The feed amino acids market is rapidly gaining popularity for its increased use in enhancing animal growth, MarketsandMarkets have published a report showing the trend and forecast to 2018.
Amino acids these days are used for a wide variety of functions in animal feed. New technology advancements have promoted large scale production making it more economical and thereby increasing its usage. The market for feed amino acids is estimated to reach $5,729.0 million by 2018, with a projected CAGR of 5.4% from 2013 to 2018. Amino acids are the building blocks of proteins wherein animals rely on such supplements for their body maintenance, reproduction, and growth.
The restraints for the market are the developments of other sources of proteins. Also, the animal breeders in crisis-hit Europe are reluctant to use expensive feed additives for their animals. Leading manufacturers are focusing on the expansion of their businesses across regions and setting up new R&D plants for developing new production techniques and products.
The report profiles key players of the feed amino acids market. The feed amino acids market is currently dominated by a few large players such as Cargill, Inc (US), Evonik Industries (Germany), Ajinomoto (Japan), and Adisseo France SAS (France) and Kemin Europa (US).
The report also gives an insight into the various strategies adopted by the leading companies, their SWOT analyses, and also tracks their developments.