(Entertainment-NewsWire.com, October 24, 2017 ) In 2012, the global amino acid market was valued around USD 15.23 billion and is anticipated to reach approximately USD 31.77 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 6.84% during the forecast period owing to increasing consumption of meat together with increased production of livestock such as cattle, swine, and broiler. This trend is anticipated to remain as a major factor driving the market growth during the next few years. Lysine, threonine, methionine, and tryptophan are extensively utilized in animal feed additives since they are necessary for regulating all metabolic processes and good health. Animal feed helps in appropriate weight gain and faster growth of the livestock. Rising consumption of meat as a protein source around the globe is intended to influence the global market growth positively.
Major Key Player Cargill Inc. Ajinomoto Co. Inc. Evonik Industries AG Prinova U.S. LLC Royal DSM ADM.
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