Methionine Market Global Industry Analysis and Forecast (2017-2026)
Methionine Market is expected to reach USD 5.72 Billion by 2026 from USD 3.25 Billion in 2016 at a CAGR of 5.83%.
Escalating meat consumption as a source of protein around the world is expected to be a key factor driving the methionine market. Countries such as China and India have been witnessing high meat consumption rate on account of changing food habits. Emergence of frozen meat, meat outlets and changing eating habits among consumers has prompted meat demand which is further expected to increase animal feed additive industry. Methionine is largely used in animal feed application and it is more efficient than fish powder.Methionine MarketMethionine market based on type is segmented into L-methionine, methionine hydroxy analog (MHA) and DL-methionine. DL-methionine type segment is expected to be one of the major contributors for the market of methionine. This is due to its several benefits such as reduced nitrogen excretions, support performance during heat stress and high antioxidant capacity.
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Based on applications methionine market is segmented into animal feed, food & dietary supplements and pharmaceuticals. Animal feed segment is expected to hold one of the largest shares of the market for methionine during the forecast period. Growing concerns about food safety & feed safety and animal health & nutrition to provide a proper diet and feed intake to animal is driving the animal feed application segment.
Geographically, Asia Pacific is expected to be one of the largest markets for methionine during the forecast period. Growing consumption of animal based products and rising health issues are some of the factors expected to drive the market growth.
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Methionine Market, by Type:
• L- Methionine
• methionine hydroxy analog (MHA)
• DL-Methionine
Methionine Market, by Application:
• Animal Feed
• Food & Dietary Supplements
• Pharmaceuticals
Methionine Market, by Geography:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Methionine Market:
• Evonik (Germany)
• Adisseo (France)
• Novus International (US)
• CJ CHEILJEDANG (South Korea)
• Sumitomo Chemical (Japan)
• AJINOMOTO (Japan)
• Phibro (US)
• Prinova Group (US)
• Sunrise Nutrachem (China)
• Chongqing Unisplendour Chemical (China)
MAJOR TOC OF THE REPORT
Chapter One: Methionine Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Methionine Market Competition, by Players
Chapter Four: Global Methionine Market Size by Regions
Chapter Five: North America Methionine Revenue by Countries
Chapter Six: Europe Methionine Revenue by Countries
Chapter Seven: Asia-Pacific Methionine Revenue by Countries
Chapter Eight: South America Methionine Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Methionine by Countries
Chapter Ten: Global Methionine Market Segment by Type
Chapter Eleven: Global Methionine Market Segment by Application
Chapter Twelve: Global Methionine Market Size Forecast (2019-2026)
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