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 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.
Global Lysine Market Report Snapshots
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