Scope of the Study
Over the past few decades, global meat consumption has been increased across the global population especially in emerging economies. In addition to increasing in global population and increased wealth of the respective population will drive the demand for lysine in the animal feed sector. Lysine is a is an amino acid used in the biosynthesis of proteins. The human body is unable to synthesize lysine thus the humans do consume the same through numerous lysine substrates. In organisms that synthesize lysine, it has two main biosynthetic pathways, the diaminopimelate, and aminoadipate pathways.
The market study is being classified by Type (Type 98, Type 70 and Other (Type 65 etc.)), by Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals and Others) and major geographies with country level break-up.
Evonik Industries AG (Germany), Amino GmbH (Germany), Avantor Performance Materials LLC (United States), Yamei (China), CJ Cheil Jedang (South Korea), Ajinomoto Co. Inc. (Japan), MeiHua Holdings Group Co (China), Parchem Fine & Specialty Chemicals (United States), Elixir Group (Serbia) and Swanson Health Products (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Global Bio-chem Technology Group Co. Ltd. (Hong Kong) and Shandong Shaouguang Juneng Golden Corn Co (China).
The Vendors having a strong hold in the market are Evonik Industries, Amino, Avantor Performance Materials, Yamei, and CJ Cheil Jedang. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Lysine market throughout the predicted period.
Segment Analysis
AdvanceMarketAnalytics has segmented the market of Global Lysine market by Type, Application and Region.
On the basis of geography, the market of Lysine has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Livestock, the sub-segment i.e. Swine/hog will boost the Lysine market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Upsurging Demand for Livestock-Based Products and Increasing Consumption of the Same
- Robust Increase in Live Stock Feed Production
Market Trend
- Increasing Awareness about the Feed Quality as well as Minimized Food Related Risks
- Growing Adoption of Innovative Animal Husbandry Practices to Improve Live Feed Stock Quality
Restraints
- Stringent Government Regulations in Manufacturing Antibiotics in Different Nations
- Pricing Strategy Diggerentiations Due to Volatile Raw Material Prices for Natural Feed Additives
Opportunities
- Consumer Shift from Synthetic Live Stock Feds Towards Natural Growth Promoters
- Increasing Awareness about Nutritional Supplements for Monogastric Animals
Challenges
- Quality Control Complexities amongst the Lysine Manufacturers
- Continuously Changing Consumer Preferences
Market Leaders and their expansionary development strategies
In December 2018, Evonik (Germany) entered into an agreement with Vland (China) for co-operation in the field of probiotics for animal nutrition.
In August 2018, ADM (US) acquired Probiotics International Limited (UK) under its brand Protexin. This would increase the product portfolio of ADM’s nutrition division. In addition to this, In August 2018, BASF (Germany) launched Lucantin NXT product line in the European Union that would gradually follow in other countries. These carotenoid formulations meet the latest regulation which requires to withdraw ethoxyquin (EQ) as a stabilizer.
Key Target Audience
Lysine Manufacturers, Lysine Distributors and Suppliers, Lysine International Traders, Animal Feed Live Stock Industry Associations, Research and Development Institutes, Government Agencies, Financial Institutes and Venture Capitalists and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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