Lysine, Methionine Market – Global Industry Analysis Report, Share, Size, Growth, Price Trends and Forecast, 2016 – 2023: Global Market Insights Inc. Global lysine market size in animal nutrition market was estimated at over 1.9 million tons in 2014 and is likely to reach over 3 million tons by 2023. Revenue is likely to grow with an estimated CAGR of over 6%, to exceed USD 6.8 billion by 2023. Swine was the largest application consuming lysine in the animal nutrition market and accounted for more than 55% of the total volume in 2014. Swine application is likely to worth more than USD 2 million with estimated gains of CAGR over 8% up to 2023. Poultry applications were the second largest and are likely to witness significant gains up to 2023. Global methionine market size in animal nutrition industry was estimated at over 1 million tons in 2014 and is likely to surpass 1.6 million tons by 2023 with growth rates over 6.2% from 2016 to 2023. Methionine market in animal nutrition segment is likely to be worth more than USD 1.6 billion by 2023. These two products together account for a significant chunk of the amino acids market and the animal feed additives market.
Poultry application was the dominant for methionine consumption and accounted for more than 70% of the total volume in 2014. This application is likely to register more than USD 1.9 billion by 2023 with estimated gains of a CAGR above 6.5% from 2016 to 2023. Increase in livestock production owing to growing meat consumption particularly in emerging economies of Latin America and Asia Pacific is likely to drive growth. Lysine and methionine are widely used amino acids for animal nutrition. These amino acids help livestock to gain appropriate weight and regulate metabolism. Growing industry awareness regarding benefits of using amino acids as feed additives coupled with increasing chances of disease outbreak is likely to favor growth. These are used as feed additives to provide nutrition to animals for meat consumption such as broiler, swine, cattle and turkey. Due to recent epidemic outbreaks, the quality of meat has become an important issue worldwide, especially in North America and Europe. The awareness among consumers preferring extrinsic quality attributes of meat has increased, affecting the meat market globally. For example, in 2009, nearly 30% of the poultry meat sales dropped in Malaysia because of bird flu which led to 5% GDP loss in the U.S. economy for the same year. 1|Page