Transparency Market Research has published a new report titled ”Lysine and Other Amino Acids Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018” to its report store.
Albany, NY -- (SBWIRE) -- 06/15/2016 -- Among all the essential amino acids, lysine is an important one as it is required for maintaining good health. Lysine contains a positively charged É'-amino group and acts as a building block for proteins. In plants, lysine is synthesized from aspartic acid; however, lysine is not naturally produced in animals or humans. The natural alternative for lysine is soybean; however, industrial lysine has more advantages over it. Lysine has the same nutritive value that of soybean but it is an economical option for animal feed. Thus, production of lysine and other amino acids is an emerging industry, which is expected to grow significantly in the near future.
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The Global Lysine and Other Amino Acids Market Is Expected To Touch US$5.9 Billion Till 2018
In 2011the global lysine and other amino acids market was worth US$3.5 billion and is anticipated to reach US$5.9 billion by the end of 2018, with a promising 9.1% CAGR from 2012 to 2018. In terms of volume, the global lysine and other amino acids market stood at 1,696.9 kilo tons in 2011. The volume of this market is expected to grow at a CAGR of 5.8% from 2013 to 2018, allowing it to reach an output of 2,518.0 kilo tons till 2018.
Advantages of lysine over soybean, ban on blood meal and bone meal in many religions, and growth in global meat consumption are considered as the driving factors of the global lysine and other amino acids market. The increasing demand for meat across the globe is boosting the lysine production and other raw materials associated with it such as maize, corn, sugar molasses, and others. Nevertheless, the growth of the lysine and amino acids market will be hampered by tight supply of raw materials in the forecast period. Owing to the rising prices of the raw materials, the industrial producers are considering other raw materials that are cost-effective and available in bulk.
Animal Feed Application to Boost the Demand of Lysine in the Global Market
The global amino acid market is broadly segmented on the basis of types which are lysine, methionine, threonine, and tryptophan. The global lysine market is further sub-segmented on the basis of applications of lysine that are pharmaceuticals, food and dietary supplements, and animal feed. Lysine is considered as a necessary feed additive for a healthy growth of animals mainly for poultry and swine. Lysine also helps in lowering the content of nitrogen in animal excreta which further helps in reducing pollution.
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The animal feed application of lysine and other amino acids comprises poultry, hog/swine, and others that include cattle and aquaculture. In 2011, animal feed segment held about 90% of the total market share. Among all the livestock that are served with lysine through animal feed, poultry market accounted for about 57% of the total revenue in 2011, followed by hog/swine feed which accounted for the second position.
The global lysine and other amino acids market is geographically segmented into six regions which are China, Latin America, Europe, North America, Rest of Asia Pacific, and Rest of the World. In 2011, China held the largest market share at 30.6% which was closely followed by Europe and North America at 27% and 16.8% respectively.
Prominent Players of the Industry
The global lysine and other amino acids market is anticipating a boost in the forecast period owing to which many market players are planning to expand their business segment. Some of the prominent payers in the market are Ajinomoto Co., Cheil Jedang Corporation, COFCO Biochemical (Anhui) Co. Ltd., Archer Daniel Midland (ADM), Global Bio-chem Technology Group Co. Ltd., Vedan International (Holdings) Limited, Shandong Shaouguang Juneng Golden Corn Co. Ltd., Evonik Industries, and Changchun Dacheng Group.
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