The report "Methionine Market by Type (L-Methionine, MHA, Dl-Methionine), Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2022", The methionine market is projected to grow from USD 3.36 Billion in 2017 to USD 4.45 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022. Methionine is one of the essential amino acids, which is required for tissue repair and its growth, enhancement of pliability, the tone of hair and skin, and strengthen nails. The growth of the methionine market can be attributed to the increasing health issues of consumers, growth in the consumption of animal-based products, and implementation of innovative animal husbandry practices to improve meat quality owing to the increasing demand for protein-rich food globally. These factors are leading to an increase in the demand for methionine globally.
Browse 73 market data Tables and 29 Figures spread through 121 Pages and in-depth TOC on "Methionine Market by Type (L-Methionine, MHA, Dl-Methionine), Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2022"
Early buyers will receive 10% customization on reports.
The animal feed application segment is projected to lead the methionine market during the forecast period.
Based on application, the methionine market has been segmented into animal feed (poultry, swine, ruminants, and aquaculture), food & dietary supplements (nutraceutical & dietary supplements, infant formula, food fortification, and convenience food), and pharmaceuticals. In terms of value, the animal feed application segment led the global methionine market in 2016, having accounted for the largest market share in the same year. This growth can be attributed to the increasing consumption of animal-based products, especially high meat consumption for the desired protein intake.
DL-Methionine is the largest type segment of the methionine market.
Different types of methionine, such as L-Methionine, DL-Methionine, and MHA are used in various applications such as animal feed, food & dietary supplements, and pharmaceuticals. DL-Methionine is majorly used in various applications and this segment accounted for the largest share of 66.8% of the methionine market in 2016, owing to the reduced nitrogen excretions, support performance during heat stress, and excellent antioxidant capacity of DL-Methionine.
Asia-Pacific (APAC) is expected to be the largest market for methionine during the forecast period.
In terms of value, the APAC region accounted for the largest share of the methionine market in 2016. Animal feed production and consumption of animal-based products are high in this region due to the growing economy, high disposable income of consumers, and increasing population and standard of living. China and India are the key manufacturers of methionine due to its high demand for various applications, especially the animal feed. All these factors are fueling the demand for methionine in the APAC region.
Major players in the global methionine market are Evonik (Germany), Adisseo (France), Novus International (US), CJ CHEILJEDANG (South Korea), Sumitomo Chemical (Japan), AJINOMOTO (Japan), Phibro (US), Prinova Group (US), Sunrise Nutrachem (China), and Chongqing Unisplendour Chemical (China).
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.SEND ME A FREE SAMPLE