Global Lysine Market to be Dominated by Animal Feed Segment Through 2028
Growing awareness towards
health and rising demand for livestock are factors to drive the demand for the
global lysine market in the forecast period, 2024-2028.
According to TechSci Research report, “Global lysine Market- By Region, Competition
Forecast and Opportunities, 2018-2028”, The global lysine market
is estimated to grow at an impressive rate in the forecast period, 2024-2028. Increasing demand for meat and growing awareness
about health is the primary factor affecting the market's share of lysine. Due
to its characteristics, it helps develop different protein-rich products that
help reduce pancreas inflammation, fasten children's growth, improve heart
functions, strengthen bone, increase insulin secretion, reduce diabetes
complications, and lower blood glucose. Rising prices, feedstock supply, strict
regulatory regulations, and availability of alternative options such as
threonine and methionine having similar properties might hinder the lysine
market growth.
Government initiatives
and policies over sustainable development and livestock cultivation are
expected to boost the lysine market's demand. Global demand for lysine is
anticipated to be driven by the growing demand from end-user such as animal
feed, the food industry, and healthcare to avail lysine in the diet. The lysine
market is expected to expand over the projected years due to growing cosmetic
applications that act as skin-softening and hair-conditioning agents. Hence,
increasing R&D to find new applications led to increased demand for the
global lysine market in the projected period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Lysine Market"
The global lysine market is
segmented based on type and application.
Based on type, the market is
divided into lysine chloride and lysine sulfate. The lysine chloride segment
will hold the largest market share till 2028. Due to its properties, it is used
to heal various medical problems such as osteoporosis, pain, aphthous ulcers,
and other conditions, which make them propel the lysine market growth and
dominate the segment.
Based on application, the
market is divided into animal feed, the food industry, healthcare, and others.
The animal feed segment will hold the largest market share till 2028. Owing to
lysine's low cost and high efficiency compared to substitutes which are more
expensive crude proteins like soybean and corn, make it a more demanded
alternative in animal feed. Hence, Animal feed dominates its segment.
Major companies operating
in global Lysine market are:
- Ajinomoto Co., Inc.
- Kyowa Hakko Bio Co. Ltd.
- Henan Steroids Bio-Technology Co. Ltd.
- Global Bio-chem Technology Group Company Limited
- Shanghai
Soyoung Biotechnology Inc.
- Shanghai
Changgen Chemical Technology Co Ltd
- Zibo
Xinglu Chemical Plant
- Shaanxi
Dideu Medichem Co.,LTD
- Wuxi
Jinghai Amino Acid Co., Ltd.
- Evonik
Industries AG
- Archer
Daniels Midland Company
- Huntsman
International, LLC
Various companies in the market are following strategies
such as mergers & acquisitions, new product launches, investments, funding
& collaborations in order to stay competitive and have an edge over other
players operating in the market. For instance, in 2019, Japanese brewer and
beverage producer Kirin Holdings Co. Ltd. agreed to purchase a 95% stake in
biochemicals company Kyowa Hakko Bio for approximately 878 million USD.
In 2021, BASF and Cargill were intensifying their
collaboration in the animal nutrition business, including research &
development capabilities and new markets to the partners existing feed enzymes
distribution agreements. This will help bring an innovative product that
lessens nutrient waste, improves feed efficiency, and promotes animal growth
and well-being in livestock farming.
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"The Asia- Pacific region is
expected to dominate the global Lysine market in the coming years due to
expanding livestock industry and health benefits linked with lysine intake.
Growing demand for natural ingredients and cost-effective substitutes for
different meats is raising the demand for lysine in the market. China accounts
for the world's largest lysine user, with 31.0 % of global consumption.
Increasing consumption of chicken, pig, goat, and sheep meat in countries such
as India, China, and other South-East Asian countries is propelling the demand
for lysine in the region.
Rising awareness towards health and
rising demand for livestock is the key reason for market growth. The growing
prevalence of the advantages of lysine’s, such as producing hormones, enzymes, and
antibodies. It helps livestock grow weight quicker whereas producing
high-quality meat by absorbing nutrients from the same amount of feed. The
increased acceptance of new applications such as cosmetic industries and
government policies on livestock cultivation are propelling the market share
and creating favorable conditions to drive the global lysine market growth till
2028." said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Global Lysine Market-
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented
By Type (Lysine Chloride and Lysine Sulphate), By Application (Animal Feed,
Food Industry, Healthcare, Others), By Company, By Region,
has evaluated the
future growth potential of global lysine market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in global lysine market.”
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