The global “Lysine Market: Opportunity Analysis and Future Assessment 2023-2030” issued by Reports and Insights provides authentic and first-hand data, qualitative and quantitative analysis by industry analysts, and inputs from industry experts and stakeholders across the entire chain. The research examines current market trends, macroeconomic factors, regional analysis in-depth, as well as market attractiveness by segment. The market research provides SWOT analysis of competitors comprising extraneous environment assessment and PEST study. In addition, the market analysis offers business approaches for handling with COVID-19 impact on the market.
The global lysine market in 2020 is estimated for more than US$ 5.7 Bn and expected to reach a value of US$ 9.2 Bn by 2028 with a significant CAGR of 6.2%.
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Lysine Introduction
Lysine is an essential amino acid used in the biosynthesis of a number of proteins. The modern lysine industry has begun to take shape in 1950, and today’s industry is developed as a result of basic scientific discoveries in biochemistry since then.
Today’s method of industrial production of lysine is based on the fermentation of liquid sweeteners obtained from cane sugar or corn starch. Along with its clinical applications, lysine is considered an essential ingredient of animal feed. The lysine manufacturing industry has considerably grown in the last four decades and has attracted many companies from Asia, North America, and Europe.
Lysine Market Dynamics
Lysine is an amino acid, an organic chemical essential for the growth of muscle tissue in humans and animals. Lysine is one of three amino acids that dominate sales of organic chemicals. Lysine is one of the major ingredients included in the concentrates that are added to rough grains and oilseed meals to make balanced feeds for farm animals.
Growing consumption of protein-rich diet in middle-income countries is one of the factors driving the growth of the global lysine market. Consumer desires for low-fat meats and farm-raised seafood and the growing animal industry would fuel the demand for lysine to be used in animal feed.
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Lysine Market Segmentation
The global lysine market is segmented on the basis of product type, application, end-user, and region. Based on product type, the global lysine market is segmented into Lysine Type 98, Type 70, and Type 65. Based on application global lysine market is segmented into animal feed, food, and dietary supplement, Pharmaceuticals, Research applications. On the basis of the end-user industry, the global lysine market is segmented into food industries, animal industries, pharmaceutical, and biotechnology companies, research institutes, and others.
The global lysine market is expected to increase at a steady CAGR over the forecast period owing to the increasing production of fish oil and growing clinical applications of fish oil.
Lysine Market Key Players
Global lysine market is dominated by Ajinomoto Ltd., Evonik, Chengfu Group, Bio-Chem China, covering CJ Korea, Bio-Chem Tech, Archer Daniel Midland (ADM), Cheil Jedang Corp., COFCO, East Hope, etc. among others.
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