Lysine Market Size, Share, Growth Analysis, By Source(Plant-Based and Animal-Based), By Application(Animal Feed, Pharmaceuticals, Personal Care, and Others), By Region - Industry Forecast 2024-2031

Lysine Market size was valued at USD 1881.25 Million in 2022 and is poised to grow from USD 2016.7 Million in 2023 to USD 3517.23 Million by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).

The lysine market is highly competitive, with several regional and international players operating in the market. The market is characterized by the presence of a large number of players, offering similar products and services, which has intensified the competition in the market. The players in the market are focusing on product innovation, expanding their production facilities, and enhancing their distribution channels to gain a competitive advantage in the market. Additionally, partnerships, collaborations, and acquisitions have become a popular trend in the market, with players striving to expand their market share and increase their customer base. The intense competition in the market is expected to continue in the coming years. 'Ajinomoto Co., Inc. (Japan)', 'Archer Daniels Midland Company (US)', 'CJ CheilJedang Corp. (South Korea)', 'Evonik Industries AG (Germany)', 'Bio-Chem Technology Group Co., Ltd. (Hong Kong)', 'Prinova Group LLC (US)', 'Yichang Sanxia Pharmaceutical Co., Ltd. (China)', 'Shandong Shaouguang Juneng Golden Corn Co., Ltd. (China)', 'Meihua Holdings Group Co., Ltd. (China)', 'COFCO Biochemical (Anhui) Co., Ltd. (China)', 'Parry Enterprises India Limited (India)', 'Changchun Dacheng Biochemical Co., Ltd. (China)', 'Honliv Group Co., Ltd. (China)', 'Ningxia Eppen Biotech Co., Ltd. (China)', 'ADM Animal Nutrition (US)', 'Henan Lotus Flower Gourmet Powder Co., Ltd. (China)', 'Chongqing Unisplendour Chemical Co., Ltd. (China)', 'COFCO Biochemical (Zhaodong) Co., Ltd. (China)', 'Xinjiang Fufeng Biotechnologies Co., Ltd. (China)', 'Sunhy Group (China)'

One of the major drivers of the lysine market is the increasing demand for protein-rich food and animal feed, particularly in developing regions such as Asia Pacific and Latin America. As the population continues to grow and urbanize, the demand for animal-based protein products such as meat, eggs, and dairy is increasing. Lysine is a crucial ingredient in animal feed, as it helps to promote growth and improve the overall health of animals. This growing demand for animal feed is driving the demand for lysine, presenting significant opportunities for market players to expand their production capacities and launch new products.

One key market trend in the lysine market is the growing demand for lysine as a feed additive for livestock and poultry. Lysine is an essential amino acid that is required for optimal animal growth and development. With increasing demand for animal protein, there has been a corresponding rise in demand for lysine in animal feed formulations. Moreover, the increasing popularity of plant-based diets for humans has led to a higher demand for lysine in the production of plant-based protein alternatives, such as pea protein and soy protein. Technological advancements in lysine production and the emergence of new lysine sources are also expected to drive market growth in the coming years.

North America dominated the market. The region is dominated by the United States, which is the largest producer and consumer of lysine in the world. The market is driven by the increasing demand for animal feed, pharmaceuticals, and personal care products. The animal feed industry is the primary driver of the lysine market in North America. The demand for lysine in animal feed is driven by the increasing demand for protein-rich animal-based products, such as meat, eggs, and dairy products, across the region. The United States is the largest producer of meat in the world, and the demand for lysine in animal feed is expected to increase significantly in the coming years due to the rising population and changing dietary habits. The pharmaceutical industry is also a significant driver of the lysine market in North America. The demand for lysine in the pharmaceutical industry is expected to increase in the coming years due to the growing demand for dietary supplements and functional foods. The personal care industry is a relatively small but growing application segment in the lysine market in North America. Lysine is used in personal care products such as shampoos, conditioners, and skin care products. The demand for lysine in the personal care industry is driven by the increasing demand for natural and organic personal care products in the region. In terms of production, the United States dominates the lysine market in North America. The country is home to several major lysine producers, including Ajinomoto Animal Nutrition, Evonik Industries, and Archer Daniels Midland Company. These companies are investing heavily in research and development to develop new and innovative lysine products to meet the growing demand from various industries.