ID: MRFR/AGR/5003-HCR | February 2023 | Region: Global | 90 Pages
Feed Amino Acids Market is projected to register a CAGR of 7.3% and reach a value of USD 49.5 billion by 2030
$49.5 Billion
7.3%
Asia-Pacific
2022-2030
Feed amino acids market is projected to present a 7.3% CAGR to reach USD 49.5 billion by 2030. The feed amino acids market is expected to grow significantly during the forecast period due to the rising consumption of animal meat. Amino acids are the building blocks for proteins and substrates for synthesis of low molecular weight substances. Essential amino acids, such as lysine and tryptophan, participate in cell signaling, gene expression, and metabolic regulation in animals. Thus, amino acids in feed are considered to be more vital than just protein involvement in an animal diet.
Amino acid deficiency in animals can weaken their immune system. Feed formulated with amino acid help in reducing emission of nitrogen from animal manure, thereby, creating a healthy environment; thus, acting as a key market driver. The factors that affect the level of amino acid content in animal feed are animal species and breed, age, gender, physical activity, body protein formation level, and health status, among others. Other factors boosting the growth of feed amino acids industry include improved efficiency of nutrients, along with growth, development, reproduction, lactation, and well-being in animals. Due to such factors, poultry owners and cattle raisers are creating a huge demand for amino acids in animal feed.
Segmentation
The feed amino acids market has been segmented into type, livestock, form, and region.
The market based on type has been segmented into lysine, methionine, threonine, tryptophan, and others.
The market has been segmented by livestock into ruminants, poultry, swine, aquaculture, and others.
The market has been segmented by form into dry and liquid.
The market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The feed amino acids market in North America has further been segmented into the US, Canada, and Mexico.
The European market has been classified into Germany, France, the UK, Italy, Spain, and Rest of Europe.Β
The market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and Rest of Asia-Pacific. The market in Rest of the World has been segmented into South America, the Middle East, and Africa.
Key players
Archer Daniels Midland Company (US), Sumitomo Corporation (Japan), Evonik Industries AG (Germany), CJ CheilJedang Corp. (South Korea), Ajinomoto Co.,Inc. (Japan), Bluestar Adisseo Co., Ltd. (France), Phibro Animal Health Corporation (US), Meihua Holdings Group Co., Ltd. (China), Kemin Industries, Inc. (US), Global Bio-chem Technology Group Company Limited (China), Novus International (US), and Sunrise Nutrachem Group (China) are some of the key players in the global market.
Regional Market Summary
Global Feed Amino Acids Market Share (%), by Region, 2021
Form: Secondary Form, MRFR Analysis
Globally, Asia-Pacific dominates the market for feed amino acids owing to the continuous modernization of livestock production methods and the growing awareness of animal feed among consumers. High impact of feeding quality animal-based feed to the livestock has been boosting the demand for feed amino acids in this region.
Europe is generating a healthy revenue in the market. The European meat industry is infusing more amino acids in the animal feeds owing to the increasing consumption of quality meat by animals. North America is also growing in terms of meat demand in animal feed thereby contributing a decent share of revenue towards feed global amino acids market.
Global Market, by Type
Global Market, by Livestock
Global Market, by Form
Global Market, by Region
Intended Audience
Report Attribute/Metric | Details |
---|---|
Market Size | USD 49.5 Billion |
CAGR | 7.3% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Livestock, Form, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | Archer Daniels Midland Company (US), Sumitomo Corporation (Japan), Evonik Industries AG (Germany), CJ CheilJedang Corp. (South Korea), Ajinomoto Co.Inc. (Japan), Bluestar Adisseo Co. Ltd. (France), Phibro Animal Health Corporation (US), Meihua Holdings Group Co. Ltd. (China), Kemin Industries Inc. (US), Global Bio-chem Technology Group Company Limited (China), Novus International (US), and Sunrise Nutrachem Group (China) |
Key Market Opportunities | Rising consumption of animal meat |
Key Market Drivers | Reducing emission of nitrogen from animal manure |
Asia-Pacific is expected to dominate the feed amino acids market.
Tryptophan, threonine, methionine, and lysine are the different types of feed amino acids.
Key players profiled in the feed amino acids market report include Sunrise Nutrachem Group (China), Novus International (US), Global Bio-chem Technology Group Company Limited (China), Kemin Industries, Inc. (US), Meihua Holdings Group Co., Ltd. (China), Phibro Animal Health Corporation (US), Bluestar Adisseo Co., Ltd. (France), Ajinomoto Co.,Inc. (Japan), CJ CheilJedang Corp. (South Korea), Evonik Industries AG (Germany), Sumitomo Corporation (Japan), and Archer Daniels Midland Company (US).
Dry segment will dominate the feed amino acids market.
Poultry segment will lead the feed amino acids industry.