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Lysine Market Analysis, Trends, Growth, Research And Forecast 2032
Lysine Market
The Business Research Company's Lysine Global Market Report 2023 identifies the increase in meat consumption as the major driver for the lysine market's growth in the forecast period. 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.
The global lysine market size is expected to grow from $7.3 billion in 2022 to $7.92 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of lysine market is expected to reach $10.57 billion in 2027 at a CAGR of 7.5%.
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Major competitors in the lysine market are AbbVie Inc., Galderma Inc., Ipsen SA, Daewoong Pharmaceutical Co. Ltd., Supernus Pharmaceuticals, Merz Pharma GmbH & Co KGaA, Hugel Inc., Evolus Inc., Medytox Inc., Croma-Pharma GmbH, Revance Therapeutics Inc., US WorldMeds, Gufic Biosciences Ltd., Hironic Co. Ltd., Allergan, List Biological Laboratories, Lanzhou Institute of Biological Products Co. Ltd., Solstice Neurosciences.
A key trend in the lysine market includes product innovation. Major companies operating in the lysine sector are focused on developing innovative and specialized lysine-based animal nutrition solutions to strengthen their position in the market. For instance, in July 2020, Archer Daniels Midland Company, a US-based animal nutrition company, launched NutriPass L, a rumen-stable and intestinally available encapsulated lysine supplement for cows to improve milk production, animal growth and overall efficiency. Utilizing a proprietary matrix encapsulation technique, NutriPass L ensures a consistent and stable metabolizable lysine supply, allowing nutritionists to optimize rations and reduce nutrient waste. It offers dairy and cattle producers a competitive advantage in maximizing productivity and cost-effectiveness while supporting optimal animal performance.
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The lysine market is segmented -
• By Type: Lysine Hydrochloride, Lysine Monohydrate, Other Types
• By Grade: Food Grade, Feed Grade, Pharma Grade
• By Form: Powder, Liquid, Capsule, Cream
• By Application: Food And Beverages, Pharmaceuticals And Nutraceuticals, Personal Care, Animal Feed
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the lysine market.
The Business Research Company's "Global Lysine Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Lysine Market Include:
1. Executive Summary
2. Lysine Market Characteristics
3. Lysine Market Trends And Strategies
4. Lysine Market - Macro Economic Scenario
5. Global Lysine Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Lysine Market Competitive Benchmarking
33. Global Lysine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lysine Market
35. Lysine Market Future Outlook and Potential Analysis
36. Appendix
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