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  • IHS CEH Report : Amino Acids, Major (Chemical Economics Handbook 2019)

Download Report IHS CEH Report : Amino Acids, Major (Chemical Economics Handbook 2019)

PDF by S&P Global Commodity Insights; IHS Markit
Information
Format: PDF Language: English Pages: 163 Publisher: S&P Global Commodity Insights; IHS Markit Publitshion date: 2019 ISBN: 103453
Description
Amino acids, the building blocks of protein, are used as feed supplements to provide for nutrients that natural feeds are lacking. Methionine, lysine, threonine, and tryptophan are the four major amino acids utilized in poultry and swine diets. Methionine and lysine both have commercial markets, with around 1.3 million metric tons and 2.3 million metric tons, respectively. Threonine and tryptophan are the higher growth markets, albeit at much smaller volumes, at about 680,000 metric tons and 36,000 metric tons, respectively. The total market value was $7.6 billion in 2018. Amino acids production is highly concentrated, with the top five producers dominating over 50% of the market share for each of the product categories. Key market participants include Hebei Meihua Biotech, Ningxia Unispendour, Evonik, CJ CheilJedang, Jilin Changchun Dacheng, Fufeng Group, Ajinomoto, and Adisseo. There has been a phase of rapid capacity expansion in the past few years, driven by strong demand from poultry and swine production. Higher optimized nutritional levels of amino acids in animal diets, the increasing livestock populations, and growing consumption of meat in developing countries, as well as lower raw material costs and lower product prices have all contributed to higher amino acids consumption. Although consumption is expected to continue to grow healthily across the board over the next five years among major consuming regions, capacity expansion will likely slow, as no shortage of supply is expected after the recent expansions. Amino acids are important components of livestock diets. Optimal animal performance (weight gain, feed intake) is possible only if feed contains adequate amounts of limiting amino acids. Among the four major amino acids, methionine, lysine, and threonine are the first three limiting amino acids in poultry production. Lysine, threonine, and tryptophan are the top three limiting amino acids in swine production. Methionine consumption growth has entered a mature stage in developed countries, with growth being driven by developing countries. Methionine is widely consumed in China, and Other Asia (23% and 16% of consumption in 2018, respectively), with the United States, Central and South America, and Western Europe each having a similar share of 13–15%. Western Europe and the United States used to be the major methionine producers and exporters. In recent years, new methionine capacity launched in China and Southeast Asia has entered the global market. Trade flows are to Central and South America, Central and Eastern Europe, and China as the main methionine importers. Consumption growth will continue at over 5% per year, driven by Other Asia, China, and Central and South America, as well as Central and Eastern Europe. Lysine consumption has jumped globally since 2010 (with the only exception being Western Europe), as higher concentrations of lysine are applied in animal diets. Production and consumption are concentrated in China (over 50% of capacity and about 30% of consumption), followed by the United States (13–15% of capacity and consumption), and Other Asia (10–13% of capacity and consumption). These regions are also the major exporters to the rest of the world. Healthy growth of over 3% per year is expected for the major lysine consuming regions. Threonine and tryptophan markets are growing strongly as animal nutrition knowledge drives demand higher on a global basis. Threonine production is dominated by China, with about 90% of global capacity. Western Europe is the leading consumer (24% of global demand in 2018), followed by China (19%) and the United States, Central and South America, and Other Asia (13% each). Robust growth of over 7% is expected over the next five years, driven by higher concentrations of threonine supplementation in animal diets. Tryptophan is consumed mainly in Western Europe (46% of consumption in 2018) and demand is met by imports from China. Similar to threonine, China tops tryptophan capacity, with over 50% of the global share. Most Chinese tryptophan production is for export markets. Strong consumption growth of over 10% per year is expected for the tryptophan market.
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