Amino Acid Prices: Trends, Drivers, and Forecast
Amino Acid, the building blocks of proteins, play a crucial role in various industries, including pharmaceuticals, food and beverages, animal feed, and cosmetics. The global market for amino acids is expanding rapidly, driven by increased demand across these sectors. As a result, understanding the dynamics of amino acid pricing is essential for stakeholders in these industries. Current Price Trends In recent years, amino acid prices have experienced significant fluctuations. The prices of essential amino acids such as lysine, methionine, and tryptophan have been influenced by factors such as raw material costs, production capacity, and global demand. For instance, lysine prices surged in 2021 due to supply chain disruptions and rising corn prices, as corn is a primary feedstock in lysine production. Similarly, methionine prices have been volatile, influenced by shifts in animal feed demand and production challenges. The Asian market, particularly China, has a dominant role in the...