Global Lysine Market Insights 2024, Forecast To 2033
8 Mar, 2024
The lysine market has experienced strong growth, increasing from $7.92 billion in 2023 to $8.58 billion in 2024, with a compound annual growth rate (CAGR) of 8.3%. This growth is attributed to increased meat consumption. Forecasts suggest continued strong growth, reaching $11.39 billion in 2028, with a CAGR of 7.3%. Factors such as rising demand for animal protein are anticipated drivers. Major trends include technological innovations and sustainability integration.
Global Lysine Market Key Driver
Increased meat consumption is a key driver for the lysine market, as lysine supplementation in animal feed ensures optimal growth and production of high-quality meat. Statistical data from the United States Department of Agriculture illustrates a notable rise in beef, pork, and chicken meat consumption, reflecting a growing market for lysine due to its essential role in supporting animal health and meat production.
Get A Free Sample Of The Global Lysine Market ReportGlobal Lysine Market Segments
The lysine market covered in this report is segmented –
1) Type:Lysine Hydrochloride, Lysine Monohydrate, Other Types
2) Grade:Food Grade, Feed Grade, Pharma Grade
3) Form:Powder, Liquid, Capsule, Cream
4) Application:Food And Beverages, Pharmaceuticals And Nutraceuticals, Personal Care, Animal Feed
By Geography: The countries covered in the lysine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Asia-Pacific was the largest region in the lysine market in 2023. The regions covered in the lysine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Lysine Industry Players
Cargill Incorporated; Archer Daniels Midland Company; CJ CheilJedang Corporation; Evonik Industries AG; DuPont de Nemours Inc.; Ajinomoto Co. Inc.; Perdue Farm; MeiHua Holdings Group Co; Daesang Corporation; Alltech; Kemin Industries; Novus International Inc.; Heilongjiang Chengfu Food Group Co Ltd; COFCO Biochemical (Anhui) Co. Ltd.; Now Supplements; Kyowa Hakko USA Inc; Sewon; Spectrum Chemical Mfg. Corp.; Bio-Chem Technology Group Company Limited; Pure Encapsulations; BRI Nutrition; BulkSupplements; Nanjing Jiayi Sunway Chemical Co. Ltd.; Pharmaoffer; Arshine Pharmaceutical Co
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Lysine Market Overview
Lysine refers to essential amino acids that contribute to the structure and function of proteins. Lysine is involved in various biological processes such as collagen production, tissue repair, calcium absorption, antibody synthesis, muscle recovery, and the prevention of infections by the herpes simplex virus.