L lysine hydrochloride Market is expected to grow at a CAGR of 3.04% : Cognitive Market Research

L lysine hydrochloride Market worth USD 229.89 Million in 2021 and is expected to grow at a CAGR of 3.04% - Exclusive Report by Cognitive Market Research
L-lysine hydrochloride is a solid white colour powder that belongs to the amino acids and derivatives chemical class. L-lysine refers to the biologically active form of lysine. L-lysine hydrochloride is the hydrochloride salt of L-lysine and an essential amino acid that is often used as a food additive and in animal feed.

Market Dynamics:
• Significant usage of L lysine hydrochloride in medical, food and beverage, and personal care, industries is driving the growth of the L lysine hydrochloride market
- L lysine Hydrochloride is been used to prevent medical conditions including cold sores and genital herpes (herpes simplex virus (HSV)), and osteoporosis (by improving calcium absorption and retention in the body). Few researchers also claim that it helps to improve symptoms of schizophrenia which drives the demand for L lysine Hydrochloride in the medical sector.
The Statistics from International Osteoporosis Foundation states that osteoporosis causes more than 8.9 million fractures annually, resulting in an osteoporosis fracture every 3 seconds in the world.

• L lysine hydrochloride is used as a protein supplement by several athletes to boost recovery of muscle tissue after stress. It is also commonly used as a food additive in the food industry. With the increasing population and the number of athletes, the demand for L lysine hydrochloride as a food additive and protein supplement also increases simultaneously which drives the growth of the L lysine hydrochloride market.

• Lysine HCl has the ability to induce softness, lightness, and shine in the hair. Owing to this L lysine hydrochloride are been used in the formulation of hair shampoo and conditioner. Thus, with the growing demand for personal care products, the demand for L lysine hydrochloride also increasing, driving the growth of L lysine Hydrochloride in the market.

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Market Opportunity
• Increasing demand for animal feed may offer lucrative opportunities for the L lysine hydrochloride market
- L lysine hydrochloride is used as a supplement in animal feed for poultry, swine, and other livestock. Increasing demand for livestock products across the globe is been reported which is expected to provide growth opportunities for the market.

Regional Analysis of L lysine hydrochloride Market:
• North America contributes as the largest consumer of L lysine Hydrochloride Market
- Based on Region, the market is fragmented into North America, Europe, Asia Pacific, Latin America and the Middle East, and Africa. North America is anticipated to have the highest market share followed by Europe. The growing geriatric population results in increasing cases of osteoporosis which drives the demand for L-lysine hydrochloride in North America. The data from the Office of Disease Prevention and Health Promotion states that in the United States, an estimated 10 million people age 50 years and older have osteoporosis. Moreover, North America also projects strong demand for L lysine hydrochloride from the pet food and animal feed industry which also contributes to a high market share.

Top players involved in the L lysine hydrochloride market:
• ADM
• Evonik
• Merck KGaA
• Ajinomoto
• MEIHUA HOLDINGS GROUP CO., LTD .
• Novous International
• Venkys India
• Ningxia Eppen Biotech Co., Ltd
• CJ CheilJedang Corp
• Juneng Golden Corn

Current Trends of Manufacturers:
• September 2022
- Novus International seeking channel partners in China and is focusing on business expansion in Asia
Novus International, Inc has planned to change to an indirect business model in the China market. The company is focusing on establishing channel partners to serve customers in China.

Segment Analysis:
• The animal feed industry is estimated to have the highest market share followed by the food and beverage industry
- Based on Application, the market is fragmented into the animal feed industry, food and beverages industry, and the pharmaceutical and personal care industry. The animal feed industry is estimated to have the highest market share as it is widely used as a supplement in animal feed to boost the protein content and quality of feed.

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