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Lysine Market Research Future Insights
Lysine Market Size was valued at USD 1,754.9 million in 2021. The lysine market industry is projected to grow from USD 1,784.5 million in 2022 to USD 3,060.63 million by 2030, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2022 – 2030).
One of the most often utilized amino acids in food for humans and animals is lysine. It is a necessary amino acid that all animal species, including pigs, poultry, and others, need in their diets. Although the body does make some of it naturally, it is insufficient, thus it must be supplied from a healthy diet. The lysine of pharmaceutical grade keeps the body’s nitrogen balance in check. Additionally, it is utilized to improve calcium absorption. The lysine of the feed grade is added to animal feed to improve cattle health and boost output. The cattle have performed better and are healthier as a result of the addition of these nutrients to the diet.
Key Players
Some of the key market players are Global Bio-Chem Technology Group Company Limited, Ajinomoto Co. Ltd, Cheil Jedang Corp, Archer Daniel Midland (ADM), Evonik Industries, COFCO Biochemical (Anhui) Co. Ltd, Shandong Shaouguang Juneng Golden Corn Co. Ltd, Changchun Dacheng Group, Sunrise Nutrachem Group, KYOWA HAKKO BIO CO. LTD.
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Market Segmentation
The Global Lysine market has been segmented into Type, Grade, Form, and Application.
Based on the Type, the market has been segmented into Lysine Hydrochloride, Lysine Monohydrate, and Others.
Based on the Grade, the market has been segmented into Feed Grade, Food Grade, and Pharma Grade.
Based on the Form, the market has been segmented into Powder, Liquid, and Granules.
Based on the Application, the market has been segmented into Food & Beverages, Pharmaceuticals & Nutraceuticals, Personal Care, and Animal Feed.
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Regional Analysis
The lysine market in Europe has experienced rapid growth. Farmers in Europe are becoming more concerned about the safety of their products, and the European Commission’s strict laws have brought more attention to the need for animal nutrition. The demand for lysine is also anticipated to rise as a result of the expanding market for flavoring agents in the food and beverage sector.
Asia-Pacific led the global lysine market, with China accounting for the vast bulk of lysine sales. The widespread consumption of pig, chicken, and duck in China, Japan, and many other South-East Asian nations is driving the expansion of the Asia-Pacific lysine market.
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