Global Amino Acid Analyzer Market: Dynamics
The primary driver for global amino acid analyzer market is increasing demand for protein supplements for human consumption as well as livestock. For human consumption, protein supplements are majorly used for endurance and preventing diseases such as gastrointestinal disorders and cardiovascular diseases. Protein supplements aid in growth of livestock.
Also, an increase in adoption of automated technologies is expected to drive the growth of amino acid analyzer market over the forecast period. For instance, Hitachi, a Japanese multinational conglomerate company, manufactured a high speed amino acid analyzer- LA8080, which provides ease of automation, low sample consumption, and high sensitivity in characterizing biotherapeutics.
Increased interest of manufacturers in research and development of new drugs leads to an increase in the demand for amino acid analyzer. For instance, Nexera Amino Acid Analysis System, developed by Shimadzu, a Japanese company, provides a highly sensitive approach in novel drug discovery. In addition, Biochrom amino acid analyzer 30+ series is an integral part of ICH (International Council for Harmonisation of Technical Requirements for Pharmaceuticals for Human Use) guidelines for biopharmaceutical characterization.
Rising launch of amino acid analyzers by the market players is a major factor driving the market growth. For instance, in 2017, Labchrom Scientific launched the Amino Acid Analyzer S 433, which provides an automated approach for the protein characterization and quantification by combining traditional ion exchange chromatography with modern HPLC (high performance liquid chromatography).
Moreover, the global amino acid analyzer market is expected to witness growth due to its rising use in food and beverage industry for quality testing and quantitative estimation of nutritional contents. For instance, Amino Acid Analyzer - 30+ series manufactured by Biochrom Ltd., a manufacturer of scientific instruments, provides an efficient method of food testing.
Global Amino Acid Analyzer Market: Product Insights
Automated amino acid analyzers use highly sophisticated AI (artificial intelligence) technology, which helps in providing an error free quantification and characterization of proteins. This advantage is expected to fuel potential market growth of the automated segment of amino acid analyzer market over the forecast period in a wide range of applications such as cosmetics, food industry, and pharmaceuticals.
Global Amino Acid Analyzer Market: Regional Insights
North America is expected to hold the largest market share in the global amino acid analyzer market followed by Europe. The market growth in these regions is mainly attributed to increasing drug discovery research. For instance, according to the Congressional Budget Office (CBO), in 2019, an estimated US$ 83 billion was spent on research and development of new drugs by the pharmaceutical industry. CBO also reported that the number of new approved drugs increased by 60% in the past few years with a peak of 59 newly approved drugs in 2018.
Other factors that drive the market growth of amino acid analyzer in North America and Europe include rise in demand for protein supplements and growing demand for amino acids in cosmetics industry. For instance, according to Suzy and New Hope Survey, in 2020, 31% consumers reported an increased consumption of protein supplements in the U.S.
Also, presence of huge livestock population and growth of poultry farming may drive the growth of amino acid analyzer market in the Asia Pacific countries such as India. For instance, according to the 20th Livestock Census conducted by DAHD&F, GOI (Department of Animal Husbandry & Dairying under Ministry of Fisheries, Animal Husbandry & Dairying, and Government of India) in 2018, the total livestock population in India was approximately 535.78 million. Poultry population showed an increase of 16.81% with about 851.81 million poultry population recorded in 2019.
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