Among
all the essential amino acids, lysine is an important one as it is
required for maintaining good health. Lysine contains a positively
charged É›-amino group and acts as a building block for proteins.
In plants, lysine is synthesized from aspartic acid; however, lysine
is not naturally produced in animals or humans. The natural
alternative for lysine is soybean; however, industrial lysine has
more advantages over it. Lysine has the same nutritive value that of
soybean but it is an economical option for animal feed. Thus,
production of lysine and other amino acids is an emerging industry,
which is expected to grow significantly in the near future.
The
Global Lysine and Other Amino Acids Market Is Expected To Touch
US$5.9 Billion Till 2018
In
2011 the global
lysine and other amino acids market was worth US$3.5 billion and
is anticipated to reach US$5.9 billion by the end of 2018, with a
promising 9.1% CAGR from 2012 to 2018. In terms of volume, the global
lysine and other amino acids market stood at 1,696.9 kilo tons in
2011. The volume of this market is expected to grow at a CAGR of 5.8%
from 2013 to 2018, allowing it to reach an output of 2,518.0 kilo
tons till 2018.
Advantages
of lysine over soybean, ban on blood meal and bone meal in many
religions, and growth in global meat consumption are considered as
the driving factors of the global lysine and other amino acids
market. The increasing demand for meat across the globe is boosting
the lysine production and other raw materials associated with it such
as maize, corn, sugar molasses, and others. Nevertheless, the growth
of the lysine and amino acids market will be hampered by tight supply
of raw materials in the forecast period. Owing to the rising prices
of the raw materials, the industrial producers are considering other
raw materials that are cost-effective and available in bulk.
Animal
Feed Application to Boost the Demand of Lysine in the Global Market
The
global amino acid market is broadly segmented on the basis of types
which are lysine, methionine, threonine, and tryptophan. The global
lysine market is further sub-segmented on the basis of applications
of lysine that are pharmaceuticals, food and dietary supplements, and
animal feed. Lysine is considered as a necessary feed additive for a
healthy growth of animals mainly for poultry and swine. Lysine also
helps in lowering the content of nitrogen in animal excreta which
further helps in reducing pollution.
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The
animal feed application of lysine and other amino acids comprises
poultry, hog/swine, and others that include cattle and aquaculture.
In 2011, animal feed segment held about 90% of the total market
share. Among all the livestock that are served with lysine through
animal feed, poultry market accounted for about 57% of the total
revenue in 2011, followed by hog/swine feed which accounted for the
second position.
The
global lysine and other amino acids market is geographically
segmented into six regions which are China, Latin America, Europe,
North America, Rest of Asia Pacific, and Rest of the World. In 2011,
China held the largest market share at 30.6% which was closely
followed by Europe and North America at 27% and 16.8% respectively.
Prominent
Players of the Industry
The
global lysine and other amino acids market is anticipating a boost in
the forecast period owing to which many market players are planning
to expand their business segment. Some of the prominent payers in the
market are Ajinomoto Co., Cheil Jedang Corporation, COFCO Biochemical
(Anhui) Co. Ltd., Archer Daniel Midland (ADM), Global Bio-chem
Technology Group Co. Ltd., Vedan International (Holdings) Limited,
Shandong Shaouguang Juneng Golden Corn Co. Ltd., Evonik Industries,
and Changchun Dacheng Group.
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