The application scope of amino acids continues to expand, and the domestic market size maintains steady growth

Amino acids are organic compounds containing basic amino groups and acidic carboxyl groups. They are one of the many bioactive macromolecules that build biological organisms. They are widely used in medicine, food, health products, feed, daily chemicals, food additives and other fields. There are various types of amino acids, including glutamic acid, glycine, alanine, lysine, alanine, serine, etc.

The upstream of the amino acid industry chain is the supply of raw materials such as wheat, soybeans, and corn. As my country’s economic development level continues to improve, supply-side reform continues to advance, and the output of corn, soybeans, etc. continues to grow, providing a good development foundation for the amino acid industry. According to data released by the National Bureau of Statistics, China’s total corn output in 2022 will be 277.2 million tons, an increase of 4.65 million tons, or 1.7% over the previous year; soybean output will be 40.57 billion kilograms, an increase of 7.78 billion kilograms, or 23.7% over the previous year.

According to the “Amino Acid Industry Venture Capital Situation and Investment and Financing Strategy Guidelines Report 2023-2027” released by the Industrial Research Center, from around the world From a market perspective, with the continuous expansion of pharmaceutical, chemical and other industries, the amino acid market continues to grow. The global amino acid market size will be approximately US$19 billion in 2022, a year-on-year growth of approximately 6%. From the perspective of regional distribution, the amino acid market is mainly concentrated in China, Europe and North America. Among them, China accounts for more than 30% of the global amino acid market, ranking first, Europe accounts for nearly 20%, ranking second, and North America accounts for approximately 16%, ranking third.

From the perspective of the domestic market, with the continuous development of our country’s economy, the continuous improvement of national living standards, the continuous enhancement of health awareness, the continuous development of agriculture and animal husbandry, and the continuous expansion of the application scope of amino acids, the market size has maintained steady growth in recent years. my country’s amino acid market size will be approximately 40 billion yuan in 2022, a year-on-year increase of approximately 5%.

After a period of development in my country’s amino acid industry, the number of enterprises has continued to increase, the scale of production has continued to expand, the output has continued to grow driven by market demand, and the competitiveness of products in the international market has continued to improve. At present, China has become the world’s largest producer and exporter of amino acids. . At this stage, there are a large number of domestic amino acid production companies and the market competition is fierce. Leading companies occupy most of the market share by virtue of their advantages in technology and scale, and the industry concentration is high. Domestic amino acid production companies mainly include Meihua Biotechnology Group Co., Ltd., Ningxia Yipin Biotechnology Co., Ltd., Dongxiao Biotechnology Co., Ltd., etc.

Industry analysts said that with the continuous increase of national disposable income, the increasing awareness of health care, and the scale of industries such as feed and chemical industry, With continuous expansion, the market demand for amino acids will continue to grow, and the industry has good development prospects. my country’s amino acid industry started late and has a short development time. Currently, there are still problems such as low resource utilization rate, large wastewater and exhaust gas emissions, and low added value of products. The industry still has a lot of room for development.