Amino Acetic Acid Market size was valued at USD 3.5 Billion in 2024 and is forecasted to grow at a CAGR of 5.2% from 2026 to 2033, reaching USD 5.2 Billion by 2033.
The global amino acetic acid market, commonly known as glycine, was valued at approximately USD 3.13 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of around 5.8% from 2022 to 2028. In 2023, Asia Pacific dominated the market, accounting for approximately 40% of total revenue, followed by North America at 30%, and Europe at 25%. Latin America and the Middle East & Africa collectively contributed around 5% to the market share. The Asia Pacific regions prominence is attributed to increasing demand from countries such as China, India, Japan, and South Korea, driven by factors like rising population and improving living standards, which have led to heightened consumption of food products and pharmaceuticals where amino acetic acid is utilized. The market segmentation by application in 2023 revealed that the feed sector was the largest, contributing 35% to the total market, followed by medicine at 30%, pesticide at 20%, and food at 10%. The fastest growing application is anticipated to be in the medicine sector, with a projected CAGR of 7.5%, driven by increased demand for amino acids in drug formulations and medical treatments. Opportunities in the amino acetic acid market are emerging from technological advancements and eco friendly product developments, particularly in the Asia Pacific region, where sustainable farming practices and expanding industrial applications are fostering growth.
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SHOWA DENKO K.K.
Ajinomoto
Newtrend Group
Shijiazhuang Donghua Jinlong Chemical Co.
Ltd. (SDJC)
Shijiazhuang Jirong Pharmaceutical Co.
Ltd
HeBei Donghua Jiheng Aminoacid Sci.& Tec. Co
NB Group Co
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Amino Acetic Acid Market
Pharmaceuticals
Cosmetics and Personal Care
Food and Beverages
Animal Feed
Agriculture
Healthcare
Food Processing
Animal Nutrition
Chemicals
Textiles
Powder
Liquid
Granules
Food Grade
Pharmaceutical Grade
Industrial Grade
Direct Sales
Online Retail
Third-Party Distributors
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Amino Acetic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Amino Acetic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Amino Acetic Acid Market, By Type
6. Global Amino Acetic Acid Market, By Application
7. Global Amino Acetic Acid Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Amino Acetic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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