Asia-Pacific Dominates Feed Amino Acids as Largest and Fastest Growing Market Worldwide with 2.8 Million Metric Tons, translating to $5.5 Billion by 2022
Industry Experts, Inc. appended a new market research report " Feed Amino Acids – A Global Market Overview " to their amino acids report series. Asia-Pacific is the world’s largest volume market for feed amino acids, estimated at 1.8 million metric tons (40.7% share) in 2017, which is also likely to record the fastest 2017-2022 CAGR of 8.5% in reaching a projected 2.8 million metric tons by 2022. Animal feed industry is the largest consumer of amino acids globally. Amino acids such as L-lysine, methionine, L-threonine, L-tryptophan and L-valine improve the nutritional quality of animal feeds by supplying essential amino acids that may be in low abundance in crude protein. In the field of compound feed production for livestock, feed amino acids are considered as indispensable ingredients which optimize the balance of amino acids in feed formulas, thus meeting objectives of performance, cost reduction and reduction of nitrogen excretion in to the environment. Consumption o...