PUBLISHER: Grand View Research | PRODUCT CODE: 1575140
PUBLISHER: Grand View Research | PRODUCT CODE: 1575140
The global lysine market size is expected to reach USD 2.18 billion by 2030 growing at a CAGR of 8.2% from 2024 to 2030, according to a new report 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 82.7% of total market volume in 2023. Along with being the largest market, animal feed is also expected to be the fastest growing application segment for lysine during forecast period.