According to the current analysis of Reports and Data, the global Feed Grade Valine Market was valued at USD 53.8 Million in 2020 and is anticipated to reach USD 77.9 Million by the year 2028, at a CAGR of 4.8%. The study covers the genre of feed grade agent called valine- one of the eight kinds of amino acids that are required to the body and needs to be obtained from diet. It focusses on animal food, primarily poultry and livestock. Experiments and trials are being carried out on aquaculture as well. So far feed grade valine had a successful effect on shrimps. Feed grade valine is mainly available in two types- L-type and D-type. Majority of the companies, today supply L-type valine only. This is because, as per several reports, the L-type valine has been the most effective and the safest feed in nature. The industry has great scope as almost 70% of the production cost for poultry or laying hen farming.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- Ajinomoto
- Evonik
- ADM
- CJ (Cheil Jedang) and Star Lake Biosciences.
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Feed Grade Valine market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Feed Grade Valine market?
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Feed Grade Valine Market Segmentation:
Type Outlook:
- L-type
- D-type
Application Outlook:
- Poultry
- Livestock
- Aquaculture (Shrimps)
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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