The global lysine demand was 1,445.0 kilo tons in 2009 which increased to 1,610.0 kilo tons in 2010. The growing demand of meat, especially in developing countries is expected to drive the market for lysine in the near future. Lysine as a feed additive is essential for the growth of animals especially swine and poultry.
Albany, NY -- (SBWIRE) -- 02/23/2016 -- Lysine is considered to be one of the most essential amino acids needed to maintain the health of humans and animals. Consumed as a dietary supplement and feed additive, lysine is proven to be healthier than soybean, its natural substitute.
The demand for lysine and other amino acids has grown over the years given their nutritional value and economical nature of production. Amino acids such as methionine, lysine, tryptophan, and threonine are used as dietary and food supplements, animal feed, and in pharmaceuticals around the world.
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The report on the global lysine and other amino acids market is a comprehensive database of unbiased, accurate, and updated information on the definition, structure, elements, classification, application, and functioning of the lysine and other amino acids market. With the help of business intelligence tools such as Porter's Five Forces, SWOT Analysis, and value chain analysis, the report offers a 360-degree overview of the lysine and other amino acids market, backed by inputs from industry experts.
Overview of the Market
By revenue, the global lysine and other amino acids market stood at US$3.5 billion in 2011 and is projected to grow to US$5.9 billion by 2018, registering a strong 9.1% CAGR from 2012 to 2018. By demand volume, the market for lysine is anticipated to grow from 1,696.9 kilo tons in 2011 to 2,518.0 kilo tons by 2018 at a modest 5.8% CAGR over the forecast period.
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The growth in global meat consumption, coupled by the ban on bone meal and blood meal is the primary driving factor for the lysine and other amino acids market. The rising benefits of lysine over soybean are also responsible for the development of the lysine and other amino acids market. In addition, shifting trend toward other raw materials and rising meat demand from Asia Pacific countries holds numerous opportunities for growth. In contrast, tight supply of raw materials is likely to restrict the lysine and other amino acids market over the forecast period.
Among the various applications of lysine, animal feed constituted for more than 90% of the overall demand. Of the numerous livestock served by lysine, the poultry segment generated 57% of the revenue in 2011. China holds the largest share of the global lysine and other amino acids market, followed by Europe, and North America.
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Companies Mentioned in the Report
Ajinomoto Co., Global Bio-chem Technology Group Company Limited, Evonik Industries, Vedan International (Holdings) Limited, Changchun Dacheng Group, Cheil Jedang Corporation, Archer Daniel Midland (ADM), Shandong Shaouguang Juneng Golden Corn co. Ltd., and COFCO Biochemical (Anhui) Co. Ltd. are some of the prominent participants of the global lysine and other amino acids market.
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