Lysine Market Size To Reach $2.18 Billion By 2030 | CAGR 8.2%

Lysine Market Growth & Trends

The global lysine market size is expected to reach USD 2.18 billion by 2030 growing at a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Positive outlook on animal feed demand to cater to growing meat consumption, especially in emerging markets of Latin America and Asia Pacific is expected to be a key market driver. Limited availability of major feedstock is expected to hamper the market growth over the forecast period.

Animal feed emerged as the largest application segment for lysine and accounted for 827% of total market volume in 2023. Along with being the largest market, animal feed is also expected to be the fastest growing application segment for lysine during forecast period.

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Lysine Market Report Highlights

• Animal feed dominated the market with 82.7% of the share in 2023 owing to the growing demand for nutrient-rich food products.

• The powder segment dominated the market with a substantial share in 2023. The market witnessed an increase in demand for finely milled and powdered lysine as it is versatile for various applications

• The Asia Pacific lysine market accounted for 39.6% of the market share in 2023 owing to rapid urbanization and surging meat consumption

Lysine Market Segmentation

Grand View Research has segmented the lysine market on the basis of application, form and region:

Lysine Application Outlook (Revenue, USD Million, 2018 - 2030) (Volume in Kilotons)

• Animal Feed

• Food & Dietary Supplements

• Pharmaceuticals

Lysine Form Outlook (Revenue, USD Million, 2018 - 2030) (Volume in Kilotons)

• Powder

• Liquid

• Granules

Lysine Regional Outlook (Revenue, USD Million, 2018 - 2030) (Volume in Kilotons)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • South Africa

List of Key Players in Lysine Market

• Global Bio-chem Technology Group Company Limited

• Ajinomoto Co. Ltd.

• Cheil Jedang Corp

• ADM

• Evonik

• COFCO Biochemical

• Juneng Golden Corn Co. Ltd.

• changchun dacheng industry group co.,ltd

• KYOWA HAKKO BIO CO., LTD.

• Cargill