Japan is the Largest Market for Amino Acids, Peptides & Proteins in Asia-Pacific with A Share of 32.1%

Date: 2015-08-15

“The Asia-Pacific amino acids, peptides & proteins market is estimated to grow at a CAGR of 6.5% during the forecast period of 2014 to 2019. The Asia-Pacific consumers are increasingly becoming aware about their health and nutrition. This is mainly due to the changing lifestyles of the growing middle class population. The rise in the purchasing power of this middle-income population enables them to spend on nutraceutical products, which cater to the problems related to their dynamic lifestyles. 

In this report, the Asia-Pacific amino acids, peptides & proteins market has been brodlly discussed by its applications such as functional food, functional beverages, dietary supplement, animal nutrition, and personal care. The dietary supplement market is estimated to grow at the fastest CAGR during the given forecast period. The awareness regarding amino acids, peptides & proteins ingredients in the supplementary food and personal care segments is a major diving force for the growth of the Asia-Pacific amino acids, peptides & proteins market. 

Japan is the largest market for amino acids, peptides & proteins in Asia-Pacific, having accounted for a share of 32.1% in 2014, followed by China. The market in India is projected to grow at the fastest CAGR during the given forecast period. The constituents of the Asia-Pacific region lack regulations related to nutraceuticals products. The health claims related to particular products lack validation from concerned governmental authorities. Every government has its own clinical approval agency that has its own norms and regulations. The nutraceutical ingredient manufacturers face several difficulties while developing products that will adhere to these norms completely.

Cargill Inc. (U.S.) holds a major share of the Asia-Pacific amino acids, peptides & proteins market as of 2014. Archer Daniels Midland Co. held a share of 5.8% in the same year. Ajinomoto (Japan), Kerry Ingredients (Ireland), and Royal DSM (Netherlands) are competing for a major share in the rapidly-growing amino acids, peptides & proteins market in the Asia-Pacific region. These companies are engaged in market strategies such as mergers & acquisitions, joint ventures, new product developments, and expansions to increase their market share in the Asia-Pacific amino acids, peptides & proteins market. 

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