MARKET REPORT FEED & ADDITIVE MAGAZINE January 2024 63 of animal nutritionists and farmers, focusing more on productivity in order to meet the increasing demand for animal protein, the need to increase feed efficiency at lower costs, animal welfare concerns and the need to reduce the use of antibiotics are considered as other important supporting factors that will contribute to the growth of the market. FACTORS RESTRICTING MARKET DEVELOPMENT Due to the impact of animal husbandry on environmental sustainability, food safety and similar reasons, the number of regulatory legislations for animal producers is increasing day by day. In addition, developments in the alternative protein market are also accelerating due to the changing preferences of consumers. It is thought that the rapid development in the alternative protein market and strict regulatory legislations may pose a significant obstacle to the growth of the feed amino acids market. In addition, the price factor is also seen to be important at this point. Due to the high price of amino acids, amino acid-based feeds are more expensive than conventional feeds. Although the higher price of amino acid-based feed can offer numerous benefits, including improved animal health and productivity, it is estimated that it can be a significant barrier for farmers and feed producers, especially in developing countries where cost sensitivity is more pronounced. Raw material supply is also considered to be another restricting factor. According to reports, disruptions in the supply and price fluctuations of raw materials such as maize, soya, wheat and other grains required to produce amino acids can hamper the growth of the market by directly affecting producers. MARKET DEVELOPMENT BY PRODUCT TYPE The feed amino acids market is growing predominantly through the group of essential amino acids (threonine, tryptophan, methionine, lysine and others) that cannot be synthesised by animals. The threonine segment in this group is estimated to be the fastest growing segment among other amino acid types. Threonine is characterised as a preferred amino acid in animal feed formulations, especially in monogastric animal nutrition such as pigs and poultry, as it improves protein synthesis and weight gain and helps maintain immunity and intestinal integrity. MARKET SITUATION IN TERMS OF ANIMAL SPECIES In terms of animal type, the aquaculture segment is projected to gain significant growth momentum in the feed amino acids market. This growth is attributed to the increasing demand for fish and other seafood, especially in the Asia-Pacific region. However, in aquaculture, one of the fastest growing sectors in the food industry, the utilisation of feed amino acids, including lysine, methionine and tryptophan, is essential for the growth and development of fish and other aquatic species. The growth in the aquaculture segment is expected to continue in the coming years owing to various factors such as increasing demand for fish and other seafood, growing awareness about the importance of sustainable aquaculture practices, and advancements in aquaculture technology. In terms of animal species, pigs are another prominent species in the amino acids market. The use of amino acids in swine feed is expected to continue to increase. According to reports, as the demand for high-protein pork continues to increase, there will be a greater need for fortified feeds to improve pig health. Moreover, the need for feed additives such as amino acids is also increasing due to the spread of infectious diseases among pigs and the emergence of new epidemics such as African swine fever (ASF). MARKET DEVELOPMENT ON REGIONAL BASIS North America, Europe, and Asia Pacific are the prominent regions in the global amino acid market. On a global scale, the Asia-Pacific region is expected to maintain its dominance in the market owing to high livestock production activities and contin-
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