The global Methionine market stood at approximately 1650 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5.5% during the forecast period until 2034.
Methionine, an indispensable amino acid, holds multifaceted utility across diverse industries. In animal nutrition, it stands as a vital component in feed formulations, particularly for poultry, swine, and aquaculture, where its inclusion fosters optimal growth, feed efficiency, and muscle development. Within the pharmaceutical sector, methionine serves as a crucial precursor to S-adenosylmethionine (SAMe), facilitating the synthesis of neurotransmitters and aiding liver function, thereby underpinning its application in medications targeting depression, osteoarthritis, and liver disorders. Furthermore, methionine assumes a pivotal role in the nutraceutical sector, featuring prominently in dietary supplements geared towards enhancing overall health and addressing specific health concerns like liver health and detoxification. Based on type, Methionine market is divided into: L-Methionine, Methionine Hydroxy Analog (MHA), and DL-Methionine
The methionine market experiences robust growth primarily due to its pivotal role in animal feed formulations. As the global demand for meat, poultry, and aquaculture products continues to surge, methionine emerges as a critical component essential for optimizing animal growth, health, and productivity. With the expanding population and shifting dietary preferences towards protein-rich diets, there is an increasing need to enhance the efficiency and nutritional value of animal feed. Methionine, as an indispensable amino acid, plays a vital role in protein synthesis, immune function, and nutrient metabolism in livestock and aquaculture species. The growth of the livestock industry, particularly in emerging economies, further propels the demand for methionine supplementation in feed formulations. Rapid urbanization, rising disposable incomes, and changing consumer preferences drive the consumption of meat and dairy products, necessitating higher levels of methionine to support the growing animal population. Regulatory initiatives promoting the use of amino acids like methionine in animal feed formulations further reinforce market growth, fostering compliance with feed safety, quality, and nutritional standards. The global Methionine market is likely to reach approximately 3000 thousand tonnes in 2034.
The Asia Pacific region stands out as the major consumer of Methionine. This can be justified by several factors. Firstly, the region's large and diverse population, including countries like China, India, Vietnam, and the Philippines, presents a substantial consumer base with growing meat consumption trends. As economies in these countries continue to develop and urbanize, dietary habits are shifting towards protein-rich diets, driving the demand for meat products. Additionally, rising disposable incomes, changing lifestyles, and urbanization contribute to increased meat consumption in the region. As a result, the Asia Pacific region is poised to witness significant growth in the coming years, driven by the sustained increase in meat consumption across key markets. This growth presents lucrative opportunities for market players in the region, including producers, suppliers, and distributors, to capitalize on the rising demand for meat products and associated industries.
Based on the end-use industry, the global Methionine market is divided into Animal Feed, Food & Beverages, Nutraceuticals & Pharmaceuticals, and Others. Among these industries, Animal Feed is the dominating segment and held about 75% of the global Methionine market in 2023.
Major players in the Global Methionine market are Adisseo, Chongqing Unisplendour Chemical Co. Ltd, CJ CheilJedang Corp., Evonik Industries AG, Novus International, Sumitomo Chemical Co. Ltd, Volzhsky Orgsynthese JSC, Zhejiang NHU Co. Ltd, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Methionine which covers production, demand and supply of Methionine market in the globe.
• To analyse and forecast the market size of Methionine
• To classify and forecast Global Methionine market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Methionine market in the globe.
To extract data for Global Methionine market, primary research surveys were conducted with Methionine manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Methionine market over the coming years.
ChemAnalyst calculated Methionine demand across the globe by analyzing the volume of Methionine consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Methionine manufacturers and other stakeholders
• Organizations, forums and alliances related to Methionine distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Methionine manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Methionine market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
1650 thousand tonnes
Market size Volume in 2034
3000 thousand tonnes
Growth Rate
CAGR of 5.5% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Animal Feed, Food & Beverages, Nutraceuticals & Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Methionine market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Methionine.
3. Capacity By Location
To better understand the regional supply of Methionine by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Methionine by the leading players and forecast how it will grow in the coming years.
6. Demand by Type
Learn about the various types of Methionine - L-Methionine, Methionine Hydroxy Analog (MHA), and DL-Methionine, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
7. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Animal Feed, Food & Beverages, Nutraceuticals & Pharmaceuticals, and Others) are creating a market and the forecast for the growth of the Methionine market.
8. Demand by Region
Analyzing the change in demand of Methionine in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Methionine. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Methionine.
11. Company Share
Figure out what proportion of the market share of Methionine is currently held by leading players across the globe.
12. Manufacturing Process
Discover insights into the intricate manufacturing process of Methionine.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Methionine in terms of volume in 2023?
Ans:
The global market size of Methionine has reached approximately 1650 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Methionine?
Ans:
Animal Feed industry is the leading end-user industry of Methionine globally.
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Ans:
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