The global market for lysine is expected to reach USD
6.96 billion by 2020, according to a new study by Grand View Research, Inc.
Positive outlook on animal feed demand to cater to growing meat consumption,
especially in emerging markets of Latin America and Asia Pacific is expected to
be a key market driver. Limited availability of major feedstock is expected to
hamper the market growth over the forecast period.
Animal feed emerged as the
largest application segment for lysine and accounted for 92.4% of total market
volume in 2013. Along with being the largest market, animal feed is also
expected to be the fastest growing application segment for lysine at an
estimated CAGR of 6.2% from 2014 to 2020.
Browse full research report on Lysine Market: http://www.grandviewresearch.com/industry-analysis/lysine-market
Further key findings from the study suggest:
- The global lysine was 1,902.3 kilo tons in 2013 and
is expected to reach 2,854.9 kilo tons by 2020, growing at a CAGR of 6.0%
from 2014 to 2020.
- Swine emerged as the leading livestock for lysine and
accounted for about 58% of total market volume in 2013. Swine is also
expected to be the fastest growing livestock for lysine, at an estimated
CAGR of 6.5% from 2014 to 2020.
- China was the largest consumer for lysine and
accounted for 31.2% total volume consumed in 2013. In terms of
consumption, China was followed by Europe and North America. China along
with being the largest market is also expected to be one of the fastest
growing markets for lysine at an estimated CAGR of 7% from 2014 to 2020.
- The lysine market is highly concentrated with top 4
manufacturers namely Global Bio-Chem Tech, Ajinomoto Ltd., Cheil Jedang
Corp. and Archer Daniel Midland (ADM) capturing over 60% of the market in
terms of production capacity.
Browse more reports of this category by Grand View
Research: http://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
For the purpose of this study, Grand View Research has
segmented the lysine market on the basis of type, application and region:
• Global Lysine Application Outlook
(Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Animal Feed
• Food & Dietary Supplements
• Pharmaceuticals
• Global Lysine Livestock Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Swine/hog
• Poultry
• Others (aquaculture, cattle)
• Lysine Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• China
• Rest of Asia Pacific
• Latin America
• Middle East & Africa
• Animal Feed
• Food & Dietary Supplements
• Pharmaceuticals
• Global Lysine Livestock Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2020)
• Swine/hog
• Poultry
• Others (aquaculture, cattle)
• Lysine Regional Outlook (Volume, Kilo tons; Revenue, USD Million, 2012 - 2020)
• North America
• Europe
• China
• Rest of Asia Pacific
• Latin America
• Middle East & Africa
Access Press Release
By Grand View Research: http://www.grandviewresearch.com/press-release/global-lysine-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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