The Feed Amino Acids Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Feed Amino Acids Market is estimated to be USD 15.1 billion in 2016 and predicted to rise to USD 20.4 billion by 2021 with a CAGR of 6.07%. The market is segmented by Livestock (Swine, Poultry, Cattle, Aquaculture and others), by Amino Acids (Tryptophan, Lysine, Methionine, Threonine and other Amino Acids). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The market for Feed Amino Acids is expected to show significant growth in upcoming years and thus has been gaining interest in the industry. Some of the drivers responsible for the growth of the market in recent years include, rise in demand of meat and dairy products, expansion of meat market, industrialization in livestock industry, and livestock disease outbreak which fuelled the additives market. Apart from the driving factors, there are some challenges and restraints faced by the market as well. Some of them are alternative protein sources, price volatility of Agri-Commodities, competition against other industries for raw materials and Regulatory framework.
The Feed Amino Acid Market is largely segmented under two segments i.e. by Livestock and by Amino Acids. Among the sub segments based on livestock, namely swine, cattle, poultry, aquaculture and other livestock, poultry accounted for the highest market share. Similarly, on the basis of Amino Acids Lysine held the largest share in market over Tryptophan, Methionine, Threonine and other Amino Acids.
On the basis of geographical analysis, it was seen that Asia-Pacific has been holding the largest market share accounting for 35% of the global share. Following Asia-Pacific are the European and North American market holding almost half the global market share for Amino Acids Market.
There have been a lot of companies gaining interest in the Feed Amino Acid market seeing its potential. Some of these are Cargill Inc, Archer Daniels Midland Company, Royal Dsm N.V., PHW Group, Novus International Inc, Adisseo France Sas, Ajinomoto Co. Inc., Evonik Industries Ag, Cheil Jedang, Kemin Europa.
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