Lysine Market Size and Share: A Comprehensive Overview (2030)
Lysine
Market Overview
Lysine Market Size was valued at USD 1,754.9 million in
2021. The lysine market industry is projected to grow from USD 1,784.5 million
in 2022 to USD 3,060.63 million by 2030, exhibiting a compound annual growth
rate (CAGR) of 7.20% during the forecast period (2022 - 2030). The demand for
lysine is increasing with raising awareness of its health benefits. The natural
ingredients and additives market has registered tremendous growth in the past
few years, and the same trend is expected for the lysine market. Additionally,
the North American and European markets are witnessing the growing demand for
lysine.
The key Lysine
Market players in the have been responsive to shifting consumer
preferences and are focused on strategic acquisitions, product launches, and
partnerships. Moreover, the key players in the market are focusing on expanding
their R&D capabilities. For instance, in February 2021, Ajinomoto Co., Ltd.
announced the opening of the new Thai Technology and Engineering Center
Building, which is in Ajinomoto’s Ayutthaya Factory area. Investments in the
market are projected to have a significant impact on the lysine market size
during the forecast period
Key Players
Global Bio-chem Technology Group Company Limited (Hong
Kong),Ajinomoto Co., Ltd. (Japan),Cheil Jedang Corp (South Korea),Archer Daniel
Midland (ADM),Evonik Industries (Germany),COFCO Biochemical (Anhui) Co. Ltd.
(China),Shandong Shaouguang Juneng Golden Corn Co. Ltd. (China),Changchun
Dacheng Group (China),Sunrise Nutrachem Group (China),KYOWA HAKKO BIO CO., LTD.
(Japan),Juneng Golden Corn Co., Ltd. (China),Penta Manufacturing Company
(US),BANGYE Inc. (China),Shijiazhuang Shixing Amino Acid Co., Ltd.
(China),Bajaj Healthcare Ltd. (India)
High Investments in R&D: R&D investments by
the Lysine
Market Outlook major manufacturers enhance the products, services, and
technologies. For instance, manufacturers are incorporating new technologies to
develop efficiency and effectiveness which includes encapsulation techniques.
It is gaining massive acceptance among manufacturers. Encapsulation technology
helps to improve its release and offer a longer shelf life by protecting it
from the external environment. Research and development will lead to the
formation of new products with improved quality and functionality by including
better formulation.
Rising demand for natural ingredients: Consumer focus
on health and wellness has seen a rise in recent years owing to increasing
incidences of lifestyle disorders such as cardiovascular diseases, obesity,
osteoporosis, and diabetes. This has changed consumer food choices and
perception of natural ingredients. Thus, rising consumer preference for natural
and clean-label products is driving the demand for natural ingredients in the
food & beverage as well as animal nutrition industry
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