Lysine Market Scenario
Global Lysine Market size is touted to reach an estimatedvalue 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 experiencedrapid 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 (HongKong), 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 major players
active in the market.
Segmentation
By Type, the lysine market has been segmented into LysineHydrochloride, Lysine Monohydrate and Others.
By Grade the lysine market has been segmented into feedgrade, food grade and pharma grade. Due to its growing usage of animal feed,
the Feed Grade segment held the largest lysinemarket share in 2019. In corn-soybean diets for swine and poultry, feedgrade 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 andbeverage, Pharmaceuticals & Nutraceuticals, Animal Feed, and Personal
Care. Animal feed refers to the foodprovided 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 expandedsignificantly. 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 dominated global lysinemarket research, with China accounting for the vast majority of marketshare. 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 seensignificant 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.
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