Global Methionine Market is projected to reach a value of over USD 5.5 billion by 2027

Methionine Market: Summary

The Global Methionine Market is projected to reach a value of over USD 5.5 billion by 2027 at a CAGR of around 4.8%.

Methionine is an amino acid and essential to human for growth and tissue repair in humans, animals, and avian species. It is important for the growth of new blood vessels and maintains the metallic element level in the body. The demand for methionine will increase in the future due to its use as a critical dietary supplement for poultry & livestock and expansion of the world economy along with increased meat consumption.

Methionine Market: Drivers & Opportunities

Market Driver:

  • Growth in the Consumption of Animal-Based Products

In the poultry, swine, and aquaculture industries, methionine is extensively used as an additive in the feed. Animals cannot produce methionine in their body, so it is provided to them in their feed, as a nutritional additive. It is essential for all animals and is used as an ingredient to help animals meet the necessary health requirements. Methionine contains is quite low in natural ingredients, thus, it is provided as nutrient feed additive during the animal feed. Methionine helps improve the efficiency of utilization of protein in the animal’s body. It also aids metabolism, quick growth, and muscle bulk growth. Methionine also helps in performance during heat stress and to reduce nitrogen excretion. The increasing awareness regarding the benefits of healthy animal diet, the demand for methionine is expected to increase during the assessment period.

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Market Opportunities:

  • Increasing Demand for Methionine in Pharmaceutical Applications

Methionine is widely used as a raw material in pharmaceutical applications and as an intermediate in vitamin and liver-related medicine manufacturing. It 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. Moreover, it also used for treating depression, alcoholism, allergies, asthma, copper poisoning, radiation side effects, schizophrenia, drug withdrawal, and Parkinson’s disease. Methionine found a wide range of application in the pharmaceutical industry which is likely to create a huge market opportunity for the methionine market in the near future.

Methionine Market: Key Segments

  • Segmentation based on type: DL-Methionine, Methionine Hydroxy Analogue, and L-Methionine

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Methionine Market: Report Scope

The report on the Methionine market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2019–2027

Base Year for Market Calculation

2020

Forecasted Period

2021–2027 (2021 estimated year, forecasted up to 2027)

Measured Units

Value (USD Billion) and Volume (Kiloton)

Segments Included

Type, Application, and Region

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

Key Companies Covered

  • Evonik Industries AG (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)

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Methionine Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Methionine Market, by Type

  • DL-Methionine

Methionine Market, by Application

  • Animal Feed

Methionine Market, by Region

  • North America

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Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 GLOBAL METHIONINE MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019–2027)

7 GLOBAL METHIONINE MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019–2027)

8 Competitive Landscape

9 Company Profiles

10 Appendix

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