According to Data Bridge Market Research new Market report, global methionine market will account to an estimated USD 3.46 billion in 2018 growing at a CAGR of 5.10% during the forecast period of 2019 to 2026.
Global Methionine Market
Methionine is an amino acid that human body uses to produce protein. They also plays important role in the growth of the new blood cells. They are also used to treat liver disorders like acetaminophen by preventing the breakdown products to damage liver and are also used to cure many viral infections. They are found in meat, fish and other dairy products. They also have the ability to get converted into Sulphur- containing molecule which maintain proper functioning cells and protect tissues.
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Global methionine market is segmented on the basis of type, applications and geography.
By Type (L-Methionine, MHA, DL-Methionine), Form (Liquid, Powder), Application (Animal & Feed, Food & Supplements, Pharmaceuticals), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN METHIONINE MARKET
Increasing demand for the dietary supplements
According to a study, Italy has the largest dietary supplement market with the value of 1424.2 million euros in 2015 and which is expected to be reaching 1601.5 million euros in 2020. Then is Russia with 887.7 million euros in 2015 which is expected to be 1079.9 million euros by 2020 and Germany with 966.6 million euros in 2015 which will be 967.2 million euros by 2020. In fourth and fifth place is UK and France with 737 million euros and 683.8 million euros in 2015 rspectively and will be reaching 755.2 million euros and 724.8 million euros by 2020. Marcedonia has the lowest maket with 3.7 million euros in 2015 will be reaching 4.4 million euros in 2020.
Few of the major competitors currently working in the methionine market are Evonik Industries AG, Adisseo, NOVUS INTERNATIONAL, CJ CheilJedang Corp, Sumitomo Chemical Co. Ltd., AJINOMOTO CO.INC., Phibro Animal Health Corporation, Prinova Group LLC, Sunrise Nutrachem Group, UNISCHEM.COM, AMINO GmbH, Beijing FortuneStar S&T Development Co. Limited, BEWITAL agri, H.J. Baker & Bro. LLC, Kemin Industries Inc., KG Information System Private Limited, Kingchem Life Science LLC, LLC MEGAMIX, SUANFARMA S.A., Tokyo Chemical Industry Co. Ltd., Volzhsky Orgsynthese JSC, AnaSpec Inc., Shaanxi Sciphar Natural Products Co. Ltd., and Prinova Europe Limited.
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