San Francisco, California (PRWEB) June 03, 2014
The global market for lysine is expected to reach USD 6.96 billion by 2020, according to a new study by Grand View Research, Inc. Positive outlook on animal feed demand to cater to growing meat consumption, especially in emerging markets of Latin America and Asia Pacific is expected to be a key market driver. Limited availability of major feedstock is expected to hamper the market growth over the forecast period.
Animal feed emerged as the largest application segment for lysine and accounted for 92.4% of total market volume in 2013. Along with being the largest market, animal feed is also expected to be the fastest growing application segment for lysine at an estimated CAGR of 6.2% from 2014 to 2020.
The report “Lysine Market Analysis By Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), By Livestock (Swine, Poultry) And Segment Forecasts To 2020,” is available now to Grand View Research customers at http://www.grandviewresearch.com/industry-analysis/lysine-market.
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Further key findings from the study suggest:
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For the purpose of this study, Grand View Research has segmented the lysine market on the basis of type, application and region:
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