Global Methionine Market, By Type (L-Methionine, MHA (Methionine Hydroxy Analogue), DL-Methionine And Others); By Applications (Animal Feed, Food & Dietary Supplements, Pharmaceuticals, And Others); By Region (North America, Europe, The Asia Pacific, Lati
Description
Global Methionine Market, By Type (L-Methionine, MHA (Methionine Hydroxy Analogue), DL-Methionine And Others); By Applications (Animal Feed, Food & Dietary Supplements, Pharmaceuticals, And Others); By Region (North America, Europe, The Asia Pacific, Latin America, The Middle East, And Africa); Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Global Methionine Market to Boost in Coming Years – Projected to Stand at USD 5,728 Million by 2028
The growth in the methionine market is primarily attributed to growing feed additives demand for maintaining a sufficient metabolism rate in the farm. Moreover, rising meat consumption in Asia-Pacific and Latin America is also likely to positively impact the global methionine market growth…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global methionine market was worth USD 4,066.2 million in 2021 and is projected to reach up to USD 5,728.1 million by the year 2028, growing at a CAGR of 5.2% over the analysis period of 2022-2028. The expansion in the Methionine market is primarily attributed to the growing world population per year that will demand more food and various strategic approaches to get nutrition to keep the livestock productive and healthy. Moreover, the expansion of consumer choices coupled with rising income may demand protein foods like seafood, dairy products, and meat, thus propelling the growth rate of the global methionine market during the forecast year.
Extensive Application Of Methionine In Pharmaceutical Sector Driving The Global Market Growth
Methionine is considered the major source of protein for animals and has a wide range of health benefits and medical applications. Thus, it finds extensive usage in the pharmaceutical sector. Methionine helps improve the immune system by reducing intestinal oxidative stress, proliferating crypt cells, increasing goblet cells and intestinal structure. Furthermore, it may help in the prevention of ionizing radiation-induced harm to the body. It helps the body remove hazardous compounds such as heavy metals and helps prevent acetaminophen toxicity. It may also help in the prevention of fat deposits in the liver. L-Methionine is a standard provider of sulfur that prevents disease of the hair, skin, and nails. Furthermore, it even helps lower cholesterol levels by increasing the liver's production of lecithin, reducing liver fat, and protecting the kidneys. Due to the benefits mentioned above, methionine finds extensive usage in the pharmaceutical sector, thus driving the market growth rate of the global methionine market.
Food & Supplements Application Segment To Grow At A Higher Rate During The Forecast Period
The increasing trend towards a healthy life in recent years and the soaring demand for protein to fulfill the complete diet are influencing the growth of the methionine market. As poultry animals are considered a good source of protein and are easily available, they are getting popular among people. Thus, the food & supplements segment of the methionine market is expected to develop at the maximum CAGR during the forecast period. High demand for methionine in nutraceutical & dietary supplements and convenience food applications is being widely witnessed, as it provides nutritional benefits and enhanced flavors. Due to these properties of methionine, it is used in various food & supplements applications such as nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others. Thus, the factors mentioned above boomed the market growth rate of the global methionine market during the forecast period 2022-2028.
Impact Of COVID-19 On The Global Methionine Market
The emergence of the COVID-19 pandemic has disrupted the global methionine market. The lockdowns in major countries have completely shut down the methionine industries for several months. It is important to assess the impacts of the lockdowns in different industries. Since the COVID-19 has disrupted the supply channels reduced the workforce in companies of methionine due to social distancing. Also, it has lowered the market demand as people have decreased their per capita expenditure in several countries, and restriction on movement during lockdown has played the main role in lowering the growth of the automotive lubricant market. The pandemic has impacted the global methionine market in such a situation. But soon after lockdown, markets are expected to return to normal, and the hope for marvelous growth in the coming future definitely persists.
The Asia-Pacific Region Catered The Largest Market Share In The Global Methionine Market
In terms of regional analysis, the global methionine market is classified into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to be the largest growing global methionine market due to the increasing dietary supplement demand, increasing cardiovascular disease, and obesity prevalence among people. Asia Pacific region is likely to enlarge at a momentous growth rate due to rising meat consumption in India, China, Vietnam, and other major countries. The varying food habits coupled with high disposable incomes resulted in the growth of the global methionine market. Moreover, Latin America is one of the major consumers of poultry products and is estimated to exhibit considerable growth. Other Regions, including eastern Europe and the Middle East and Africa markets, are projected to gain a grip over the forecast period due to altering trends for food and increasing protein intake in the diet is flourishing the growth of the methionine market in the region.
Competitive Landscape
The global methionine market is characterized by the presence of many local, regional, and global vendors. The methionine market is highly competitive, with all the players continually competing to gain a larger market share. The key players operating in the global Methionine market are Adisseo, NOVUS INTERNATIONAL, Evonik Industries AG, Sumitomo Chemical Co., Ltd., IRIS BIOTECH, GMBH, Zhejiang NetSun Co., Ltd., Royal DSM, AJINOMOTO Co., Inc., Chongqing Unisplendour Chemical Co. Ltd and other prominent players.
Don’t miss the business opportunity of the global methionine market. Consult our analysts to gain crucial insights and facilitate your business growth
The report's in-depth analysis provides information about growth potential, upcoming trends, and the global methionine market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global methionine market ¬along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
About Us
Blue Weave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Global Methionine Market to Boost in Coming Years – Projected to Stand at USD 5,728 Million by 2028
The growth in the methionine market is primarily attributed to growing feed additives demand for maintaining a sufficient metabolism rate in the farm. Moreover, rising meat consumption in Asia-Pacific and Latin America is also likely to positively impact the global methionine market growth…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global methionine market was worth USD 4,066.2 million in 2021 and is projected to reach up to USD 5,728.1 million by the year 2028, growing at a CAGR of 5.2% over the analysis period of 2022-2028. The expansion in the Methionine market is primarily attributed to the growing world population per year that will demand more food and various strategic approaches to get nutrition to keep the livestock productive and healthy. Moreover, the expansion of consumer choices coupled with rising income may demand protein foods like seafood, dairy products, and meat, thus propelling the growth rate of the global methionine market during the forecast year.
Extensive Application Of Methionine In Pharmaceutical Sector Driving The Global Market Growth
Methionine is considered the major source of protein for animals and has a wide range of health benefits and medical applications. Thus, it finds extensive usage in the pharmaceutical sector. Methionine helps improve the immune system by reducing intestinal oxidative stress, proliferating crypt cells, increasing goblet cells and intestinal structure. Furthermore, it may help in the prevention of ionizing radiation-induced harm to the body. It helps the body remove hazardous compounds such as heavy metals and helps prevent acetaminophen toxicity. It may also help in the prevention of fat deposits in the liver. L-Methionine is a standard provider of sulfur that prevents disease of the hair, skin, and nails. Furthermore, it even helps lower cholesterol levels by increasing the liver's production of lecithin, reducing liver fat, and protecting the kidneys. Due to the benefits mentioned above, methionine finds extensive usage in the pharmaceutical sector, thus driving the market growth rate of the global methionine market.
Food & Supplements Application Segment To Grow At A Higher Rate During The Forecast Period
The increasing trend towards a healthy life in recent years and the soaring demand for protein to fulfill the complete diet are influencing the growth of the methionine market. As poultry animals are considered a good source of protein and are easily available, they are getting popular among people. Thus, the food & supplements segment of the methionine market is expected to develop at the maximum CAGR during the forecast period. High demand for methionine in nutraceutical & dietary supplements and convenience food applications is being widely witnessed, as it provides nutritional benefits and enhanced flavors. Due to these properties of methionine, it is used in various food & supplements applications such as nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others. Thus, the factors mentioned above boomed the market growth rate of the global methionine market during the forecast period 2022-2028.
Impact Of COVID-19 On The Global Methionine Market
The emergence of the COVID-19 pandemic has disrupted the global methionine market. The lockdowns in major countries have completely shut down the methionine industries for several months. It is important to assess the impacts of the lockdowns in different industries. Since the COVID-19 has disrupted the supply channels reduced the workforce in companies of methionine due to social distancing. Also, it has lowered the market demand as people have decreased their per capita expenditure in several countries, and restriction on movement during lockdown has played the main role in lowering the growth of the automotive lubricant market. The pandemic has impacted the global methionine market in such a situation. But soon after lockdown, markets are expected to return to normal, and the hope for marvelous growth in the coming future definitely persists.
The Asia-Pacific Region Catered The Largest Market Share In The Global Methionine Market
In terms of regional analysis, the global methionine market is classified into North America, Europe, The Asia Pacific, Latin America, The Middle East, and Africa. Amidst the segmentation, the Asia-Pacific region is expected to be the largest growing global methionine market due to the increasing dietary supplement demand, increasing cardiovascular disease, and obesity prevalence among people. Asia Pacific region is likely to enlarge at a momentous growth rate due to rising meat consumption in India, China, Vietnam, and other major countries. The varying food habits coupled with high disposable incomes resulted in the growth of the global methionine market. Moreover, Latin America is one of the major consumers of poultry products and is estimated to exhibit considerable growth. Other Regions, including eastern Europe and the Middle East and Africa markets, are projected to gain a grip over the forecast period due to altering trends for food and increasing protein intake in the diet is flourishing the growth of the methionine market in the region.
Competitive Landscape
The global methionine market is characterized by the presence of many local, regional, and global vendors. The methionine market is highly competitive, with all the players continually competing to gain a larger market share. The key players operating in the global Methionine market are Adisseo, NOVUS INTERNATIONAL, Evonik Industries AG, Sumitomo Chemical Co., Ltd., IRIS BIOTECH, GMBH, Zhejiang NetSun Co., Ltd., Royal DSM, AJINOMOTO Co., Inc., Chongqing Unisplendour Chemical Co. Ltd and other prominent players.
Don’t miss the business opportunity of the global methionine market. Consult our analysts to gain crucial insights and facilitate your business growth
The report's in-depth analysis provides information about growth potential, upcoming trends, and the global methionine market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global methionine market ¬along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the market's growth drivers, challenges, and competitive dynamics.
About Us
Blue Weave Consulting provides all-inclusive Market Intelligence (MI) Solutions to businesses regarding various products and services online & offline. We offer comprehensive market research reports by analyzing qualitative and quantitative data to boost your business solution's performance. BWC has built its reputation from the scratches by delivering quality inputs and nourishing long-lasting relationships with its clients. We are a promising digital MI solutions company providing agile assistance to make your business endeavors successful.
Table of Contents
208 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Methionine Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Methionine Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. L-Methionine
- 5.2.1.2. MHA (Methionine Hydroxy Analogue)
- 5.2.1.3. DL-Methionine
- 5.2.1.4. Others
- 5.2.2. By Applications
- 5.2.2.1. Animal Feed
- 5.2.2.2. Food & Dietary Supplements
- 5.2.2.3. Pharmaceuticals
- 5.2.2.4. Others
- 5.2.3. By Region
- 5.2.3.1. North America
- 5.2.3.2. Europe
- 5.2.3.3. The Asia Pacific
- 5.2.3.4. Latin America
- 5.2.3.5. The Middle East and Africa
- 6. North America Methionine Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Applications
- 6.2.3. By Country
- 6.2.3.1. United States
- 6.2.3.2. Canada
- 7. Europe Methionine Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Applications
- 7.2.3. By Country
- 7.2.3.1. Germany
- 7.2.3.2. United Kingdom
- 7.2.3.3. Italy
- 7.2.3.4. France
- 7.2.3.5. Spain
- 7.2.3.6. Rest of Europe
- 8. The Asia Pacific Methionine Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Applications
- 8.2.3. By Country
- 8.2.3.1. China
- 8.2.3.2. India
- 8.2.3.3. Japan
- 8.2.3.4. South Korea
- 8.2.3.5. Rest of Asia Pacific
- 9. Latin America Methionine Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Applications
- 9.2.3. By Country
- 9.2.3.1. Brazil
- 9.2.3.2. Mexico
- 9.2.3.3. Rest of Latin America
- 10. The Middle East & Africa Methionine Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Applications
- 10.2.3. By Country
- 10.2.3.1. Saudi Arabia
- 10.2.3.2. UAE
- 10.2.3.3. South Africa
- 10.2.3.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of Covid-19 on Global Methionine Market Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Adisseo
- 13.2. NOVUS INTERNATIONAL
- 13.3. Evonik Industries AG
- 13.4. Sumitomo Chemical Co., Ltd.
- 13.5. IRIS BIOTECH GMBH
- 13.6. Zhejiang NetSun Co., Ltd.
- 13.7. Royal DSM
- 13.8. AJINOMOTO Co., Inc.
- 13.9. Chongqing Unisplendour Chemical Co. Ltd
- 13.10. Arkema Group
- 13.11. METabolic Explorer
- 13.12. Archer Daniels Midland Company
- 13.13. Ajinomoto Co. Inc
- 13.14. Royal DSM
- 13.15. BASF SE
- 13.16. Shaanxi Sciphar Hi-tech Industry Co Ltd
- 13.17. Kyowa Hakko Bio Co
- 13.18. Prinova U.S. LLC
- 13.19. AnaSpec Inc.
- 13.20. Other prominent players.
- 14. Key Strategic Recommendations
- *Financial information in case of non-listed companies will be provided as per availability
- **The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
- List of Figures
- Figure 1 Global Methionine Segmentation
- Figure 2 Global Methionine Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Methionine Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 7 Global Methionine Market Share, By Region, By Value, 2018-2028
- Figure 8 North America Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 9 North America Methionine Market Share, By Type, By Value, 2018-2028
- Figure 10 North America Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 11 North America Methionine Market Share, By Country, By Value, 2018-2028
- Figure 12 Europe Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 13 Europe Methionine Market Share, By Type, By Value, 2018-2028
- Figure 14 Europe Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 15 Europe Methionine Market Share, By Country, By Value, 2018-2028
- Figure 16 The Asia-Pacific Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 17 The Asia-Pacific Methionine Market Share, By Type, By Value, 2018-2028
- Figure 18 The Asia-Pacific Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 19 The Asia-Pacific Methionine Market Share, By Country, By Value, 2018-2028
- Figure 20 Latin America Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 21 Latin America Methionine Market Share, By Type, By Value, 2018-2028
- Figure 22 Latin America Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 23 Latin America Methionine Market Share, By Country, By Value, 2018-2028
- Figure 24 The Middle East & Africa Methionine Market Size, By Value (USD Million), 2018-2028
- Figure 25 The Middle East & Africa Methionine Market Share, By Type, By Value, 2018-2028
- Figure 26 The Middle East & Africa Methionine Market Share, By Applications, By Value, 2018-2028
- Figure 27 The Middle East & Africa Methionine Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Methionine Market Size, By Type, By Value, 2018-2028
- Table 2 Global Methionine Market Size, By Applications, By Value, 2018-2028
- Table 3 Global Methionine Market Size, By Region, By Value, 2018-2028
- Table 4 North America Methionine Market Size, By Type, By Value, 2018-2028
- Table 5 North America Methionine Market Size, By Applications, By Value, 2018-2028
- Table 6 North America Methionine Market Size, By Country, By Value, 2018-2028
- Table 7 Europe Methionine Market Size, By Type, By Value, 2018-2028
- Table 8 Europe Methionine Market Size, By Applications, By Value, 2018-2028
- Table 9 Europe Methionine Market Size, By Country, By Value, 2018-2028
- Table 10 The Asia-Pacific Methionine Market Size, By Type, By Value, 2018-2028
- Table 11 The Asia-Pacific Methionine Market Size, By Applications, By Value, 2018-2028
- Table 12 The Asia-Pacific Methionine Market Size, By Country, By Value, 2018-2028
- Table 13 Latin America Methionine Market Size, By Type, By Value, 2018-2028
- Table 14 Latin America Methionine Market Size, By Applications, By Value, 2018-2028
- Table 15 Latin America Methionine Market Size, By Country, By Value, 2018-2028
- Table 16 The Middle East & Africa Methionine Market Size, By Type, By Value, 2018-2028
- Table 17 The Middle East & Africa Methionine Market Size, By Applications, By Value, 2018-2028
- Table 18 The Middle East & Africa Methionine Market Size, By Country, By Value, 2018-2028
- Table 19 Adisseo Company Overview
- Table 20 Adisseo Financial Overview
- Table 21 NOVUS INTERNATIONAL Company Overview
- Table 22 NOVUS INTERNATIONAL Financial Overview
- Table 23 Sumitomo Chemical Co., Ltd. Company Overview
- Table 24 Sumitomo Chemical Co., Ltd. Financial Overview
- Table 25 IRIS BIOTECH GMBH Company Overview
- Table 26 IRIS BIOTECH GMBH Financial Overview
- Table 27 Royal DSM Company Overview
- Table 28 Royal DSM Financial Overview
- Table 29 Chongqing Unisplendour Chemical Co. Ltd Company Overview
- Table 30 Chongqing Unisplendour Chemical Co. Ltd Financial Overview
- Table 31 Arkema Group Company Overview
- Table 32 Arkema Group Financial Overview
- Table 33 METabolic Explorer Company Overview
- Table 34 METabolic Explorer Financial Overview
- Table 35 Archer Daniels Midland Company Overview
- Table 36 Archer Daniels Midland Company Financial Overview
- Table 37 Ajinomoto Co. Inc Company Overview
- Table 38 Ajinomoto Co. Inc Financial Overview
- Table 39 Royal DSM Company Overview
- Table 40 Royal DSM Financial Overview
- Table 41 BASF SE Company Overview
- Table 42 BASF SE Financial Overview
- Table 43 Shaanxi Sciphar Hi-tech Industry Co Ltd Company Overview
- Table 44 Shaanxi Sciphar Hi-tech Industry Co Ltd Financial Overview
- Table 45 Kyowa Hakko Bio Co Company Overview
- Table 46 Kyowa Hakko Bio Co Financial Overview
- Table 47 Prinova U.S. LLC Company Overview
- Table 48 Prinova U.S. LLC Financial Overview
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