Feed Amino Acids Market Projected to Reach $6.66 Billion by 2022

23/apr/2019 09:24:28 MarketsandMarkets Contatta l'autore

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The feed amino acids marketwas valued at USD 5.18 Billion in 2016. It is projected to grow at a CAGR of 4.4% from 2017, to reach USD 6.66 Billion by 2022.  The base year considered for the study is 2016 and the forecast period is from 2017 to 2022. The basic objectives of the report are to define, segment, and project the global market for feed. Also It helps to understand the structure of the feed amino acids market by identifying its various subsegments.

Feed Amino Acids Market

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The lysine segment, by type, is estimated to dominate the feed amino acids market in 2017.

The lysine segment, by type, is estimated to be the largest in the feed amino acids market in 2017. Amino acids play an important role in animal nutrition by supporting the growth, production, activity, reproduction, and overall maintenance of animal health. They also help in increasing the livestock yield. Hence this amino acids market by 2022.

The  dry form is estimated to be the larger segment  of the feed amino acids market in 2017.

The dry form of feeds amino acids accounts for higher demand among animal producers as it is easy to mix with feed. The storage and handling of the amino acids. Thus, the dry segment is expected to continue its dominance during the forecast period.

The poultry segment is projected to be the largest segment in 2017.

Poultry meat is universally consumed, and unlike beef and swine meat, does not face any religious constraints. Growing Concerns  about animal health and the height of awareness  about the benefits of  feedingstuff.

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The Asia Pacific region is estimated to dominate the feed amino acids market in 2017.

The Asia Pacific region is projected to be the fastest growing market for feeds amino acids between 2017 and 2022. The main driving factors for the market in this region are the continuous modernization of animal production techniques and the growing awareness among consumers regarding the impact of quality feed animal-based products such as meat and dairy products.

 

This report includes the study of marketing and development strategies, along with the product portfolios of leading companies. The profiles of leading companies such as 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), and Sunrise Nutrachem (China).

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