, February 16, 2018 ) North America Feed Amino Acids Market
was worth $3.32 billion in 2016 and estimated to be growing at a CAGR of 6.31%, to reach $4.51 billion by 2021. The market is showing a significant potential in the mentioned forecast period. The North America Feed Amino Acids Market has been growing with the increase in the demand of livestock derived products. The breeders have been taking more interest in the market and with their will to increase their profitability, they have led the market to showcase significant growth in the years to come.
Feed amino acids are basically used as additives in feed for various types of livestock. They have been used to increase the productivity of the livestock, so that it can meet the always rising demand for animal products. Apart from this, the nutritional value of Amino Acids helps in avoiding various health problems such as fatigue, autism, allergies, dermatitis etc.
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The increasing feed costs and rise in the demands for meat and dairy products have fuelled the growth of North America Feed Amino Acids Market. Other factors driving the market for Feed Amino Acids include expansion of animal meat market, Industrialization of livestock industry and livestock disease outbreak fuelling the additives market. Besides the drivers, the North America Feed Amino Acids Market also faces certain challenges and restraints as well, some of these include availability of alternative protein sources, price volatility of Agri-commodities, competition for raw materials with other industries and Regulatory framework. These few factors have been holding the market back from reaching its potential.
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The North America Feed Amino Acids Market is segmented on the basis of livestock and amino acids. Based on livestock the market is segmented into swine, cattle, poultry, aquaculture and other livestock. According to Amino Acids the segmentation is done under Tryptophan, lysine, Methionine, Threonine, and others. Lysine holds the largest market share in the amino acids segmentation and is expected to stay the same in the coming years. Under livestock segmentation, poultry accounts for the highest share in the market due to the adoption of intensive farming system more than in any other segment. On the basis of geographical analysis, the North America market is segmented under two countries namely United States and Canada.
Some of the key players of the North America Feed Amino Acids Market include Archer Daniels Midland Company, Royal Dsm N.V., Adisseo France Sas, Novus International Inc, Cheil Jedang, PHW Group, Cargill Inc, Evonik Industries Ag, Kemin Europa, Ajinomoto Co. Inc.
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