Industry Insights
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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Application Insight
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.
Livestock Insight
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.
Regional Insight
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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Competitors Insight
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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