Portland, OR, Sept. 11, 2023 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "L-Lysine Monohydrochloride Market By End-Use Industry (Animal Nutrition, Pharmaceutical, Food and Beverage, Personal Care And Cosmetics, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the global L-lysine monohydrochloride industry generated $1.6 billion in 2018, and is anticipated to generate $3.3 billion by 2032, witnessing a CAGR of 5.7% from 2023 to 2032.
Lysine is an amino acid that is found mostly in animal products. L-Lysine monohydrochloride, commonly known as lysine HCl, is widely used in food, beverage, health & personal care products, pharmaceutical, agriculture/animal feed/poultry.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/187319
Prime determinants of growth
The global L-lysine monohydrochloride market is driven by the growth in the animal feed industry along with rise in health and wellness among the populace. However, the price volatility of raw materials is expected to act as a major restraint for market growth. Nevertheless, surge in demand for plant-based and vegan supplements is expected to offer lucrative market growth opportunities in coming years.
Report Coverage & Details:
| Report Coverage | Details |
| Forecast Period | 2023–2032 |
| Base Year | 2018 |
| Market Size in 2018 | $1.6 billion |
| Market Size in 2032 | $3.3 billion |
| CAGR | 5.7 % |
| No. of Pages in Report | 212 |
| Segments covered | End-use Industry, Region. |
| Drivers | Growth in animal feed industry. Rise in health and wellness trends. |
| Opportunities | Surge in demand for plant-based and vegan supplements. Emerging markets and growing middle class. |
| Restraints | Price volatility of raw materials. |
Covid-19 Scenario
- The pandemic led to disruptions in supply chains globally due to lockdowns, restrictions on movement, and closures of manufacturing facilities. These disruptions affected the availability of raw materials and hindered production processes for L-lysine monohydrochloride.
- Also, the closure of restaurants, hotels, and food service establishments in many regions led to decreased demand for animal products and subsequently reduced demand for animal feed additives such as L-lysine monohydrochloride.
- Moreover, changes in consumer behavior, including shifts in purchasing patterns and preferences, affected the demand for dietary supplements and functional foods containing L-lysine monohydrochloride.
- In addition, economic uncertainty and job losses resulting from the pandemic led to reduced consumer spending on non-essential products, including some dietary supplements.
- On the positive side, increased interest in immune health during the pandemic boosted the demand for dietary supplements and products containing immune-supportive ingredients such as L-lysine monohydrochloride.
The pharmaceutical segment to maintain its lead position during the forecast period
Based on end-use industry, the pharmaceutical segment accounted for the largest share in 2018, contributing to nearly half of the global L-lysine monohydrochloride market revenue, and is projected to maintain its lead position during the forecast period. L-lysine monohydrochloride finds applications in the pharmaceutical industry due to its beneficial properties and potential health effects. L-lysine monohydrochloride is often used as a dietary supplement to manage and prevent cold sores caused by the herpes simplex virus. The food & beverage segment is projected to grow at a CAGR of 6.1% from 2023 to 2032. L-lysine monohydrochloride is commonly used as a food additive in the food and beverage industry to enhance nutritional profiles, improve taste, and contribute to the overall quality of various products. It is used in baked goods such as bread, cakes, and pastries to improve dough handling and texture while boosting their protein content. Also, L-lysine monohydrochloride can be added to dairy products such as yogurt, milk-based beverages, and cheese to enhance their nutritional value.
Procure Complete Report (212 Pages PDF with Insights, Charts, Tables, and Figures) @ https://bit.ly/3Lg9HaU
Asia-Pacific to maintain its dominance by 2032
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2018, accounting for nearly half of the global L-lysine monohydrochloride market revenue and is likely to dominate the market during the forecast period. The same region is projected to grow at a CAGR of 6.0% from 2023 to 2032. The L-lysine monohydrochloride market in Asia-Pacific is driven by factors such as population growth, increased meat consumption, and the need for enhanced nutritional value in food products.
Leading Market Players: -
- FOODCHEM INTERNATIONAL CORPORATION
- HAIHANG INDUSTRY
- JIGCHEM UNIVERSAL
- CENTRAL DRUG HOUSE
- ALPSPURE LIFESCIENCES PVT. LTD.
- RX CHEMICALS
- SISCO RESEARCH LABORATORIES PVT. LTD.
- TORONTO RESEARCH CHEMICALS INC.
- LOBA CHEMIE PVT. LTD.
- TOKYO CHEMICAL INDUSTRY CO., LTD.
The report provides a detailed analysis of these key players in the global L-lysine monohydrochloride market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Want to Access the Statistical Data and Graphs, Key Players' Strategies:
https://www.alliedmarketresearch.com/l-lysine-monohydrochloride-market/purchase-options
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
