The global market for lysine is expected to
reach USD 6.96 billion by 2020, according to a new study by Grand View
Research, Inc. 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.
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.
Access Full research report on lysine analysis:
Further key findings from the study suggest:
·
The global lysine was 1,902.3 kilo tons in
2013 and is expected to reach 2,854.9 kilo tons by 2020, growing at a CAGR of
6.0% 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.
·
The lysine market is highly concentrated
with 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.
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
Grand View Research has segmented the
lysine market on the basis of type, application and region:
Global Lysine Application Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
Animal Feed
·
Food & Dietary Supplements
·
Pharmaceuticals
Global Lysine Livestock Outlook (Volume, Kilo Tons;
Revenue, USD Million, 2012 - 2020)
·
Swine/hog
·
Poultry
·
Others (aquaculture, cattle)
Lysine Regional Outlook (Volume, Kilo tons; Revenue, USD
Million, 2012 - 2020)
·
North America
·
Europe
·
China
·
Rest of Asia Pacific
·
Latin America
·
Middle East & Africa
Browse Press Release of this Report: https://www.grandviewresearch.com/press-release/global-lysine-market
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: https://www.grandviewresearch.com/
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