AMINO ACID ANALYZER MARKET ANALYSIS

Regional Analysis

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 20^th 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.