Increasing awareness about animal feeding coupled with inability of human body to naturally produce lysine are the major factors driving the global lysine market.it is a type of amino acid which is vital of ur body but cannot synthesis it naturally. Furthermore, the increasing demand for quick growth in animals and rapidly rising bonemeal bans in various countries are the factors propelling the lysine market. The increasing prices of lysine based animal feeds is a direct consequence of rapidly increasing demand for improved health of animals. Moreover, the increasing use of lysine in dietary applications has also driven the global lysine market. The lysine is an efficient and economical substitution for both animals and farmers from costly feeds. It also has less environmental effects concerning nitrous excretion.
Rapidly increasing demand for meat and other poultry products and effert to meet its growing demand lysine market is possessing a significant growth opportunity in coming decade. Comparatively less supply than demand of feedstock is leading to increase in the prices. These factors expected to restrain the growth of ythe lysine market over the forecast period.
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On the basis of application, the global lysine market is segmented into animal feed, pharmaceiticals, and food & dietary suppliments. The animal feed market segment accounted for the largest application segment covering more than three fourth of the entire market share in 2013. Moreover, the animal feed segment is also expected to witness lucrative growth over the forecast period owing to increasing low cost and efficient substitution for expensive sources of protein such as corn or soyabeans.
By livestock, the market is bifurcated into poultry and swine. As of 2013, about 60% of entire market of the total volume of lysine was consumed for swine / hog. In addition, swine is expected to show fastest growth for lysine. The rapidly increasing demand for pork meat specially in China is expected to boost the demand of lysine in swine/ hog.
Globally, the entire lysine market is segmented into North America, Europe, Asia Pacific and RoW. As of 2013, China attributed the largest consumer base of lysine market. In addition, China is also expected to show the highest growth rate owing to increasing consumption of lysine over the forecast period. North America and Europe regions are also expected to show significanyt growth rates over next five years owing to the increasing demand of lysine as a dietary supplement in these regions. The rising consumption of meat in Argentina and Brazil is also the factor likely to further fuel the demand for lysine in Latin America in coming few years.
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Various Lysine based product manufacturers are creating several strategies such as collaborations, expansions and acquisitions to keep a strong foothold in the global lysine market. The overall lysine market is concentrated consisting of four major manufacturers in the market namely Archer Daniel Midland (ADM), CheilJedang Corp., Ajinmoto Ltd. and Global Bio Chem Tech consisting over 60% of the market share in terms of production. Some of the other players include Changchun Dacheng Group, Shandong ShaouguangJuneng Golden Corn co. Ltd. and COFCO Biochemical (Anhui) Co. Ltd. The market is highly consolidated and oligopolistic in nature.
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