Lysine Market Scenario
Global Lysine Market size is touted to reach an estimated value of USD 2.06 Billion by 2030, at a CAGR of 6.8% over the review period from 2022 to 2030.
Market Synopsis
In recent years, the global lysine market has experienced rapid growth. Lysine enhances protein synthesis, which aids muscle development in animals like swine. It's used in animal feed to increase the consistency and quantity of meat and eggs. To have high-quality products, beef farmers are relying more on animal dietary needs. As a result, the demand for lysine is increasing. The global lysine market is being driven by the rapid expansion of the livestock industry. The food and beverage industry's growing demand for practical food ingredients has provided an opportunity for lysine producers. Significant manufacturers are raising their RD activities to improve their products, facilities, and technology. Manufacturers, for example, are introducing emerging innovations such as encapsulation methods to improve performance and efficacy. It's gaining a lot of traction from manufacturers. By shielding it from the outside world, encapsulation technology aims to increase its escape and have a longer shelf life. By incorporating better formulation, research and development would result in the creation of new goods with increased consistency and functionality. Due to rising rates of lifestyle problems such as cardiovascular disease, obesity, osteoporosis, and diabetes, consumer interest in health and wellbeing has increased in recent years. Market dietary preferences and perceptions of natural ingredients have shifted as a result of this. As a result, increasing market appetite for fresh and clean-label products is boosting natural ingredient demand in the food beverage and animal nutrition industries.
Competitive Landscape
Global Bio-chem Technology Group Company Limited (Hong Kong), Ajinomoto Co., Ltd. (Japan), Cheil Jedang Corp (South Korea), Archer Daniel Midland (ADM), Evonik Industries (Germany), COFCO Biochemical (Anhui) Co. Ltd. (China), Shandong Shaouguang Juneng Golden Corn Co. Ltd. (China), Changchun Dacheng Group (China), Sunrise Nutrachem Group (China), KYOWA HAKKO BIO CO., LTD. (Japan), Juneng Golden Corn Co., Ltd. (China), Penta Manufacturing Company (US), BANGYE Inc. (China), Shijiazhuang Shixing Amino Acid Co., Ltd. (China), and Bajaj Healthcare Ltd. (India) are the major players active in the market.
Segmentation
By Type, the lysine market report has been segmented into Lysine Hydrochloride, Lysine Monohydrate and Others.
By Grade the lysine market has been segmented into feed grade, food grade and pharma grade. Due to its growing usage of animal feed, the Feed Grade segment held the largest lysine market share in 2019. In corn-soybean diets for swine and poultry, feed grade lysine is a common amino acid. It's a low-cost, high-protein product that's used in animal feed.
By Form, the market has been segmented into powder, liquid, and granules.
By Application, the market has been segmented into food and beverage, Pharmaceuticals Nutraceuticals, Animal Feed, and Personal Care. Animal feed refers to the food provided to domestic animals such as pigs, chickens, and other poultry. To increase the diets of farm animals, animal feed is processed on a wide scale. As a result, the diets of things like eggs, milk, and meat increase. As a result, the animal feed sector dominates the industry.
Regional Overview
In recent years, the European lysine demand has expanded significantly. The emphasis on animal nutrition has shifted as European farmers have become more mindful of food safety and the European Commission has imposed more strict regulations. In addition, the increasing market for flavouring agents in the food and beverage industry is expected to boost lysine demand.
Over the analysis era, the Americas have also seen significant development. The demand for lysine in Latin America is projected to rise as meat consumption rises in Brazil and Mexico. Brazil is Latin America's biggest feed manufacturer and the world's eighth largest. Currently, the nation produces nearly 70 million tonnes of feed, mainly for poultry and livestock. However, recent feed production deflation could limit commodity demand in the immediate future, although long-term growth is expected due to increased poultry and beef exports. Mexico's economic ties with the United States and Canada have had a huge impact on the country's production environment, which includes animal feed production. The nation is the world's fourth largest feed producer, and exports to other American countries have helped it develop.
In 2019, Asia-Pacific led the global lysine industry, with China accounting for the vast majority of the market share. The widespread consumption of pork, chicken, and duck in China and Japan, as well as many other South-East Asian countries, is propelling the Asia-Pacific lysine market trends forward. During the forecast period, the Asia Pacific lysine market is expected to be driven by the growing food and beverage industry, the demand for natural ingredients, and the meat consumption, to name a few factors.
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