Amino acids these days are used for a wide variety of functions in animal feed. New technology advancements have promoted large scale production making it more economical and thereby increasing its usage. Amino acids are the building blocks of proteins wherein animals rely on such supplements for their body maintenance, reproduction, and growth.
These benefits of amino acid are driving the market demand in the feed industry. Tryptophan, methionine, lysine, and threonine are some of the amino acids of which lysine is the dominant amino acid in 2013. The market of methionine is smaller as compared to lysine and is growing at a CAGR of 5.7 per cent (2013-2018).
The feed amino acids market is projected to reach $5,729 million by 2018. The report analyzes the market with respect to the main geographical regions. It provides a comprehensive analysis of the feed amino acids market. The feed amino acids market is categorized by amino acid, by livestock, and geography.
The report also profiles key players of the feed amino acids market. The feed amino acids market is currently dominated by a few large players such as Cargill, Inc (US), Evonik Industries (Germany), Ajinomoto (Japan), and Adisseo France SAS (France).
Apart from these, there are a number of international and local players producing feed amino acids.
The report also gives an insight into the various strategies adopted by the leading companies, their SWOT analyses, and also tracks their developments. The key players are using their capabilities to set up new plants and expanding their capacities around the world and are launching new products to strengthen their product portfolio.