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Global Lysine Market Report 2024: Latest Insights, Growth Rate And Forecast To 2033
Global Lysine Market Report
The Business Research Company offers in-depth market insights through Lysine Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The lysine market size has grown strongly in recent years. It will grow from $7.92 billion in 2023 to $8.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to livestock feed industry growth, increased meat consumption, expansion of animal husbandry practices, shift to high-protein diets, global population growth..
The lysine market size is expected to see strong growth in the next few years. It will grow to $11.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising demand for animal protein, focus on livestock health and productivity, global dietary shifts, increasing aquaculture practices. Major trends in the forecast period include technological innovations in lysine formulations, focus on lysine quality and purity, integration of lysine in sustainable livestock farming practices, market response to fluctuations in grain prices.
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Market Segmentation:
The lysine market covered in this report is segmented -
1) By Type: Lysine Hydrochloride, Lysine Monohydrate, Other Types
2) By Grade: Food Grade, Feed Grade, Pharma Grade
3) By Form: Powder, Liquid, Capsule, Cream
4) By Application: Food And Beverages, Pharmaceuticals And Nutraceuticals, Personal Care, Animal Feed
Major Driver - Rising Meat Consumption Boosts Lysine Market As Essential Supplement For Optimal Animal Growth
The increase in meat consumption is expected to propel the growth of the lysine market going forward. Meat consumption refers to the amount of meat products that individuals or populations consume as part of diet. Lysine supplementation in animal feed formulations ensures optimal growth, meets lysine requirements, supports overall health and development, and promotes the production of high-quality meat. For instance, in April 2023, according to the report published by the United States Department of Agriculture (USDA), a US-based federal agency responsible for overseeing agriculture, food, and rural development, beef meat consumption increased from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. Pork meat consumption increased from 9,918 metric tons in 2021 to 9,959 metric tons in 2022. Further, chicken meat consumption increased from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Therefore, the increase in meat consumption is driving the growth of the lysine market.
Competitive Landscape:
Major companies operating in the lysine market report are Cargill Incorporated, Archer Daniels Midland Company, CJ CheilJedang Corporation, Evonik Industries AG, DuPont de Nemours Inc., Ajinomoto Co. Inc., Perdue Farm, MeiHua Holdings Group Co, Daesang Corporation, Alltech, Kemin Industries, Novus International Inc., Heilongjiang Chengfu Food Group Co Ltd, COFCO Biochemical (Anhui) Co. Ltd., Now Supplements, Kyowa Hakko USA Inc, Sewon, Spectrum Chemical Mfg. Corp., Bio-Chem Technology Group Company Limited, Pure Encapsulations, BRI Nutrition, BulkSupplements, Nanjing Jiayi Sunway Chemical Co. Ltd., Pharmaoffer, Arshine Pharmaceutical Co
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Top Trend - Breakthrough In Precision Amino Acid Balancing And Nutritional Innovation
Product innovation is a key trend gaining popularity in the lysine market. Major companies operating in the lysine sector are focused on developing innovative products such as Biolys to strengthen their position in the market. Biolys is a highly effective and reliable source of lysine that enables unsurpassed precision in balancing amino acids. For instance, in May 2023, Evonik Industries AG, a Germany-based speciality chemicals company launched Biolys. This product meets the requirements for the essential amino acid L-lysine because it contains a higher proportion of L-lysine than is typically found in comparable products. With its excellent handling and processing properties, Biolys is a high bulk density, free-flowing granulate. Animals of all kinds can biologically access it since it is produced without using any animal byproducts. Additional essential amino acids and phosphorus are also present in the product.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Lysine Market Characteristics
3. Lysine Market Trends And Strategies
4. Lysine Market - Macro Economic Scenario
5. Lysine Market Size And Growth
…..
27. Lysine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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