Market Summary

The global amino acids for agriculture market reached a size of USD 5.48 billion in 2022 and is projected to reach USD 12.45 billion by 2032, with a steady revenue compound annual growth rate (CAGR) of 3.8% during the forecast period. Several key factors are contributing to the growth in market revenue.

One major driver is the increasing global population, coupled with a growing demand for protein-rich foods. This trend is leading to higher demand for high-quality crops in agriculture, which in turn fuels the need for amino acids. Amino acids play a vital role in the agricultural industry as they are essential for protein synthesis, stress management, and plant growth.

Furthermore, the adoption of organic agricultural practices is significantly boosting the revenue growth of the amino acids in agriculture market. Organic farming methods are gaining popularity due to increased consumer awareness about the environmental and health impacts of chemical fertilizers. In the realm of organic farming, amino acids derived from natural sources such as seaweed, fish, and plant extracts are preferred.

Additionally, various agricultural sectors, including crop cultivation, animal feed, and seed treatment, are increasingly utilizing products based on amino acids. These amino acid-based products are employed to enhance agricultural production, bolster plant resistance against biotic and abiotic stressors, and improve soil health. The rising demand for such products across various crops, including grains, fruits, vegetables, and oilseeds, is propelling the demand for amino acids.

Amino acids are also valued for their ability to enhance crop quality. They play a crucial role in improving the flavor, color, and texture of fruits and vegetables. Moreover, amino acids contribute to the increase in protein content in crops like soybeans and maize, which is essential for both animal feed and human consumption.

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Strategic Developments

• In 2021, BASF SE introduced a novel range of crop protection solutions based on amino acids, marketed under the brand name VELON. These products are designed to provide sustainable crop protection while enhancing both crop yield and quality.
• In 2020, Yara International ASA announced its acquisition of Agronomic Technology Corp. (ATC), a U.S.-based company specializing in precision farming technology. This strategic acquisition aimed to bolster Yara's presence in the digital agriculture market and offer farmers tailored crop nutrition solutions.
• In the same year, Archer Daniels Midland Company (ADM) completed the acquisition of Rodelle Inc., a premium provider of vanilla and flavors. This acquisition was intended to expand ADM's portfolio of flavors and ingredients in the food and beverage industry, including the agriculture sector.
• Also in 2020, Evonik Industries AG launched a new series of animal nutrition products branded as "AMINO." These products consist of amino acid-based solutions tailored for swine, poultry, and ruminants, with the goal of enhancing animal health and performance.

Amino Acid for Agriculture Market Report Scope

Key Players

The global market for amino acids in agriculture is characterized by intense competition, with a multitude of companies striving to secure their market presence. Among the significant players in this market are:

• Archer Daniels Midland Company
• 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

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