Global Feed Amino Acids Market to Reach $53.2 Billion by 2030
The global market for Feed Amino Acids estimated at US$32.1 Billion in the year 2023, is expected to reach US$53.2 Billion by 2030, growing at a CAGR of 7.5% over the period 2023-2030. Plant-based Feed Amino Acids, one of the segments analyzed in the report, is expected to record 7.7% CAGR and reach US$46.4 Billion by the end of the analysis period. Growth in the Animal-based Feed Amino Acids segment is estimated at 6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.5 Billion, While China is Forecast to Grow at 11.2% CAGR
The Feed Amino Acids market in the U.S. is estimated at US$8.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$12.9 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.8% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook