Amino Acid For Agriculture Market Demand, Analysis, Forecast 2023 – 2033
According to a research report published by Spherical Insights & Consulting, the Global Amino Acid For Agriculture Market Size Expected to Grow from USD 5.68 Billion in 2023 to USD 8.17 Billion by 2033, at a CAGR of 3.7% during the forecast period 2023-2033.
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Proteins are made up of amino acids which play an important role in plant functioning. Amino acid L-glutamic acid, and gamma amino butyric acid (GABA) are used to regulate plant growth. One of the most widely used amino acids for fertilization is glycine. Furthermore, higher output and quality are closely linked to greater profitability in the extremely labor-intensive sector of agriculture production. Amino acids are the building blocks of proteins, which are the basic building blocks of living cells. Proteins are made up of combinations of amino acid sequences. In order to produce amino acids, plants use secondary metabolic pathways to create carbonate through photosynthesis and combine it with the nitrogen they take up from the soil. However, this is because organic farming practices are being used, and the market for agricultural amino acids is expanding in revenue.
Browse key industry insights spread across 177 pages with 110 Market data tables and figures & charts from the report on the Global Amino Acid For Agriculture Market Size, Share, and COVID-19 Impact Analysis, By Crop Type (Turf & Ornamentals, Oilseeds & Pulses, Fruits & Vegetables, Cereals & Grains, and Other Crops), By Product (Liquid, Powder, and Granules), By Application (Fertilizers, Animal Feed, and Plant Growth Regulators), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
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The fruits & vegetables segment is expected to hold the largest market revenue share through the projected period.
Based on the crop type, the amino acid for the agriculture market is divided into turf & ornamentals, oilseeds & pulses, fruits & vegetables, cereals & grains, and other crops. Among these, the fruits & vegetables segment is expected to hold the largest market revenue share through the projected period. One benefit of adding amino acids to fruits and vegetables is that it significantly reduces energy consumption during manufacture. Improved plant vigor and stress tolerance, as well as a notable decrease in the damage that stressors inflict on the quality and performance of fruits and vegetables, are all results of these energy savings.
The liquid segment is estimated to hold the highest market share through the forecast period.
Based on the product, the amino acid for the agriculture market is segmented into liquid, powder, and granules. Among these, the liquid segment is estimated to hold the highest market share through the forecast period. This is explained by the liquid amino acids’ rapid absorption by plants and ease of use. When liquid amino acids are sprayed on leaves or administered directly to the soil, they are rapidly absorbed by the plant’s roots and foliage.
The fertilizers segment dominates the market with the highest market share through the forecast period.
Based on the application, the amino acid for the agriculture market is divided into fertilizers, animal feed, and plant growth regulators. Among these, the fertilizers segment dominates the market with the highest market share through the forecast period. Amino acid fertilizers are used to improve soil fertility and give plants the vital nutrients they need. They boost plant productivity, encourage root development, and improve nutrient intake.
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Asia Pacific is expected to hold the highest share of the amino acid agriculture market over the predicted timeframe.
Asia Pacific is estimated to hold the largest share of the amino acid agriculture market over the predicted timeframe. The demand for amino acids in agriculture is predicted to rise in developing nations like China and India, where agriculture contributes significantly to GDP. The availability of inexpensive fertilizers and animal feed based on amino acids in the region is another factor driving demand.
North America is anticipated to grow at the fastest CAGR growth of the amino acid for agriculture market during the forecast period. Demand for ammonia fertilizer is rising, and many believe it will be the fuel of the future, especially for the maritime industry. The United States is one of the world’s leading producers and consumers of ammonia.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the amino acid for agriculture market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the Global Amino Acid For Agriculture Market are Ajinomoto Group, CJ CheilJedang Corp., Degussa Corporation, Kyowa Hakko Kirin Co. Ltd., Yara International ASA, Novozymes A/S, CHS Inc., BASF SE, Evonik Industries AG, Haifa Chemicals, Arab Potash Company, Omex, Everris, Bunge, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Development
- In October 2023, to aid in this ongoing struggle, Redox and CJ Bio teamed up to introduce AMIBOOST, a high-end biostimulant fortified with certain amino acids. This incredible solution is meticulously designed to improve crop output and quality while taking into account the needs of various plant species and growth stages. By serving as catalysts for the secondary metabolism of plants, these amino acids strengthen the immune system and increase a plant’s resistance to adversity.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the amino acid for agriculture market based on the below-mentioned segments:
Global Amino Acid For Agriculture Market, By Crop Type
- Turf & Ornamentals
- Oilseeds & Pulses
- Fruits & Vegetables
- Cereals & Grains
- Other Crops
Global Amino Acid For Agriculture Market, By Product
- Liquid
- Powder
- Granules
Global Amino Acid For Agriculture Market, By Application
- Fertilizers
- Animal Feed
- Plant Growth Regulators
Global Amino Acid For Agriculture Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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