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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).
Lysine is an essential amino acid used primarily in animal feed to enhance the growth and development of livestock and poultry. It is also utilized in the production of dietary supplements and pharmaceutical products.
The global lysine market is influenced by various factors, including the demand for meat and animal products, growth in the livestock industry, and increasing awareness about animal nutrition. Lysine helps in improving the nutritional value of animal feed, promoting better weight gain, and enhancing overall animal health. As a result, it is widely used in the animal feed industry.
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Key Players
Global Bio-Chem Technology Group Company Limited, Ajinomoto Co. Ltd., Cheil Jedang Corp, Archer Daniel Midland (ADM), Evonik Industries and COFCO Biochemical (Anhui) Co. Ltd.
Market Segmentation
Global Lysine market has been segmented into Product Type, Grade, Form, Application .
Type : Lysine Hydrochloride , Lysine Monohydrate
Grade : Feed Grade , Food Grade , Pharma Grade
Form: Powder , Liquid , Granules
Application: Food & Beverages , Pharmaceuticals & Nutraceuticals , Personal Care , Animal Feed .
Regional Analysis
The North American lysine market is driven by the high demand for animal protein products, including poultry, swine, and cattle. The United States is the major consumer and producer of lysine in this region.
Europe represents a significant market for lysine, with countries like Germany, France, Spain, and the Netherlands being major consumers. The demand for lysine in Europe is driven by the growing livestock industry and the increasing need for protein-rich animal feed.
The Asia Pacific region is the largest consumer and producer of lysine globally. Countries like China, India, Japan, and South Korea have a substantial market share in the region. The increasing population, rising disposable income, and changing dietary patterns are fueling the demand for lysine in Asia Pacific.
Related Report
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