Lysine Market Size, Share, and Global Industry Demand Trends for 2023-2030"
Global Lysine Market Overview
The Lysine Market witnessed a valuation of USD 1,754.9 million in 2021, marking its significance in the industry. Projections indicate a substantial growth trajectory, with the lysine market industry expected to escalate from USD 1,784.5 million in 2022 to a noteworthy USD 3,060.63 million by 2030. This upward trend reflects a robust Compound Annual Growth Rate (CAGR) of 7.20% throughout the forecast period spanning from 2022 to 2030.
One of the primary drivers fueling the expansion of the lysine market is the increasing awareness of its health benefits. As consumers become more conscious of the nutritional aspects of their diets, the demand for lysine has seen a notable upswing. Lysine, recognized for its role as an essential amino acid, plays a crucial part in various biological processes, including protein synthesis and tissue repair, further amplifying its appeal among health-conscious individuals.
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The broader context of the natural ingredients and additives market also contributes significantly to the lysine market's growth. Over the past few years, the natural ingredients and additives sector has experienced remarkable expansion, driven by a global shift towards healthier and more sustainable food choices. This trend is expected to parallelly influence the lysine market, given its prominence as a natural and beneficial ingredient.
The broader context of the natural ingredients and additives market also contributes significantly to the lysine market's growth. Over the past few years, the natural ingredients and additives sector has experienced remarkable expansion, driven by a global shift towards healthier and more sustainable food choices. This trend is expected to parallelly influence the lysine market, given its prominence as a natural and beneficial ingredient.
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
Key Players
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
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