Bio-based Lysine Market
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Bio-based Lysine Market Size and Growth
The Bio-based Lysine market is experiencing robust growth, driven by rising demand in animal nutrition and sustainable practices. The market size is projected to reach USD 1.1 billion by 2028, reflecting a CAGR of 7% from 2023. Increasing consumer preference for eco-friendly products further fuels this expansion.
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Companies Covered
(Covid 19 Impact Covered)
◍ Global Biotech
◍ Evonik/RusBiotech
◍ Fengyuan Group
◍ Draths
◍ Ajinomoto
◍ MeiHua Holdings Group Co.
The bio-based lysine market is competitive, with key players like Global Biotech, Evonik/RusBiotech, Fengyuan Group, Draths, Ajinomoto, and MeiHua Holdings driving growth through innovation and sustainability initiatives. Their contributions enhance market adoption, improving production processes and expanding applications in animal feed and nutrition.
- Ajinomoto reported sales revenues of approximately $10 billion.
- Evonik generated around $15 billion in annual sales.
- MeiHua Holdings' revenue was approximately $3 billion.
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Market Segmentation
By Application
Food
Pharmaceutical
Feed
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By Product
Crop Raw Materials
Biofermentation
Market Growth
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$ X Billion USD
