Global Methionine Market - 2021-2028

Global Methionine Market - 2021-2028

Market Overview

The Global Methionine Market at a CAGR of 5.08% during the forecast period (2021-2028).

Methionine is a sulfur-containing amino acid required as an initiator of protein synthesis and for translation insulation as a component of proteins. It helps build the proteins that make up the tissues and organs of a body. Methionine is found in meat, fish and dairy products. Moreover, it plays a vital role in many functions within the body. For instance, it is used as a precursor in producing other proteins.

It is one of the crucial amino acids for moderate growth and development in avian species, humans and other mammals. Moreover, there are three (3) types of methionine: MHA, DL-Methionine and L-Methionine. DL-Methionine is typically produced by chemical synthesis from methyl mercaptan, acrolein and hydrogen cyanide.

In addition, the various grades of methionine are feed grade and pharmaceutical grade. The utilization of methionine in pharmaceutical applications is growing, owing to its therapeutic benefits in treating liver toxic hepatitis, cirrhosis pneumonia and copper poisoning. As mentioned above, it is used as a buffering agent in analgesics and antacids to treat diseases.

Market Dynamics

The need for a sustainable way to utilize available aquaculture resources to an increasing population drives the methionine market. However, poor availability and side effects on health are expected to restrain the aspartic acid market.

The need for a sustainable way to utilize available aquaculture resources to an increasing population

The aquaculture industry needs a sustainable way of using available resources to supply an increasing population with affordable and nutritious protein. Therefore, it is a necessity for industry and academia to work on specifications of fish feed formulas that cost-efficiently optimize the nutrition and health of fish throughout their entire production cycle, for instance, using methionine.

Modern aquaculture diets are designed with low or no fish meal and higher plant protein sources. The change in diet formulation results in methionine being typically the first limiting amino acid in insufficient amounts in the fish and shrimp diets. Methionine has a vital role as a building block in protein synthesis.

Recent research shows it is an essential regulator of carbohydrate and lipid metabolism, antioxidant defense, immune response and overall fish health status. Additionally, as a precursor of S-adenosylhomocysteine (SAH) and S-adenosylmethionine (SAM), methionine can modulate the expression of genes related to the growth and health of animals by DNA methylation reactions.

Commercial feed producers have discovered that supplementing methionine levels in aquafeed results in better animal production. Recent studies in fish demonstrate that methionine deficiency modulates a key intracellular signaling pathway, resulting in increased expression of several genes involved in protein degradation and inhibition of protein synthesis.

Poor availability and side effects on health are expected to restrain the aspartic acid market

Synthetic methionine use in animal feed is restricted, with other synthetic amino acids being banned for the same reason. It is difficult to deliver adequate methionine to support animal growth and productive performance up to existing industry standards. Methionine requirements can be obtained for organic poultry by increasing dietary crude protein through expeller-pressed soybean meal to the diets without synthetic amino acids.

Moreover, it is possibly safe when taken by mouth or given intravenously (by IV) under the supervision of a healthcare professional. But, in some people, methionine may cause headache, heartburn, diarrhea, nausea, dizziness, or drowsiness.

COVID-19 Impact Analysis

Although COVID-19 vaccinations are now available and pharmacologic treatments are being developed, there is still much interest in dietary supplement constituents that may improve or control COVID-19 indications and symptoms by enhancing immune function and reducing inflammation. As a result, sales of nutritional supplements marketed for immunological health rose. The immune system, which includes innate, first-line defense and adaptive responses, protect the body against disease-causing microorganisms.

Segment Analysis

The methionine market is segmented into animal feed, dietary supplements, pharmaceuticals and others based on application.

The animal feed segment will dominate that market as methionine is used as an additive and food supplement for cattle, poultry, swine and aquaculture industries. Animals cannot produce methionine in their body, so it is provided to them in their feed as a nutritional additive.

Methionine helps improve the efficiency of protein utilization in animals by aiding metabolism, fast growth and muscle bulk growth. In addition, it helps in performance during heat stress and reduces nitrogen excretion. The right type of feed is necessary to provide nutritious ingredients to animals, so methionine is a valuable raw material for the animal feed industry.

The products also help in sustainable production and improve the environment. The rising incidences of animal diseases have led to the increased use of methionine in animal feed in various regional markets. For instance, Asia-Pacific and North America have more demands for maintaining adequate metabolism rates in livestock.

Moreover, consumer awareness has grown, which has increased the demand for animal feed. For instance, the UN Food and Agricultural Organization (FAO) estimates that the world will have to produce 60% more food by 2050 and it is believed that meats (poultry/swine/beef) will double. Dairy and fish production will triple by 2050.

Geographical Analysis

The methionine market is segmented into North America, Europe, South America, Asia-Pacific and Middle East & Africa based on geography.

Asia-Pacific will dominate the methionine market with the increasing population of countries such as China and India resulting in more demand for meat products and dietary supplements. China is expected to lead the region to develop China's aquaculture industry. The capacity of pork, eggs and livestock also ranked in the first place globally, creating an exciting opportunity for the methionine market in the country.

Because of this, companies such as Bluestar, Adisseo and Evonik aim to expand their production facilities in the region. For instance, Adisseo announced a new liquid methionine plant in China, with an annual capacity of 180-kilo metric tons per year, expected to be operational by mid-2021. Moreover, Evonik AG Industries started basic engineering to construct a second world-scale production plant for the amino acid DL-methionine in Singapore. The company aims of a projected annual production capacity of 150,000 metric tons streamed in 2019.

Besides, in April 2019, Sumitomo Chemical Co., Ltd., The Sumitomo Warehouse Co., Ltd. and Shikoku Kaihatsu Ferry Co., Ltd. jointly announced received a Comprehensive Efficiency Plan certification from Japan's government business plan involving domestic transportation by ship in Japan of feed additive methionine produced at the Sumitomo Chemical's Ehime Works.

Competitive Landscape

The methionine market is highly competitive with the presence of local and global companies. Major companies contributing to the market's growth include Evonik Industries AG, Adisseo, NOVUS GLOBAL, Sumitomo Chemical Co. Ltd, Chongqing Unisplendour Chemical Co. Ltd, CJ CHEILJEDANG, AJINOMOTO, Phibro, Prinova Group and Sunrise Nutrachem. The major companies are embracing growth plans such as product launches, acquisitions and collaborations, contributing to the growth of the methionine market globally.

Evonik Industries AG

Overview: Evonik Industries AG is a German specialty chemicals company. The RAG Foundation owns the company. The company is headquartered in Essen, North Rhine-Westphalia, Germany.

Product Portfolio: Evonik Industries AG offers MetAMINO that supplies sulfur amino acids, particularly the essential methionine. It is a natural amino acid with a purity of > 99% and higher bio-efficacy. Its fast and complete absorption guarantees high nutritional value while good flowability.

Key Development:

In October 2020, Evonik Industries AG clustered its MetAMINO, i.e., DL-methionine production, at three global hubs, Americas, Europe and Asia-Pacific, to maximize economies of scale and utilize processes robustly.

Why Purchase the Report?

Visualize the composition of the methionine market segmentation by type, form, grade, application and region, highlighting the key commercial assets and players.

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Excel data sheet with thousands of data points of methionine market-level 4/5 segmentation.

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Target Audience

Manufacturers of Methionine

Animal Feed Manufacturers

Food & Supplements Manufacturers

Traders, Distributors and Suppliers of Methionine

Regional Manufacturers Associations and General Amino Acid Associations

Investment Research Firms