Lysine Market Overview:
Lysine is a type of amino acid that is vital for the both humans and animals, but human and animal bodies are not capable of producing it naturally. It is essential for proper growth and development of monogastric organisms. Being a part of many metabolic processes, lysine plays an important role in animal nutrition. Industrially, microbial fermentation of sugar substrate is method deployed for lysine production. However, feedstock supply shortage has been forcing manufacturers to consider the potential of other raw materials such as cassava and methanol for production of lysine. The global amino acids market application is divided into animal feed, food and dietary supplements, and pharmaceuticals with the animal feed sector occupying 80% of the market share in 2016 owing to the growing meat consumption of the world. Lysine helps animals gain weight faster by drawing nutrients from limited feed and delivering quality meat. This segment is also expected to grow at a CAGR of 6.2% from 2016 – 2020. Swine emerged as a leading livestock application for lysine and accounted for 58% of the total market volume for animal feed in 2016. It is also the fastest growing segment.
Lysine Market Size:
The global lysine market is valued at $2807 million in 2017 and is estimated to grow at a CAGR of 2.26% till 2022 to reach $3710 million.
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Lysine Market Drivers and Restraints:
Lysine provides an economical and efficient substitution for farmers from costly feeds and has less environmental after-effects concerning nitrous excretion. But the difficulty in obtaining sufficient raw materials has turned it into a seller’s market. Tight feedstock supply leading to increasing prices and government intervention on quality and standards may affect the profitability and market of the participants. Also, multiple meat-related breakouts have impacted the market substantially. Many alternatives are making their way into the market because of the restrained growth. Some examples are tryptophan, methionine, threonine, and others. R&D expenditures have been increased by firms to maximize capacity and minimize costs and this is hoped to keep the market up and about for years to come.
Lysine Market Geographical Overview:
Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. China is the largest market for lysine with 31% of total consumption and expected to grow at a CAGR of 7% till 2020. This was followed by Europe and North America. Growing meat consumption population in Germany and Brazil have effectively boosted markets in these areas.
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Key Players of Lysine Market:
The top 4 manufacturers are Global Bio-Chem Tech, Ajinomoto Ltd., Cheil Jedang Corp. and Archer Daniel Midland (ADM) that capture over 60% of the market in terms of production capacity.
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