Methionine Market Size, Share, and Growth Report 2032

Methionine Market

Methionine Market By Type (L-Methionine, MHA, and DL-Methionine), By Application (Animal Feed, Food And Ddietary Supplements, And Pharmaceuticals), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2024–2032

Category: Chemical & Materials Report Format : PDF Pages: 110 Report Code: ZMR-3602 Published Date: Feb-2024 Status : Published
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 4.50 Billion USD 7.31 Billion 5.53% 2023

Methionine Market Size:

The global methionine market size was worth around USD 4.50 billion in 2023 and is predicted to grow to around USD 7.31 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.53% between 2024 and 2032.

Global Methionine Market Size, 2024-2032Request Free Sample

The report covers forecasts and analysis for the methionine market on a global, and regional level. The study provides historical data of 2018 to 2022 with a forecast from 2024 to 2032 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.

Global Methionine Market Size AnalysisRequest Free Sample

Methionine Market: Overview

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.

Global Methionine MarketRequest Free Sample

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.

Methionine Market: Segmentation

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.

Methionine Market: Report Scope

Report Attributes Report Details
Report Name Methionine Market Research Report
Market Size in 2023 USD 4.50 Billion
Market Forecast in 2032 USD 7.31 Billion
Growth Rate CAGR of 5.53%
Number of Pages 110
Key Companies Covered Evonik, Novus International, Arkema, Chongqing Unisplendour Chemical, Sumitomo Chemicals, CJ Cheiljedang, Sunrise Nutrachem Group, Prinova Group LLC, Phibro, and Adisseo among others.
Segments Covered By Type, By Application, And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Methionine Market: Regional Analysis

Global Methionine Market Regional AnalysisRequest Free Sample

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 2023. 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.

Methionine Market: Competitive Landscape

  • Evonik
  • Novus International
  • Arkema
  • Chongqing Unisplendour Chemical
  • Sumitomo Chemicals
  • CJ Cheiljedang
  • Sunrise Nutrachem Group
  • Prinova Group LLC
  • Phibro
  • Adisseo 
  • Among Others

This report segments the global methionine market as follows:

By Type 

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

By Application

  • Animal Feed
  • Food & Dietary Supplements
  • Pharmaceuticals

By Region

  • 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

FrequentlyAsked Questions

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.

According to study, the global methionine market size was worth around USD 4.50 billion in 2023 and is predicted to grow to around USD 7.31 billion by 2032.

The CAGR value of methionine market is expected to be around 5.53% during 2024-2032.
 

Asia Pacific has been leading the global methionine market and is anticipated to continue on the dominant position in the years to come.

The global methionine market is led by players like Evonik, Novus International, Arkema, Chongqing Unisplendour Chemical, Sumitomo Chemicals, CJ Cheiljedang, Sunrise Nutrachem Group, Prinova Group LLC, Phibro, and Adisseo among others.

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