In contrast, this can affect market growth through challenges like the unstable prices of raw materials and the intricacy of amino acid production processes. The costs of producing amino acids can be directly affected by price variations in essential raw materials such as soybeans and corn. In conclusion, a combination of factors determines the size of the in-feed amino acids market and influences its trajectory for growth. The adoption of in-feed amino acids is being driven by increasing demand for high-quality animal products coupled with a heightened focus on animal health and welfare. With this growing industry adjusting to challenges while taking advantage of opportunities, it shall be a central player that supports the ever-evolving terrain in animal farming & nutrition around the world.
Market segmentation is also an important aspect of market share positioning in the Feed Amino Acids industry. Companies find specific customer segments with unique needs and wants, determining their product offerings accordingly. This type of approach allows firms to capture niche markets and provide specialized solutions that address customers’ requirements. Strategic alliances and partnerships are increasingly becoming more popular within the Feed Amino Acids market. By working together with other players in the industry, research institutions, or technology providers, companies can improve their positions in the marketplace. These partnerships lead to shared resources, knowledge sharing, and cost-saving, among others, thus making these entities stronger and, hence, a competitive advantage over other companies involved.
Another strategy used by companies to increase their market share within the feed amino acid industry involves geographical expansion. Entering new markets or extending their presence across existing ones will enable enterprises reach more customers as well as distribution networks Europe has seen increased revenue generation as demand for meat incorporating certain amounts of AA into diets gains popularity among various species such as pigs, chicken beef and others Meat consumption has undergone tremendous changes due to increased demand for quality meats Effective marketing strategies complemented by powerful branding assist business entities to position themselves better vis-à-vis their peers Apart from differentiation through products such as pricing strategies that evaluate consumers' requirements before establishing prices for them, the market share positioning of the industry in the feed amino acids sector is also determined by strategic alliances and partnerships While some firms choose to get into new markets or expand their existing presence in other nations, others have chosen to enhance their distribution networks within their countries In conclusion, feed amino acids market is highly competitive with various companies adopting different strategies in order to increase their market share position. First-mover advantage, cost leadership, differentiation through products, targeting a niche segment of consumers, and effective marketing will lead to organizations' success within this dynamic industry.
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.
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.
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.
Recent Development
On July 13, 2023, CJ CheilJedang announced that its feed amino acid brand, Best Amino, has been selected as one of the Top 100 Global New Brands of 2023 by Clarivate Analytics, a global information service company. It is the only brand providing all feed amino acids produced using microbial fermentation technology.
Best Amino is recognized for its leading position in the global amino acid market. The company currently owns the world's largest feed amino acid portfolio with eight types, including lysine, methionine, threonine, and tryptophan, with tryptophan ranked first in the global market.
Mar.10, 2023, Corteva Inc. and Bunge announced their partnership to develop amino acid-enhanced soybeans. These companies are looking to boost the nutrition profile of soybean meal for poultry, swine, and aqua feed. They have significantly advanced in developing more nutritious soybean meal for the animal feed industry. This multi-year collaboration to develop and commercialize soybean varieties will enable feed compounders to reduce their carbon footprint by minimizing the synthetic additives use and lower costs.
On Feb.03, 2023, Farmers Business Network (FBN) and Boveta Nutrition, LLC, announced results from an FBN-managed independent study, trailing the partnership's amino acid balancing program. The farm managers believe the health of the cattle on the program and overall performance have improved significantly.
On Nov. 11, 2021, Kansas State University researchers announced the completion of work indicating that increased levels of a common feed-grade amino acid can significantly improve growth in swine herds. In its 43-day trial involving 912 pigs, researchers tested varying levels of feed-grade amino acids with L-lysine added to the late nursery and growing pigs' diet.
On July 06, 2021, Evonik published a comparative life cycle assessment (LCA), demonstrating the ecological advantages of using its feed amino acids and feeding solutions compared with common animal nutrition practices.
The animal nutrition business is part of Evonik's life sciences division, nutrition, and care. It develops sustainable solutions for a better life for people and animals. The company is concentrating all its knowledge and experience on developing targeted system solutions to meet the challenges of times.
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.
Global Feed Amino Acids Market Share (%), by Region, 2021
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.Recent DevelopmentEnzymes create a boom for non-canonical amino acids: A San Francisco startup is making waves with a new enzyme platform that can create a wider variety of non-standard amino acids. This could be a game-changer for developing new drugs and therapies [Aralez Bio].Bacteria get an upgrade: Researchers developed a new method to incorporate unusual amino acids into proteins using bacteria. This opens doors for creating proteins with novel functions for medical and industrial applications [New method for incorporating structurally unusual amino acids into proteinsGoing green with amino acid production: Researchers are looking into eco-friendly ways to produce large quantities of high-quality amino acids [Noncanonical Amino Acids Made by Enzymes].The future of food: Studies suggest that personalizing food based on an individual's genetic makeup, considering amino acid needs, could optimize health [The Scientist Magazine®].
Intended Audience
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