Methionine Market Research Report - Forecast to 2030

Methionine Market Information: By Type (Dl-Methionine, Methionine Hydroxy Analog (Mha), And L-Methionine), End-Use Industry (Animal Feed, Food & Beverage, Pharmaceuticals, And Others), And Region - Forecast Till 2030

ID: MRFR/CnM/4343-HCR | February 2021 | Region: Global | 100 pages

Methionine Market

The global Methionine market is expected to increase the USD 7.26 billion by the forecasting period of 2022, according to the global research reports.

Segmentation

By Type Dl-Methionine Methionine Hydroxy Analog (Mha) And L-Methionine
By End-use Industry Animal Feed Food & Beverage Pharmaceuticals

Key Players

  • Sumitomo Chemical Co.
  • Evonik Industries AG (Germany)
  • Bluestar Adisseo Co.
  • Novus International (U.S.)
  • Sunrise Nutrachem Group (China)
  • Prinova Group LLC (U.S.)
  • AJINOMOTO CO.
  • Amino GmbH (Germany)
  • Chongqing Unisplendour Chemical Co. Ltd. (China)
  • Sichuan Hebang Group Industry Co.
  • Iris Biotech GmbH (Germany)
  • Phibro Animal Health Corporation (U.S.)
  • CJ Cheiljedang Center (South Korea)
  • and Kingchem Life Science LLC (U.S.)

Drivers

  • increasing concerns about food safety and animal health and nutrition
  • increasing joint pain issues in geriatric population
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Methionine Market Overview:


The global Methionine market is expected to increase the USD 7.26 billion by the forecasting period of 2022, according to the global research reports. 


Methionine is one of the most important amino acids, which is especially required for tissue repair & its growth, enhancement of pliability, the tone of hair and skin & strengthening the nails. The major growth of the Methionine marketis very much helpful to the increase in the health issues of customers, growth in the consumption of animal based products & the implementation of animal husbandry practices. To improve the meat quality due to the increasing demand for protein rich food, it is really so much essential across the world. Methionine is actually an antioxidant form. It might help to assist & also protect the body from damage caused by ionizing radiation. It also has the capabilities to detoxify harmful substances in the body, like heavy metals. It also has the capability to prevent damage from extreme acetaminophen poisoning. 


According to research estimates, the growing demand for feed additives to maintain maximized metabolism rates in cattle would promote methionine market growth over the next seven years. Moreover, the rising meat consumption in the Asia Pacific and Latin America may boost Methionine market development. Recent outbreaks of animal sickness in various places have also motivated the introduction of methionine in animal feed. Methionine is an important amino acid that is essential to both human and animal systems. It aids in the production of various protein-containing compounds, as well as sulfur-containing amino acids. Methionine is necessary for the growth and repair of proper tissue in the body ports. It cannot be produced by the body and must be received from food. Consequently, it is classified into two main forms. L-methionine and D-methionine are the two forms of methionine. Each of the segmented forms has special identical chemical make-up, but the molecules are mirror reflections of one another. DL-methionine is a combination of the two.


Methionine is a sulfur-containing amino acid that supports healthy hair and nails while improving skin tone and flexibility. The supplements from the Methionine market are routinely used to treat a variety of illnesses and disorders; however, there is limited scientific evidence to support the supplements' usefulness in disease therapy.


Covid-19 Analysis:


The increasing rates of epidemic & due to the extensively raising of global health emergency period, the entire manufacturing process of Methionine market have been stopped for a period of time. The increased demand for chemicals and materials required to combat the pandemic COVID 19 has resulted in a lack of raw materials for other goods, despite high costs, affecting the Methionine market supply chain. Companies that are actively building capacity to meet the short-term COVID-induced demand must exercise caution when examining these unusual demand patterns. Post-pandemic changes in social, economic, trade, and political factors and projected environmental regulatory improvements will impact the future of the Methionine market industry from 2021 to 2025. During COVID 19, the Methionine market share reported mixed outcomes for various applications and countries. The study highlights the pandemic's segment-specific effects and presents various possible cases showing the Methionine market value overall development through 2028.


Chief Factors Existing in the Market:



Key market drivers:

The development of production works &goods to meet the needs of a given application rather than improving product features as a whole is a growing concept in the Methionine market. To generate possibilities in the Methionine market throughout the projected period, businesses should include digitally linked processes and focus on operational excellence, expanding supply sources, and cost control.

Market challenges:

The global Covid-19 pandemic has been standing as a great challenging period for the Methionine market growth sectors. Due to the stoppage of entire production works, the Methionine market industry has faced a huge challenge & also faces a huge loss in the market industry sectors. 

Market opportunities:

After the completion of the period of lockdown, the Methionine market industry boosts their production work significantly according to meet the demand of the global supply. Several investors & key Methionine market shareholders want to merge with each other & collaborate themselves to build & expand their business worldwide.

Market restraint :

The most major market restraint always depends on the cost & expenses of heavy machinery, raw materials & other industrial accessories & equipment. 

Cumulative Evaluation of the Market:


Over the medium term, the Methionine market growth is driven by developing demand from the aquaculture sector and expanding demand from the poultry industry. Global demand for processed and ready-to-eat meals, particularly frozen foods, is expanding as time-crunched consumers embrace the ease of freezer and microwave cooking. The international transportation restrictions placed throughout the world in reaction to the pandemic affected the supply chain of important raw materials used in methionine manufacturing, such as sulfur, methanol, ammonia, propylene, and so on. This delayed methionine production in a number of nations. The lockdown also affected the activities of various end-user sectors in the market analyzed, resulting in lower methionine demand in comparison to the pre-COVID-19 period. However, the situation is likely to improve in 2021, restoring the market's future growth during the projection period. The demands like these are propelling the poultry industry's expansion, which in turn is propelling the market growth. The difficult production process of methionine, as well as the detrimental impact of the COVID-19 pandemic, are projected to stymie market expansion. Eco-friendly methods of extracting methionine are expected to be commercial potential in the future.


Market Segmentation:


According to the study reports, the Methionine market is segmented into three basic categories by type, end-user industry & region. In terms of by type segment, it is further divided into two main forms liquid & water. By the end-user industry, it is classified into four main courses like food & beverage, pharmaceutical, animal feed & other end-user industries. By the regional analysis, the methionine market is classified into five different seasons South America, North America, Asia-Pacific, Europe, Middle East & Africa. 


Global Methionine Share, by the End-use Industry (%)


 Methionine Share


Regional Analysis:


Despite the fact that the worldwide economic situation is challenging, there will be many surprises in the next years. Because of government policy, numerous firms continue to enter the Methionine market industry. The present demand for Methionine market products is comparatively low in mature markets such as Europe and North America, while it is significantly lower in China due to the government's favorable food industry policy. Europe and North America dominate the worldwide market.

The European area accounts for over half of world manufacturing, followed by the United States. Despite the fact that sales of Methionine marketproducts have created several chances, the research team recommends new competitors who just have money but lack technical advantage and flows assistance not to race into the Methionine market industry. This study focuses on the global market for Methionine, particularly in North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. This research divides the market into four sections: manufacturers, regions, type, and application.


Competitive Intensity within the Industry:


The market for methionine is extremely concentrated, with the top four manufacturers accounting for more than 80% of the market. Adisseo, Evonik Industries AG, NOVUS INTERNATIONAL, Sumitomo Chemical Co. Ltd, and Chongqing Unisplendour Chemical Co. Ltd is among the key competitors in the methionine industry.


Recent Market Developments:


Novus International filed methionine import duties applications with the US Department of Commerce and the International Trade Commission in August 2020. In accordance with the World Trade Organization Antidumping Agreement, the business has submitted a petition to examine methionine imports from Spain, France, and Japan. According to the petition, the unauthorized stockpiling of methionine in the US market at artificially cheap prices has harmed the US agriculture business.


Novus International discontinued its proposal to invest in establishing a new methionine facility in Calhoun County, Texas, United States, in April 2019 owing to an increase in project cost estimates as a result of a jump in engineering, purchasing, and construction prices.


Report Overview:


According to the Methionine market analysis report, the study conducts a deep analysis on potential & market development of the Methionine market sectors. The research looks at market drivers, opportunities, limiting factors, and constraints. It does a quantitative market analysis based on data from annual reports, product literature, industry announcements, and other sources. This report provides a thorough presentation for the firm. The study defines the market condition and forecasts intricacies of the critical zones via the logical presentation of main producers, product categories, and end-client associations. The research aims at new competitors that have been added to the global Methionine market report. When establishing corporate profiles, the company's image, geographical presence, product portfolio, and recent successes are all taken into account. It also covers strategic alliances, a sector overview, a competitive analysis, and market growth trends.


Key Industrial Segmentation:


Product Types:



  • Liquid

  • Solid


End-User Industry Types:



  • Food & Beverages

  • Pharmaceutical

  • Animal Feed

  • Others


Regional Analysis:



  • South America

  • North America

  • Asia Pacific

  • Middle East & Africa

  • Europe



Report Scope:
Report Attribute/Metric Details
  Market Size   Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019 & 2020
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and end-use industry
  Geographies Covered   Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa
  Key Vendors   Sumitomo Chemical Co., Ltd (Japan), Evonik Industries AG (Germany), Bluestar Adisseo Co., Ltd. (China), Novus International (U.S.), Tokyo Chemical Industry Co., Ltd. (Japan), Sunrise Nutrachem Group (China), Prinova Group LLC (U.S.), AJINOMOTO CO., INC (Japan), Amino GmbH (Germany), Chongqing Unisplendour Chemical Co. Ltd. (China), Sichuan Hebang Group Industry Co., Ltd (China), Iris Biotech GmbH (Germany), Phibro Animal Health Corporation (U.S.), CJ Cheiljedang Center (South Korea), and Kingchem Life Science LLC (U.S.)
  Key Market Opportunities   usage of Methionine in major end-user industries such as animal feed, food & beverage, pharmaceutical
  Key Market Drivers

  • increasing concerns about food safety and animal health and nutrition
  • increasing joint pain issues in geriatric population


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    Frequently Asked Questions (FAQ) :

    Methionine is an essential amino acid used for growth and tissue repair. It is found in high levels in meat, eggs, cheese, spinach, asparagus, and sesame seeds, among others.

    Major end users of methionine include the animal feed, food and beverage, and pharmaceutical industries.

    Growing demand from the animal feed segment is the major driver for the methionine market.

    Asia Pacific is a significant market due to the growing cattle and dairy production in China and India.

    Leading players in the market include Sumitomo Chemical, Evonik, and Novus International, among others.