Transparency
Market Research recently published a research report on the global
amino acids market. According to the report, the global amino acids
market is expected to rise at a 5.80% CAGR by volume of demand during
the period between 2012 and 2018. The report, titled ‘Lysine and
Other Amino Acids (Methionine, Threonine & Tryptophan) Market by
Application (Animal Feed, Food & Dietary Supplements,
Pharmaceuticals), by Livestock (Swine, Poultry, Others) - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 -
2018’, states that the global lysine
and other amino acids market
was valued at US$3.50 bn in 2011 and is predicted to reach US$5.90 bn
by 2018, rising at a 9.10% CAGR therein.
The
global lysine demand was 1,445.0 kilo tons in 2009 which increased to
1,610.0 kilo tons in 2010. The growing demand of meat, especially in
developing countries is expected to drive the market for lysine in
the near future. Lysine as a feed additive is essential for the
growth of animals especially swine and poultry. Industrial lysine
also has advantages over its natural substitute (soybean) which is
driving the global market for lysine. Lysine has same nutritious
value as soybean have and moreover, lysine is considered to be a more
economical option for animal feed. Lysine also helps in reducing the
nitrogen content in animal excreta which leads to less pollution. Ban
on blood meal and bone meal in some regions around the world is also
boosting the demand for lysine.
Of
the key applications of lysine and other amino acids studied in the
report, the segment of animal feed held a dominant share of over 90%
in the global market in 2011. Of the chief livestock types examined
in the report, the segment of poultry led the market, accounting for
a 57% share in the market.
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Of
the key regional markets, China dominated the global lysine and other
amino acids market with a 30.6% of the global market in 2011. Europe
followed suit with a 27% of the global market. The report projects
that both China and Europe will maintain their dominant positions in
the market over the report’s forecast period as well. The market
for lysine and other amino acids in North America, which held a share
of 16.8% in the global market in 2011, is expected to see growth at a
rapid pace over the report’s forecast period.
Introduction
of lysine and other amino acids by the leading market players is
helping various industries fulfill their requirements for amino
acids. Industrial lysine has many advantages over soybean, its
natural substitute, which is expected to drive the global amino acids
market. As lysine has similar nutritious value as soybean, it is
measured to be an economical alternative for animal feed. Some of the
prominent companies in the global amino acids market are Ajinomoto
Co., Evonik Industries, Changchun Dacheng Group, Archer Daniel
Midland (ADM), Global Bio-chem Technology Group Company Limited,
Vedan international (Holdings) Limited, Shandong Shaouguang Juneng
Golden Corn Co. Ltd., Cheil Jedang Corporation, and COFCO Biochemical
(Anhui) Co. Ltd.
Key
segments of The Electric Motors Market
Amino
Acid Market, by Product Type
- Lysine
- Methionine
- Threonine
- Tryptophan
Lysine
Market, by Application:
- Animal Feed
- Food & Dietary Supplements
- Pharmaceuticals
Lysine
(Animal Feed Application) Market by, Livestock
- Swine/Hog
- Poultry
- Other (including Aquaculture & Cattle)
