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New Revenue Pockets: Feed Amino Acids Market
The feed amino acids market is a growing market and the companies are going for expansion of their business as their growth strategy. Lysine is considered as a main type of feed amino acid. Lysine and methionine are the popular feed amino acids. Companies involved with feed amino acids such as Ajinomoto (Japan), Kemin Europa (U.S.), and Cargill, Inc. (U.S.), are expanding their business by adopting new technologies to enhance their production and meet the increasing demands of the market.
Feed amino acids play a vital role in animal feed. They act as building blocks for proteins in the body and thus help to improve the productivity of animals. Companies are adopting new technologies, which are used for the manufacture of feed amino acids. These benefits of feed supplements have led to development of the livestock industry, and consequently the meat processing industry. Companies such as Evonik (Germany) and Adisseo France SAS (France) are focusing on developing their feed amino acid segment by adopting the expansion strategy. This has intensified the growth of the integrated value chain in the respective companies.
With the development being observed in the livestock industry and industrialization of the poultry meat and pork production sectors, feeding livestock with feed grades is becoming a largely adopted practice. However, the recent developments of substitute products for proteins may prove to be a hindrance to the growth of the industry. The global increase in demand for protein-rich dairy and meat products is the biggest driver for the feed amino acid industry.
Feed Amino Acids Market by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Amino Acid (Tryptophan, Lysine, Methionine, Threonine & Others), by Geography - Global Trends & Forecasts to 2018
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