- South Korea
- Australia
- Vietnam
- Bangladesh
- Rest of Asia Pacific
Regulations, both region-specific and global, have made massive influence on the microeconomics of the materials and chemicals sector. Governments are intent on promoting the reduce the carbon footprint of the entire chemical and materials manufacturing. As a result, forward-looking organizations in the Amino Acid market are fervently looking for ‘green’ or low-carbon footprint processes across the entire the value chain. The trend has gained huge momentum from the growing awareness among customers of the affects that chemicals have on the ecology and environment.
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The Unnatural Amino Acid Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the Unnatural Amino Acid market include Abbott, AbbVie, Ajinomoto Co., Inc., Aminologics Co., AnaSpec Inc., AstraZeneca, BASF SE, Bayer, CU Chemie Uetikon, Enzo-Life-Sciences Inc., GlaxoSmithKline Plc., Miat S.P.A., Novartis AG, Pfizer, Sigma-Aldrich Corporation and Yoneyama Yakuhin Kogyo among other.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Unnatural Amino Acid Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/unnatural-amino-acid-market/download-sampleMarket DynamicsDrivers:Growing research on pharmaceutical, food & feed addition and agrochemicalsIncreasing demand for pharmaceutical intermediatesRestraints:Government regulationLack of R activities in underdeveloped nationsThis detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities.
The report studies these subsets with respect to the geographical segmentation.
