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(MoneyNewsWire.Net, May 17, 2018 ) The feed amino acids market is estimated to be valued at USD 5.37 Billion in 2017. It is projected to grow at a CAGR of 4.4% from 2017, to reach a projected value of USD 6.66 Billion by 2022. Feed amino acid products have become prominent in the recent years, owing to the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products. Also, the inclination of livestock producers toward quality and nutritious feed products is fueling the demand for feed amino acids, as they help increase the feed intake and enhance the growth performance of livestock.
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The lysine segment, on the basis of type, is estimated to dominate the feed amino acids market in 2017. Lysine is an essential part of animal feed. The usage of lysine acts as a lower cost alternative source when compared to protein sources such as corn and soy, while maintaining high growth rates in the livestock, and reducing the pollution from nitrogen excretion.
The poultry segment, on the basis of livestock, is estimated to dominate the feed amino acids market, by livestock in 2017. Growth in concerns about animal health and rise in awareness about the benefits of amino acids in feedstuffs have led to an exponential growth of the poultry feed amino acids market.
The dry feed amino acids segment, on the basis of form, is estimated to dominate the market in 2017. Several advantages offered by the dry form of feed amino acids such as ease of storage & handling, cost advantage over liquid form, and protection from processing heat are expected to drive this segment in the coming years.
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Asia Pacific is projected to be the fastest-growing market during the forecast period, due to the continuous modernization of animal production techniques and the growing awareness among the consumers regarding the impact of quality feed provided to the livestock on animal-based products such as meat and dairy products. However, conventional methods of feeding animals such as forages, crop residue, and open grazing may restrict the growth of the commercial animal feed industry, and subsequently restrain the growth of the feed amino acids market in this region. The other restraints of the feed amino acids market include alternative protein sources and stringent regulatory framework.
Companies such as ADM (US), Sumitomo (Japan), Evonik (Germany), CJ CheilJedang (South Korea), Ajinomoto Co., Inc. (Tokyo), and Adisseo (China) are the major manufacturers in the feed amino acids market. Apart from these companies, Phibro (US), Meihua Holdings (China), Kemin (US), Novus (US), Global Bio-Chem (Hong Kong), and Sunrise Nutrachem (China) are some of the major feed amino acid market participants who have a robust product portfolio in terms of feed amino acid products.
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