Feed Amino Acids

Feed Amino Acids Market Outlook

The global feed amino acids market was valued at approximately USD 23 billion in 2023 and is projected to reach around USD 35 billion by 2035, growing at a CAGR of about 4.5% during the forecast period. This growth can be attributed to the rising demand for high-quality animal protein in the food industry and increasing investments in livestock and aquaculture sectors. Additionally, the surge in feed production driven by the growing livestock population is significantly impacting the requirement for amino acids, particularly in developing regions. Furthermore, the awareness of nutritional benefits and the importance of amino acids in enhancing livestock productivity, feed efficiency, and health is propelling market growth. The evolving regulatory landscape around animal feed formulations is also paving the way for the adoption of fortified feeds containing essential amino acids to meet the nutritional needs of various livestock.

Growth Factor of the Market

The feed amino acids market is witnessing robust growth due to various factors that are driving the demand across multiple applications. One of the primary growth factors is the increasing focus on livestock health and productivity, which necessitates the incorporation of essential amino acids into animal feed. As farmers and producers strive to improve feed conversion ratios and overall animal performance, the demand for amino acids as feed additives is on the rise. Additionally, the growing trend of meat consumption globally, particularly in emerging economies, is contributing to the increase in demand for high-quality animal feed, which in turn drives the feed amino acids market. Technological advancements in feed formulations, coupled with the rising awareness among farmers about the benefits of using amino acids, are further boosting market growth. Moreover, the expansion of the aquaculture sector and the increasing use of amino acids in aquafeeds is a significant factor enhancing the overall market outlook.

Key Highlights of the Market

• Projected growth rate of 4.5% CAGR from 2023 to 2035.
• Strong demand for amino acids in aquaculture and livestock sectors.
• Technological innovations driving advancements in feed formulations.
• Increased awareness regarding animal nutrition among farmers.
• Global meat consumption trends influencing feed amino acid usage.

By Product Type

Lysine:

Lysine is one of the most critical amino acids used in animal feed, particularly for poultry and pigs. It plays a vital role in protein synthesis and is essential for growth and development in livestock. The growing demand for high-quality protein in animal diets has led to an increase in lysine usage, as it helps in improving feed efficiency and overall growth performance. As the livestock sector expands globally, the demand for lysine is expected to continue increasing, driven by its effectiveness in enhancing productivity and profitability in animal farming. Additionally, the incorporation of lysine in aquaculture feeds is gaining traction, further contributing to its market growth.

Methionine:

Methionine is another essential amino acid that is crucial for the growth and metabolic functions of animals. It is particularly important for poultry, as it aids in feathering and overall development. The rising demand for methionine is largely influenced by the growing poultry industry, which is focusing on improving feed formulations for better health and growth. Furthermore, methionine supplementation in animal feeds not only enhances growth performance but also supports the immune system, leading to healthier livestock. As consumers increasingly demand quality meat and poultry products, the market for methionine is poised for significant growth in the coming years.

Threonine:

Threonine is vital for various physiological functions in livestock, including protein synthesis and immune function. It is particularly important for swine, where it contributes to muscle development and overall health. The demand for threonine in animal feed is accelerating due to the increasing focus on high-quality protein sources in animal diets. As swine production intensifies and farmers look for ways to optimize feed efficiency, threonine has become a key ingredient in feed formulations. Moreover, with the growth of the aquaculture industry, the application of threonine in aquatic feeds is also witnessing an upward trend, further enhancing its market potential.

Tryptophan:

Tryptophan is an essential amino acid that plays a crucial role in the growth and development of livestock. It is known for its function in protein synthesis and its importance in the synthesis of neurotransmitters, which influences animal behavior and stress management. The increasing recognition of the benefits of tryptophan for improving feed efficiency and animal welfare has led to its rising popularity in animal feed formulations. As consumers become more conscious of animal welfare and the quality of animal-derived products, the demand for tryptophan, particularly in poultry and swine diets, is expected to grow significantly. Furthermore, its usage in aquaculture feeds is also anticipated to rise, contributing to the overall market growth.

Valine:

Valine, an essential branched-chain amino acid, is increasingly being recognized for its importance in the nutrition of livestock. It plays a key role in muscle metabolism and energy production, making it vital for the growth of animals, especially in the intensive production systems. The demand for valine in animal feeds is driven by the growing emphasis on optimizing feed formulations to enhance growth rates and feed efficiency, especially in poultry and swine. As livestock producers aim to improve the overall health and productivity of their animals, the incorporation of valine into their diets is becoming more prevalent. The trend toward higher protein diets in aquaculture is also expected to boost valine usage in aquatic feeds, further expanding its market presence.

By Application

Animal Feed:

The animal feed segment constitutes the largest application area for feed amino acids, driven by the growing demand for meat, dairy, and fish products worldwide. As livestock farming intensifies to meet the rising protein demand, the inclusion of essential amino acids in animal feeds has become increasingly important to enhance growth performance and feed efficiency. Farmers are now more aware of the benefits of amino acid supplementation, which contributes to improved health and productivity of livestock. The expansion of aquaculture is also a significant factor driving the demand in this segment, as the nutritional needs of fish and other aquatic species necessitate the use of amino acids for optimal growth. Furthermore, stringent regulations on animal feed quality and safety are pushing producers to adopt fortified feeds that include essential amino acids.

Food & Beverages:

In the food and beverages sector, amino acids are utilized for various purposes, including flavor enhancement, nutritional fortification, and as functional ingredients. The increasing consumer awareness regarding health and wellness is driving the demand for amino acid-enriched food products. Manufacturers are incorporating amino acids into functional foods and beverages to cater to the growing trend of health-conscious consumers seeking products that promote wellness and improve metabolic health. The rise of plant-based diets is also contributing to the demand for amino acids derived from plant sources, as consumers look for natural and nutritious options. This segment's growth is further fueled by ongoing product innovation and the development of new food products that leverage the benefits of amino acids.

Pharmaceuticals:

Amino acids play a crucial role in the pharmaceutical industry, serving as key ingredients in various formulations for therapeutic and health products. They are utilized in the production of medications, nutritional supplements, and parenteral nutrition solutions. The growing focus on personalized medicine and nutritional therapeutics is driving the demand for specific amino acids to meet the unique health needs of patients. Additionally, the rise in chronic diseases and the increasing aging population are contributing to the demand for amino acid-based therapies and supplements. As the pharmaceutical industry continues to innovate and expand, the use of amino acids is expected to grow, offering significant opportunities for market players.

Cosmetics:

In the cosmetics industry, amino acids are increasingly being incorporated into skincare and haircare products for their beneficial properties. They serve as moisturizing agents, help improve skin elasticity, and are essential for the synthesis of collagen and keratin. The rising demand for natural and organic cosmetics is driving the incorporation of amino acids derived from plant sources, as consumers look for products that are gentle on the skin and have skin-repairing properties. The growing awareness of the importance of skincare is also contributing to the market growth, as more consumers seek out products that promote healthy skin and hair. With continuous product development and the rising trend of clean beauty, the demand for amino acids in cosmetics is projected to increase in the coming years.

Others:

Other applications of amino acids include their use in dietary supplements, pet food, and agricultural products. The dietary supplements segment is seeing a surge in demand as more consumers turn to supplements for health and wellness, particularly for muscle recovery and performance enhancement. Amino acids are recognized for their role in promoting muscle growth and aiding in post-exercise recovery, making them popular among fitness enthusiasts and athletes. Additionally, the pet food industry is increasingly incorporating amino acids to ensure that pets receive well-rounded nutrition. Furthermore, amino acids are being used in agricultural applications to enhance soil health and improve crop yields, thus contributing to the overall market growth.

By Distribution Channel

Online Stores:

The online distribution channel has gained significant traction in the feed amino acids market, primarily due to the growing preference for e-commerce among consumers. The convenience of online shopping, coupled with the ability to access a wide range of products and compare prices, has made online stores a popular choice for purchasing feed amino acids. Furthermore, with the ongoing digital transformation in the retail sector, manufacturers and distributors are increasingly leveraging online platforms to reach a broader customer base, provide product information, and offer competitive pricing. The ease of home delivery and the ability to access specialized products not readily available in physical stores are adding to the appeal of online shopping. As e-commerce continues to expand, its share in the distribution of amino acids is expected to grow steadily.

Supermarkets/Hypermarkets:

Supermarkets and hypermarkets remain a traditional and preferred distribution channel for feed amino acids, especially for bulk purchases. These retail formats provide consumers with a comprehensive selection of animal feed products, including amino acids, making it convenient for farmers and producers to buy in larger quantities. The physical presence of these stores allows customers to consult with knowledgeable staff and access promotional offers, which enhances the shopping experience. As the demand for high-quality animal feed rises, supermarkets and hypermarkets are increasingly stocking specialized products, including amino acid additives. The trend of growing health consciousness among consumers is also driving supermarkets to offer a wider range of nutritional products, including amino acid-enriched feeds.

Specialty Stores:

Specialty stores that focus on health, nutrition, and animal care products are gaining popularity as a distribution channel for feed amino acids. These stores cater to a niche market, providing high-quality products and expert advice to consumers looking for specific nutritional solutions for their livestock. The personalized shopping experience and the availability of specialized knowledge make specialty stores an attractive option for farmers and producers who seek tailored solutions to meet their feeding requirements. As the emphasis on animal welfare and nutrition continues to grow, specialty stores are increasingly becoming important players in the market, offering a curated selection of amino acids and related products.

Others:

Other distribution channels include agricultural cooperatives, veterinary clinics, and direct sales from manufacturers. Agricultural cooperatives play a vital role in providing farmers with access to essential inputs, including feed amino acids, often at competitive prices. Veterinary clinics also serve as important distribution channels, particularly for specialized amino acid formulations aimed at improving animal health and performance. Furthermore, manufacturers are increasingly adopting direct sales strategies to establish closer relationships with their customers, provide tailored solutions, and enhance brand loyalty. As the market evolves, the diversity of distribution channels is expected to expand, allowing consumers to access feed amino acids through various convenient means.

By Ingredient Type

Plant-based:

Plant-based amino acids are derived from various plant sources and are gaining significant traction in the feed amino acids market due to the increasing demand for natural and sustainable products. These amino acids are often associated with lower environmental impact and are appealing to consumers looking for vegan or vegetarian options for their livestock. The growing trend of plant-based diets among consumers is also driving the demand for plant-derived amino acids, as farmers seek to provide high-quality nutrition to their animals without relying on animal products. Moreover, advancements in extraction and processing technologies are making it easier to utilize plant-based sources efficiently, thereby broadening their application in the feed industry.

Animal-based:

Animal-based amino acids, derived from sources such as meat, fish, and dairy, have historically been a significant segment in the feed amino acids market. These amino acids are highly bioavailable and provide essential nutrients necessary for the growth and development of livestock. The demand for animal-based amino acids is primarily driven by the traditional livestock industry, which relies on these sources to enhance feed formulations for optimal performance. However, as concerns over sustainability and animal welfare continue to rise, the market is witnessing a gradual shift towards more sustainable practices, leading to increased interest in alternative sources of amino acids. Nonetheless, animal-based amino acids remain important for high-performance animal nutrition, particularly in intensive farming operations.

Synthetic:

Synthetic amino acids are manufactured through chemical processes and are increasingly being used in animal feeds due to their cost-effectiveness and consistent quality. These amino acids can be produced in large quantities and are often used to fortify animal feed formulations. The synthetic segment is witnessing significant growth due to advancements in production technologies, which have improved the efficiency of amino acid synthesis. Additionally, the ability to precisely tailor synthetic amino acids to meet specific nutritional requirements is appealing to livestock producers seeking to optimize feed formulations. As the demand for high-quality animal feed continues to grow, synthetic amino acids are likely to play a crucial role in meeting these needs efficiently.

By Region

The global feed amino acids market is segmented into several key regions, each exhibiting unique growth dynamics influenced by local consumption patterns and regulatory frameworks. The Asia Pacific region holds a substantial share of the market, driven by the rapid growth of the livestock and aquaculture sectors in countries such as China and India. Increasing meat consumption and rising disposable incomes in these countries are leading to heightened demand for fortified animal feed, including essential amino acids. The region is expected to register a CAGR of around 5% over the forecast period, reflecting robust growth potential driven by rising protein consumption and improvements in animal husbandry practices.

North America, particularly the United States, represents another significant market for feed amino acids, attributed to the established livestock industry and advanced agricultural practices. The region benefits from a high level of awareness regarding animal nutrition and an increasing trend toward the adoption of specialized feed formulations. Europe also plays a crucial role in the market, with stringent regulations promoting quality and safety standards in animal feed, which is driving the demand for amino acid supplementation. While Latin America and the Middle East & Africa have smaller market shares, they are witnessing increasing investments in livestock production, leading to a gradual rise in demand for feed amino acids in these regions.

Opportunities

The feed amino acids market presents numerous opportunities for growth, particularly in the context of emerging trends in animal husbandry and nutrition. One of the most significant opportunities lies in the increasing shift towards sustainable farming practices and the adoption of plant-based diets among livestock. As consumers become more conscious of the environmental impact of animal agriculture, there is a growing demand for alternative protein sources derived from plants. This trend is creating avenues for the development and commercialization of innovative formulations that include plant-based amino acids, appealing to both livestock producers and health-conscious consumers. Furthermore, the rise of organic farming practices is expected to provide additional opportunities for market players to offer high-quality, sustainably sourced amino acids.

Another area of opportunity is the expansion of the aquaculture sector, which is seeing rapid growth due to the increasing global demand for seafood. As fish farming becomes a vital source of protein, the need for specialized feeds that include essential amino acids is growing. Companies that focus on developing tailored amino acid formulations for aquaculture can capitalize on this trend and strengthen their market position. Additionally, technological advancements in feed formulation and production processes are opening doors for innovation, allowing manufacturers to create more efficient and effective products that cater to the evolving needs of the livestock industry. The growing emphasis on animal welfare and health also presents opportunities for developing amino acid-rich feeds that enhance livestock productivity and well-being.

Threats

Despite the promising growth outlook for the feed amino acids market, several threats could impede progress. One of the primary threats is the volatility in raw material prices associated with the production of amino acids, particularly those derived from animal and plant sources. Fluctuations in the prices of feed ingredients can significantly impact the profitability of livestock producers and, consequently, their purchasing decisions regarding amino acid supplementation. Additionally, the increasing competition from alternative feed ingredients, including non-protein nitrogen sources and other nutritional supplements, poses a challenge to the traditional amino acid market. As alternative products gain acceptance, there could be a decline in the demand for conventional amino acids, affecting overall market growth.

Moreover, potential regulatory changes and stringent standards related to feed quality and safety can create hurdles for market players. Compliance with evolving regulations may require significant investments in research and development, as well as adjustments in production practices. This could put pressure on smaller companies that may struggle to meet these requirements. Lastly, the ongoing global challenges related to animal diseases, such as avian influenza and African swine fever, pose a threat to livestock production, impacting the demand for feed amino acids and leading to market uncertainties as producers adapt to changing conditions.

Competitor Outlook

• Archer Daniels Midland Company
• Cargill, Incorporated
• BASF SE
• Evonik Industries AG
• Ajinomoto Co., Inc.
• Nutreco N.V.
• China National Agricultural Development Group Co., Ltd.
• Adisseo
• Kemin Industries, Inc.
• Alltech, Inc.
• Fermenta Biotech Ltd.
• Perfect Amino
• Proliant Biologicals
• Evonik Degussa
• Pancosma SA

The competitive landscape of the feed amino acids market is characterized by the presence of several global and regional players, each striving to gain a competitive edge through product innovation, strategic partnerships, and expanding their distribution networks. Major companies are focusing on enhancing their product offerings by investing in research and development to create specialized amino acid formulations tailored to the specific nutritional needs of livestock. The growing emphasis on sustainability and environmentally friendly practices is also prompting companies to explore plant-based and synthetic amino acid alternatives, which can cater to the rising demand for sustainable animal nutrition solutions. Moreover, strategic mergers and acquisitions are becoming increasingly common as companies seek to consolidate their market presence and expand their product portfolios.

Archer Daniels Midland Company is a leading player in the feed amino acids market, known for its extensive portfolio of agricultural products and bioproducts. The company is committed to sustainability and actively invests in innovation to develop high-quality amino acids that meet the nutritional needs of livestock. Similarly, Cargill, Incorporated has established itself as a strong competitor through its diverse product offerings and robust distribution network. The company focuses on providing tailored nutritional solutions to farmers while adhering to stringent quality standards, which enhances its reputation in the market. Additionally, BASF SE and Evonik Industries AG are heavily investing in research to develop novel amino acid products that align with the evolving trends in animal nutrition and sustainability, further solidifying their positions in the market.

Ajinomoto Co., Inc. is another prominent player in this space, known for its expertise in amino acid production and its commitment to delivering innovative solutions to the livestock sector. The company has a strong focus on sustainability and is actively involved in initiatives aimed at improving animal health and productivity. Nutreco N.V. also stands out in the market, leveraging its extensive experience in animal nutrition to provide comprehensive solutions that include essential amino acids for improved feed efficiency. As competition intensifies, companies are expected to explore strategic collaborations and investments in technology to enhance their product offerings and better meet the needs of the global livestock industry.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Adisseo
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 BASF SE
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Pancosma SA
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Nutreco N.V.
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Alltech, Inc.
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Perfect Amino
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Evonik Degussa
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Ajinomoto Co., Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Evonik Industries AG
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 Proliant Biologicals
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Cargill, Incorporated
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Fermenta Biotech Ltd.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Kemin Industries, Inc.
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Archer Daniels Midland Company
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 China National Agricultural Development Group Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Feed Amino Acids Market, By Application
    • 6.1.1 Animal Feed
    • 6.1.2 Food & Beverages
    • 6.1.3 Pharmaceuticals
    • 6.1.4 Cosmetics
    • 6.1.5 Others
  • 6.2 Feed Amino Acids Market, By Product Type
    • 6.2.1 Lysine
    • 6.2.2 Methionine
    • 6.2.3 Threonine
    • 6.2.4 Tryptophan
    • 6.2.5 Valine
  • 6.3 Feed Amino Acids Market, By Ingredient Type
    • 6.3.1 Plant-based
    • 6.3.2 Animal-based
    • 6.3.3 Synthetic
  • 6.4 Feed Amino Acids Market, By Distribution Channel
    • 6.4.1 Online Stores
    • 6.4.2 Supermarkets/Hypermarkets
    • 6.4.3 Specialty Stores
    • 6.4.4 Others

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Feed Amino Acids Market by Region
  • 10.6 Middle East & Africa - Market Analysis
    • 10.6.1 By Country
      • 10.6.1.1 Middle East
      • 10.6.1.2 Africa

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Feed Amino Acids market is categorized based on

By Product Type

• Lysine
• Methionine
• Threonine
• Tryptophan
• Valine

By Application

• Animal Feed
• Food & Beverages
• Pharmaceuticals
• Cosmetics
• Others

By Distribution Channel

• Online Stores
• Supermarkets/Hypermarkets
• Specialty Stores
• Others

By Ingredient Type

• Plant-based
• Animal-based
• Synthetic

By Region

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Archer Daniels Midland Company
• Cargill, Incorporated
• BASF SE
• Evonik Industries AG
• Ajinomoto Co., Inc.
• Nutreco N.V.
• China National Agricultural Development Group Co., Ltd.
• Adisseo
• Kemin Industries, Inc.
• Alltech, Inc.
• Fermenta Biotech Ltd.
• Perfect Amino
• Proliant Biologicals
• Evonik Degussa
• Pancosma SA