The North America Feed Amino Acids Market size was valued at USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031 expanding at a CAGR of 5.6% during 2023 – 2031. The growth of the market is attributed to increasing preference for animal-sourced protein.
Amino acids are an important additive to enhance the quality and productivity of animal products and consequently for the growing meat industry. They are the building blocks of proteins, nutrients, and polypeptides that are majorly used for increasing animals weight, muscles, and tissues.
Eating plants are the main source of amino acids for animals. 10 different amino acids are found in animals’ body that depends on the species and growth stage of animals. Feed amino acids help in maintaining reproduction and lactation of animals.
Market Trends, Drivers, Restraints, and Opportunities
- Rising feed production is projected to boost the market growth in the coming years.
- Increasing consumption of fortified food and supplements is anticipated to drive the market growth during the forecast period.
- Growing risks of various diseases is projected to boost the market growth in the coming years.
- Rising demand for high quality milk, eggs, and meat is anticipated to drive the market growth during the forecast period.
- Increasing demand for nutritional supplement for monogastric animals is anticipated to drive the market growth during the forecast period.
- Growing livestock production is projected to boost the market growth in the coming years.
- Increasing awareness among consumers regarding the benefits of nutritional supplements in monogastric animals is projected to boost the market growth in the coming years
- High cost of raw material and processing is projected to hamper the market growth.
- High cost encored with the natural vitamins is estimated to restrict the market growth.
- Rising cost of natural feeds has led to new opportunities in the market growth.
Scope of North America Feed Amino Acids Market Report
The report on the North America feed amino acids market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Feed Amino Acids Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Tryptophan, Lysine, Methionine, Threonine, and Others) and Animal Types (Ruminants, Poultry, and Swine)
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Geographical Scope
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The US, Canada, Mexico, and Rest of North America
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Bluestar Adisseo; Archer Daniels Midland Company; Evonik Industries; and Sumitomo Chemical Company Limited
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North America Feed Amino Acids Market Segment Insights
Lysine segment to hold a significant market share
On the basis of types, the market is divided tryptophan, lysine, methionine, threonine, and others. The tryptophan segment is expected to hold a key share of the market in the coming years due to rising demand for animal nourishment.
Tryptophan is found in egg, chicken, soy, tofu, milk, and turkey. Moreover, it also provides relief from anxiety and depression. However, the lysine segment is anticipated to expand at a rapid pace during the forecast period due to high used in the cattle-breeding sector.
Poultry segment is anticipated to hold a large market share
Based on animal types, the market is segmented into ruminants, poultry, and swine. The ruminants segment is projected to constitute a major market share during the forecast period. On the other hand, the poultry segment is anticipated to expand at a rapid pace due to rising consumption of chicken across the globe.
Mexico is estimated to account a major market share
On the basis of geography, the market is classified as United States, Canada, Mexico, and Rest of North America. The US is expected to constitute a significant share of the market during the projected period owing to changing demographics and consumption of animal-sourced protein. However, the market in Mexico is anticipated to expand at a rapid pace during the forecast period due to increasing disposable income level and demand for protein-rich food.
Segments
The North America feed amino acids market has been segmented on the basis of
Types
- Tryptophan
- Lysine
- Methionine
- Threonine
- Others
Animal Types
Geography
- The US
- Canada
- Mexico
- Rest of North America
Key Players
Competitive Landscape
Key players competing in the North America feed amino acids market includes Bluestar Adisseo; Archer Daniels Midland Company; Evonik Industries; and Sumitomo Chemical Company Limited.
Some of these players are engaging in business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market share.
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