Asia-Pacific Feed Amino Acids Market was worth USD 7.95 billion in 2021 and is estimated to be growing at a CAGR of 5.92%, to reach USD 10.94 billion by 2026.
The market is showing evident potential for the mentioned forecast period. The Asia-Pacific Feed Amino Acids Market has continued to grow with the help of increase in demands of animal derived products. The breeders have started taking more interest in the market and their will to increase their profitability has led to a significant growth in the market and is expected to continue.
Feed amino acids are basically used as additives in feed for various types of livestock. They have been used to increase the productivity of the livestock, so as to meet the rising demand of livestock products. Further, the nutritional value of Amino Acids provides precaution against health problems like autism, allergies, dermatitis, fatigue, etc.
Drivers and Restraints of Asia-Pacific Feed Amino Acids Market:
The hike in the demands for dairy and meat products and increase in feed costs have fuelled the Asia-Pacific Feed Amino Acids market growth. Other factors driving the Feed Amino Acids market include changing demographics in Asia Pacific region, Industrialization of livestock industry, expansion of animal meat market and disease outbreaks. Besides these factors, the market has been facing some challenges and restraints as well, some of them are availability of alternative protein sources, price volatility of Agri-commodities, competition for raw materials with other industries and Regulatory framework. These are some factors that have prevented the Asia-Pacific Feed Amino Acids Market from reaching its full potential.
Asia-Pacific Feed Amino Acids Market – By Livestock:
Asia-Pacific Feed Amino Acids Market – By Amino Acids:
Among all amino acids, Lysine holds the largest share in the Asia-Pacific Feed Amino Acids Market and is expected to remain the same in the coming years. Similarly, Poultry accounts for the highest share in the market due to the adoption of intensive farming system more than in any other segment.
Based on geography, the Asia-Pacific market is segmented under various countries namely China, India, Japan, Australia and South Korea.
Some of the key players of the Asia-Pacific Feed Amino Acids Market include Royal Dsm N.V., Archer Daniels Midland Company, Cargill Inc, Cheil Jedang, Evonik Industries Ag, Novus International Inc, Ajinomoto Co. Inc., Adisseo France Sas, PHW Group, Kemin Europa.
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