Global L-Lysine Sulfate (CAS 60343-69-3) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global L-Lysine Sulfate (CAS 60343-69-3) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Lysine is a restrictive amino acid that can be used for nucleic acid synthesis, hydrocarbon metabolism, and the production of antibodies, hormones and fermentation products. It is used to balance Lysine in the nutrition plan of domestic pigs and birds.

L-Lysine Sulphate is produced by microbial fermentation with the addition of acid sulphate during production. L-Lysine Sulphate can replace traditional L-Lysine HCl as a feed additive, getting the same results in effectiveness of diet, digestibility coefficient, and accumulation of relative biological values (BV).

Market Overview:

The latest research study on the global L-Lysine Sulfate (CAS 60343-69-3) market finds that the global L-Lysine Sulfate (CAS 60343-69-3) market reached a value of USD 921.97 million in 2022. It’s expected that the market will achieve USD 1457.8 million by 2028, exhibiting a CAGR of 7.94% during the forecast period.

Influence of COVID-19 Outbreak on L-Lysine Sulfate (CAS 60343-69-3) Industry Development

More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

Strength

Compared with the production of lysine hydrochloride, the production process of L-lysine sulfate solves the problems of large sewage discharge and heavy environmental pollution. The production process of L-lysine sulfate has greatly reduced environmental pollution, and the sewage has been reduced by 920%, basically achieving clean production. In aquaculture, L-lysine sulfate is superior to lysine hydrochloride. L-lysine sulfate significantly saves the product cost of feed manufacturers. L-lysine sulfate will play a great role in promoting the sustainable development of animal husbandry and feed industry.
Weakness
L-Lysine sulfate is very hygroscopic, which makes the water content too high (e.g., greater than 3%). Such high product humidity can easily cause the product to agglomerate and is difficult to store. Especially when it is stored for a long time, it is prone to mold, which is not allowed even when it is used as feed with lower safety requirements. In addition, in the breeding industry, the use of L-lysine sulfate as a daily feed will cause the laying rate of laying hens to decrease and increase production costs. Feed import restrictions and trade barriers in some countries have also restricted the development of the L-lysine industry.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Meihua Group, EPPEN Biotech, Gold Corn, Evonik and CJ (China) are the five key players in the global L-Lysine Sulfate (CAS 60343-69-3) market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global L-Lysine Sulfate (CAS 60343-69-3) market in the past 5 years.

Meihua group is a world advanced supplier for amino acid nutrition and health solution which can provide many famous clients from more than 100 countries and regions with various kinds of amino acid products and application solution. The headquarters is located in Langfang City, Hebei province. It is one of the manufacturers with the most comprehensive categories of amino acids and the largest output. In biological fermentation industry, Meihua group has most complete and longest industrial chain and supporting facilities, so that it can flexibly satisfy different client from all over the world with differentiated demand and pursuit for rapid innovation through research, production, supplying and sales service. It is dedicated in building high-end industry platform for biological fermentation and biological pharmacy.

Eppen Biotech Co., Ltd. is divided into 3 departments: animal nutrition, food additives and condiments, plant nutrition and fertilizers. In animal nutrition division, the main products are feed additives like lysine, threonine, tryptophan and valine. In food division, the main products are monosodium glutamate, chicken essence, compound seasoning, etc. In plant nutrition division, the main products are organic fertilizer, compound fertilizer, soil conditioner, etc. The products exports to more than 50 countries and regions.

Segmentation Overview:

Among different product types, L-Lysine Sulphate 70% segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Feed Industry segment occupied the biggest share from 2018 to 2022.

Key Companies in the global L-Lysine Sulfate (CAS 60343-69-3) market covered in Chapter 3:

CJ (China)
Chengfu Group
NB Group Co, Ltd
EPPEN Biotech
Others
Agrolife GmbH
Newseed Chemical Co, Limited
Evonik
Gold Corn
Global Bio-chem Technology Group Company Limited
Dongxiao Biotech
Meihua Group

In Chapter 4 and Chapter 14.2, on the basis of types, the L-Lysine Sulfate (CAS 60343-69-3) market from 2018 to 2029 is primarily split into:

L-Lysine Sulphate 65%
L-Lysine Sulphate 70%
L-Lysine Sulphate 80%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the L-Lysine Sulfate (CAS 60343-69-3) market from 2018 to 2029 covers:

Feed Industry
Food Industry
Pharmaceutical Industry

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)