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.
Full Research Report On Lysine Market Analysis:
http://www.grandviewresearch.com/industry-analysis/lysine-market
http://www.grandviewresearch.com/industry-analysis/lysine-market
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
View Press
Release of this research report by Grand View Research: 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: www.grandviewresearch.com
For More Information: www.grandviewresearch.com
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