Global Methionine Market, By Type (L-Methionine, MHA, DL-Methionine), Raw Material (Plant-Based, Animal-Based), Application (Animal Feed, Food and Supplements, Pharmaceuticals) - Industry Trends and Forecast to 2023 to 2030.
Methionine Market Analysis and Size
The essential factors contributing to the growth of the global methionine market in the forecast period of 2023 to 2030 include the growing adoption of methionine by livestock manufacturers as animal feed additives. Also, methionine is an essential amino acid commonly used as a feed additive in animal nutrition, particularly in poultry and swine. With increasing meat consumption, there is a growing demand for methionine, significantly contributing to the global market’s growth.
Data Bridge Market Research analyses that the global methionine market which was USD 4.11 billion in 2022, is expected to reach USD 6.45 billion by 2030, growing at a CAGR of 5.8% during the forecast period of 2023 to 2030. In 2023, “plant-based” segment will dominate the market due to increasing awareness towards vegan diets and rising awareness towards fitness and healthcare. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Methionine Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Pricing in USD
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Segments Covered
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Type (L- Methionine, MHA, DL-Methionine), Raw Material (Plant-Based, Animal-Based), Application (Animal Feed, Food and Supplements, Pharmaceuticals)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Evonik Industries AG (Germany), Adisseo (France), NOVUS INTERNATIONAL (U.S.), CJ CheilJedang Corp (South Korea), Sumitomo Chemical Co. Ltd. (Japan), AJINOMOTO CO.INC. (Japan), Phibro Animal Health Corporation (U.S.), Prinova Group LLC (U.S.), Sunrise Nutrachem Group (China), UNISCHEM (Hungary), AMINO GmbH (Germany), Beijing FortuneStar S&T Development Co. Limited (China), BEWITAL agri (Germany), H.J. Baker & Bro. LLC (U.S.), Kemin Industries Inc. (U.S.), KG Information System Private Limited (India), Kingchem Life Science LLC (U.S.), MEGAMIX (Poland), SUANFARMA S.A. (Spain), Tokyo Chemical Industry Co. Ltd. (Japan), Volzhsky Orgsynthese JSC (Russia), AnaSpec Inc. (U.S.), Shaanxi Sciphar Natural Products Co. Ltd. (China), Prinova Europe Limited (U.K.)
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Market Opportunities
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Market Definition
Methionine refers to amino acid compound having sulphur with one of the few essential amino acids found in human body. This amino acid is inducing growth in the bodies and various health benefits. The presence of sulphur in methionine assists in the protection of cells from pollutants and development and growth of the human body.
Global Methionine Market Dynamics
Drivers
- The Rise in Meat consumption as Source of Protein among Population across the globe
The rise in meat consumption as a source of protein among the global population can be a driver in the global methionine market. Methionine is an essential amino acid commonly used as a feed additive in animal nutrition, particularly in poultry and swine. With increasing meat consumption, there is a growing demand for methionine to support animal growth, leading to market growth in the global methionine industry.
- The Rise in Adoption of Methionine by Livestock Manufacturers as Animal Feed Additives
Livestock manufacturers use methionine to enhance animal growth, improve feed efficiency, and meet nutritional requirements. As the demand for high-quality animal protein rises, the need for methionine as a crucial feed additive increases, contributing to the growth of the global methionine market.
Opportunities
- Rising Demand for Dietary Supplements among Consumers
The rising demand for dietary supplements among consumers presents an opportunity in the global methionine market. Methionine is commonly used as a supplement in various dietary products due to its health benefits. As more individuals seek nutritional supplements to support their well-being, the demand for methionine as an ingredient in dietary supplements grows, providing an opportunity for the expansion of the global methionine market.
- Increase in the Demand from Cosmetics Industry and Pharmaceutical Sector
The increased demand from the cosmetics industry and pharmaceutical sector can be an opportunity in the global methionine market. Methionine is utilized in the formulation of cosmetic products and pharmaceutical preparations due to its beneficial properties. As these industries continue to expand, the demand for methionine as an ingredient in cosmetics and pharmaceuticals grows, creating opportunities for the global methionine market to cater to these sectors.
Restraint/Challenge
- Implementation of Stringent Regulatory Norms
However, regulatory requirements, such as maximum allowable limits, quality standards, and safety regulations, can increase compliance costs and complexity for methionine manufacturers. Adhering to these stringent norms may require significant investments in research, testing, and documentation, potentially impacting market competitiveness and posing challenges for market participants.
This global methionine market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global methionine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In February 2021, EW Nutrition, a global provider of animal nutrition solutions has bought Novus International, Inc.'s Feed Quality and Pigments busines
- In January 2021, methionine manufacturer Adisseo in order to eaxpand its production capacity announced to open a new liquid methionine plant in China. Its capacity will be 180 kilometric tons per year
Global Methionine Market Scope
The global methionine market is segmented on the basis of type, raw material, and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- L- Methionine
- MHA
- DL-Methionine
Raw Material
- Plant-Based
- Animal-Based
Application
- Animal Feed
- Food and Supplements
- Pharmaceuticals
Global Methionine Market Regional Analysis/Insights
Global methionine market is analysed and market size insights and trends are provided by country, type, raw material, and application as referenced above.
The countries covered in the global methionine market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Europe dominates the global methionine market due to the rise in meat consumption as a source of protein among the global population. Methionine is an essential amino acid commonly used as a feed additive in animal nutrition, particularly in poultry and swine, hence driving the market.
Asia-Pacific is expected to grow in the global methionine market during the forecast period of 2023 to 2030 because of the increasing use of methionine to enhance animal growth, improve feed efficiency, and meet nutritional requirements. The growing need for methionine as a crucial feed additive is also contributing in the market growth.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Methionine Market Share Analysis
The global methionine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global methionine market.
Some of the major players operating in the global methionine market are:
- Evonik Industries AG (Germany)
- Adisseo (France)
- NOVUS INTERNATIONAL (U.S.)
- CJ CheilJedang Corp (South Korea)
- Sumitomo Chemical Co. Ltd. (Japan)
- AJINOMOTO CO.INC. (Japan)
- Phibro Animal Health Corporation (U.S.)
- Prinova Group LLC (U.S.)
- Sunrise Nutrachem Group (China)
- UNISCHEM (Hungary)
- AMINO GmbH (Germany)
- Beijing FortuneStar S&T Development Co. Limited (China)
- BEWITAL agri (Germany)
- H.J. Baker & Bro. LLC (U.S.)
- Kemin Industries Inc. (U.S.)
- KG Information System Private Limited (India)
- Kingchem Life Science LLC (U.S.)
- MEGAMIX (Poland)
- SUANFARMA S.A. (Spain)
- Tokyo Chemical Industry Co. Ltd. (Japan)
- Volzhsky Orgsynthese JSC (Russia)
- AnaSpec Inc. (U.S.)
- Shaanxi Sciphar Natural Products Co. Ltd. (China)
- Prinova Europe Limited (U.K.)
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