Lysine Market Accounted At USD 6.96 Billion By 2020: Grand View Research Inc.
San Francisco, 6 December 2019: The Report Lysine Market Size, Share & Trends Analysis Report By Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), By Livestock (Swine, Poultry), And Segment Forecasts, 2012 – 2020 The global market for lysine is expected to reach USD 6.96 billion by 2020, according to a new study by Grand View Research, Inc. Positive outlook on animal feed demand to cater to growing meat consumption, especially in emerging markets of Latin America and Asia Pacific is expected to be a key market driver. Limited availability of major feedstock is expected to hamper the market growth over the forecast period Animal feed emerged as the largest application segment for lysine and accounted for 92.4% of total market volume in 2013. Along with being the largest market, animal feed is also expected to be the fastest growing application segment for lysine at an estimated CAGR of 6.2% from 2014 to 2020. ...