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(MoneyNewsWire.Net, January 31, 2018 ) Global Feed Amino Acids Market was worth USD 15.1 billion in 2017 and estimated to be growing at a CAGR of 6.07%, to reach USD 20.4 billion by 2022. The Feed Amino Acids Market size continues to grow with the increase in demand of animal derived products. The breeders have been taking more interest in the market and their will to increase their profitability has led the market to showcase significant growth in coming years.
Feed amino acids are generally used as feed additives for various types of livestock. They are being used to increase the productivity of the livestock, to meet the rising demand of animal products. The nutritional value of Amino Acids help in avoiding health problems like allergies, autism, fatigue, dermatitis etc.
The rise in the demand for meat and dairy products and increasing feed costs have fuelled the Feed Amino Acids market growth. Other driving factors for Amino Acids include Industrialization of livestock industry, expansion of animal meat market, changing demographics in Asia Pacific and South America and livestock disease outbreaks. Besides drivers, the Feed Amino Acids market faces some challenges and restraints as well, some of these are availability of alternative protein sources, competition for raw materials with other industries, price volatility of Agri-commodities and Regulatory framework. These few factors have been holding back the market from reaching its potential.
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The Global Feed Amino Acids Market is segmented on the basis of livestock and amino acids. Based on livestock the segmentation is done into swine, cattle, poultry, aquaculture and other livestock. Based on type of Amino Acids the segmentation is done under Tryptophan, lysine, Methionine, Threonine, and others. Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years. Under livestock segmentation, poultry accounts for the highest share in the Feed Amino Acids Market, mainly due to the adoption of intensive farming system more than in any other segment. On the basis of geographical analysis, the global Feed Amino Acids Market is segmented under various regions namely North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Feed Amino Acids market was dominated by Asia-Pacific, with the overall market share of over 35% globally. The APAC market was followed by Europe and North America accounting for almost half of the market share.
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Some of the major leaders of the Feed Amino Acids Market include Archer Daniels Midland Company, Cargill Inc, Royal Dsm N.V., Novus International Inc, Adisseo France Sas, Cheil Jedang, Ajinomoto Co. Inc., PHW Group, Evonik Industries Ag, Kemin Europa.
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