Lysine Market Overview
Lysine Market Size was valued at USD 1,754.9 million in 2021. The lysine market industry is projected to grow from USD 1,784.5 million in 2022 to USD 3,060.63 million by 2030, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2022 - 2030). The demand for lysine is increasing with raising awareness of its health benefits. The natural ingredients and additives market has registered tremendous growth in the past few years, and the same trend is expected for the lysine market. Additionally, the North American and European markets are witnessing the growing demand for lysine.
The key Lysine Market players in the have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. Moreover, the key players in the market are focusing on expanding their R&D capabilities. For instance, in February 2021, Ajinomoto Co., Ltd. announced the opening of the new Thai Technology and Engineering Center Building, which is in Ajinomoto’s Ayutthaya Factory area. Investments in the market are projected to have a significant impact on the lysine market size during the forecast period
Global Bio-chem Technology Group Company Limited (Hong Kong),Ajinomoto Co., Ltd. (Japan),Cheil Jedang Corp (South Korea),Archer Daniel Midland (ADM),Evonik Industries (Germany),COFCO Biochemical (Anhui) Co. Ltd. (China),Shandong Shaouguang Juneng Golden Corn Co. Ltd. (China),Changchun Dacheng Group (China),Sunrise Nutrachem Group (China),KYOWA HAKKO BIO CO., LTD. (Japan),Juneng Golden Corn Co., Ltd. (China),Penta Manufacturing Company (US),BANGYE Inc. (China),Shijiazhuang Shixing Amino Acid Co., Ltd. (China),Bajaj Healthcare Ltd. (India)
High Investments in R&D: R&D investments by the Lysine Market Outlook major manufacturers enhance the products, services, and technologies. For instance, manufacturers are incorporating new technologies to develop efficiency and effectiveness which includes encapsulation techniques. It is gaining massive acceptance among manufacturers. Encapsulation technology helps to improve its release and offer a longer shelf life by protecting it from the external environment. Research and development will lead to the formation of new products with improved quality and functionality by including better formulation.
Rising demand for natural ingredients: Consumer focus on health and wellness has seen a rise in recent years owing to increasing incidences of lifestyle disorders such as cardiovascular diseases, obesity, osteoporosis, and diabetes. This has changed consumer food choices and perception of natural ingredients. Thus, rising consumer preference for natural and clean-label products is driving the demand for natural ingredients in the food & beverage as well as animal nutrition industry
Click Here to Get Sample Premium Report- https://www.marketresearchfuture.com/sample_request/10103
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
Sales: +1 628 258 0071 (US) +44 2035 002 764(UK)