Feed Amino Acids Market Overview
The global feed amino acids market value will reach at USD 49.5 billion in the year 2030. The projected compound annual growth rate of this market in the forecast period 2020-2030 is 7.3%
Amino acids are required for the synthesis of proteins. The systems require 21 essential amino acids of animals which need to be provided by external sources. Feed amino acids are feeds infused with amino acids to benefit the farm animals in many ways, such as improved growth and development, improving metabolism, strengthening the reproductive system, and many more. Feed Amino Acids improve meat and other products obtained from livestock.
The growing meat industry and demand for animal-derived proteins are driving the growth of the feed amino acids market. The focus on improving meat quality is boosting the demand for feed amino acids. The rising incidents of disease outbreaks in livestock has also increased the concerns about the health of farm animals which is also an important factor fuelling the growth of the feed amino acids market. Another growth driver is investing in leading companies in RD to develop better production techniques.
The feed amino acids market faces growth restrictions due to a host of reasons such as alternative sources of proteins, price volatility of the raw materials such as grains and regulatory requirements in various countries. The Covid-19 pandemic also acted as a growth dampener.
Competition Outlook
Archer Daniels Midland Company (US), Sumitomo Corporation (Japan), Evonik Industries AG (Germany), CJ CheilJedang Corp. (South Korea), Ajinomoto Co.,Inc. (Japan), Bluestar Adisseo Co., Ltd. (France), Phibro Animal Health Corporation (US), Meihua Holdings Group Co., Ltd. (China), Kemin Industries, Inc. (US), Global Bio-chem Technology Group Company Limited (China), Novus International (US), and Sunrise Nutrachem Group (China) are some of the feed amino acids key market players.
Market Segmentation
Based on type, the feed amino acids market overview is divided into Lysine, Methionine, Threonine, Tryptophan, and others. The threonine segment is expected to grow at the fastest rate in the forecast period. Threonine enhances protein synthesis, helps with weight gain, improves immunity and digestion, enables better lysine utilisation, and reduces nitrogen excretion. These are some of the reasons for the high growth of the threonine segment.
Based on animals, the feed amino acids market is classified into ruminants, poultry, swine, aquatic animals, and others. The poultry segment accounted for 44.4% of the global volume of feed amino acids in 2020 and is projected to hold on to the largest share in the forecast period. Rising demand for poultry products and better awareness of their quality are the main factors. The swine segment holds the second-largest share in the market.
Regional Insights
The global feed amino acids market size covers the regions of North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).
The Asia Pacific region is estimated to hold the largest share of the market in the forecast period. This is because there has been a continuously rising demand for protein-rich food products derived from animals in the region, fuelled by rapid urbanisation and a consequent increase in the disposable incomes of the populace. The large livestock population in this region also drives the growth of the feed amino acids market.
Industry News
- In August 2017, Ajinomoto Co Inc entered into a partnership with Meihua Holdings to manufacture lysine and threonine animal feeds.
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