Animal Feed Amino Acids Market Poised to Expand at a Robust Pace Over 2019-2027
Animal Feed Amino Acids Market: Introduction
In terms of value, the global animal feed amino acids market is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Amino acids are the building blocks of polypeptides and proteins that are key components of animal tissues and muscles. Amino acids form significant components in fluids such as milk. Amino acids also play an important role in several metabolic and biochemical processes in cells of livestock/animals. They help improve the productivity of farm animals. Composition of amino acids in feed is flexible. Therefore, it is important to monitor feedstuff quality in order to ensure that the livestock is consuming proper amount of amino acids in order to maintain their productivity and health. The demand for high nutritional content in animal feed has been increasing rapidly across the globe. This has resulted in extensive usage of various types of amino acids in feed production.
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Lack of Awareness about Product Usage to Hamper Demand for Animal Feed Amino Acids
Lack of awareness about benefits and dosage of amino acids is a major factor expected to hamper the animal feed amino acids market. Additionally, availability of cost-effective alternative protein sources for amino acids in feed production such as seaweed and soya meal is adversely affecting the adoption of amino acid-based animal feed products in various regions. Farmers also prefer traditional feeds, foods, and grass over new and efficient products. Consumption of meat (including beef and pork) is low in several countries, owing to religious or traditional values. This is another key factor estimated to hamper the global animal feed amino acids market.
Methionine to Witness Major Demand in Animal Feed Amino Acids Market
Based on product, the global animal feed amino acids market has been segregated into tryptophan, lysine, methionine, threonine, and others. The methionine segment is projected to expand at a CAGR of 5.6% during the forecast period. Methionine is primarily preferred for ruminants, swine, and poultry application segments. It is a key product used for sheep and cattle as a methyl group donor as well as precursor for cysteine synthesis. Methionine is available in two types of isomer forms: D-methionine and L-methionine. The L-methionine form is largely employed in the animal feed industry. Both these forms can be metabolized in animals by DL-racemase. DL-Methionine is manufactured through chemical synthesis from various raw materials such as hydrocyanic acid, methyl mercaptan, and acrolein.
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Ruminants to be Dominant Application of Animal Feed Amino Acids
Based on application, the global animal feed amino acids market has been divided into ruminants (cattle, sheep, and others), poultry, swine, pets, equine, aqua, and others. The ruminants segment accounted for more than 40% share of the global animal feed amino acids market in 2018. The segment has been further sub-segmented into cattle, sheep, goat, and others. Better amino acids and high number of dietary proteins are required for sheep and cattle in order to increase milk production in cows. Depending on diet, lysine and methionine are some of the important amino acids required for milk production. Methionine, isoleucine, leucine, and threonine are vital amino acids for calves. However, deficiency in these amino acids may result in delayed onset of maturity and slowdown in growth. Methionine is an essential amino acid for sheep and cattle as a methyl group donor and pioneer for cysteine synthesis.
Increase in adoption of amino acid-based animal feed in poultry and swine applications is another factor that is likely to fuel the demand for animal feed amino acids across the globe.
Asia Pacific to be Lucrative Region of Animal Feed Amino Acids Market
In terms of consumption, Asia Pacific dominated the global animal feed amino acids market in 2018. The market in the region is expected to expand at a rapid pace from 2019 to 2027. Rise in urbanization, growth in meat consumption, and strong economic growth are major macroeconomic factors projected to boost the demand for animal feed amino acids in Asia Pacific in the near future. Increase in consumption of animal feed amino acids in applications in ruminants and poultry is also expected to drive the market in Asia Pacific. Consumption of animal feed amino acids in the poultry segment in the region, particularly in India and China, is likely to rise moderately in the next few years.
In terms of consumption, Europe is anticipated to be a prominent region of the global animal feed amino acids market during the forecast period. It is estimated to be followed by Asia Pacific.
The global animal feed amino acids market was highly fragmented in 2018, with numerous manufacturers operating in the market. Archer Daniels Midland Company, Evonik Industries AG, Ajinomoto Group, Novus International Inc., Sumitomo Chemical Co. Ltd., Adisseo, Cargill, and MeiHua Holdings Group Co., Ltd. are some of the leading companies that accounted for 76% share of the market in 2018. Key players are consistently focusing on the development of high quality animal feed amino acid products in order to improve product offerings and gain competitive edge in the global animal feed amino acids market.
Key manufacturers operating in the global animal feed amino acids market include Archer Daniels Midland Company, Evonik Industries AG, Kemin Industries, Sumitomo Chemical Co. Ltd., Novus International Inc., Cargill, Adisseo, MeiHua Holdings Group Co., Ltd., Koudijs Mkorma, Europe Bio-chem Technology Group Company Limited, Shijiazhuang Donghua Jinlong Chemical Co. Ltd., and Ajinomoto Group.
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