Market Forecast
Global Lysine Marketsize is projected to be valued at USD 3.16 Billion by 2026 at a CAGR of 7.2%
between 2022 and 2030. The demand for lysine is increasing with raising
awareness of its health benefits. The natural ingredients and additives market
has registered tremendous growth in the past few years, and the same trend is
expected for the lysine market. Additionally, the North American and European
markets are witnessing the growing demand for lysine.
The key players in themarket have been responsive to shifting consumer preferences and are focused on
strategic acquisitions, product launches, and partnerships. Moreover, the key
players in the market are focusing on expanding their R&D capabilities. For
instance, in February 2020, Ajinomoto Co., Ltd. announced the opening of the
new Thai Technology and Engineering Center Building, which is located in
Ajinomoto’s Ayutthaya Factory area. Investments in the market are projected to
have a significant impact on the lysine market size during the forecast period.
Key Players
Following are keyplayers in Lysine Market
- 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)
- Bajaj Healthcare Ltd. (India)
Segmentation
By Type, the markethas been segmented into Lysine Hydrochloride, Lysine Monohydrate and Others.
By Grade the lysine marketanalysis 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 markethas been segmented into powder, liquid, and granules.
By Application, themarket 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 aspigs, 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.
Market USP
Increase in adoptionof lysine market growth in animal feed
Regional Overview
In recent years, the Europeanlysine 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-Pacificled the global lysine industry, 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 trends forward. During the forecast
period, the Asia Pacific lysine market size is expected to be driven by the growing foodand beverage industry, the demand for natural ingredients, and the meat
consumption, to name a few factors.
GrowthOpportunities in the Market
High Investments inR&D: R&Dinvestments by the major manufacturers enhance the products, services, and
technologies. For instance, manufacturers are incorporating new technologies to
develop efficiency and effectiveness which includes encapsulation techniques.
It is gaining massive acceptance among manufacturers. Encapsulation technology
helps to improve its release and offer a longer shelf life by protecting it
from the external environment. Research and development will lead to the
formation of new products with improved quality and functionality by including
better formulation
Rising demand fornatural ingredients: Consumerfocus on health and wellness has seen a rise in recent years owing to
increasing incidences of lifestyle disorders such as cardiovascular diseases,
obesity, osteoporosis, and diabetes. This has changed consumer food choices and
perception of natural ingredients. Thus, rising consumer preference for natural
and clean-label products is driving the demand for natural ingredients in the
food & beverage as well as animal nutrition industry.
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