Brooklyn, New York, USA, 2021-Apr-23 — /Meridian Market Consultants/ — An overview of conceptual frameworks, analytical approaches of the Lysine Market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The lysine market is expected to grow at a significant rate in the near future.
The ****** Lysine Market in 2020 is estimated for more than US$ 5.7 Bn and expected to reach a value of US$ 9.2 Bn by 2028 with a significant CAGR of 6.2%.
Lysine Market Definition
Lysine is an essential amino acid used in the biosynthesis of a number of proteins. The modern lysine industry has begun to take shape in 1950, and today’s industry is developed as a result of basic scientific discoveries in biochemistry since then.
Today’s method of industrial production of lysine is based on the fermentation of liquid sweeteners obtained from cane sugar or corn starch. Along with its clinical applications, lysine is considered an essential ingredient of animal feed. The lysine manufacturing industry has considerably grown in the last four decades and has attracted many companies from Asia, North America, and Europe.
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Lysine Market Dynamics
Lysine is an amino acid, an organic chemical essential for the growth of muscle tissue in humans and animals. Lysine is one of three amino acids that dominate sales of organic chemicals. Lysine is one of the major ingredients included in the concentrates that are added to rough grains and oilseed meals to make balanced feeds for farm animals.
Growing consumption of protein-rich diet in middle-income countries is one of the factors driving the growth of the ****** lysine market. Consumer desires for low-fat meats and farm-raised seafood and the growing animal industry would fuel the demand for lysine to be used in animal feed.
Lysine Market Key Players
****** lysine market is dominated by Ajinomoto Ltd., Evonik, Chengfu Group, Bio-Chem China, covering CJ Korea, Bio-Chem Tech, Archer Daniel Midland (ADM), Cheil Jedang Corp., COFCO, East Hope, etc. among others.
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Lysine Market Segmentation
The ****** lysine market is segmented on the basis of product type, application, end-user, and region. Based on product type, the ****** lysine market is segmented into Lysine Type 98, Type 70, and Type 65. Based on application ****** lysine market is segmented into animal feed, food, and dietary supplement, Pharmaceuticals, Research applications. On the basis of the end-user industry, the ****** lysine market is segmented into food industries, animal industries, pharmaceutical, and biotechnology companies, research institutes, and others.
The ****** lysine market is expected to increase at a steady CAGR over the forecast period owing to the increasing production of fish oil and growing clinical applications of fish oil.
Lysine Market Regional Overview & Analysis
On the basis of region, the ****** lysine market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. Asia Pacific lysine market is expected to be the most dominating market throughout the forecast period due to the growing production of lysine in China and South Korea. North America is expected to be the second-largest market due to the presence of a large number of pharmaceutical and biotechnology companies.
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