05 March 2021
Visiongain has published a new report on Threonine Acids Market Report to 2031: Forecasts by Product (D-Threonine, L-Threonine and Others), By Application (Food & Dietary Supplement, Animal Feed, Pharmaceutical and Others), By Source (Plant and Animal), By Livestock (Poultry, Aquatic Animals, Swine, Equine and Others), PLUS Profiles of Threonine Acids Manufacturing Companies and Regional and Leading National Market Analysis, PLUS COVID-19 Recovery Scenarios.
The Global Threonine Acids market was valued at US$ xx billion in 2020 and is projected to reach a market value of US$ xx billion by 2031. Growing demand for feed additives for the livestock is a major factor driving the market growth of threonine acids. Rise in the application of threonine acids in major industries such as dietary supplements, pharmaceuticals among others is also a major factor driving the market growth.
COVID-19 Impact on Sports Nutrition Ingredients Market
COVID-19 impacted the overall threonine market owing to the disruption in the supply chain due to the stringent lockdown rules and limitation on the number of people working in the industries. Further, slow down of the logistic patterns has also resulted in the major slowdown of the overall threonine acids market.
Growing demand for quality feeds for the livestock
There is a growing demand quality feeds for the livestock which is resulting to the rise in the demand for threonine acids. For instance, in Asia, livestock industry is the most crucial part of the agriculture and has been growing at a rapid pace over the years. Livestock products contribute to 40% of the total agricultural output. This is boosting the demand for threonine acids thereby triggering the market growth.
Growing demand for threonine acid for several end use sectors
Growing demand for threonine acid from several end use sectors such as pharmaceutical, dietary supplementary products is also a major factor resulting to the rise in the demand for threonine acids. There is a growing demand for dietary supplements among the consumers in order to stay healthy and have a balanced diet.
Research & Development
Research & development on threonine acid is generating new opportunity to the market during the forecast period. Rising demand for infant formula products, dietary supplements requires proper research & development on theorine in order to be infused in such products.
Some of the major companies operating in the global threonine acids market are Shanghai Seebio Biotech, Inc., Archer Daniels Midland Company, Evonik Industries Corporation, Peptides International Inc., The Graymor Chemical Co., Yore Chemipharm Co. Ltd., Prinova Group LLC, CellMark AB, Degussa Corporation among others. Global threonine acid industry is highly fragmented and consists of large number of small and medium players. There are large number of unorganized sector in the countries such as India and China. Companies operating in this market are engaged in several new strategies in order to grab greater customer attention. For instance, Evonik claimed that China’s Fufeng Group is focussed upon toll manufacture the German amino acid producer’s L-threonine product ThreAmino. Earlier in 2015, Ajinomoto Co. Inc. announced that they raised the selling price by USD 250 in order to adjust the rising price in Europe. In addition to this, in 2018, CJ Bio announced that its new L-threonine product THR Pro completed Food & Drug Administration evaluation with the letter of agreement.
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