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The market for feed amino acids is characterized by the high volatility of the global animal nutrition industry, in which various forces always drive the demand for healthy feed ingredients. Amino acids are vital molecules required for growing and maintaining animals and have an irreplaceable influence on food economics. The increasing global population, awareness of animal nutrition, and focus on livestock health and productivity are some of the primary drivers propelling growth in the feed amino acids market. The Asia-Pacific region dominates globally in terms of feed amino acids with increased modernization of livestock production systems and consumer consciousness about animal feeds. One of the major dynamics shaping this market is increasing protein-rich diets, particularly in emerging economies where there is a considerable increase in middle-class people who need more meat and dairy products, resulting in improved animal husbandry practices.
Moreover, regulatory policies and changing customer preferences also shape market conditions. There has been a shift from antibiotics to alternatives such as amino acids due to stringent regulations on their use in animal feeds to improve growth and maintain good health. Market dynamics are also influenced by changes taking place within livestock farming practices. Customized needs created as a result of intensified livestock farming and precision nutrition have necessitated specialized feed formulations as opposed to traditional ones. By contrast, while responding to various requirements of species and production systems' variations like genetic parameters, underlining specific aspects associated with performance can be integrated into the formulation of rations based on particular levels of dietary crude protein (DCP) or metabolizable energy (ME). This trend attests to how adaptable Feed Amino Acids markets are towards evolving needs across the domain.
Nevertheless, it is not all rosy in these market dynamics since there are several challenges like volatile raw material prices plus complexities surrounding amino acid productions. The cost structure for feed amino acids can be easily affected by changes in soybean meal or corn prices, especially fluctuating widely at different periods during a round cycle basis; hence, producers should maneuver through the situation. Furthermore, the amino acid production process is very complex since it depends on variables like fermentation conditions and microbial strains. In summation, thus, the Feed Amino Acids market functions within a fluctuating setting driven by various factors such as changes in regulations on animal welfare, global population growth, and changing animal husbandry practices around the world. This enhances the market's future direction because of the increasing demand for sustainable and precision nutrition diets that are rich in protein. However, price fluctuations for raw materials plus production intricacies present challenges to this dynamic.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Market Size Value In 2023 | USD 29.91 Billion |
| Growth Rate | 7.69% (2024-2032) |
Feed Amino Acids Market Highlights:
Feed Amino Acids Market Overview
Feed Amino Acids Market Size was valued at USD 29.91 billion in 2023. The Feed Amino Acids Market industry is anticipated to grow from USD 32.01 billion in 2024 to USD 57.92 billion by 2032, exhibiting a CAGR of 7.69% during the forecast period (2024-2032).
The feed amino acids market is expected to grow significantly during the forecast period due to the rising consumption of animal meat. Amino acids are the building blocks for proteins and substrates for synthesis of low molecular weight substances. Essential amino acids, such as lysine and tryptophan, participate in cell signaling, gene expression, and metabolic regulation in animals. Thus, amino acids in feed are considered to be more vital than just protein involvement in an animal diet.
Amino acid deficiency in animals can weaken their immune system. Feed formulated with amino acid help in reducing emission of nitrogen from animal manure, thereby, creating a healthy environment; thus, acting as a key market driver. The factors that affect the level of amino acid content in animal feed are animal species and breed, age, gender, physical activity, body protein formation level, and health status, among others. Other factors boosting the growth of feed amino acids industry include improved efficiency of nutrients, along with growth, development, reproduction, lactation, and well-being in animals. Due to such factors, poultry owners and cattle raisers are creating a huge demand for amino acids in animal feed.
Feed Amino Acids Market Segmentation
The feed amino acids market has been segmented into type, livestock, form, and region.
The market based on type has been segmented into lysine, methionine, threonine, tryptophan, and others.
The market has been segmented by livestock into ruminants, poultry, swine, aquaculture, and others.
The market has been segmented by form into dry and liquid.
The market has been segmented, by region, into North America, Europe, Asia-Pacific, and Rest of the World. The feed amino acids market in North America has further been segmented into the US, Canada, and Mexico.
The European market has been classified into Germany, France, the UK, Italy, Spain, and Rest of Europe.
The market in Asia-Pacific has been segmented into China, India, Japan, Australia & New Zealand, and Rest of Asia-Pacific. The market in Rest of the World has been segmented into South America, the Middle East, and Africa.
Recent Development
On July 13, 2023, CJ CheilJedang announced that its feed amino acid brand, Best Amino, has been selected as one of the Top 100 Global New Brands of 2023 by Clarivate Analytics, a global information service company. It is the only brand providing all feed amino acids produced using microbial fermentation technology.
Best Amino is recognized for its leading position in the global amino acid market. The company currently owns the world's largest feed amino acid portfolio with eight types, including lysine, methionine, threonine, and tryptophan, with tryptophan ranked first in the global market.
Mar.10, 2023, Corteva Inc. and Bunge announced their partnership to develop amino acid-enhanced soybeans. These companies are looking to boost the nutrition profile of soybean meal for poultry, swine, and aqua feed. They have significantly advanced in developing more nutritious soybean meal for the animal feed industry. This multi-year collaboration to develop and commercialize soybean varieties will enable feed compounders to reduce their carbon footprint by minimizing the synthetic additives use and lower costs.
On Feb.03, 2023, Farmers Business Network (FBN) and Boveta Nutrition, LLC, announced results from an FBN-managed independent study, trailing the partnership's amino acid balancing program. The farm managers believe the health of the cattle on the program and overall performance have improved significantly.
On Nov. 11, 2021, Kansas State University researchers announced the completion of work indicating that increased levels of a common feed-grade amino acid can significantly improve growth in swine herds. In its 43-day trial involving 912 pigs, researchers tested varying levels of feed-grade amino acids with L-lysine added to the late nursery and growing pigs' diet.
On July 06, 2021, Evonik published a comparative life cycle assessment (LCA), demonstrating the ecological advantages of using its feed amino acids and feeding solutions compared with common animal nutrition practices.
The animal nutrition business is part of Evonik's life sciences division, nutrition, and care. It develops sustainable solutions for a better life for people and animals. The company is concentrating all its knowledge and experience on developing targeted system solutions to meet the challenges of times.
Key players
Archer Daniels Midland Company (US), Sumitomo Corporation (Japan), Evonik Industries AG (Germany), CJ CheilJedang Corp. (South Korea), Ajinomoto Co.,Inc. (Japan), Bluestar Adisseo Co., Ltd. (France), Phibro Animal Health Corporation (US), Meihua Holdings Group Co., Ltd. (China), Kemin Industries, Inc. (US), Global Bio-chem Technology Group Company Limited (China), Novus International (US), and Sunrise Nutrachem Group (China) are some of the key players in the global market.
Regional Market Summary
Global Feed Amino Acids Market Share (%), by Region, 2021
Globally, Asia-Pacific dominates the market for feed amino acids owing to the continuous modernization of livestock production methods and the growing awareness of animal feed among consumers. High impact of feeding quality animal-based feed to the livestock has been boosting the demand for feed amino acids in this region.
Europe is generating a healthy revenue in the market. The European meat industry is infusing more amino acids in the animal feeds owing to the increasing consumption of quality meat by animals. North America is also growing in terms of meat demand in animal feed thereby contributing a decent share of revenue towards feed global amino acids market
Recent News
As of August 2023, Belarussian National Biotechnological Corporation (BNBC) has produced 500,000 tons of goods, including 50,000 tons of feed amino acids, since the project's inception. Despite the fact that Russia is BNBC's primary sales market, efforts are underway to diversify the supply. Registration requirements for Belarussian amino acids on the Brazilian market have been met. Belarus is gaining market share in Russia at an accelerating rate. According to the Russian think tank Feedlot, the nation currently provides 10% of the feed additives imported by Russia. At present, BNBC is contemplating the feasibility of augmenting its lysine monohydrochloride production capacity. Additionally, within the next three years, the establishment of a feed vitamin manufacturing facility is also on the agenda. Uritsky stated that the Russian National Biotechnology Corporation could be established, however, within the [Russia-Belarus] Union State in collaboration with China. He estimated the investment cost of the project to be between $1.2 and $1.5 billion, adding that the Russian cluster's factories could annually process one million tons of grain.
Farmers Business Network, Inc., the worldwide AgTech platform and farmer-to-farmer network, introduced Profectus™ Feeds in October 2023. This innovative method of supplying beef cattle has the potential to enhance beef production's profitability and sustainability. The system, which was developed by a team of nutrition specialists and veterinarians at FBN Livestock, balances the energy consumption and amino acid requirements of beef diets in a manner analogous to how the swine industry reduced cost of gain by increasing feed efficiency through diet formulation. Profectus Feeds have demonstrated a 5 to 15% improvement in feed-to-gain ratio and profitability when compared to conventional diet formulations in commercial studies and comparisons. Additionally, carcass value has been upheld or enhanced. Profectus Feeds acknowledges the absence of a protein requirement for cattle and formulates their diets in accordance with the amino acid requirement, which is calculated using the caloric density of the diet. This emphasis on the equilibrium of amino acids results in enhanced feed efficiency and, consequently, decreased cost of gain, fewer instances of digestive issues, and enhanced environmental sustainability.
Global Market, by Type
- Lysine
- Methionine
- Threonine
- Tryptophan
- Others
Global Market, by Livestock
- Ruminants
- Poultry
- Swine
- Aquaculture
- Others
Global Market, by Form
- Dry
- Liquid
Global Market, by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Feed amino acids producers/ processors
- Commercial research & development (R&D) institutions
- Raw material suppliers and distributors
- Government and research organizations
- Farmers, poultry owners, and cattle owners
- Associations and industrial bodies
- Retailers, supermarket, and hypermarket
- Traders, exporters, and importers
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