DUBLIN, June 10, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/37gwlz/feed_amino_acids) has announced the addition of the "Feed Amino Acids Market by Livestock, by Amino Acid, by Geography - Global Trends & Forecasts to 2018" report to their offering.
The market for feed amino acids is estimated to reach $5,729.0 million by 2018, with a projected CAGR of 5.4% from 2013 to 2018. They are compounds that are combined with basic feed mix to improve the productivity of animals. These act as building blocks for proteins in the body, thus improving the growth rate of the animals. This helps the farmer, in a long run, to bring down feed costs as less feed is required to provide the same amount of nutrient to the animals. A variety of feed amino acids are available, which are used in different concentrations depending upon the environmental factors and the type of feed. The type of acid that is most commonly used in feed grade of animals is lysine.
Asia-Pacific is the largest consumer of feed amino acids in the world. The growth observed was found to be particularly high in emerging countries such as China, India, and Brazil, due to industrialization and rising protein and meat consumption. U.S. is the largest market in North America segment.
The feed amino acids market is growing steadily due to the global increase in demand for protein-rich foods such as dairy and meat. The other driving factors for the market are the increasing awareness among animal breeders regarding the role of these acids in increasing the productivity of their livestock and also reducing the total feed requirement. The restraining factor for the market is the development of other sources of proteins. However, new technology in the segments, such as by-pass amino acids being used in cattle feed, provides future opportunities to the market.
Key participants in the global feed amino acids market include Evonik (Germany), Cargill, Inc. (U.S.), Ajinomoto (Japan), Cheil Jedang (South Korea), and Kemin Europa (U.S.). The market is witnessing rapid developments in the areas of product innovation and new technologies, with a focus on increasing efficiency in livestock production. Leading companies are focusing on expansion of the business across regions and setting up new R&D centers for carrying out extensive research. Large amount of investments are made by European companies in the Asia-Pacific region to set up new production units to cater to the rising demand in Asia.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Feed Amino Acid Market, By Livestock
6 Feed Amino Acids Market, By Amino Acid
7 Feed Amino Acids Market, By Geography
8 Competitive Landscape
9 Company Profile
- Adisseo France Sas
- Ajinomoto Co. Inc.
- Archer Daniels Midland Company
- Cargill, Incorporated
- Cheil Jedang
- Evonik Industries Ag
- Kemin Europa
- Novus International, Inc.
- Phw Group
- Royal Dsm N.V.
For more information visit http://www.researchandmarkets.com/research/37gwlz/feed_amino_acids
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SOURCE Research and Markets