MarketResearch.biz delivers in-depth insights on the global methionine market in its upcoming report titled, “Global Methionine Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global methionine market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global methionine market report has been segmented on the basis of product, application, and region.
Methionine is one of the essential amino acids in humans. It is required in the human body for the growth and repair of tissues. Consumption of methionine improves the tone of skin, hair, and strengthens nails. It acts as a lipotropic agent that prevents the excess of fat buildup in the liver. Sulphur present in methionine protects cells from pollutants, essential for absorption of zinc and selenium.
Methionine is found in fish, meat, and dairy products. Methionine is used as an animal feed additive that improves the nutritional value of the feed. Rising meat consumption as a source of protein is expected to be a major factor driving the market growth.
Plant-based products are expected to account major share of the market revenue and is estimated to dominate the market growth over the forecast period. Soymeal, wheat, and seaweed are the most used raw materials in methionine production. Growing consumer preference towards bio-based products owing to raising awareness and environmental benefits is estimated to propel the market growth over the forecast period.
Based on application, animal feed segment is expected to account the major share of the market revenue and is estimated to dominate the market over the forecast period. Increasing demand for animal feed additives owing to maintaining metabolism rate in livestock along with rising meat consumption is estimated to drive the market growth over the forecast period. Dietary supplements are expected to be major application segment in the global methionine market. Increasing demand for supplements such as nutritional supplement, energy drinks, low carbohydrate food, nutrition bars, and weight loss pills is expected to drive the market growth over the forecast period.
The Asia Pacific is expected to account the major share of the market and is estimated to maintain its dominance over the forecast period. Presence of a large number of manufacturers in the region is expected to fuel the market growth. Increasing meat consumption in China, India, Indonesia, Vietnam, and the Philippines coupled with changing lifestyle of the people and increasing disposable income of the people in the region is anticipated to propel the market growth over the forecast period in the region.
Market segmentation and key players operating in the global methionine market:
- Plant based
- Animal based
- Animal feed
- Dietary supplements
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Bluestar Adisseo
- Novus International, Inc.
- Sumitomo Chemical Company
- Evonik Industries AG
- Nippon Soda Co., Ltd.
- Ningxia Unisplendour Tianhua Methionine Co., Ltd
- Ajinomoto Inc.
- Beijing FortuneStar S&T Development Co.
- Tokyo Chemical Industry Co. Ltd.
- Iris Biotech GmbH
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