The global Methionine market is projected to reach USD 4.5 Billion by 2028, growing at a CAGR of over 4%, in value terms owing to rising awareness of food nutrients, especially amino acids for mental and physical development. Moreover, the growing popularity of animal-based products like sea-foods, dairy etc. and the increasing use of methionine as a nutraceutical will ensure robust growth of the market in the next five years.
The global Methionine market is segmented based on type, raw material, application and region. Based on type, the market is divided into DL-Methionine, Methionine Hydroxy Analogue (Mha) and L-Methionine. DL-Methionine is expected to dominate the market during the forecast period due to its properties such as high antioxidant capacity, and low nitrogen excretions, among others. Based on applications, food & supplements are expected to lead the market due to their nutritional benefits, anti-cancer properties etc.
Regionally, the Asia-Pacific region is expected to lead the market owing to the rise in disposable income of consumers, rapid urbanization and increased awareness of health and well-being in constituent regions like India and China.
Some of the leading players in the Global Methionine Market
- Novus International
- Sumitomo Chemicals
- Prinova Group LLC
- Sunrise Nutrachem Group
- Chongqing Unisplendour Chemical etc.
The Objective of the Study:
- To analyse and forecast the market size of the Methionine Market, in terms of value and volume.
- To classify and forecast global Methionine based on type, raw material, application, and regional distribution.
- To identify drivers and challenges for the global Methionine Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the global Methionine Market.
- To conduct the pricing analysis for Methionine Market.
- To identify and analyse the profile of leading service providers involved in the global Methionine Market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major manufacturers across the globe.
TechSci Research calculated the market size of the Global Methionine Market using a bottom-up approach, where data for various end-user industries and its application across various product types were recorded and forecasted for the future years. TechSci Research sourced these values from industry experts and company representatives and externally validated them through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Methionine Manufacturers
- Dealers, and Suppliers
- Traders and Distributors of Methacrylate Monomers.
- Feed Manufacturers
- Regulatory organizations.
- Research organizations and consulting companies.
- Market research and consulting firms.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
|Historical Data||2018 – 2021|
|Forecast Period||2024 – 2028|
|Quantitative Units||Revenue in USD Million, Volume in Units and CAGR for 2018-2022 and 2023E-2028F|
|Report Coverage||Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends|
|Segments Covered||· Type
· Raw Material
|Regional scope||North America; Europe; Asia Pacific; South America; Middle East & Africa|
|Country scope||United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Singapore; Malaysia; Germany, France, United Kingdom, Spain, Italy, South Africa, UAE, Saudi Arabia, Qatar; Brazil, Argentina, Colombia;|
|Key companies profiled||Adisseo, Evonik, AJINOMOTO, Novus International, Sumitomo Chemicals, Prinova Group LLC, Sunrise Nutrachem Group, Phibro, Chongqing Unisplendour Chemical.|
|Customization scope||10% free report customization with purchase. Addition or alteration to country, regional & segment scope.|
|Pricing and purchase options||Avail customized purchase options to meet your exact research needs.|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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In this report, Global Methionine Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- Global Methionine Market, By Type:
- Methionine Hydroxy Analogue (Mha)
- Global Methionine Market, By Raw-Material:
- Animal Based
- Global Methionine Market, By Application:
- Dairy Cattle
- Beef Cattle
- Food & Beverages
- Nutraceutical & Dietary Supplements
- Infant Formula
- Food Fortification
- Global Methionine Market, by Region:
- Asia Pacific
- South Korea
- Europe & CIS
- United Kingdom
- North America
- United States
- South America
- Middle East and Africa
- South Africa
- Saudi Arabia
Company Profiles: Detailed analysis of the major companies present in the Methionine Market segment.