Lysine Market Summary
As per Market Research Future Analysis, the global lysine market was valued at USD 1,908.99 million in 2023 and is projected to reach USD 3,459.81 million by 2032, growing at a CAGR of 6.81% from 2024 to 2032. The market is driven by health benefits associated with lysine consumption and its increasing use in animal feeds. The rise in protein deficiency awareness and the growing demand for meat products are also significant contributors to market growth. The Asia-Pacific region accounted for USD 787.95 million in 2021, with China being the largest market share holder. Major players are focusing on R&D and strategic initiatives to expand their market presence.
Key Market Trends & Highlights
Key trends driving the lysine market include rising health awareness and increased meat consumption.
- Lysine market size in 2023: USD 1,908.99 million.
- Projected market size by 2032: USD 3,459.81 million.
- CAGR from 2024 to 2032: 6.81%.
- Asia-Pacific market share in 2021: USD 787.95 million.
Market Size & Forecast
2023 Market Size | USD 1,908.99 million |
2024 Market Size | USD 2,042.16 million |
2032 Market Size | USD 3,459.81 million |
CAGR (2024-2032) | 6.81% |
Major Players
Key players include Evonik Industries, Ajinomoto Co. Ltd., Cheil Jedang Corp, Archer Daniel Midland (ADM), and others.