Product ID: SQMIG30I2256
Global Lysine Market Size, Share, Growth Analysis, By Source(Plant-Based and Animal-Based), By Application(Animal Feed, Pharmaceuticals) - Industry Forecast 2024-2031
Report ID:
SQMIG30I2256 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
62 |
Figures:
75
Global Lysine Market Insights
Global Lysine Market size was valued at USD 1881.25 Million in 2022 and is poised to grow from USD 2016.7 Million in 2023 to USD 3517.23 Million by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
Lysine helps the body absorb calcium and supports the formation of collagen, a protein found in skin, tendons, and cartilage. Lysine is also known for its ability to fight off viral infections, particularly the herpes simplex virus (HSV). It works by inhibiting the growth of the virus and reducing the severity and frequency of outbreaks. As a result, lysine supplements are commonly used to treat cold sores and genital herpes. While lysine can be obtained through diet, it is not produced naturally by the body, making supplementation necessary for some individuals. Foods high in lysine include meat, fish, dairy products, and legumes. It is important to note that excessive intake of lysine may cause digestive issues and increase the risk of developing kidney stones. Therefore, it is recommended to consult a healthcare professional before taking lysine supplements.
The animal feed industry is the largest consumer of lysine, accounting for more than 70% of the global demand. Lysine is used in animal feed to enhance the nutritional value of feed, improve animal growth, and reduce the cost of feed. The growing demand for meat and animal-based products, particularly in developing countries, is driving the demand for lysine in the animal feed industry. The pharmaceutical industry is another major consumer of lysine, owing to its antiviral properties. The growing prevalence of HSV infections, particularly in developed countries, is driving the demand for lysine in the pharmaceutical industry. In addition to the animal feed and pharmaceutical industries, lysine is also used in personal care products, such as shampoos and conditioners, to improve the texture and moisture content of hair. The growing demand for personal care products, particularly in emerging economies, is driving the demand for lysine in the personal care industry.
According to the US Food and Drug Administration (FDA), lysine is classified as a Generally Recognized As Safe (GRAS) substance when used in animal feed at appropriate levels. The FDA's Center for Veterinary Medicine regulates the use of lysine in animal feed to ensure its safety and effectiveness. In recent years, the FDA has increased its surveillance of animal feed to ensure that it meets safety standards and does not contain harmful contaminants. The World Health Organization (WHO) does not provide specific updates on the lysine market in India or the USA. However, the WHO recognizes the importance of lysine in human health and recommends its consumption through a balanced diet or dietary supplements. The WHO also promotes the use of lysine in the treatment of certain medical conditions, such as herpes simplex virus infections.
US Lysine Market is poised to grow at a sustainable CAGR for the next forecast year.
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Global Lysine Market Segmental Analysis
Global Lysine market is segmented by source, application, and region. Based on source, the market can be segmented into plant-based and animal-based sources. Based on application, the market can be segmented into animal feed, pharmaceuticals, personal care, and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Lysine Market Analysis by Source
By source, the market can be segmented into plant-based and animal-based sources. Plant-based lysine dominated the global amrket. The preference for plant-based lysine is due to its cost-effectiveness and sustainability. Plant-based lysine can be produced on a large scale using industrial fermentation techniques, which make it a cost-effective source of lysine. Additionally, plant-based lysine is a sustainable source of lysine since it can be derived from crops that are not intended for human consumption.
Animal-based lysine accounts for less than 20% of the total production. The use of animal-based lysine is limited due to its high cost and limited availability. Animal-based lysine is derived from animal protein sources such as fishmeal and meat and bone meal, which are limited in supply and can be costly to produce.
Lysine Market Analysis by Application
By application, the market can be segmented into animal feed, pharmaceuticals, personal care, and others. The animal feed segment is the largest application segment in the lysine market, accounting for more than 60% of the total demand. Lysine is an essential amino acid for animal growth and development, and its inclusion in animal feed enhances feed efficiency and promotes animal health. The demand for lysine in animal feed is driven by the increasing demand for protein-rich animal-based products, such as meat, eggs, and dairy products, across the globe. Lysine is also used in aquaculture feeds to promote fish growth and development. The pharmaceutical segment is the second-largest application segment in the lysine market. Lysine supplements have been found to reduce the severity and frequency of herpes outbreaks.
The personal care segment is a relatively small but growing application segment in the lysine market. Lysine is used in personal care products such as shampoos, conditioners, and skin care products. Lysine is known for its moisturizing and anti-aging properties, making it an excellent ingredient for skin care products. It helps to reduce wrinkles and fine lines, improves skin texture, and prevents moisture loss from the skin.
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Global Lysine Market Regional Insights
North America dominated the global market. The region is dominated by the United States, which is the largest producer and consumer of lysine in the world. The market is driven by the increasing demand for animal feed, pharmaceuticals, and personal care products. The animal feed industry is the primary driver of the lysine market in North America. The demand for lysine in animal feed is driven by the increasing demand for protein-rich animal-based products, such as meat, eggs, and dairy products, across the region. The United States is the largest producer of meat in the world, and the demand for lysine in animal feed is expected to increase significantly in the coming years due to the rising population and changing dietary habits. The pharmaceutical industry is also a significant driver of the lysine market in North America. The demand for lysine in the pharmaceutical industry is expected to increase in the coming years due to the growing demand for dietary supplements and functional foods. The personal care industry is a relatively small but growing application segment in the lysine market in North America. Lysine is used in personal care products such as shampoos, conditioners, and skin care products. The demand for lysine in the personal care industry is driven by the increasing demand for natural and organic personal care products in the region. In terms of production, the United States dominates the lysine market in North America. The country is home to several major lysine producers, including Ajinomoto Animal Nutrition, Evonik Industries, and Archer Daniels Midland Company. These companies are investing heavily in research and development to develop new and innovative lysine products to meet the growing demand from various industries.
The Asia Pacific region (APAC) is the fastest-growing market for lysine globally. The region is characterized by high population growth, urbanization, and increasing disposable income, which are driving the demand for protein-rich food and animal feed. Additionally, the growing awareness of animal welfare and the increasing demand for functional ingredients in personal care products are fueling the growth of the lysine market in the APAC region. China is the largest producer and consumer of lysine in the APAC region, accounting for more than 60% of the total regional demand. The country's booming animal husbandry industry and the increasing demand for protein-rich animal-based products such as meat, eggs, and dairy products are driving the demand for lysine in animal feed. Additionally, the country's growing population and rising disposable income levels are driving the demand for lysine in personal care products. India is another significant market for lysine in the APAC region, with the country's growing population and increasing demand for protein-rich food driving the demand for lysine in animal feed. Additionally, the country's growing pharmaceutical industry is driving the demand for lysine in the production of various drugs and supplements. Other countries in the APAC region such as Japan, South Korea, and Australia are also witnessing significant growth in the lysine market. The growing awareness of the health benefits of lysine and its increasing use in various applications such as personal care, food, and beverages, and dietary supplements are driving the demand for lysine in these countries.
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Global Lysine Market Dynamics
Lysine Market Drivers
Increasing demand for protein-rich food and animal feed
- One of the major drivers of the lysine market is the increasing demand for protein-rich food and animal feed, particularly in developing regions such as Asia Pacific and Latin America. As the global population continues to grow and urbanize, the demand for animal-based protein products such as meat, eggs, and dairy is increasing. Lysine is a crucial ingredient in animal feed, as it helps to promote growth and improve the overall health of animals. This growing demand for animal feed is driving the demand for lysine, presenting significant opportunities for market players to expand their production capacities and launch new products.
Lysine Market Restraints
Volatility in the prices of raw materials
- One major restraint in the lysine market is the volatility in the prices of raw materials such as corn and soybean, which are the major sources of lysine production. The fluctuating prices of these raw materials can significantly impact the production cost of lysine, making it challenging for manufacturers to maintain a competitive pricing strategy. Additionally, the unpredictable supply chain and logistics issues in the agricultural sector can also impact the availability of raw materials, further adding to the production cost and pricing strategy of lysine manufacturers. These factors can pose a significant challenge for the growth of the lysine market.
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Global Lysine Market Competitive Landscape
The global lysine market is highly competitive, with several regional and international players operating in the market. The market is characterized by the presence of a large number of players, offering similar products and services, which has intensified the competition in the market. The players in the market are focusing on product innovation, expanding their production facilities, and enhancing their distribution channels to gain a competitive advantage in the market. Additionally, partnerships, collaborations, and acquisitions have become a popular trend in the market, with players striving to expand their market share and increase their customer base. The intense competition in the market is expected to continue in the coming years.
Lysine Market Top Player’s Company Profiles
- Ajinomoto Co., Inc. (Japan)
- Archer Daniels Midland Company (US)
- CJ CheilJedang Corp. (South Korea)
- Evonik Industries AG (Germany)
- Global Bio-Chem Technology Group Co., Ltd. (Hong Kong)
- Prinova Group LLC (US)
- Yichang Sanxia Pharmaceutical Co., Ltd. (China)
- Shandong Shaouguang Juneng Golden Corn Co., Ltd. (China)
- Meihua Holdings Group Co., Ltd. (China)
- COFCO Biochemical (Anhui) Co., Ltd. (China)
- Parry Enterprises India Limited (India)
- Changchun Dacheng Biochemical Co., Ltd. (China)
- Honliv Group Co., Ltd. (China)
- Ningxia Eppen Biotech Co., Ltd. (China)
- ADM Animal Nutrition (US)
- Henan Lotus Flower Gourmet Powder Co., Ltd. (China)
- Chongqing Unisplendour Chemical Co., Ltd. (China)
- COFCO Biochemical (Zhaodong) Co., Ltd. (China)
- Xinjiang Fufeng Biotechnologies Co., Ltd. (China)
- Sunhy Group (China)
Lysine Market Recent Developments
- In January 2023, CJ CheilJedang Corp. announced plans to launch a new lysine product for use in human nutrition. The product, called Lys-O-Mega, is a high-quality lysine supplement aimed at meeting the growing demand for protein-rich foods in the health and wellness market.
- In February 2022, Evonik Industries AG announced the acquisition of NOREL SA, a Spanish producer of feed additives, including lysine. The acquisition is aimed at strengthening Evonik's position in the European market and expanding its product portfolio.
- In December 2021, Global Bio-Chem Technology Group Co., Ltd. announced plans to expand its lysine production capacity in China. The company plans to invest over $45 million in a new lysine production facility in the country, aimed at meeting the increasing demand for lysine in animal feed and other industries.
Global Lysine Key Market Trends
- One key market trend in the global lysine market is the growing demand for lysine as a feed additive for livestock and poultry. Lysine is an essential amino acid that is required for optimal animal growth and development. With increasing global demand for animal protein, there has been a corresponding rise in demand for lysine in animal feed formulations. Moreover, the increasing popularity of plant-based diets for humans has led to a higher demand for lysine in the production of plant-based protein alternatives, such as pea protein and soy protein. Technological advancements in lysine production and the emergence of new lysine sources are also expected to drive market growth in the coming years.
Global Lysine Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global lysine market analysis, the market is witnessing significant growth, driven by the increasing demand for animal feed, pharmaceuticals, personal care products, and other industrial applications. The key players are focusing on expanding their production facilities, enhancing their distribution channels, and introducing new products to gain a competitive advantage in the market. The APAC region is expected to witness the fastest growth in the market due to the increasing demand for animal protein, rising population, and growing economic development in the region. However, the market faces several challenges, such as the volatility in raw material prices and the unpredictable supply chain and logistics issues in the agricultural sector.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1881.25 Million |
| Market size value in 2031 | USD 3517.23 Million |
| Growth Rate | 7.2% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Lysine Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Lysine Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Lysine Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Lysine Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Lysine Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Lysine Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Lysine Market Report Snapshots
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