Positive outlook on animal feed demand to cater to growing meat consumption, especially in emerging markets of Latin America and Asia Pacific is expected to be a key market driver. Limited availability of major feedstock is expected to hamper the market growth over the forecast period.
The Global Lysine Market is expected to reach USD 6.96 billion by 2020, according to a new study by Grand View Research, Inc.
Animal feed emerged as the largest application segment for lysine and accounted for 92.4% of total market volume in 2013. Along with being the largest market, animal feed is also expected to be the fastest growing application segment for lysine at an estimated CAGR of 6.2% from 2014 to 2020.
Swine emerged as the leading livestock for lysine and accounted for about 58% of total market volume in 2013. Swine is also expected to be the fastest growing livestock for lysine, at an estimated CAGR of 6.5% from 2014 to 2020.
China was the largest consumer for lysine and accounted for 31.2% total volume consumed in 2013. In terms of consumption, China was followed by Europe and North America. China along with being the largest market is also expected to be one of the fastest growing markets for lysine at an estimated CAGR of 7% from 2014 to 2020.
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Top players of Lysine Market:
Top 4 manufacturers namely Global Bio-Chem Tech, Ajinomoto Ltd., Cheil Jedang Corp. and Archer Daniel Midland (ADM) capturing over 60% of the market in terms of production capacity.
Market Segmentation of Lysine Market:
The Global Lysine Market segmented on the basis of Type, Application and Region.
By Application:
Animal Feed
Food & Dietary Supplements
Pharmaceuticals
By Livestock:
Swine/hog
Poultry
Others (aquaculture, cattle)
By Region:
North America
Europe
China
Rest of Asia Pacific
Latin America
Middle East & Africa
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