Feed Amino Acids Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI2587
Feed Amino Acids Market size is likely to witness steady gains in the probable time frame. Rising demand for meat and dairy products, industrialization of livestock industry owing to changing food patterns and rising penetration of livestock diseases may drive industry growth. Increasing consumer consciousness towards meat quality & safety may fuel feed amino acids market demand.
Amino acids are used as additives in animal feed for inducing growth, development, lactation, health and reproduction. Rising changes in protein diet has resulted in increased demand for poultry products which may drive the overall industry growth. Feed amino acids are composed of many elements, which are assembled into ingredients providing energy (fats, oils, and carbohydrates), protein (amino acids), vitamins, and minerals.
Global feed market size was valued at over USD 150 billion in 2018 and is expected to surpass USD 225 billion by 2024. Asia Pacific witnessed production and accounted for about 340 million tons in 2016. Rise in livestock production for meat consumption along with various government schemes for promoting livestock production & health which is likely to drive regional demand. Global pork consumption was valued at over 115 million tons in 2017 and is increasing with a rapid pace provoking an upsurge for feed amino acids market size.
Increasing food & dietetic supplements consumption owing to rise in ageing population along with additional health standards measures is poised to increase feed amino acids market demand. Plant based raw materials are the chief sources which has an advent usage on these products, are projected to deliver profitable opportunities to the industry. Soybean, corn and wheat are the key raw materials used for the production process which is likely to affect the overall feed amino acids market price trend.
Lysine based feed amino acids market demand should witness significant growth over the foreseeable timeframe. Global lysine market demand is poised to surpass USD 7 billion by 2024 owing to consumer awareness and its usage in cattle breeding sector. It is an essential supplement in poultry and swine providing a balanced diet and optimizing animal growth owing to high protein content. In the European region, the lysine supplementation is above 95% which is provided to poultry and pig food. Lysine is used to produce monohydrochloride which is expected to provide great opportunities in the near future.
Tryptophan based feed amino acids market size may show significant growth due to animal nourishment demand. It is found in foods nourishment demand drives the market demand on higher platform globally. Tryptophan is found in foods which are rich in protein content including eggs, chicken, milk, fish, soy, tofu and turkey. Also, it provides high relief from anxiety and depression along with maintaining overall health and wellness.
Feed amino acids market size from poultry applications may accelerate in the near future with significant growth rate. They play a substantial role in the poultry diets to improve laying capacity and growth efficiency. Most of the incorporations are forming strategies to improve efficiency due to various environmental factors determining the overall animal growth.
North America feed amino acids market demand, driven by, Canada, the U.S., and Mexico may show moderate growth over the forecast timeframe. Increasing adoption of intensive farming technique along with rise in nutritional supplements demand for animals is likely to enhance regional product demand. Extensive meat & products demand from poultry, cattle, and swine with strong economic foothold is likely to drive feed amino acids market size.
Asia Pacific led by, India, Japan, Australia, South Korea and China feed amino acids market demand is likely to witness a significant growth over the projected timeframe. The average poultry consumption in Asia is approximately 9.5 kg per person and is expected to witness steady growth. Rapid development of livestock industry accompanied with meat products demand may boost regional demand. Subsidies on meat exports are indulging the manufacturers to increase more meat production which are the key attributes driving the industry growth in the region.
Europe feed amino acids market size, led by Germany, UK, France, Italy, and Spain should accelerate with significant gains up to 2024. Favorable government legislations along with increasing industrialized livestock companies with growing animal disease concerns should drive regional industry growth. Improving trade activities on meat exports which is expected to drive the manufacturers demand for meat production, thus stimulating industry demand.
Global feed amino acids market share is moderately consolidated with presence of multinational companies and local manufacturers across the value chain. Key industry participants include Novus, Cargill, Ajinomoto, Evonik, Prinova and DSM. Companies such as Kemin and DSM are fully integrated in the value chain and utilizes raw material for production which will further stimulate feed amino acids market demand.
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