Lysine Market to Witness Huge Growth by 2028
Increasing demand for high quality and protein rich livestock meats and rising demand for external protein supplements among individuals across the globe are major factors expected to drive growth of the global lysine market over the forecast period, owing to benefits offered by lysine such as, it helps to build muscle protein, produces hormones, enzymes, and antibodies that are good for body, and reduces cold sores.
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Increasing research and development activities associated with various amino acids across dermatology and cosmetic industries is another major factor expected to boost growth of the global lysine market in the near future, owing to beneficial properties of lysine such as, collagen building and replenishing of skin by building muscle proteins.
The global market has been segmented on the basis of livestock, application, and region. On the basis of the livestock, the global market is segmented into swine, poultry, and others (Aquaculture, Cattle, and others). On the basis of the application, the global market is segmented into animal feed, pharmaceuticals, food supplements, and dietary supplements.
Based on the region the global lysine market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in Asia Pacific accounts for significant share in the global market followed by market in North America; whereas the market in Europe is expected to witness lucrative growth in terms of revenue in the global market over the forecast period, owing to increasing trend towards consumption of various dietary supplements to improve overall health in countries in the region. Middle East and Africa region are expected to witness significant growth for lysine in the near future, owing to increasing awareness about benefits of lysine among healthcare sector and livestock feed manufacturers in the region.
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Key market players operating in the global market includes, Ajinomoto Co., Inc., Evonik Industries AG, Cheil Jedang Corporation, Changchun Dacheng Group Co., Ltd., Archer Daniel Midland (ADM) Company, COFCO Biochemical (Anhui) Co., Ltd, Juneng Golden Corn Co. Ltd., Vedan International(Holdings) Limited, Global Bio-chem Technology Group Company Limited, Shandong Shaouguang Juneng Golden Corn Co., Ltd., and others.
Table of Contents
Outlook of the Industry
Global Market Competition Landscape
Global Market share
Supply Chain Analysis
Globalisation & Trade
Distributors and Customers
Import, Export, Consumption and Consumption Value by Major Countries
Global Market Forecast to 2028
Key success factors and Market Overview
Worldwide market extensive analysis considers the following points