Feed Amino Acids Market Size to Rapid Growth and Forecast till 2027
Market Highlights
Meat and meat items are consumed
globally in various forms. Good quality meat requires animals in good health
that consume a healthy and nutritive diet. Amino acids are essential for an
animal since it produces energy. Amino acids are an integral part of cells,
muscles, and tissues. Amino acids are gaining huge demand among animal owners
since feed amino acids help in muscle growth, better milk production, and a
better immune system in animals. The feed amino acids market is boosted by the
demand for amino acids in animal diet for a better yield of animal by-products,
such as dairy and meat.
The feed amino
acids market is segmented by type into lysine,
methionine, threonine, tryptophan, and others. Among these, lysine segment
accounts for the maximum revenue. Lysine has a positively charged epsilon-amino
group and is not produced in the animal body, therefore, needs to be consumed
through diets.
The feed amino acids market is
segmented by livestock into ruminants, poultry, swine, aquaculture, and others.
Poultry segment accounts for the maximum share in feed amino acids market due
to the rising demand for quality animal meat and other by-products.
The market for feed amino acids is
also segmented by form into dry and liquid. The dry segment has been generating
the maximum revenue in feed amino acids market owing to longer shelf life with
cost advantage over liquid form, Moreover, dry form has more ability to
withstand heat during processing than liquid form.
Regional Analysis
Geographically, Asia-Pacific
dominates the global feed amino acids market owing to the rising meat consuming
population and increasing concern for animal health. In developing countries,
such as China and India, there is high adoption of domestic animals as a source
of income, meat and dairy products and cattle owners are inclined on feeding
quality products to animals for better productivity. Extensive distribution of
animal feed and high awareness among cattle owners about nutritional benefits
has been the key driver driving the feed amino acids market in this region.
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Segmentation
The global feed amino acids market
has been segmented into type, livestock, form, and region.
The market on the basis of type has
been segmented into lysine, methionine, threonine, tryptophan, and others.
The market, by livestock, has been
segmented into ruminants, poultry, swine, aquaculture, and others.
The market, by form, has been
segmented into dry and liquid.
Key Players
Some of the key players in the global
feed amino acids market are Archer Daniels Midland Company (US), Sumitomo
Corporation (Japan), Evonik Industries AG (Germany), CJ CheilJedang Corp.
(South Korea), Ajinomoto Co.,Inc. (Japan), Bluestar Adisseo Co., Ltd. (France),
Phibro Animal Health Corporation (US), Meihua Holdings Group Co., Ltd.
(China), Kemin Industries, Inc. (US), Global Bio-chem Technology Group Company
Limited (China), Novus International (US), and Sunrise Nutrachem Group (China).
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