Methionine is an organic compound and an essential amino acid that helps metabolize fats and proteins in the body and promotes growth and tissue repair. Its uses as dietary supplements and feed additive for livestock and poultry has been driving its demand. Increasing demand for methionine as feed additive in animal nutrition, along with its application as nutritional supplements in human health are some key factors expected to support market growth over the forecast period.
Market Dynamics:
The global methionine market is expected to witness robust growth over the next few years. Some key market drivers include growing demand for methionine as a feed additive in the animal nutrition industry. Methionine acts as an essential amino acid that helps animals grow and remain healthy. With rising meat consumption globally, the demand for animal feed additives like methionine has been increasing steadily. Other drivers include its usage as a dietary supplement in human nutrition. Methionine supplements help maintain methylation processes in the body and promote overall health and wellness. However, stringent regulations regarding methionine usage levels in animal feed and alternative ingredients that can replace methionine functions are expected to restrain the market growth to some extent. On the positive side, emerging economies with growing meat demand offer lucrative growth opportunities for methionine producers and suppliers over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global methionine market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global methionine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Evonik, Adisseo, Novus International, CJ CHEILJEDANG, Sumitomo Chemical, AJINOMOTO, Phibro, Prinova Group, Sunrise Nutrachem, Chongqing Unisplendour Chemical, Zhejiang NHU Co., Ltd., Ningxia Eppen Biotech Co., Ltd., Sichuan Hebang Biotechnology Co., Ltd., Shandong Kyowa Amino Acid Co., Ltd., Meihua Holdings Group Co., Ltd., Tokyo Chemical Industry Co. Ltd, and IRIS Biotech GmbH
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global methionine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methionine market
Detailed Segmentation
- Product Type Insights (Revenue, USD Bn, 2019 - 2031)
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- DL-Methionine
- L-Methionine
- Hydroxy Analogue of Methionine
- Application Insights (Revenue, USD Bn, 2019 - 2031)
- Animal Feed
- Food & Beverages
- Pharmaceuticals
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Evonik
- Adisseo
- Novus International
- CJ CHEILJEDANG
- Sumitomo Chemical
- AJINOMOTO
- Phibro
- Prinova Group
- Sunrise Nutrachem
- Chongqing Unisplendour Chemical
- Zhejiang NHU Co., Ltd.
- Ningxia Eppen Biotech Co., Ltd.
- Sichuan Hebang Biotechnology Co., Ltd.
- Shandong Kyowa Amino Acid Co., Ltd.
- Meihua Holdings Group Co., Ltd.
- Tokyo Chemical Industry Co. Ltd
- IRIS Biotech GmbH
