Ajinomoto Co. Inc. (Japan) and Kyowa Hakko Kirin Group (Japan) are the leading players in the Food Amino Acids Market
Key players identified in the food amino acids market include Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Group (Japan), Evonik Industries AG (Germany), Sigma-Aldrich, Co. LLC (U.S.), Prinova Group LLC (U.S.), Daesang Corporation (Korea), Shaoxing Yamei Biotechnology Co., Ltd. (Japan), Qingdao Samin Chemical Co., Ltd. (China), Hugestone Enterprise Co., LTD. (China), Brenntag AG (Germany), Pangaea Sciences Inc. (Canada), and Amino GmbH (Germany) have a strong presence in the global food amino acids market.
Other companies such as Kingchem LLC (U.S.), Rochem International Inc. (U.S.), Sunrise Nutrachem Group (China), Taiyo international (Japan), Monteloeder S.L. (Spain), CJ Corporation (Korea), Kraemer Martin GmbH (Azelis) (Belgium), and Pacific Rainbow International, Inc. (U.S.) also have a significant market share in the food amino acids market. In addition, these key market players focused on various growth strategies such as expansions & investments, new product launches, merger & acquisitions, joint ventures, and agreements & partnerships.
Leading food amino acids market player Ajinomoto Co. Inc. (Japan) successfully adopted partnerships & investments as a key strategy to tap potential markets. For instance, in 2016, Ajinomoto North America, Inc., a subsidiary of Ajinomoto, partnered with Filament Bio Solutions Inc. (U.S.), a manufacturer of medical nutrition. Development and commercialization of the medical food product portfolio were the main areas of focus of this partnership. Both the companies agreed to incorporate Ajinomoto amino acids that would be formulated to address specific underlying nutritional deficiencies. In addition, Ajinomoto invested approximately USD 14 million for expanding its production capacity for amino acids in China, in 2013.
It consistently invests in research & development activities, in order to enhance its product offering. Ajinomoto Co. Inc. (Japan) emphasizes toward economizing the production and manufacturing of new sustainable food products. Ajinomoto Co. Inc. uses agricultural raw materials for amino acid production by recycling resources in bio-cycles. The company has its amino acids production plants in Europe, Asia, and the Americas and manufactures amino acids from agricultural raw materials, which are readily available in each region.
Kyowa Hakko Kirin Group (Japan) focuses on the expansion strategy and owns 55 subsidiaries, across the globe. The company has been continuously expanding its amino acids production facility in its plants that are located in Japan, the U.S., and China. For instance, in 2015, a subsidiary of Kyowa Hakko Kirin Group named Kyowa Hakko Bio constructed a manufacturing plant for amino acids in Thailand in order to fulfill the growing demand for amino acids. Expansions, as a strategy, aided Kyowa Hakko Kirin Group (Japan) to gain a competitive advantage over other players. Additionally, prominent expansion activities have enabled this company to strengthen its position in the global food grade amino acid market.
Related Reports:
Food Amino Acids Market by Application (Nutraceutical & Dietary Supplements, Infant Formula, Food Fortification, Convenience Foods), Type (Glutamic Acid, Lysine, Tryptophan, Methionine), Source (Plant, Animal, Synthetic), and Region - Global Forecast to 2022
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