L-lysine hydrochloride is a chemical substance that is a combination of lysine and hydrochloride. Its molecular formula is C6H15ClN2O2, and its molecular weight is 182.65. It appears as a white crystalline powder. It is mainly used as a dietary nutritional supplement, which can improve solubility and enhance the bioavailability of the supplement. It is suitable for people who lack protein, such as picky eaters and anorexia, those who eat vegetarian food or lose weight through dieting. It helps to enhance immunity and supplement nutritional elements.
Overview of Market Development
In recent years, with the continuous development of food and feed additives, pharmaceuticals, and healthcare, the global demand for L-lysine hydrochloride has continued to rise. According to our research data, the estimated global consumption of L-lysine hydrochloride in 2024 is 954.8k tons, an increase of 0.91% compared to 2023, and is expected to continue to increase to 999.3k tons by 2029.
Analysis of Market Competition Pattern
From the perspective of market competition, the concentration of the global L-lysine hydrochloride market is moderate. Data shows that in 2023, the top 3 companies had a total revenue of $584 million for L-lysine hydrochloride market, with a total revenue share of 44.48%. The top three companies were Ajinomoto, Meihua Group, and ADM. In 2023, these three companies accounted for 16.13%, 14.38%, and 13.97% of the global market revenue for L-lysine hydrochloride, respectively.
Global L-lysine Hydrochloride Consumption Volume Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com
Segmented Market Analysis
From the perspective of product types, L-lysine hydrochloride salts can usually be classified into three categories based on their usage and quality standards: pharmaceutical grade, feed grade, and food grade. Among them, feed-grade L-lysine hydrochloride dominates the market, and its production proportion is expected to reach 89.04% in 2024.
From a regional perspective, the global L-lysine hydrochloride market is dominated by three major regions: North America, Europe, and Asia Pacific. Among them, the Asia Pacific region is the largest consumer market. Data shows that the consumption of L-lysine hydrochloride in the Asia Pacific region is expected to reach 549.2k tons in 2024, accounting for an estimated 57.52% of the global total consumption.
Global L-lysine Hydrochloride Production/Consumption Volume and Proportion by Type/Region Forecast in 2024
|
Types
|
Production Volume (K Tons)
|
Proportion
|
|
Feed Grade
|
850.2
|
89.04%
|
|
Food Grade
|
64.5
|
6.76%
|
|
Pharmaceutical Grade
|
40.1
|
4.20%
|
|
Regions
|
Consumption Volume (K Tons)
|
Proportion
|
|
Regions
|
149.6
|
15.67%
|
|
Europe
|
180.9
|
18.95%
|
|
Asia Pacific
|
549.2
|
57.52%
|
|
Others
|
75.1
|
7.87
|
Source: www.globalmarketmonitor.com
For more industry information, please refer to our latest released "2023 Global L-lysine Hydrochloride Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".
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