Methionine Market: Global Industry Analysis And Forecast (2022-2029)

Methionine Market size was valued at US$ 1.96 Bn. in 2022 and the total Methionine revenue is expected to grow by 5.6% from 2022 to 2029, reaching nearly US$ 2.87 Bn.
Methionine Market Overview:
Methionine (MET) is involved in cellular metabolism at several levels, including as a protein component, in the commencement of mRNA translation, and as a control molecule in the form of S-adenosylmethionine (SAM). As a result, MET production, storage, and intake may be expected to be strictly regulated. The report explores the Methionine market's segments (Type, End-User Industry, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Methionine market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Methionine market's contemporary competitive scenario.To know about the Research Methodology :- Request Free Sample Report
Methionine Market Dynamics:
The versatile health benefits offered by methionine are a major driver of the market growth.

Methionine contains sulfur, which has a variety of possible health advantages for the body. These include:

• Cleaning for the hair, skin, and nails
• Preserving cells from contaminants
• Facilitating the detoxification process
• Decelerating the aging process
• Assisting in the assimilation of other nutrients (e.g. Selenium and Zinc)
• Enabling the elimination of heavy metals (e.g. Lead and Mercury)
• minimizing cholesterol levels by boosting lecithin synthesis in the liver
• avoiding excess fat storage in the liver (by acting as a lipotropic agent that accelerates fat breakdown)

The ongoing research on potential medical applications of methionine is the key opportunity in the market.

Methionine taken orally within 8 hours of a Tylenol i.e acetaminophen overdose has been used to treat acetaminophen intoxication. Methionine is supposed to protect the liver against acetaminophen metabolites caused by a Tylenol intoxication. Other therapies, however, are performed, and methionine may not be the most beneficial. Research published by the Department of Gastroenterology of Wuhan University suggests that Dietary methionine consumption may be linked to a lower risk of colorectal cancer, particularly colon cancer. More long-term prospective studies with extensive follow-up times are required to corroborate these findings.

As per a research published in Molecular Neurodegeneration, particular evidence shows that an excess of methionine might be hazardous and can raise the chance of developing Type-2 diabetes, heart illnesses, some forms of cancer, and brain changes such as schizophrenia, and memory impairment.

The regulatory landscape surrounding methionine production and utilization is expected to be a major challenge in the market growth.

The majority of the methionine produced is utilized in livestock feed. Most industries can benefit from synthetic DL-methionine generated chemically. The global market exceeded 1.4 million tonnes per year by 2022. However, in organic farming, the use of synthetically generated methionine is prohibited or severely restricted. The demand for eco-methionine derived from natural resources without the use of genetically modified organisms is expected to skyrocket in the forecast period. Meanwhile, in the United States, the use of synthetic DL-methionine in organic animal production was prohibited. Until the end of 2011, only 5% of non-organic compounds, e.g. DL-methionine and hydroxyl analogs, were allowed. In 2014, an additional extension of just 3 pounds of methionine per tonne of chicken feed (0.14 percent) is permitted, with a further declining trend.
Methionine Market Segment Analysis:
By End-User Industry, the animal feed segment is expected to grow at a CAGR of 5.1% in the forecast period. Methionine is widely utilized as a feed supplement in the bovine, poultry, pork, and aquaculture sectors. Methionine is needed among all animals and is utilized as a supplement to assist animals in meeting their health standards. Because animals cannot generate methionine in their bodies, it is added to their feed as a food additive. Because the amount of methionine in natural components is fairly low, it is administered as a nutritional feed supplement during an animal feed. Methionine aids in the efficient metabolism of protein in mammals.

It also promotes metabolism, rapid development, and muscle mass increase. It also improves performance under thermal stress and lowers nitrogen excretion. Because the appropriate sort of feed is required to offer healthy nutrients to animals, methionine is a valuable raw element for the animal feed business. Methionine products assist to promote animal health, offer a balanced diet, and save feed costs. These items also contribute to sustainable manufacturing and environmental improvement.

The growing usage of methionine in animal feed in many countries has resulted from the rising prevalence of animal illnesses. The necessity for maintaining optimal metabolism rates in cattle is higher in China and North America. Customer perception has also increased in this market, increasing demand for animal feed. According to the UN Food and Agricultural Organization, the world will need to produce approximately 55% more food by 2050, and animal protein production is expected to increase even more i.e. meats (poultry and beef) is projected to double, while dairy and fish production is expected to massively increase by 2050.
Methionine Market Regional Insights:
Methionine consumption in China is growing faster than the world average, owing to the rising demand for processed meat among China's rich middle class. The explosive rise can be attributed to the increased intake of animal feed in the cattle and agricultural industries. Since the country's population nearly increased to 1.38 billion people, the demand for animal feed has skyrocketed. China has recently emerged as one of the world's largest production hubs, and it is the primary place for the production and sales of methionine goods. China is both the world's largest feed market and the world's largest swine market.

The country is predicted to become the region's largest buyer of methionine, accounting for a significant portion of the APAC methionine market. Manufacturers are encountering difficulties as a result of environmental pressures and measures. The government has imposed strict rules to ensure that pollutants and pollution standards are met, which may compel enterprises to curtail output.

China's methionine oversupply is likewise a big danger to businesses. Because this is one of the most profitable industries, numerous firms, including Bluestar, and Evonik, intend to expand their manufacturing facilities in the nation. The progress of China's aquaculture business has recently surged dramatically. The capacity of pork, eggs, and cattle was also ranked first in the globe. This circumstance is presenting an intriguing potential for the country's methionine market.

The objective of the report is to present a comprehensive analysis of the Methionine market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Methionine market dynamics, and structure by analyzing the market segments and projecting the Methionine market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Methionine market make the report investor’s guide.
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Methionine Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 1.96 Bn.


Forecast Period 2023 to 2029 CAGR:
5.6%
Market Size in 2029:
US $ 2.87 Bn.


 Segments Covered:
by Type
• Liquid
• Powder


by End-User Industry
• Food and Beverage
• Pharmaceutical
• Animal Feed
• Other



Methionine Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Methionine Market Key Players
• Kemin Europa
• Sunrise Nutrachem Group
• Shaanxi Sciphar Hi-tech Industry
• Kyowa Hakko Bio.
• Royal DSM
• Ajinomoto Inc.
• CJ Cheil Jedang Corp.
• Prinova U.S. LLC
• AnaSpec Inc.
• Tocris Bioscience Ltd.
• Tokyo Chemical Industry Co. Ltd.
• Beijing FortuneStar S&T Development
• Iris Biotech GmbH
• Jinzhou Jirong Amino Acid Co., Ltd.
• Adisseo

FAQs:

1. Which is the potential market for Methionine in terms of the region?
Ans. China is the potential market for Methionine in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The ongoing research on potential medical applications of methionine is the key opportunity in the market.

3. What is expected to drive the growth of the Methionine market in the forecast period?
Ans. The versatile health benefits offered by methionine are a major driver of the market growth.

4. What is the projected market size & growth rate of the Methionine Market?
Ans. The Methionine Market size was valued at US$ 1.96 Bn. in 2022 and the total Methionine revenue is expected to grow by 5.6% from 2022 to 2029, reaching nearly US$ 2.87 Bn.

5. What segments are covered in the Methionine Market report?
Ans. The segments covered are Type, End-User Industry, and Region.