Global Report: Amino Acids 2023

Joanna Sikorska
8 min reading
Global Report: Amino Acids 2023
Table of contents
  • The Amino Acids market was valued at USD 27.22 billion in 2023 and is expected to continue gaining popularity.
  • In Q1 2023, Amino Acid prices initially increased in January, but decreased in February due to low demand and large supply worldwide.
  • In Q2 the prices began to rise due to high demand.
  • In September, Amino Acid prices rose steadily due to increased demand in the feed sector and reduced supply from major producers.

Overview of Amino Acids Market in 2023

According to recent reports, the Amino Acids market is estimated at USD 27.22 billion in 2023. It will continue to gain popularity over the next 7 years with an expected growth rate of 8.5% CAGR. The global Amino Acids market is mainly influenced by the animal feed and human food sectors, which currently represent the most valuable applications.


At the beginning of the year, in January, Amino Acids prices were at a fairly high level. However, as February approached, prices fell globally due to low demand and abundant supply. Before long, orders for the second and third quarters commenced and poultry farmers were looking for Lysine HCl for animal feed. This, together with the price pressure on all Amino Acids, led to a surge in prices.


Prices experienced a sharp drop in early April, following the market in March. But later in Q2 2023, the situation changed – demand for these commodities was big and Amino Acid prices increased. Prices started to stabilize in May and this price trend continued until the last weeks of June.


Essential Amino Acids like Lysine, Threonine, and Methionine have notably surged in price over August. In September Amino Acid prices have been on a consistent rise. The feed sector was witnessing a sharp increase in demand for Amino Acids, while at the same time supply from major producers declined. This trend of rising prices is expected to continue in the coming months.

Key Amino Acids – market outline


At the beginning of 2023, the price of Lysine HCl was 1535 EUR/MT. Over time, the price began to fall significantly. It was not until the end of February and the beginning of March that prices began to rise again. The reason for this was that poultry feed producers were eagerly looking for Lysine at that time, and it was combined with the price pressure affecting all Amino Acids.

In April, Lysine producers hoped to raise the price of this commodity, but they met with falling demand. We saw another drop in prices, they reached the lowest level this year at 1270 EUR/MT. In May, we finally saw a difference, as prices started to rise because there were many eager potential buyers on the market, but not enough quantities of the product to meet their needs and expectations.

Over the next couple of weeks, prices have been rising steadily, due to rising domestic and international demand and the fact that a major producer decided to temporarily shut down its factories in June and July, limiting the availability of Lysine HCl. In September, prices even reached the 1530-1630 EUR/MT mark, due to increasingly tight availability on the European and international markets.


Methionine is another Amino Acid whose prices were decreasing at the beginning of the year. It was influenced by lower raw material costs, fluctuations in demand and excess inventory leading to price reductions.

In Q2, Methionine prices decreased due to stable demand and large supply. In May, it reached the lowest price of the year – 2250 EUR/MT. Over time, Methionine was in demand on the market and its prices increased – in June it was already 2480-2580 EUR/MT. At the end of Q2 and beginning of Q3, a gradual increase in the price of Methionine was observed, which was due to the increase in demand from end users and the continuing shortage of supply. Prices reached 2700 EUR/MT in September as supply issues persisted.


The market situation for Threonine was very similar to the previously mentioned products. As the Q1 progressed, the demand declined, and so did prices. At the end of February, they reached their lowest point this year at 1270 EUR/MT. Then we saw some movement in prices throughout March – that is when the demand, especially for feed grade, increased, which led to rising prices.

Prices of Threonine in Q2 were rising again because of growing demand among buyers and a desire to recoup losses from the previous quarter among producers. Another reason for the price increase was the fact that a relatively small amount of this commodity was available on the market.

We finally saw some ease in prices in Q3, i.e. at the end of July. This situation did not last long – at the very beginning of September, prices rose again. The reason for this was a surge in demand, which was accompanied by lower supply. The price reached 1650 EUR/MT.

Global Reports from Foodcom S.A.

One burning question remains: what will happen to Amino Acids prices in Q4 and beyond? This industry is dynamic, so to stay ahead of the curve and gain valuable insights into the future of Amino Acids, visit our blog – we update our reports regularly! Stay in touch with Foodcom S.A.

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