Pune, India, September 2023 /press release/- Market Research Future Published a Half Cooked Research Report on Global Methionine Market Research Report.
Market Research Future (MRFR) has published a cooked research report on the “Global Methionine Market” that contains information from 2023 to 2030. The Global Methionine Market is estimated to register a CAGR of 6.00% during the forecast period of 2023 to 2030.
MRFR recognizes the following companies as the key players in the Global Methionine Market— Sumitomo Chemical Co, LtdEvonik Industries AG, Bluestar Adisseo Co Ltd, Novus International, Tokyo Chemical Industry Co Ltd, Sunrise Nutrachem Group, Prinova Group, AJINOMOTO CO INC, Amino GmbH, Chongqing Unisplendour Chemical Co. Ltd, Sichuan Hebang Group Industry Co Ltd, Adisseo, and Phibro Animal Health Corporation.
Methionine Market Highlights
Global Methionine Market is accounted to register a CAGR of 6.00% during the forecast period and is estimated to reach USD 6.9 Billion by 2030.
Methionine is an essential amino acid, which means that it cannot be synthesized by the human body and must be obtained through dietary sources. It is one of the building blocks of proteins and is crucial for various biological processes. Methionine contains sulfur, making it unique among amino acids. In addition to its role in protein synthesis, methionine serves as a precursor for other important molecules in the body, including cysteine and various sulfur-containing compounds. It is also involved in the synthesis of molecules such as SAM (S-adenosylmethionine), which is a coenzyme involved in numerous biochemical reactions, including DNA methylation and neurotransmitter synthesis. Dietary sources of methionine include various animal and plant-based foods, such as meat, fish, eggs, dairy products, nuts, seeds, and legumes. Methionine plays a critical role in maintaining overall health and proper functioning of various physiological processes in the body.
Segment Analysis
The Global Methionine Market has been segmented based on Type, Application.
Based on Type, the market is segmented into Dl-Methionine, Methionine Hydroxy Analog (Mha), And L-Methionine. The prevalence of the Dl-Methionine category in the Methionine market is attributed to its widespread utilization and diverse applications.
Based on End-Use, the market is segmented into Animal Feed, Food & Beverage, Pharmaceuticals, And Others. The Animal Feed category holds sway over the Methionine market due to its substantial demand within the livestock and poultry industries.
Regional Analysis
The Global Methionine Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global Methionine Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global Methionine Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global Methionine Market comprises of Middle East, Africa, and Latin America.
The Asia-Pacific region emerges as the second-largest player in the Methionine market. This status is attributed to the region's escalating demand for animal feed, a driving factor in Methionine consumption. Notably, the region stands out as a significant Methionine producer, spearheaded by China, which holds the distinction of being the world's largest producer. Anticipated to further fuel market expansion, the region's surging Methionine demand is projected to flourish throughout the forecast period.
Taking its place as the third-largest global Methionine market, Europe's prominence can be attributed to its role as a hub for both top Methionine producers and consumers, particularly in the realm of amino acids. The European Methionine market's growth is accentuated by the increasing integration of amino acids into dietary supplements designed for human consumption. The myriad health advantages associated with Methionine, including inflammation reduction and enhanced liver health, have fueled this trend.
Remaining a steadfast dominant force in the Methionine market, North America is poised to sustain its preeminence in the coming years. The region's producers have reaped the benefits of robust demand from key markets, notably the United States and Canada, cultivating a favorable margin. This profitable positioning has enabled them to channel resources into operational enhancements and expand their production capabilities, affirming North America's continuing stronghold in the Methionine landscape.
Key Findings of the Study
- The Global Methionine Market is expected to reach USD 6.9 Billion by 2030, at a CAGR of 6.00% during the forecast period.
- Taking the second spot in the Methionine market, the Asia-Pacific region's prominence is fueled by a rising appetite for animal feed, a key driver for Methionine consumption. Notably, the region distinguishes itself as a substantial Methionine producer, led by China as the world's foremost producer. With projections pointing to continued market growth, the region's escalating demand for Methionine is expected to thrive in the forecasted period.
- Based on the Type, the Market has been segmented into Dl-Methionine holding the largest market in 2023.
- Sumitomo Chemical Co, LtdEvonik Industries AG, Bluestar Adisseo Co Ltd, Novus International, Tokyo Chemical Industry Co Ltd, Sunrise Nutrachem Group, Prinova Group, AJINOMOTO CO INC, Amino GmbH, Chongqing Unisplendour Chemical Co. Ltd, Sichuan Hebang Group Industry Co Ltd, Adisseo, and Phibro Animal Health Corporation.
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Base Year | 2023 |
Companies Covered | 15 |
Pages | 100 |
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