LONDON, May 23 /PRNewswire/ -- Increased preference for fortified foods in Europe is boosting growth in the amino acids market. Frost & Sullivan (http://www.food.frost.com) found that the European Amino Acids Market was valued at US$1357.7 million in 2005 and estimates this to reach US$1944.3 million in 2012.
"Advancements in research and development are increasing the application base of amino acids," notes Frost & Sullivan Research Analyst Ms. Arthi. "For example, microencapsulation technology can help prevent the degradation of amino acids and this has led to a significant increase of amino acids in ruminant feed."
Significant technological developments such as microencapsulation of feed-grade amino acids and the development of amino acid dimers for medical foods are helping to provide further opportunities for market growth.
An increasing number of scientific studies illustrating the benefits of amino acids are encouraging their use across a number of varied application sectors. However, safety concerns over food additives and high product prices continue to hamper market expansion.
Overall, the European amino acids market is likely to grow at a compound annual growth rate (CAGR) of five per cent, with the animal feed industry generating the highest revenues.
The market has witnessed the entry of Asian manufacturers, particularly from China. Some European manufacturers are finding it difficult to compete with cost-effective amino acids imported from Asia.
"Amino acids imported from Asia, while being cost-effective also offer product quality similar to that of European products," says Ms. Arthi. "In this context, European companies will benefit by entering into joint venture agreements that will enable them to distribute products manufactured in low-cost environments."
Besides addressing the issue of achieving cost efficiency, acquisitions and joint venture partnerships with Asian manufacturers will assist companies in increasing market share and presence in other markets. Major participants such as Ajinomoto, Kyowa Hakko, Degussa, ADM, BASF, and Adessio currently possess significant market shares. In keeping with the growing competition, factors such as product differentiation, improved customer service and technological innovations will become crucial for continued growth.
If you are interested in a virtual brochure, which provides manufacturers, end users and other industry participants with an overview of the latest analysis of the European Amino Acids Market, send an e-mail to Janina Hillgrub - Corporate Communications at janina.hillgrub@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state and country. We will send you the information through e-mail upon receipt of the above information.
The research European Amino Acids Market is part of the Chemicals, Materials and Foods Subscription, which includes research in the following markets: food and beverage ingredients, animal feeds and dietary supplements. All research is evaluated following extensive interviews with market participants. Interviews are available to the press.
Title: European Amino Acids Market
Code: B521-88
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List of key industry participants: Germany- ADM, Ajinomoto, AMINO GmbH, Degussa, Kyowa Hakko Kogyo Co., Ltd ; France- Adisseo, Eurolysine, Sumitomo Chemical; Belgium- BASF, Novus international; United Kingdom- Cheil Jedang (CJ), DSM Nutritional Products, Merck Chemicals Ltd; Netherlands- Daesang Europe B.V., Denmark- Fortitech Europe ApS; Italy- Flamma SPA; Switzerland- Genzyme Pharmaceuticals;
List of keywords in this press release: European amino acids market, amino acids, dietary supplements, fortified foods, ruminant feed, micro encapsulation, feed-grade amino acids, amino acid dimers, medical foods, food and beverage, animal feed, dietary supplements, pharmaceuticals, cosmeceuticals, Ajinomoto, Kyowa Hakko, Degussa, ADM, BASF, Adessio, DSM, Asia, compound annual growth rate, CAGR
Media Contacts: Europe: Janina Hillgrub Corporate Communications P: +49-69-770-33-11 E: janina.hillgrub@frost.com Americas: Trisha Bradley Corporate Communications P: +1-210-247-3870 E: trisha.bradley@frost.com Asia Pacific: Donna Jeremiah Corporate Communications P: +603-6304-5832 E: djeremiah@frost.com India: Surbhi Dedhia Corporate Communications P: +91-22-2832-4705 Ext: 131 E: sdedhia@frost.com Australia: Sharmin Jassal Corporate Communications P: +61-2-8247-8900 E: sjassal@frost.com
Frost & SullivanCONTACT: Americas: Trisha Bradley, Corporate Communications, P:+1-210-247-3870, E: trisha.bradley@frost.com
