Lysine is a form of amino acid that is essential for both animals and humans. However, animal or human bodies are not able of introducing lysine naturally, which is projected to augment the product requirement. It is vital for the proper growth and improvement of monogastric organisms. Lysine plays an essential role in animal nutrition as it is a portion of several metabolic procedures. Microbial fermentation of sugar substrate is the industrial approach of lysine production. However, the feedstock supply deficiency has been forcing producers to consider the prospective of other raw materials, likewise cassava and methanol, for introduction of lysine.
According to the report analysis, ‘Global L-Lysine Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026 (Based on 2020 COVID-19 Worldwide Spread)’ states that CJ, KYOWA HAKKO BIO CO.,LTD., ADM, Evonik, Chengfu Group, East Hope, GLOBAL Bio-Chem, Ajinomoto, Meihua, Juneng Golden Corn, VitaLys I/S, Orffa, COFCO and many more are the key corporates which recently operating in the global L-lysine market more actively for keep maintaining the dominant position, obtaining the competitive edge, leading the highest market growth, registering the great value of market share, and generating the high percentage of revenue by establishing the several research and development programs, increasing the applications and benefits of L-lysine, improving the qualitative and quantitative measures of such, spreading the awareness connected to the applications and features of L-lysine, implementing the policies of profit making and expansion strategies, delivering the better consumer satisfaction, decreasing the associated prices of such and analysing the strategies and policies of government as well as competitors.
By types, the global l-lysine market is segmented into feed grade and food grade. By applications, the global l-lysine market is classified into animal feed, food industry and healthcare. Animal feed is also predicted to be the fastest increasing application sector over the review duration. This can be accredited to the lower price and proficient replacement that l-lysine delivers in place of the costlier crude proteins such as soybean and corn.
In addition, the effective growth in global meat consumption, essentially in underdeveloped region, along with the boosting populace and augmented wealth, will drive the requirement for l-lysine in the animal feed segment. In order to meet such demands, animal feed will be demands for speedy growth of animals. This is well assisted by l-lysine as it supports animal gain weight speedily by drawing the nutrients from the restricted feed and still be conveyed as quality meat.
Based on the region, the global l-lysine market is scattered into different regions such as North America, Europe, Asia Pacific, Latin America and several others. It is predicted that the requirement for l-lysine in Latin America is projected to augment as meat consumption augments around Brazil and Mexico. Therefore, in the near years, it is predicted that the market of l-lysine will augment more actively over the near future.
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Ankur Gupta, Head Marketing & Communications