Global Methionine Market 2017-2021
Methionine is classified as an essential amino acid, which cannot be synthesized by the human body and must be consumed as a part of the regular diet or as a dietary supplement. It is one of the sulfur-containing amino acids, besides cysteine. Methionine is used extensively in applications, such as animal feed, food and dietary supplements, and pharmaceuticals. It plays a significant role in the synthesis of proteins such as carnitine or melatonin. In addition, it has a fat-dissolving effect; it reduces the deposition of fat in the liver.
Technavio’s analysts forecast the global methionine market to grow at a CAGR of 6.52% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global methionine market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Methionine Market 2017-2021
Technavio recognizes the following companies as the key players in the global methionine market: China National BlueStar, CJ CheilJedang, Evonik Industries, Sumitomo Chemical, and TOKYO CHEMICAL INDUSTRY.
Other Prominent Vendors in the market are: AJINOMOTO, IRIS BIOTECH, NOVUS INTERNATIONAL, Phibro Animal Health, SUANFARMA, and Volzhsky Orgsynthese.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increased use of dietary and sports supplements for healthy lifestyle. People around the world have become more health conscious and are embracing a healthy lifestyle. People are more inclined toward sports and fitness. Nutrition is considered as one of the key aspects of sports. A healthy diet comprising vital nutrients is essential for an athlete or an individual involved in any type of sport to enhance one's performance in the game.”
According to the report, one driver in the market is growing demand for protein. The demand for protein has risen rapidly over the years and will continue to increase during the forecast period. Poultry is the most efficient source of protein compared to other sources. In emerging economies, such as Latin America and APAC, the growing demand for meat by consumers is driving the growth of the global methionine market. Methionine is used extensively in the production of proteins for animal nutrition. These proteins help livestock to gain appropriate weight and regular metabolism.
Further, the report states that one challenge in the market is limited supply of raw material. The raw material used for the production of methionine has undergone volatility since early 2002, and this fluctuation in the production, trade, and stocks of agricultural commodities has been unusually high, which has a negative impact on the market growth. The raw materials used in the production of methionine are not easily transportable, leading to a limited number of suppliers. Moreover, the rising price of energy, increased cost of production, processing, and transportation of methionine will lead to the decline of the methionine market.
China National BlueStar, CJ CheilJedang, Evonik Industries, Sumitomo Chemical, TOKYO CHEMICAL INDUSTRY, AJINOMOTO, IRIS BIOTECH, NOVUS INTERNATIONAL, Phibro Animal Health, SUANFARMA, and Volzhsky Orgsynthese.
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