Home » Agriculture & Farming, Business, Europe, Food & Beverage » Lysine & Methionine Market size to exceed $6.8bn and $1.6bn respectively by 2023: Global Market Insights Inc.
“”Plant based raw materials such as wheat; soybean and corn were the dominant sources for lysine & methionine production and accounted more than 80% of the total volume in 2014.””
“Lysine, Methionine Market Size For Animal Nutrition, Potential, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023”

Global lysine market size in animal nutrition market was estimated at over 1.9 million tons in 2014 and is likely to reach over 3 million tons by 2023. Revenue is likely to grow with an estimated CAGR of over 6%, to exceed USD 6.8 billion by 2023.

Swine was the largest application consuming lysine in the animal nutrition market and accounted for more than 55% of the total volume in 2014. Swine application is likely to worth more than USD 2 million with estimated gains of CAGR over 8% up to 2023. Poultry applications were the second largest and are likely to witness significant gains up to 2023.

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Global methionine market size in animal nutrition industry was estimated at over 1 million tons in 2014 and is likely to surpass 1.6 million tons by 2023 with growth rates over 6.2% from 2016 to 2023. Methionine market in animal nutrition segment is likely to be worth more than USD 1.6 billion by 2023. These two products together account for a significant chunk of the amino acids market and the animal feed additives market.

Poultry application was the dominant for methionine consumption and accounted for more than 70% of the total volume in 2014. This application is likely to register more than USD 1.9 billion by 2023 with estimated gains of a CAGR above 6.5% from 2016 to 2023.

China was the dominant lysine producing region and accounts for close to 65% of the global production. Asia Pacific lysine market accounted for more than 40% of the total consumption. China is likely to witness significant gains of over 7% up to 2023 owing to growth in swine production for meat consumption, which might also have an impact on lysine market price. China is also one of the leading exporters of swine. These factors are likely to support growth. Europe lysine market was the second largest regional industry and is likely to witness moderate gains over the forecast period.

Global lysine market share is fragmented and key companies include, Royal DSM, Cargill, Sunrise Nutrachem Group, Iris Biotech GmbH, Kyowa Hakko Bio Co., Ltd and Ajinomoto Co. Ltd. Other prominent companies include CJ Cheil Jedang Corporation, Prinova U.S, GBT, AnaSpec Inc, Langen Suzhou Co., Ltd, Tokyo Chemical Industry Co., Ltd., ADM, Beijing FortuneStar S&T Development Co. Ltd, Tocris Bioscience Ltd, Shaanxi Sciphar Hi-tech Industry Co., Ltd, and Shandong Shouguang Juneng Group Golden Corn Co., Ltd.

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Global methionine market share is highly consolidated with top four companies dominating demand. Key companies include Novus International, Sumitomo, Adisseo and Evonik Degussa. Asia Pacific was the leading region for methionine consumption and accounted for more than 30% of the total volume in 2014 for animal nutrition consumption. Latin America is likely to witness significant gains over the forecast period owing to rapid urbanization and growth in meat consumption particularly in Brazil.

This latest Lysine, Methionine Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Lysine, Methionine Industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

Browse key industry insights spread across market data tables, figures & charts from the report, “Lysine, Methionine Market Size For Animal Nutrition, Potential, Industry Outlook, Regional Analysis, Application Development, Competitive Landscape & Forecast, 2016 – 2023” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/lysine-methionine-market

Key Insights in this Report

  • Lysine, Methionine Market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Lysine, Methionine Market growth opportunities & emerging business models
  • Competitive benchmarking with market share analysis and company profiles

 

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About Global Market Insights

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