Growing awareness towards health and rising demand for livestock are factors to drive the demand for the global lysine market in the forecast period, 2024-2028.
According to TechSci Research report, “Global lysine Market – By Region, Competition Forecast and Opportunities, 2018-2028”, The global lysine market is estimated to grow at an impressive rate in the forecast period, 2024-2028. Increasing demand for meat and growing awareness about health is the primary factor affecting the market’s share of lysine. Due to its characteristics, it helps develop different protein-rich products that help reduce pancreas inflammation, fasten children’s growth, improve heart functions, strengthen bone, increase insulin secretion, reduce diabetes complications, and lower blood glucose. Rising prices, feedstock supply, strict regulatory regulations, and availability of alternative options such as threonine and methionine having similar properties might hinder the lysine market growth.
Government initiatives and policies over sustainable development and livestock cultivation are expected to boost the lysine market’s demand. Global demand for lysine is anticipated to be driven by the growing demand from end-user such as animal feed, the food industry, and healthcare to avail lysine in the diet. The lysine market is expected to expand over the projected years due to growing cosmetic applications that act as skin-softening and hair-conditioning agents. Hence, increasing R&D to find new applications led to increased demand for the global lysine market in the projected period.
Browse over XX market data Figures spread through 110 Pages and an in-depth TOC on “Lysine Market“
The global lysine market is segmented based on type and application.
Based on type, the market is divided into lysine chloride and lysine sulfate. The lysine chloride segment will hold the largest market share till 2028. Due to its properties, it is used to heal various medical problems such as osteoporosis, pain, aphthous ulcers, and other conditions, which make them propel the lysine market growth and dominate the segment.
Based on application, the market is divided into animal feed, the food industry, healthcare, and others. The animal feed segment will hold the largest market share till 2028. Owing to lysine’s low cost and high efficiency compared to substitutes which are more expensive crude proteins like soybean and corn, make it a more demanded alternative in animal feed. Hence, Animal feed dominates its segment.
Major companies operating in global Lysine market are:
- Ajinomoto Co., Inc.
- Kyowa Hakko Bio Co. Ltd.
- Henan Steroids Bio-Technology Co. Ltd.
- Global Bio-chem Technology Group Company Limited
- Shanghai Soyoung Biotechnology Inc.
- Shanghai Changgen Chemical Technology Co Ltd
- Zibo Xinglu Chemical Plant
- Shaanxi Dideu Medichem Co.,LTD
- Wuxi Jinghai Amino Acid Co., Ltd.
- Evonik Industries AG
- Archer Daniels Midland Company
- Huntsman International, LLC
Various companies in the market are following strategies such as mergers & acquisitions, new product launches, investments, funding & collaborations in order to stay competitive and have an edge over other players operating in the market. For instance, in 2019, Japanese brewer and beverage producer Kirin Holdings Co. Ltd. agreed to purchase a 95% stake in biochemicals company Kyowa Hakko Bio for approximately 878 million USD.
In 2021, BASF and Cargill were intensifying their collaboration in the animal nutrition business, including research & development capabilities and new markets to the partners existing feed enzymes distribution agreements. This will help bring an innovative product that lessens nutrient waste, improves feed efficiency, and promotes animal growth and well-being in livestock farming.
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“The Asia- Pacific region is expected to dominate the global Lysine market in the coming years due to expanding livestock industry and health benefits linked with lysine intake. Growing demand for natural ingredients and cost-effective substitutes for different meats is raising the demand for lysine in the market. China accounts for the world’s largest lysine user, with 31.0 % of global consumption. Increasing consumption of chicken, pig, goat, and sheep meat in countries such as India, China, and other South-East Asian countries is propelling the demand for lysine in the region.
Rising awareness towards health and rising demand for livestock is the key reason for market growth. The growing prevalence of the advantages of lysine’s, such as producing hormones, enzymes, and antibodies. It helps livestock grow weight quicker whereas producing high-quality meat by absorbing nutrients from the same amount of feed. The increased acceptance of new applications such as cosmetic industries and government policies on livestock cultivation are propelling the market share and creating favorable conditions to drive the global lysine market growth till 2028.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Lysine Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Lysine Chloride and Lysine Sulphate), By Application (Animal Feed, Food Industry, Healthcare, Others), By Company, By Region, has evaluated the future growth potential of global lysine market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global lysine market.”
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