India Amino Acids Market Forecast and Opportunities 2015-2020 - Market is projected to cross USD 471 million by 2020

News provided by

Apr 02, 2015, 02:59 ET

DUBLIN, April 2, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/b2349v/india_amino_acids) has announced the addition of the "India Amino Acids Market Forecast and Opportunities, 2020" report to their offering.

Research and Markets Logo. (PRNewsFoto/PR NEWSWIRE EUROPE)

(Logo: http://photos.prnewswire.com/prnh/20130307/600769 )

The amino acids market in India is projected to cross USD 471 million by 2020

Segment wise, the market is dominated by Lysine and Methionine, which together account for a significant majority share in amino acid consumption in the country. Growing demand for poultry meat in domestic as well as export markets is expected to further propel the demand for amino acids in the Indian market. Region-wise, Southern and Western region remains the two major markets for amino acids in India on account of large number of poultry farm based in these regions. Among the leading amino acid manufacturers, Evonik dominates the market by providing an array of feed grade amino acids to the consumers. Other major players operating in the market include Ajinomoto, ADM & Sumitomo Chemicals.

Amino acids, commonly known as the building blocks of proteins, primarily find use in human and animal nutrition. The four essential amino acids namely Methionine, Lysine, Tryptophan and Threonine are utilized in a number of commercial applications to meet dietary requirements. Due to huge livestock population and increasing consolidation within poultry farming sector, India has emerged as a major market for amino acids in the Asia Pacific region.

Major consumption of amino acids has been observed within compound feed sector, which has been growing at a tremendous pace on account of rise in India's poultry sector. Rising demand for broiler feed is also propelling the demand for amino acids in the country. Besides animal feed, amino acids are also finding significant demand in other applications including dietary supplements, pharmaceuticals and cosmetics.

India Amino Acids Market Forecast & Opportunities, 2020 report elaborates following aspects related to amino acids market in India: