Methionine Market by Type (DL-Methionine, Methionine Hydroxy Analogue, L-Methionine), by Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast 2020 to 2027

Methionine Market - Global Industry Analysis and Forecast 2020 to 2027

Methionine Market: Summary

The Global Methionine Market is projected to reach a value of over USD 5.5 billion by 2027 at a CAGR of around 4.8%.

Methionine is an amino acid and essential to human for growth and tissue repair in humans, animals, and avian species. It is important for the growth of new blood vessels and maintains the metallic element level in the body. The demand for methionine will increase in the future due to its use as a critical dietary supplement for poultry & livestock and expansion of the world economy along with increased meat consumption.

Methionine Market

Methionine Market: Drivers & Opportunities

Market Driver:

  • Growth in the Consumption of Animal-Based Products

In the poultry, swine, and aquaculture industries, methionine is extensively used as an additive in the feed. Animals cannot produce methionine in their body, so it is provided to them in their feed, as a nutritional additive. It is essential for all animals and is used as an ingredient to help animals meet the necessary health requirements.  Methionine contains is quite low in natural ingredients, thus, it is provided as nutrient feed additive during the animal feed. Methionine helps improve the efficiency of utilization of protein in the animal's body. It also aids metabolism, quick growth, and muscle bulk growth. Methionine also helps in performance during heat stress and to reduce nitrogen excretion. The increasing awareness regarding the benefits of healthy animal diet, the demand for methionine is expected to increase during the assessment period.

Market Opportunities:

  • Increasing Demand for Methionine in Pharmaceutical Applications

Methionine is widely used as a raw material in pharmaceutical applications and as an intermediate in vitamin and liver-related medicine manufacturing. It is used to prevent liver damage in acetaminophen (Tylenol) poisoning. It is also used for increasing the acidity of urine, treating liver disorders, and improving wound healing. Moreover, it also used for treating depression, alcoholism, allergies, asthma, copper poisoning, radiation side effects, schizophrenia, drug withdrawal, and Parkinson's disease. Methionine found a wide range of application in the pharmaceutical industry which is likely to create a huge market opportunity for the methionine market in the near future.

Methionine Market: Key Segments

  • Segmentation based on type: DL-Methionine, Methionine Hydroxy Analogue, and L-Methionine
  • Segmentation based on application: Animal Feed, Food & Dietary Supplements, and Pharmaceuticals
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Methionine Market: Report Scope

The report on the Methionine market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019-2027

Base Year for Market Calculation

2020

Forecasted Period

2021-2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Billion) and Volume (Kiloton)

Segments Included

Type, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Evonik Industries AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • Adisseo
  • Novus International
  • CJ CHEILJEDANG
  • Sumitomo Chemicals
  • AJINOMOTO
  • Phibro
  • Prinova Group LLC
  • Sunrise Nutrachem Group
  • Chongqing Unisplendour Chemical
  • Amino GmbH
  • Beijing Fortunestar S&T Development
  • Bewital Agri
  • Baker & Bro
  • Iris Biotech
  • Jirong Pharmaceutical
  • Kemin
  • KG Group
  • Kingchem
  • Other Key Companies

Methionine Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Methionine Market, by Type

  • DL-Methionine
  • Methionine Hydroxy Analogue
  • L-Methionine

Methionine Market, by Application

  • Animal Feed
    • Poultry
    • Swine
    • Ruminants
    • Aquaculture
    • Others
  • Food & Dietary Supplements
    • Nutraceutical & Dietary Supplements
    • Infant Formula
    • Food Fortification
    • Others
  • Pharmaceuticals

Methionine Market, by Region

  • North America
    • US
    • Canada
    • Mexico
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Report Audience

  • Methionine Market Providers
  • Methionine Market Solution and Services Suppliers, Distributors and Dealers
  • End-Users of Varied Segments of Methionine Market
  • Government Bodies and Intellectual Institutions
  • Associations and Industrial Organizations
  • Research & Consulting Service Providers
  • Research & Development Organizations
  • Investment Banks & Private Equity Firms

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE METHIONINE MARKET STUDY

  1. INTRODUCTION
    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
  2. RESEARCH DESIGN & SCOPE
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
  3. EXECUTIVE SUMMARY
  4. MARKET DYNAMICS
    1. Introduction
    2. Drivers
      1. Growth in the Consumption of Animal-Based Products
      2. Increasing Health Issue
    3. Restraint
      1. Stringent Regulatory Framework
    4. Opportunities
      1. Increasing Demand for Methionine in Pharmaceutical Applications
    5. Challenges
      1. Lack of Awareness
  5. INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL METHIONINE MARKET BY TYPE, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. DL-Methionine
    3. Methionine Hydroxy Analogue
    4. L-Methionine
  7. GLOBAL METHIONINE MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Animal Feed
      1. Poultry
      2. Swine
      3. Ruminants
      4. Aquaculture
      5. Others
    3. Food & Dietary Supplements
      1. Nutraceutical & Dietary Supplements
      2. Infant Formula
      3. Food Fortification
      4. Others
    4. Pharmaceuticals
  8. GLOBAL METHIONINE MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
  9. COMPETITIVE LANDSCAPE
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
  10. COMPANY PROFILES
    1. Evonik Industries AG
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. Adisseo
    3. Novus International
    4. CJ CHEILJEDANG
    5. Sumitomo Chemicals
    6. AJINOMOTO
    7. Phibro
    8. Prinova Group LLC
    9. Sunrise Nutrachem Group
    10. Chongqing Unisplendour Chemical
    11. Amino GmbH
    12. Beijing Fortunestar S&T Development
    13. Bewital Agri
    14. Baker & Bro
    15. Iris Biotech
    16. Jirong Pharmaceutical
    17. Kemin
    18. KG Group
    19. Kingchem
    20. Other Key Companies
  11. APPENDIX
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

Note1: Tentative table of contents, may get updated during the course of research.

Note2: Company financial information is subject to availability in public domain

60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY

Rep Id : CM 0132

Published : August, 2020


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