Feed Amino Acids Market Size By product (Lysine, Tryptophan, Glutamic Acid, Threonine, Valine, Arginine, L-Histidine, L-Isoleucine, Leucine, Phenylalanine), By Application (Cattle, {Dairy, Beef, Calf}, Swine {Sow, Piglet, Others}, Poultry {Broilers, Layers, Turkey}, Aquaculture {Salmon, Trout, Shrimp, Others}, Pet food {Dog, Cat, Others}), COVID-19 Impact Analysis, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2023-2032
Feed Amino Acid Market is expected to grow considerably during 2023–2032 owing to the rising use of amino acids in increasing the performance and health of animals and the profitability of farmers. Amino acids are essential components of body proteins and are also involved in a number of crucial biochemical and metabolic processes in animal cells. Amino acids also play a key role in the productivity of farm animals, from growth to production and reproduction, and can considerably increase a farm's profitability.
Besides, increasing concern and awareness regarding livestock health and an attempt to reduce disease outbreaks will empower farmers to emphasize meat safety and quality, thus creating several opportunities for amino acid in the animal nutrition industry.
Key players operating in the feed amino acid industry are incorporating strategic initiatives such as partnerships, mergers and acquisitions, and new product launches to strengthen their presence in the market. To cite an instance, in January 2023, Mintec acquired AgriBriefing, a leading global provider of agricultural analytics, commodity pricing benchmarks, and market data. This newly acquired entity will now boast of a broad portfolio of feed-to-food commodity prices, cost modeling tools, forecasts, and fundamental market data, with plans to serve around 5,000 customers in 50 countries.
Overall, the feed amino acids industry is segmented in terms of product, livestock, and region.
Based on the product, the tryptophan segment is expected to depict 9% CAGR through 2032. The segmental expansion can be credited to the several benefits of tryptophan, such as improving growth performance, reducing stress, regulating insulin, synthesizing muscle protein, and improving meat quality.
By livestock, the cattle segment is projected to be valued at over USD 3.2 billion during the estimated timeframe as amino acids improve the fertility in cattle, thereby supporting the healthy growth of calves and reducing the cases of chronic illnesses. In addition, more dietary protein and better amino acid composition can significantly boost milk output in cattle and sheep, further assisting segmental growth.
In terms of the regional context, the Europe feed amino acid industry will showcase an upward trend owing to constantly changing preference for ready-to-eat foods and the thriving fast-food industry. The rising adoption of pets will also act as a key parameter driving the demand for amino acids in the pet food industry. As per the European Pet Food Industry Federation, the pet ownership in EU has grown to a whopping 90 million, implying that 46% of European households owe a companion animal.
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