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I know that the version is After Effects 2019. But this problem appeared on newer versions of the program. I tried absolutely everything. Everything! Absolutely! Nothing helped! You are my last hope!
What do you mean by everything? Did you try to reset After Effects preferences?
Sorry for your issue.
If Byron Cortez's suggestion doesn't help, please try the steps mentioned in the following Community thread: https://community.adobe.com/t5/after-effects/initializing-required-components-problem/td-p/11843485
Let us know how it goes.