BANGALORE, India, Aug. 18, 2021 /PRNewswire/ -- Methionine Market By Types - Solid Methionine, Liquid Methionine, By Application - Feed, pharmaceutical, Food, Others. Global Opportunity Analysis and Industry Forecast, 2021-2027. It is published in Valuates Reports under the Nutrition Category.
In 2020, the global Methionine market size was USD 6423 million and it is expected to reach USD 8380.2 million by the end of 2027, with a CAGR of 4.0% during 2021-2027.
Major factors driving the growth of the methionine market are:
- Increasing the application of methionine as broiler feed is expected to increase the methionine market growth. Methionine is an amino acid that is important for protein synthesis in broiler feeds, but it also affects the bird's ability to absorb amino acids in the intestines.
- Rising demand for dietary supplements among consumers, supported by the growing interest in leading a healthy lifestyle, avoiding healthcare costs, and increasing the geriatric population is expected to increase the methionine market growth. Methionine is used to prevent liver damage in acetaminophen (Tylenol) poisoning. It is also used for increasing the acidity of urine, treating liver disorders, and improving wound healing.
- Rising consumption of sports supplements is also anticipated to complement the demand for methionine over the forecast period.
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TRENDS INFLUENCING THE GROWTH OF THE METHIONINE MARKET:
- Demand for processed and ready-to-eat meals, particularly frozen foods, is increasing as consumers become more pressed for time and embrace the ease of freezer and microwave cooking. Demands like these are propelling the poultry sector forward, which in turn is expected to drive the methionine market. Methionine is one of the important feed additives for poultry & cattle development. Methionine improves the efficiency with which animals utilize the protein. It also helps with metabolism, rapid growth, and muscle bulk. It also improves performance in heat stress and lowers nitrogen excretion. In addition, rising meat consumption in the Asia Pacific and Latin America is likely to boost the methionine market growth.
- Methionine is an amino acid that helps your body make several essential compounds. These substances are necessary for your cells to function properly. The use of Methionine in the pharmaceutical sector helps to improve the immune system by reducing intestinal oxidative stress, proliferating crypt cells, increasing goblet cells and intestinal structure. Furthermore, it may aid in the prevention of ionizing radiation-induced harm to the body. It may help the body eliminate hazardous compounds like heavy metals. It may also help to prevent acetaminophen toxicity from causing liver damage. It may also aid in the prevention of fat deposits in the liver.
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METHIONINE MARKET SHARE ANALYSIS
Based on region, Europe is the largest market, with a share of over 40%, followed by Japan, and North America, both have a share of about 35 percent.
Based on product, Solid Methionine is the largest segment, with a share of about 75%.
Based on application, the Feed segment is expected to be the most lucrative. Methionine is widely utilized as a feed supplement in the cattle, poultry, swine, and aquaculture industries. Methionine is an important amino acid for all animals, but they do not synthesize it, thus they must obtain it through their diet. Because natural foods have a low methionine concentration, more methionine must be added to the animals' feed as a nutritional feed additive to meet their needs.
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TOP COMPANIES IN THE METHIONINE MARKET
Global Methionine key players include Evonik, Adisseo (Bluestar), NOVUS, etc. Global top three manufacturers hold a share of nearly 75%.
Methionine Market By Types
- Solid Methionine
- Liquid Methionine
Methionine Market By Application
- Feed
- Pharmaceutical
- Food
- Others
Methionine Market By Regions
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- South Korea
- India
- Southeast Asia
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Methionine Market By Companies
- Evonik
- Adisseo (Bluestar)
- NOVUS
- Sumitomo Chemical
- CJ Cheiljedang Corp
- Chongqing Unisplendour Chemical
- Sichuan Hebang
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SIMILAR REPORTS :
-Global N-Acetyl-L-Methionine key players include Evonik, Jusheng Technology, SPECOM BIOCHEMICAL, Yuanfang Chemical, Zhenhai Haide, etc. Global top five manufacturers hold a share of about 85%. Europe is the largest market, with a share over 50%, followed by China and the USA, both having a share of about 35%. In terms of application, the largest application is Food additives, followed by Pharmaceutical Intermediates, Pesticide Intermediates, etc.
- The global S-Adenosyl Methionine market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global S-Adenosyl Methionine market will be able to gain the upper hand as they use the report as a powerful resource.
- Global Iron Methionine Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Iron Methionine, Product-Type: Food Grade, Cosmetic Grade, Industrial Grade, Application: Food Additives, Cosmetics, Others.
- Global Selenium Methionine Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Selenium Methionine, Product-Type: Powder, Capsule, Others, Application: Feed Additives, Nutritional Supplements, Others.
- Global Solid Methionine Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Solid Methionine, Product-Type: Medical Grade, Feed Grade, Application: Feed, Pharmaceutical, Food, Others.
- Global Rumen Protected Methionine Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Rumen Protected Methionine, Product-Type: Choline, Amino Acid Solutions, Calcium Chloride, Others, Application: Animal Feed, Food and Supplements, Others.
- The Methionine Additive Market research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027.
-Methionine for Food Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Potter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Methionine for Food, Product-Type: Liquid Methionine, Solid Methionine, Application: Adults, Children.
- Global Methionine for Pharmaceutical Sales Market Research Report contains Market Size, Market Share, Market Dynamics, Porter's 5 force Analysis, Segmentation, Regional and Competitor Analysis. Product: Methionine for Pharmaceutical, Product-Type: Liquid Methionine, Solid Methionine, Application: Tablets, Liquid, Others.
- The global Methionine for Feed market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Methionine for Feed market will be able to gain the upper hand as they use the report as a powerful resource.
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