Lysine Market is Expected to Reach USD 5.9 Billion Globally in 2018: Transparency Market Research
Albany, New York (PRWEB) April 22, 2013
In terms of revenue, the market was valued at USD 3.5 billion in 2011 and is expected to reach USD 5.9 billion by 2018, growing at a CAGR of 9.1% from 2012 to 2018. The growing demand of meat, especially in developing countries is expected to drive the market for lysine in the near future.
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In addition, significant advantages offered by lysine over alternatives such as soybean are also expected to result in a positive shift towards consumption over the next five years. Ban on blood meal and bone meal in some regions around the world is also boosting the demand for lysine.
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Animal feed applications dominated lysine demand, accounting for over 90% of overall consumption in 2011. Other applications for lysine include pharmaceuticals and food industry, where it is used in drugs and food supplements respectively. Swine and poultry feed were key consumption segments of feed grade lysine; with swine feed accounting for over 57% of the total consumption in 2011. Swine is followed by poultry which emerged as the second biggest livestock segment consuming feed grade lysine. Methionine was the second largest consumed amino acid globally with over 30% share followed by threonine and tryptophan.
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China was the largest regional market for lysine and accounted for 30.6% of the global demand in 2011. Chinese lysine consumption is expected to reach 825.7 kilo tons in 2018. Europe accounted for 27% of global lysine demand in 2011, followed by North America with 16.8%.
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