The lysine market was valued at US$ 8.44 billion in 2022 and the total revenue is expected to grow at a CAGR of 7.5% from 2023 to 2029, reaching almost US$ 14.01 billion in 2029.
Lysine Market Overview:
The competitive landscape of The lysine market includes information about competitors. Content includes a corporate overview, financials, revenue generated, market potential, research and development investments, new market efforts, geographic presence, firm strengths and weaknesses, product introduction, and application dominance. The above data are only relevant for the focus of businesses in the Lysine market.
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Lysine Market Scope:
This Lysine market report discusses recent new developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of local and local market players, opportunities in the direction of new revenue streams, changes in market regulations, market growth analysis strategies, market size, segmented market growth, application points and dominance, product approvals, product launches, geographic expansion More information on the Lysine market, please contact Maximize Market Research for an Analyst Summary; our experts will help you to make an informed market choice to achieve market growth.
Lysine Market Segmentation:
Based on Livestock, the market is sub-segmented into pigs/pigs, poultry and others. The pig/pork category accounted for approximately 57.9% of the total volume. With a CAGR of 6.5% during the projection period, the market is expected to be the fastest growing livestock segment for lysine. The segment is expected to grow due to increased demand for pork, especially in China. Poultry overtook beef as the second largest animal segment. Lysine is often used in chicken diets to increase flock performance and ensure a well-balanced diet. Lysine supplementation helps birds gain weight and produce better quality meat. Increasing consumption of poultry meat worldwide is one of the main drivers fueling the growth of this segment. During the projection period, the sector is expected to develop due to increased demand for processed chicken meat and the need to improve meat quality.
The market is further segmented on the basis of Application into Animal Feed, Food and Dietary Supplements, Pharmaceuticals and others. Lysine was most often used in animal feed, which accounted for 92.5% of its volume. The segment is also projected to experience the fastest growth rate of the application segment, with a CAGR of 6.2% during the projection period. This is because lysine is a very effective and affordable substitute for more expensive crude proteins like soy and corn. Foods and dietary supplements are expected to increase their market share significantly over the coming years. Increasing health consciousness and aging population is expected to increase the demand for food and nutritional supplements, which will benefit the lysine business.
Global Lysine Market, by Livestock (2022-2029)
• Pig/pork
• Birds
• Others
Global Lysine Market, by Application (2022-2029)
• Food for animals
• Foods and Dietary Supplements
• Pharmaceuticals
• Others
Global Lysine Market by Scale (2022-2029)
• Grade of food
• Grade of food
• Grade Farma
Global Lysine Market, by Type (2022-2029)
• Lysine hydrochloride
• Lysine monohydrate
Global Lysine Market, by Forms (2022-2029)
• Dust
• Liquid
• Granules
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Key Players of Lysine Market: Following are the key players of the Lysine market-
1. Archer Daniel Midland (ADM)
2. Evonik Industries
3. Shandong Shaoguang Juneng Golden Corn Co.
4. Cheiljedang
5. Changchun Dacheng
6. Just now
7. Meihua Group
8. Chenfu group
9. Easthope
10. COFCO Biochemical
11.Shandong Shaoguang Juneng Golden Corn Co
12. Global Bio-Chem Tech
13. Cheil Jedang Corp.
14. Sunrise Nutrachem Group
15. KYOWA HAKKO BIO CO., LTD.
16. Juneng Golden Corn Co., Ltd.
17. Penta Production Company
18. BANGYE Inc.
19. Bajaj Healthcare Ltd.
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Regional Analysis of Lysine Market:
The geographical section of the research also includes individual variables affecting the market and changes in market regulations affecting current and future market trends. Data points such as downstream and upstream value chain analysis, technology trends, Porter’s five forces analysis and case studies are just some of the indicators used to forecast market scenarios for countries different.
Analysis of the impact of COVID-19 on the lysine market: The research also addresses the impact of COVID-19 on the Lysine market. The basic aim of this study is to help the user understand the market in terms of definition, segmentation, market potential, important trends and issues facing the industry in key regions. The study provides micro and macroeconomic analysis of the total impact of COVID-19 on the lysine market. The specific analysis focuses on market share and size, which clearly shows the impact the pandemic has had and will have on the global lysine market in the coming years.
The key questions answered in the Lysine Market Report are:
- What will be the CAGR of the Lysine market during the forecast period (2021-2027)?
- Which segment emerged as the leading segment in the Lysine market?
- Who are the prominent players in the Lysine market?
- What key trends are likely to emerge in the Lysine market over the forecast period?
- What will be the market size of Lysine by 2027?
- Which company held the largest share in the Lysine market in 2020?
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