Lysine and Other Amino Acids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018
Albany, NY -- (SBWIRE) -- 07/11/2017 -- Transparency Market Research recently published a research report on the global amino acids market. According to the report, the global amino acids market is expected to rise at a 5.80% CAGR by volume of demand during the period between 2012 and 2018. The report, titled 'Lysine and Other Amino Acids (Methionine, Threonine & Tryptophan) Market by Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), by Livestock (Swine, Poultry, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2018', states that the global lysine and other amino acids market was valued at US$3.50 bn in 2011 and is predicted to reach US$5.90 bn by 2018, rising at a 9.10% CAGR therein.
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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. Industrial lysine also has advantages over its natural substitute (soybean) which is driving the global market for lysine. Lysine has same nutritious value as soybean have and moreover, lysine is considered to be a more economical option for animal feed. Lysine also helps in reducing the nitrogen content in animal excreta which leads to less pollution. Ban on blood meal and bone meal in some regions around the world is also boosting the demand for lysine.
Of the key applications of lysine and other amino acids studied in the report, the segment of animal feed held a dominant share of over 90% in the global market in 2011. Of the chief livestock types examined in the report, the segment of poultry led the market, accounting for a 57% share in the market.
Of the key regional markets, China dominated the global lysine and other amino acids market with a 30.6% of the global market in 2011. Europe followed suit with a 27% of the global market. The report projects that both China and Europe will maintain their dominant positions in the market over the report's forecast period as well. The market for lysine and other amino acids in North America, which held a share of 16.8% in the global market in 2011, is expected to see growth at a rapid pace over the report's forecast period.
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Introduction of lysine and other amino acids by the leading market players is helping various industries fulfill their requirements for amino acids. Industrial lysine has many advantages over soybean, its natural substitute, which is expected to drive the global amino acids market. As lysine has similar nutritious value as soybean, it is measured to be an economical alternative for animal feed. Some of the prominent companies in the global amino acids market are Ajinomoto Co., Evonik Industries, Changchun Dacheng Group, Archer Daniel Midland (ADM), Global Bio-chem Technology Group Company Limited, Vedan international (Holdings) Limited, Shandong Shaouguang Juneng Golden Corn Co. Ltd., Cheil Jedang Corporation, and COFCO Biochemical (Anhui) Co. Ltd.
Key segments of The Electric Motors Market
Amino Acid Market, by Product Type
Lysine Market, by Application:
Food & Dietary Supplements
Lysine (Animal Feed Application) Market by, Livestock
Other (including Aquaculture & Cattle)