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Amino acids are the organic compounds, which contain carboxyl and amine functional groups with a side chain specific to each amino acid. In the structure form, the product is divided into beta, alpha, gamma, and delta. The major elements of amino acid are carbon, oxygen, nitrogen, and hydrogen. These elements assembled into ingredients for providing energy, vitamins, minerals, and protein to the cattle, pigs, and broilers. Thereby provide animal feed growth, development, lactation, health and reproduction, and enhanced metabolism rate. The feed amino acid find its use in the swine, ruminants, poultry, aquatics, and equine applications.
The rising demand lysine based feed amino acids in the poultry and swine feedstock will boost the consumption of feed amino acid. The lysine based feed amino acid is an essential supplement in poultry and swine. It has high protein content, which helps to provide a balanced diet and optimizing animal growth. Also, the addition of lysine based amino acids in foods promotes the development of livestock, decreases feed costs, and increases feed quality. Hence, the increasing demand for the lysine based feed amino acids in these applications will aid to fuel the feed amino acid market growth during the forecast timeline.
However, the availability of different feed supplements such as phosphate and calcium is restricting the adoption of amino acid in various applications. Hence, this is anticipated to restrain the market growth.
Key Market Driver -
The rising demand for lysine based feed amino acids in poultry and swine to drive the market growth.
Key Market Restraint -
Availability of substitute to restrict the market growth.
Based on type, the feed amino acids market is segmented into tryptophan, lysine, methionine, threonine, and other. Based on application, the market is segmented into swine, ruminants, poultry, aquatics, equine, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The key players in the feed amino acids market include Cargill, Incorporated, Archer Daniels Midland Company, DSM, Novus International, Sunrise Nutrachem Group, Phibro Animal Health Corporation, CJ CHEILJEDANG CORP., MEIHUA HOLDINGS GROUP CO., LTD., Sumitomo Corporation, Evonik Industries, Ajinomoto Co., Inc., Adisseo, Kemin Industries, Inc., Global Bio-chem Technology Group Company Limited and Novus Biologicals.
Asia Pacific is anticipated to witness sustainable growth in the feed amino acids market. The growth is due to the rising adoption of lysine based amino acid in the poultry applications. The high demand of feed amino acids from the aquatics and equine applications will fuel the market growth in North America, in which the US and Canada are the leading countries. In Europe, growth is attributed to the rising use of tryptophan based amino acid in the swine application. The Middle East & Africa is anticipated to witness significant growth, owing to the adoption of the product in the ruminants applications.
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