The global lysine sulphate market is projected to witness significant growth from 2021 to 2031 (forecast period). Lysine sulphate is among the most common amino acids in human and animal nutrition products. It is an important amino acid found in the meals of humans and other animal species such as poultry and swine. The worldwide lysine sulphate market has expanded rapidly in recent years. The fast expansion of the livestock industry is expected to propel the global lysine sulphate market. Moreover, the food and beverage industries’ increased need for functional food additives is anticipated to provide revenue-generation opportunities in the lysine sulphate market.
Lysine Sulphate Market – Competitive Landscape
Leading players in the lysine sulphate market are AminoSib, Ajinomoto, MEGAMIX, Star Grace Mining Co, CJ, ADM, NB Group Co, Evonik, and Qingdao CBH Co.
Key market players are adopting marketing methods such as alliances, investments, acquisitions, technological developments, and R&D activities to boost their global presence. Such initiatives by major players are expected to boost the global lysine sulphate market. In February 2020, ZAO Prioskolie announced the expansion of L-lysine production with the start of lysine sulphate liquid concentrate processing.
GET A BROCHURE OF THE REPORT
Lysine Sulphate Market – Trends and Opportunities
Animal feed is a type of food given to domestic animals such as poultry and swine. Animal feed is produced on a huge scale to enhance agricultural animals’ nutrition. This enhances the diet of items like eggs, meat, and milk. Lysine sulphate aids in the formation of muscle in animals such as swine by increasing protein synthesis. It is used in animal feed to boost the quantity and quality of animal-based goods like eggs and meat. To supply high-quality goods, meat producers are concentrating more on animal nutritional needs. As a result, the global lysine sulphate market is expected to grow during the forecast period.
In 2019, worldwide livestock output accounted for almost 40% of total agricultural production. The high intake of animal protein is increasing livestock production capacity. As per the Food and Agriculture Organization (FAO), per capita, meat consumption in 2017 was 43.5 kg. Lysine sulphate is put in animal feed to help meet the nutritional needs of livestock. Such aspects are projected to propel the global lysine sulphate market during the forecast period.
GET THE TABLE OF CONTENT OF THE REPORT
The outbreak of COVID-19 had a substantial influence on the lysine sulphate market. Lockdowns imposed by numerous governments to combat virus propagation resulted in a major drop in the worldwide market. However, as the world reopens, the lysine sulphate market is anticipated to grow.
Lysine Sulphate Market – Regional Landscape
In recent years, the lysine sulphate market in Europe has expanded dramatically. Moreover, the lysine sulphate market in Europe is anticipated to experience growth during the forecast period. Increased food safety knowledge among European farmers, along with tough European Commission rules, has shifted the attention to the nutritional needs of the animals. Furthermore, rising demand for flavoring compounds in the food and beverage industries is likely to boost the sales of lysine sulphate.
The Asia Pacific lysine sulphate market is estimated to develop during the forecast period. China is likely to be the largest revenue generator in lysine sulphate market in Asia Pacific. The extensive consumption of pork, duck, and chicken in China, Japan, and many other South-East Asian nations is expected to drive the expansion of the regional market. Moreover, growing demand for natural ingredients, the expanding food and beverage sector, and increasing meat consumption is projected to bolster the growth of the lysine sulphate market in Asia Pacific.
North America is anticipated to make significant contributions to the lysine sulphate market during the forecast period. This is due to growing meat consumption and the booming food and beverage sector in the region. Moreover, the United States and Canada are expected to witness growth in the lysine sulphate market in North America.
GET A DISCOUNT ON THE REPORT
About TMR Research:
TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.
3739 Balboa St # 1097,
San Francisco, CA 94121
Visit Site: https://www.tmrresearch.com/