The Feed Amino Acids Market is Estimated at USD 5.37 Billion in 2017 and is Projected to Grow at a CAGR of 4.4%, to Reach USD 6.66 Billion by 2022
"Feed amino acids market is projected to grow at a CAGR of 4.4% during the forecast period."
NEW YORK, Nov. 27, 2017 /PRNewswire/ -- Read the full report: https://www.reportlinker.com/p05220260
The feed amino acids market is estimated at USD 5.37 billion in 2017 and is projected to grow at a CAGR of 4.4%, to reach USD 6.66 billion by 2022. The main factors that drive the demand for feed amino acids include an increase in the consumption of animal-based products, increase in feed production, standardization of meat products owing to disease outbreaks, implementation of innovative animal husbandry practices to improve meat quality, increase in support from governments and environmentalists and the multiple benefits associated with amino acid supplementation in feed.
Additionally, the increase in demand for nutritional supplements for monogastric animals is one of the major opportunities for manufacturers in the feed amino acids market. However, the alternative protein sources and stringent regulatory framework are the restraining factors for this market.
"The threonine segment is projected to be the fastest-growing in the global feed amino acids market."
On the basis of type, the threonine segment is projected to be the fastest-growing during the forecast period. Threonine is an essential amino acid that is added to feed to balance the amino acid requirement in an animal's body. It helps to optimize growth and reduce nitrogen in excreta. Apart from this, it also helps in maintaining immunity and gut integrity. Its deficiency impacts animal growth and could result in digestive problems. L-threonine also helps in better utilization of lysine, optimizes feed formulations, and reduces the cost of animal production and nitrogen excretion. Such factors drive the threonine segment of the feed amino acids market.
"Asia Pacific was the largest market for feed amino acids market in 2016."
Asia Pacific accounted for the largest share of the feed amino acids market in 2016 owing to the growing awareness among consumers regarding the impact of quality feed provided to livestock on animal-based products such as meat and dairy products. Additionally, continuous modernization of animal production techniques is projected to drive the demand for different types of feed amino acids in this region.
Break-up of primaries is as follows:
By Company Type: Tier 1 – 25%, Tier 2 – 50%, and Tier 3 –25%By Designation Level: C Level – 25%, Director Level –25%, and Others – 50%By Region: North America – 25%, Europe – 25%, Asia Pacific – 50%
The leading players profiled in this report are as follows:
• ADM (US)
• Sumitomo (Japan)
• Evonik (Germany)
• CJ CheilJedang (South Korea)
• Ajinomoto Co., Inc. (Tokyo)
• Adisseo (China)
• Phibro (US)
• Meihua Holdings (China)
• Kemin (US)
• Novus (US)
• Global Bio-Chem (Hong Kong)
• Sunrise Nutrachem (China)
Research Coverage:
The report segments the feed amino acids market on the basis of type, livestock, form, and region. In terms of insights, this research report has focused on various levels of analyses—trade analysis, supply chain analysis, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging & high-growth segments of the global feed amino acids market, high-growth regions, countries, government initiatives, drivers, restraints, and opportunities.
Reasons to buy this report:
• To get a comprehensive overview of the feed amino acids market
• To gain wide-ranging information about the top players in this industry, their service portfolios, and key strategies adopted by them
• To gain insights about the major countries/regions in which the feed amino acids market is flourishing
Read the full report: https://www.reportlinker.com/p05220260
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