Methionine Market - Global Industry Analysis

Methionine Market

Methionine Market by Type (L-Methionine, MHA, and, DL-Methionine) and by Application (Animal Feed, Food & Dietary Supplements, and Pharmaceuticals): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024

Published Date: 06-Dec-2018 Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3602 Status : Published

Global methionine market was valued at USD 3.35 billion in 2017 is expected to reach USD 4.90 billion by 2024, growing at a CAGR of 5.6% between 2018 and 2024. Methionine market is anticipated to grow at a fast pace in the upcoming years, owing to the global increase in meat consumption.

Description

Methionine Market: Industry Perspective

The report covers forecasts and analysis for the methionine market on a global, and regional level. The study provides historical information of 2015, 2016, and 2017 with a forecast from 2018 to 2024 based on both volume (Kilotons) and revenue (USD Billion). The complete study covers the key drivers and restraints for the methionine market. It also provides the impact on the market within the forecast period. Furthermore, the study also includes the opportunities accessible within the methionine market on a global level.

To offer the users of this report, comprehensive information on the methionine market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the methionine market has also been enclosed within the study. The study includes a market attractiveness analysis, where all the segments are benchmarked based on their market size, rate, and general attractiveness.

Global Methionine Market

The study also includes the market share of the key participants operating in the methionine market globally. Besides, the report also covers the strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and growth of key players within the market on a regional basis.

The study provides a crucial view of the methionine market by segmenting the market based on type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024. By type, the methionine market is segmented into  L-methionine, MHA (Methionine Hydroxyl Analogue), and DL-methionine. By application, the methionine market includes animal feed, food and dietary supplements, and pharmaceuticals. Additionally, the regional classification includes Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa. The key countries included in the report are the U.S., UK, Germany, France, China, Japan, India, and Brazil, among others.

The global methionine market includes several end-players, such as Evonik, Novus International, Arkema, Chongqing Unisplendour Chemical, Sumitomo Chemicals, CJ Cheiljedang, Sunrise Nutrachem Group, Prinova Group LLC, Phibro, and Adisseo among others.

This report segments the global methionine market as follows:

Global Methionine Market: Type Analysis

  • L-Methionine
  • MHA (Methionine Hydroxy Analogue)
  • DL-Methionine

Global Methionine Market: Application Analysis

  • Animal Feed
  • Food & Dietary Supplements
  • Pharmaceuticals

Global Methionine Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

Table Of Content

Methodology

Free Analysis

Methionine is an amino acid that contains sulfur. It is used as a precursor in the production of other proteins and is one of the essential amino acids for normal growth and development in humans, avian species, and other mammals. There are three types of methionine: L-Methionine, MHA, and DL-Methionine. DL-Methionine is generally produced by chemical synthesis from acrolein, methyl mercaptan, and hydrogen cyanide. Additionally, the various grades of methionine are feed grade, pharmaceutical grade, etc.

Methionine market is anticipated to grow at a fast pace in the upcoming years, owing to the global increase in meat consumption. The rising population in developing countries, such as India, China, and Brazil, is expected to boost the usage of methionine in poultry products, which, in turn, will propel the methionine market expansion on a global level. Moreover, methionine has steadily replaced the fish powder, as it is more efficient than fish powder. In addition, growing application of methionine in the supplement for ruminants and piglets, especially in China, is further projected to fuel the methionine market growth in the next few years. However, the harmful effects of raw materials used in the methionine production might hamper the methionine market. Surging demand for bio-based materials due to their sustainability and environment-friendliness over synthetic materials is also estimated to fuel the demand for bio-methionine, thereby boosting the expansion of this market.

Global Methionine Market

Methionine market is segmented based on type and application. By type, the methionine market is fragmented into L-methionine, MHA, and DL-methionine. DL-methionine is dominating the market and estimated to sustain its dominance over the forecast time period, due to the growing application of DL-methionine in the pharmaceutical, food processing, and animal husbandry sectors. By application, this market includes animal feed, food and dietary supplements, and pharmaceuticals. Animal feed is the most dominating application due to the growing consumption of meat globally. Surging demand for meat is increasing the demand for production of poultry, which is encouraging the farmers to increase the usage of amino acid in the animal diets for improving farm productivity, which, in turn, is further expected to fuel this market.

The geographic analysis of the global methionine market includes North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific held a major share of the global methionine market in 2017. The growing economy and region’s rising population are likely to propel the application of methionine in the pharmaceutical and animal feed sectors. Additionally, the consumption rate of meat is increasing in China, India, and Vietnam, which is further expected to boost the use of methionine in the region over the estimated time period.

The global methionine market includes several end-players, such as Evonik, Novus International, Arkema, Chongqing Unisplendour Chemical, Sumitomo Chemicals, CJ Cheiljedang, Sunrise Nutrachem Group, Prinova Group LLC, Phibro, and Adisseo among others.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed