PUNE, India, November 20, 2017 /PRNewswire/ --
The report "Feed Amino Acids Market by Type
(Lysine, Methionine, Threonine, Tryptophan), Livestock (Ruminants,
Swine, Poultry, Aquaculture), Form (Dry, Liquid), and Region
(North America, Europe, Asia
Pacific, South America and
RoW) - Forecast to 2022 ", published by MarketsandMarkets™, the
market is estimated to be valued at USD 5.37
Billion in 2017. It is projected to reach a value of
USD 6.66 Billion by 2022, at a CAGR
of 4.4% from 2017. The market is driven by factors such as growth
in consumption of animal-based products, growth in feed production,
standardization of meat products owing to disease outbreaks,
implementation of innovative animal husbandry practices to improve
meat quality, increase in support from governments and
environmentalists, and multiple benefits associated with amino acid
supplementation in feed. Additionally, growth in awareness among
consumers about BSE and increase in demand for nutritional
supplements for monogastric animals provides feed amino acid
producers and distributors with lucrative
opportunities.
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and 53 Figures spread
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on "Feed Amino Acids Market - Forecast to 2022"
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The lysine segment, by type, is estimated to dominate the
Feed Amino Acids Market in 2017.
The lysine segment, by type, is estimated to be the largest in
the Feed Amino Acids Market in 2017. Amino acids play an
important role in animal nutrition by supporting the growth,
production, activity, reproduction, and overall maintenance of
animal health. They also help in increasing the livestock yield.
Hence, this segment is estimated to acquire the largest share of
the global Feed Amino Acids Market by 2022.
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The dry form is estimated to be the larger segment of the
Feed Amino Acids Market in 2017.
The dry form of feed amino acids accounts for higher demand
among animal producers as it is easy to mix with feed. The ease of
storage & handling and transportation & cost advantages
over the liquid form are also some factors that drive the demand
for the dry form of feed amino acids. Thus, the dry segment is
expected to continue its dominance during the forecast period.
The poultry segment is projected to be the largest segment in
2017.
Poultry meat is universally consumed, and unlike beef and swine
meat, does not face any religious constraints. Growing concerns
about animal health and the rise in awareness about the benefits of
amino acids in feedstuff have led to the growth of the poultry Feed
Amino Acids Market.
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The Asia Pacific region is
estimated to dominate the Feed Amino Acids Market in
2017.
The Asia Pacific region is
projected to be the fastest-growing market for feed amino acids
between 2017 and 2022. The major driving factors for the market in
this region are the continuous modernization of animal production
techniques and the growing awareness among consumers regarding the
impact of quality feed provided to the livestock on animal-based
products such as meat and dairy products.
This report includes the study of marketing and development
strategies, along with the product portfolios of leading companies.
It includes the profiles of leading companies such as ADM (US), Sumitomo (Japan), Evonik (Germany), CJ CheilJedang (South Korea), Ajinomoto Co., Inc.
(Tokyo), Adisseo (China), Phibro (US), Meihua Holdings
(China), Kemin (US), Novus (US),
Global Bio-Chem (Hong Kong), and
Sunrise Nutrachem (China).
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