Asia-Pacific Projected to Lead Global Feed Amino Acids Market as Largest and Fastest Growing with CAGR of 8% and Reach 7.3 million MTs by 2026 – Market Research Report (2020-2026) by Industry Experts, Inc.
Tuesday 04 May 2021
Industry Experts, Inc. released an updated 2021 version of the market research report "Feed Amino Acids – A Global Market Overview". The new version of the report reveals that Impact of COVID-19 pandemic on feed amino acids volume demand was evident across all regions during 2019-2020 period with Europe growing only by 2.5% year-over-year (YOY), North America with 3% YOY growth in 2020 while Asia-Pacific is the only exception witnessing a considerable YOY growth.
Amid the impact of African Swine Fever (ASF) in Asia-Pacific region, demand for feed amino acids was sluggish in 2019, where demand in Asia-Pacific region was flat with a YOY growth of just 0.9%. A new wave of ASF outbreak in Europe coupled with global COVID-19 pandemic have impacted the global demand for feed amino acids with a moderate growth confined at 3.9% YOY by volume and just 1.7% YOY by value in 2020.
Poultry feed constitutes the largest consumer of feed amino acids globally with 2020 consumption volume share of 44.4%, which is slated to compound annually at 6.5% over 2020-2026 in reaching a projected 3.3 million metric tons by 2026. Swine feed is the second largest consumer of feed amino acids with a share of 37.1% while Aqua feed is anticipated to register the fastest similar period CAGR of 9.9% and reach a projected 67 thousand metric tons by 2026.
This global report analyzes feed grade amino acids comprising L-Lysine, Methionine, L-Threonine, L-Tryptophan, L-Valine and Glycine. The study also analyzes the animal feed types, in which feed grade amino acids are widely used, including Swine Feed, Poultry Feed, Ruminants Feed, Aqua Feed and Other Animal Feed. The global markets for the above-mentioned feed amino acids types and feed types are analyzed in terms of volume in metric tons and value in USD for 2017-2026 analysis period.
The global market for feed amino acids is segmented into five regions namely, North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 18 independent countries across North America – United States, Canada and Mexico; Europe – France, Germany, Italy, Netherlands, Poland, Russia, Spain and United Kingdom; Asia-Pacific – China, India, Indonesia, Japan and South Korea; South America – Brazil and Argentina. The market is analyzed in these major regions by key countries, by feed grade amino acid types and by feed types in terms of both volume and value.
This 318 page global feed amino acids market report includes 320 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 18 key global players and 56 major players across North America – 12; Europe – 9; Asia-Pacific – 33 and South America – 2. The research also provides the listing of the companies engaged in manufacturing and supply of feed grade amino acids. The global list of companies covers the address, contact numbers and the website addresses of 219 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused business information provider.
For more details, please visit: https://industry-experts.com/verticals/food-and-beverage/feed-amino-acids-a-global-market-overview