The global amino acid analysis market is expected to reach USD XX million by 2023 from USD XX million in 2018, growing at a CAGR of XX%. Growing food industry, increasing health concerns of consumers, increase in demand for amino acid-based nutrition products are the major driving factor for this market. Apart from this, amino acids are used for the manufacturing of supplements which are consumed by athletes as well as the geriatric population. Further, amino acids are also used in animal feed to supplement the protein requirement of the animals. Such aforementioned factors also expected to increase the demand for amino acid analysis products during forecast period.
North America dominates the amino acid analysis market in 2017 and the trend is same during forecast period. Awareness regarding nutritional products; presence of major players; growing food and pharmaceutical industry; and awareness campaigns regarding nutritional food are the major driving factors that support the growth of the amino acid analysis market in the region. However, Asia pacific is expected to register highest CAGR during forecast period. Increasing geriatric population; growing health awareness, and presence of emerging countries such as China and India are the factors supporting the growth of the market in the region.
Prominent players in the amino acid analysis market are Thermo Fisher Scientific (US), Merck KGaA (Germany), Shimadzu Corporation (Japan), WATERS (US), Biochrom (UK), JEOL Ltd (Japan), Bio-Synthesis Inc. (US), AltaBioscience (UK), Zef Scientific Inc. (US), Kunash Instruments Pvt. Ltd. (India)
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