Global Lysine Market size is projected to reach approximately USD 2.06 Billion by 2026, at a CAGR of 6.8% from 2020 to 2026. Lysine is one of the most extensively used amino acids in human and animal nutrition products. It is an essential amino acid required in the diets of humans and animal species such as swine, poultry, and others. Although it is produced naturally in the body, it doesn’t produce an adequate amount, so it must be obtained through proper diet. Pharma grade lysine maintains the nitrogen balance in the body. It also used to increase the absorption of calcium. Feed grade lysine is used in the animal feed to enhance the health of the livestock and increase productivity. The addition of these nutrients to the feed has resulted in better performance and health of the livestock. The growth of the lysine market is also creating an opportunistic market for the players in the global lysine industry. Initiatives by the key players in the lysine market are driving market growth. For instance, in February 2020, ZAO Prioskolie announced the expansion of the L-lysine production with the beginning of the liquid concentrate of lysine sulfate manufacturing. All these factors are anticipated to create substantial growth opportunities for the lysine market.
The global lysine market has witnessed high growth in recent years. The rapid expansion of the livestock industry is driving the growth of the global lysine market. The increasing demand for functional food ingredients from the food & beverage industry has created an opportunity for lysine manufacturers. To cater to the trending consumer needs, market players are focusing on the investment in research and development activities.
Increase in adoption of lysine in animal feed
|Market Size||USD 2.06 Billion|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Form, Application and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Global Bio-chem Technology Group Company Limited (Hong Kong) Ajinomoto Co., Ltd. (Japan) Cheil Jedang Corp (South Korea) Archer Daniel Midland (ADM) Evonik Industries (Germany) COFCO Biochemical (Anhui) Co. Ltd. (China) Shandong Shaouguang Juneng Golden Corn Co. Ltd. (China) Changchun Dacheng Group (China) Sunrise Nutrachem Group (China) KYOWA HAKKO BIO CO., LTD. (Japan) Juneng Golden Corn Co., Ltd. (China) Penta Manufacturing Company (US) BANGYE Inc. (China) Shijiazhuang Shixing Amino Acid Co., Ltd. (China) Bajaj Healthcare Ltd. (India)|
|Key Market Opportunities||Increasing demand for functional food ingredients from the food & beverage industry|
|Key Market Drivers||