The global market for lysine is expected to reach USD 6.96 billion by 2020. 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 Detail Report With TOC @ 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.
Related Reports:
Global Meat Snacks Market 2016-2020:
http://www.hexareports.com/report/global-meat-snacks-market-2016-2020
Global Bean Sprouts Industry 2016 Market Research Report:
http://www.hexareports.com/report/global-bean-sprouts-industry-2016
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
Request A Sample copy of This Report @ http://www.hexareports.com/sample/42739
About Us:
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Media Contact
Company Name: Hexa Reports
Contact Person: Ryan Shaw
Email:Send Email
Phone: 1-800-489-3075
Address:Felton Office Plaza, 6265 Highway 9
City: Felton
State: California
Country: United States
Website: http://www.hexareports.com/report/lysine-market-analysis-by-application-animal-feed-food-amp-dietary-supplements-pharmaceuticals-by-livestock-swine-poultry-and-segment-forecasts-to-2020/details
