The global methionine market size was USD 4.25 Billion in 2021 and is expected to register a revenue CAGR of 5.7% over the forecast period, according to the latest report by Reports and Data.
The market for methionine is expanding in terms of revenue due to rising demand for foods high in protein and growing consumer awareness of the value of a balanced diet. Methionine is a necessary amino acid that can be found in meat, fish, and dairy products. Amino acids are what proteins are made of.
Methionine must come from a diet because the body cannot make it; this is anticipated to spur market revenue development. It is essential for a number of biological functions. Moreover, it might act as an antioxidant and help maintain damaged tissues. Methionine has many advantages, including the ability to be used by people to prevent birth defects, which has led to an increase in demand for this medication.
The rise of the business is being fueled by easy access to raw materials from a variety of plant and animal sources, such as mahi-mahi, salmon, and other vegetables like asparagus and zucchini. Simple availability to raw materials makes it possible to produce the amino acid effectively while also maintaining production levels to meet growing demand. Rising efforts by numerous significant businesses and producers to improve their market positions are anticipated to fuel industry revenue growth.
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Methionine Market : Notable Innovations
Methionine is an essential amino acid used in animal feed to improve the growth and health of livestock, particularly poultry and swine. The global methionine market is expected to grow at a steady pace due to the increasing demand for animal protein, particularly in developing countries. However, factors such as the fluctuating prices of raw materials, stringent regulations, and the availability of alternatives may restrain market growth.
In terms of innovation, several companies have developed innovative technologies to improve the production of methionine. For example, Evonik Industries has developed a fermentation process that uses a patented strain of bacteria to produce methionine. This process is more sustainable and cost-effective than traditional chemical synthesis methods.
Other notable innovations include the use of genetically modified bacteria to produce methionine, the development of new feed formulations that reduce the amount of methionine required, and the use of enzymes to increase the bioavailability of methionine in animal feed.
Overall, the methionine market continues to evolve as new technologies and processes emerge, driven by the need for sustainable and cost-effective solutions to meet the growing demand for animal protein.
Some Key Highlights from the Report
- During the anticipated period, the North American market is anticipated to have rapid revenue expansion. Rising investments and the expansion of numerous businesses using methionine as a major component are anticipated to fuel revenue growth in this area.
- The largest liquid methionine production facility in the world, with a capacity of 180,000 tonnes, will be unveiled by Adisseo in China on September 20, 2022. The plant will boost the company's reputation as one of the largest methionine producers and expand the global market for liquid methionine. The best fully vertically integrated liquid methionine manufacturing process in the world is owned by Adisseo, one of the few producers of both liquid and solid methionine.
- Evonik began manufacturing the second complex for MetAMINO (DL-methionine) in Singapore in June 2019. For the expansion of its product line, the corporation invested more than half of its USD 50 billion budget.
- Companies profiled in the market report include Novus Animal Nutrition Private Limited, Evonik, Adisseo, Sumitomo Chemical Co., Ltd, CJ CheilJedang Corp, Phibro Animal Health Corporation, Ajinomoto Co., Inc., Sunrise Nutrachem Group Co., LTD., Prinova Group LLC., Chongqing Unisplendour Chemical.
- For the purpose of this report, Reports and Data has segmented the global methionine industry into Product Type Outlook, Application Outlook, Raw Material Outlook, Regional Outlook:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Methionine Hydroxy Analogue (MHA)
- DL-Methionine
- L-Methionine
Application Outlook (Revenue, USD Billion; 2019-2030)
- Animal Feed
- Food Dietary Supplements
- Pharmaceuticals
Raw Material Outlook (Revenue, USD Billion; 2019-2030)
- Animal-based
- Plant-based
Regional Outlook (Revenue, USD Billion; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Sweden
- BENELUX
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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