Feed Amino Acid Market Size, Share, Growth Analysis, By Type(Lysine, Methionine), By Application(Ruminants, Swine) - Industry Forecast 2024-2031

Report ID: SQMIG15E2437 | Region: Global | Published Date: July, 2001
Pages: 247 | Tables: 67 | Figures: 75

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Feed Amino Acid Market size was valued at USD 7.01 billion in 2019 and is poised to grow from USD 7.4 billion in 2023 to USD 11.97 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).

The feed amino acid market is relatively fragmented, with a high level of competition. Few large players, like Amino GmbH, BBCA Group, and Cargill Inc., now control the market in terms of market share. These industry leaders are extending their customer base across several areas, and many corporations are creating strategic and collaborative initiatives with other start-up enterprises to enhance their market share and profitability. 'Adisseo France SAS', 'Ajinomoto Co. Inc.', 'Archer Daniels Midland Company', 'BASF SE', 'Cargill Inc.', 'CJ CheilJedang Corporation', 'Evonik Industries AG', 'Bio-Chem Technology Group Company Limited', 'Guangdong Haid Group Co. Ltd.', 'Kemin Industries Inc.', 'Kyowa Hakko Bio Co. Ltd.', 'Meihua Holdings Group Co. Ltd.', 'Novus International Inc.', 'Phibro Animal Health Corporation', 'Prinova Group LLC', 'Royal DSM NV', 'Sumitomo Chemical Company Limited', 'Sunrise Nutrachem Group Co. Ltd.', 'Tianjin Julong Group', 'Wuxi Accobio Biotech Inc.'

Corn grain, corn by-products, and dried distillers' grains contain amino acids. Soybean meal is an inexpensive high-protein source. It has less methionine than a dairy cow needs to produce optimal output. Seaweed is a renewable natural resource of protein for animal feed. These alternative sources' high protein content and cost-efficiency could restrain the growth and slow the feed amino acids market.

Bone and meat meals were utilized in the production of feed to supply animals with the necessary minerals, protein, vitamins, and energy. Because of this, dairy farmers were compelled to reduce the amount of animal protein they used in feed, such as blood meal. Also, because of the more stringent hygiene requirements, the Food and Drug Administration (FDA) 1997 put an end to the practice of using mammalian protein in animal feed that was intended for ruminants which led to an increase in the number of amino acids used in ruminant feed.

The Asia-Pacific region would account for the highest market size in the feed amino acid industry in the year 2021 and will continue to dominate the sector during the forecast period, followed by North America. The rapid rate of industrialization and urbanization in the Asia Pacific has contributed to an increase in the per capita income of the people living in that region. This rise in the level of people's disposable income has contributed to an increase in the demand for food that is high in protein. When comparing the number of feed mills in 2020 to that of 2021, there was approximately a 39%, 18%, and 13% reduction in the number of feed mills in countries such as India, South Korea, and Vietnam, respectively. This trend was particularly noticeable in 2021. Europe is the second-largest compound feed producer globally, with Germany and France being the major producing countries. Poultry feed accounts for a major share of the region’s compound feed market, representing approximately one-third of the total compound feed market.

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Global Feed Amino Acid Market

Product ID: SQMIG15E2437