Lysine Market Scenario
Global Lysine Market size is touted to reach an estimated
value of USD 2.06 Billion by 2030, at a CAGR of 6.8% over the review period
from 2022 to 2030.
Market Synopsis
In recent years, the global lysine
market has experienced rapid growth. Lysine enhances protein synthesis,
which aids muscle development in animals like swine. It's used in animal feed
to increase the consistency and quantity of meat and eggs. To have high-quality
products, beef farmers are relying more on animal dietary needs. As a result,
the demand for lysine is increasing. The global lysine market is being driven
by the rapid expansion of the livestock industry. The food and beverage
industry's growing demand for practical food ingredients has provided an
opportunity for lysine producers. Significant manufacturers are raising their
R&D activities to improve their products, facilities, and technology.
Manufacturers, for example, are introducing emerging innovations such as
encapsulation methods to improve performance and efficacy. It's gaining a lot
of traction from manufacturers. By shielding it from the outside world,
encapsulation technology aims to increase its escape and have a longer shelf
life. By incorporating better formulation, research and development would
result in the creation of new goods with increased consistency and
functionality. Due to rising rates of lifestyle problems such as cardiovascular
disease, obesity, osteoporosis, and diabetes, consumer interest in health and
wellbeing has increased in recent years. Market dietary preferences and
perceptions of natural ingredients have shifted as a result of this. As a
result, increasing market appetite for fresh and clean-label products is
boosting natural ingredient demand in the food & beverage and animal
nutrition industries.
Competitive Landscape
Global Bio-chem Technology Group Company Limited (Hong
Kong), Ajinomoto Co., Ltd. (Japan), Cheil Jedang Corp (South Korea), Archer
Daniel Midland (ADM), Evonik Industries (Germany), COFCO Biochemical (Anhui)
Co. Ltd. (China), Shandong Shaouguang Juneng Golden Corn Co. Ltd. (China),
Changchun Dacheng Group (China), Sunrise Nutrachem Group (China), KYOWA HAKKO
BIO CO., LTD. (Japan), Juneng Golden Corn Co., Ltd. (China), Penta
Manufacturing Company (US), BANGYE Inc. (China), Shijiazhuang Shixing Amino
Acid Co., Ltd. (China), and Bajaj Healthcare Ltd. (India) are the lysine
key market players.
Segmentation
By Type, the lysine market has been segmented into Lysine
Hydrochloride, Lysine Monohydrate and Others.
By Grade the lysine market has been segmented into feed
grade, food grade and pharma grade. Due to its growing usage of animal feed,
the Feed Grade segment held the largest lysine market share in 2019. In
corn-soybean diets for swine and poultry, feed grade lysine is a common amino
acid. It's a low-cost, high-protein product that's used in animal feed.
By Form, the market has been segmented into powder, liquid,
and granules.
By Application, the market has been segmented into food and
beverage, Pharmaceuticals & Nutraceuticals, Animal Feed, and Personal
Care. Animal feed refers to the food
provided to domestic animals such as pigs, chickens, and other poultry. To
increase the diets of farm animals, animal feed is processed on a wide scale.
As a result, the diets of things like eggs, milk, and meat increase. As a
result, the animal feed sector dominates the industry.
Regional Overview
In recent years, the European lysine demand has expanded
significantly. The emphasis on animal nutrition has shifted as European farmers
have become more mindful of food safety and the European Commission has imposed
more strict regulations. In addition, the increasing market for flavouring
agents in the food and beverage industry is expected to boost lysine demand.
In 2019, Asia-Pacific led the global lysine market insights,
with China accounting for the vast majority of the market share. The widespread
consumption of pork, chicken, and duck in China and Japan, as well as many
other South-East Asian countries, is propelling the Asia-Pacific lysine market
forward. During the forecast period, the Asia Pacific lysine market is expected
to be driven by the growing food and beverage industry, the demand for natural
ingredients, and the meat consumption, to name a few factors.
Over the analysis era, the Americas have also seen
significant development. The demand for lysine in Latin America is projected to
rise as meat consumption rises in Brazil and Mexico. Brazil is Latin America's
biggest feed manufacturer and the world's eighth largest. Currently, the nation
produces nearly 70 million tonnes of feed, mainly for poultry and livestock.
However, recent feed production deflation could limit commodity demand in the
immediate future, although long-term growth is expected due to increased
poultry and beef exports. Mexico's economic ties with the United States and
Canada have had a huge impact on the country's production environment, which
includes animal feed production. The nation is the world's fourth largest feed
producer, and exports to other American countries have helped it develop.
Browse In-depth Market Research Report (128 Pages,
Charts, Tables, Figures) Lysine Market Report :
https://www.marketresearchfuture.com/reports/lysine-market-10103
NOTE: Our Team of Researchers are Studying Covid19 and
its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of Wantstats Research and
Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013,
United States of America
Agricultural
Bactericides Market Research Report - Global Forecast till 2027
No comments:
Post a Comment