The global feed amino acids market is estimated to grow at CAGR of 6.07% during 2017-2022. Feed Amino Acids are now a consistent part of the growing meat industry driven by increasing demand for animal-derived products, better standard of living, the increasing awareness among people towards safety and quality of meat, and recent disease outbreaks in livestock. The global animal feed amino acids market is observed to be growing at a steady pace in the forecasted period fuelled by these demands.
Biggest regarding revenue, amino acids is one of the fastest growing segment of the animal feed additives market. The end consumers of feed amino acids are compound feed manufacturers, integrators, farmers, home-mixers, livestock and aquaculture industry.
The growth in feed amino acids industry is largely fuelled by increasing meat consumption, changing preferences and rising concerns over animal disease outbreaks. Industrialisation of the livestock industry and preference for animal-derived products are further helping the market to grow substantially. The biggest obstacle to the growth of feed amino acids market is the price volatility associated with feed raw materials and changing regulations among regions. The development of other sources of protein is also putting pressure on the market growth. The rise in the cost of other natural feeds would fuel the market growth for amino acids in the future.
By type, the market is segmented into Tryptophan, Lysine, Methionine, Threonine, etc.; Lysine is the single largest product segment globally. The report has been further segmented by consumption in different livestock. It includes swine, ruminants, poultry, aquatic animals and others. It is identified that the poultry market has the largest market share as the adoption of the intensive farming system in poultry segment is more than any other livestock segment.
Asia-Pacific is the largest market, while North America and Europe are huge markets, accounting for half the market share globally. Emerging markets as if China and India have shown promising growth and potentially driven by the rise in meat consumption, increasing demand for quality feed for protein meat. Europe is a comparatively well-established and traditional market for feed amino acids. Major meat consuming and export-oriented nations like Germany, France, Spain have shown promising growth and potentially driven by the rise in meat consumption, increasing demand for quality feed for protein meat. Improving trade activity on meat exports is driving the manufacturers to increase meat production thereby fuelling the growth of markets in developed countries.
Adisseo France Sas, Cargill Inc., Archer Daniels Midland Company, Royal DSM N.V are some of the most active companies globally. Many global players are focusing on business expansion by acquiring local, small regional players. High investment is being carried out for strengthening R&D base for product and technological developments. Leading companies have been investing in R&D for innovations, breakthroughs, better-cost management, and production techniques for effective feed to meat conversion in amino acids markets.
Key Deliverables in the Study