The Global Feed Amino Acids Market is Projected to reach USD 20.4 billion by 2021 owing to Industrialization of livestock industry
Hyderabad, India -- (SBWIRE) -- 01/23/2018 -- The report "Feed Amino Acids Market by Livestock (Swine, Poultry, Cattle, Aquaculture and others), by Amino Acids (Tryptophan, Lysine, Methionine, Threonine and other Amino Acids) - Forecast to 2021", The Feed Amino Acids market is expected to reach USD 20.4Billion by 2021 from an estimated USD 15.1 Billion in 2016, at a CAGR of 6.07%. The key factors such as industrialization of livestock industry, expansion of animal meat market, changing demographics in Asia Pacific and South America and livestock disease outbreaks, are driving the growth of the global market.
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By livestock, the poultry segment accounted for the largest share of the market in 2016
On the basis of livestock, the Feed Amino Acids market has been segmented into swine, cattle, poultry, aquaculture and other livestock. The poultry segment accounts for the highest share in the Feed Amino Acids Market, mainly due to the adoption of intensive farming system more than in any other segment.
By amino acids, the lysine segment accounted for the largest share of the market in 2016
On the basis of amino acids, the Feed Amino Acids market has been segmented into Tryptophan, lysine, Methionine, Threonine, and others. Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years
Asia Pacific dominated the market in 2016
Asia Pacific accounted for the largest share of the Feed Amino Acids market in 2016, followed by Europe and North America. The large share of the Feed Amino Acids market in Asia Pacific can be attributed to the rising awareness and adaptation of the application of amino acids in feeds. Europe holds the second major market for Feed Amino Acids. Asia pacific is estimated to represent strong potential market growth in the Feed Amino Acids market due to fast technological advancements and adaptation by farmers.
The various players in the Feed Amino Acids market include Archer Daniels Midland Company, Cargill Inc, Royal Dsm N.V., Novus International Inc, Adisseo France Sas, Cheil Jedang, Ajinomoto Co. Inc., PHW Group, Evonik Industries Ag, Kemin Europa.
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