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Showing posts from May, 2021

ASF and COVID-19 have Negatively Impacted the Global Demand for Amino Acids during 2019-2020

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Industry Experts, Inc published an updated and comprehensive report on Amino Acids. This new 2021 edition of market research report entitled " Global Amino Acids Market – Products and Applications " reveals that the Asia-Pacific market accounts for a lion’s share of global Amino Acids market with 60% in terms of volume and about 48% in terms of 48% in 2020. Over the forecast period global demand for amino acids is projected to register a healthy CAGR of 5%, manly driven by above average growth in animal feed sector and sustained growth in nutraceutical and pharmaceutical sectors. Animal feed constitutes the largest, and the fastest growing application for amino acids globally. The global volume consumption of amino acids in animal feed and nutraceutical applications is projected to grow with corresponding CAGRs of 6.1% and 5.5% respectively. Cornering an estimated share of 53.7% in 2020, the global value market for Amino Acids is the largest for Animal Feed applicatio...

Global Demand for Select Specialty Chemicals Market to Exceed $1 Trillion by 2026 - Market Research Report (2020-2026) by Industry Experts, Inc.

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Industry Experts released an updated 2021 version of the report " Select Specialty Chemicals Applications – A Global End-Use Industry Analysis ". This new version of market research report reveals that Asia-Pacific is expected to witness the fastest growth during the 2020-2026 analysis period, owing to the robust growth in Engineering Thermoplastics, Nutraceutical Ingredients and Electronic Chemicals growing by over 7% CAGR. The region also withstands pandemic impact with a positive growth in 2020. The specialty chemicals industry constitutes a fundamental component of a number of global value chains, because of which it has a crucial role to play in achieving sustainability. This has become even more significant in the face of the COVID-19 pandemic that the world is confronting, prompting the sector to invest heavily in stimulus packages. Accounting for a share of 44.2% in 2020, Cereals & Grains consume the largest quantity of Agrochemicals worldwide, the demand for w...

Global Feed Amino Acids Industry | ASF and COVID-19 Impact - Market Analysis by Industry Experts, Inc

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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...