Overview and Scope
Lysine refers to essential amino acids that contribute to the structure and function of proteins. Lysine is involved in various biological processes such as collagen production, tissue repair, calcium absorption, antibody synthesis, muscle recovery, and the prevention of infections by the herpes simplex virus.
Sizing and Forecast
The lysine market size has grown strongly in recent years. It will grow from $7.92 billion in 2023 to $8.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to livestock feed industry growth, increased meat consumption, expansion of animal husbandry practices, shift to high-protein diets, global population growth..
The lysine market size is expected to see strong growth in the next few years. It will grow to $11.39 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising demand for animal protein, focus on livestock health and productivity, global dietary shifts, increasing aquaculture practices. Major trends in the forecast period include technological innovations in lysine formulations, focus on lysine quality and purity, integration of lysine in sustainable livestock farming practices, market response to fluctuations in grain prices.
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Segmentation & Regional Insights
The lysine market covered in this report is segmented –
1) By Type: Lysine Hydrochloride, Lysine Monohydrate, Other Types
2) By Grade: Food Grade, Feed Grade, Pharma Grade
3) By Form: Powder, Liquid, Capsule, Cream
4) By Application: Food And Beverages, Pharmaceuticals And Nutraceuticals, Personal Care, Animal Feed
Asia-Pacific was the largest region in the lysine market in 2023. The regions covered in the lysine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in meat consumption is expected to propel the growth of the lysine market going forward. Meat consumption refers to the amount of meat products that individuals or populations consume as part of diet. Lysine supplementation in animal feed formulations ensures optimal growth, meets lysine requirements, supports overall health and development, and promotes the production of high-quality meat. For instance, in April 2023, according to the report published by the United States Department of Agriculture (USDA), a US-based federal agency responsible for overseeing agriculture, food, and rural development, beef meat consumption increased from 12,712 metric tons in 2021 to 12,803 metric tons in 2022. Pork meat consumption increased from 9,918 metric tons in 2021 to 9,959 metric tons in 2022. Further, chicken meat consumption increased from 17,164 metric tons in 2021 to 17,674 metric tons in 2022. Therefore, the increase in meat consumption is driving the growth of the lysine market.
Key Industry Players
Major companies operating in the lysine market report are Cargill Incorporated, Archer Daniels Midland Company, CJ CheilJedang Corporation, Evonik Industries AG, DuPont de Nemours Inc., Ajinomoto Co. Inc., Perdue Farm, MeiHua Holdings Group Co, Daesang Corporation, Alltech, Kemin Industries, Novus International Inc., Heilongjiang Chengfu Food Group Co Ltd, COFCO Biochemical (Anhui) Co. Ltd., Now Supplements, Kyowa Hakko USA Inc, Sewon, Spectrum Chemical Mfg. Corp., Bio-Chem Technology Group Company Limited, Pure Encapsulations, BRI Nutrition, BulkSupplements, Nanjing Jiayi Sunway Chemical Co. Ltd., Pharmaoffer, Arshine Pharmaceutical Co
The lysine market report table of contents includes:
1. Executive Summary
2. Lysine Market Characteristics
3. Lysine Market Trends And Strategies
4. Lysine Market – Macro Economic Scenario
5. Global Lysine Market Size and Growth
…
32. Global Lysine Market Competitive Benchmarking
33. Global Lysine Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lysine Market
35. Lysine Market Future Outlook and Potential Analysis
36. Appendix
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