March 7, 2011
The global amino acids market is expected to reach US$11.6 billion by 2015 due to the recovery in economy and new demand coming from end-use markets, according to a report by Global Industry Analysts, Inc.
Animal feed additives symbolise a major end-use market for amino acids globally. Generally, feed additives are preferred to provide livestock, poultry, and other animals with adequate nutrients in their diet to address any deficiencies. Various amino acids such as lysine, methionine, tryptophan, and threonine are used as feed additives.
Methionine is a widely used amino acid in poultry feed and cattle feed. Recently, lysine is increasingly finding application as the most preferred amino acid additive in animal feed particularly for poultry and swine feed.
Asia-Pacific represents the largest regional market for amino acids worldwide. The region also predominates the world amino acids production scenario. Extensive usage of monosodium gluatamate (MSG) over the past several years resulted in huge growth in the overall Asia-Pacific amino acids market. In addition, increased demand for amino acids from the Chinese animal feeds sector significantly reinforced the Asian dominance in the global market. Latin America is poised to demonstrate the fastest CAGR of 4.7% over the analysis period.
Lysine represents the fastest growing amino acids segment. Lysine is a critical additive in animal feed production. Globally, multi-polar developments are leading to intense competition within the lysine market, with China emerging as a crucial market for lysine production. Market for lysine is poised to demonstrate a CAGR of 5.4% over the analysis period.
Major players include Ajinomoto Group, Archer Daniels Midland Company, CJ Cheil Jedang, Daesang Corporation, Evonik, Kyowa Hakko Kirin Group, Novus International Inc., Royal DSM N.V., Sekisui Medical Co. Ltd., and Toronto Research Chemicals Inc.