Methionine Market, By Product Type, By Application, By Geography

Description

The global methionine market is estimated to be valued at USD 4.98 billion in 2024 and is expected to reach USD 7.39 billion by 2031, exhibiting a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 4.98 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	5.80%	2031 Value Projection:	US$ 7.39 Bn

Figure. Methionine Market Share (%), By Region 2024

Methionine is an organic compound and an essential amino acid that helps metabolize fats and proteins in the body and promotes growth and tissue repair. Its uses as dietary supplements and feed additive for livestock and poultry has been driving its demand. Increasing demand for methionine as feed additive in animal nutrition, along with its application as nutritional supplements in human health are some key factors expected to support market growth over the forecast period.

Market Dynamics:

The global methionine market is expected to witness robust growth over the next few years. Some key market drivers include growing demand for methionine as a feed additive in the animal nutrition industry. Methionine acts as an essential amino acid that helps animals grow and remain healthy. With rising meat consumption globally, the demand for animal feed additives like methionine has been increasing steadily. Other drivers include its usage as a dietary supplement in human nutrition. Methionine supplements help maintain methylation processes in the body and promote overall health and wellness. However, stringent regulations regarding methionine usage levels in animal feed and alternative ingredients that can replace methionine functions are expected to restrain the market growth to some extent. On the positive side, emerging economies with growing meat demand offer lucrative growth opportunities for methionine producers and suppliers over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global methionine market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global methionine market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Evonik, Adisseo, Novus International, CJ CHEILJEDANG, Sumitomo Chemical, AJINOMOTO, Phibro, Prinova Group, Sunrise Nutrachem, Chongqing Unisplendour Chemical, Zhejiang NHU Co., Ltd., Ningxia Eppen Biotech Co., Ltd., Sichuan Hebang Biotechnology Co., Ltd., Shandong Kyowa Amino Acid Co., Ltd., Meihua Holdings Group Co., Ltd., Tokyo Chemical Industry Co. Ltd, and IRIS Biotech GmbH
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global methionine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methionine market

Detailed Segmentation

Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- DL-Methionine
- L-Methionine
- Hydroxy Analogue of Methionine
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Animal Feed
- Food & Beverages
- Pharmaceuticals
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Evonik
- Adisseo
- Novus International
- CJ CHEILJEDANG
- Sumitomo Chemical
- AJINOMOTO
- Phibro
- Prinova Group
- Sunrise Nutrachem
- Chongqing Unisplendour Chemical
- Zhejiang NHU Co., Ltd.
- Ningxia Eppen Biotech Co., Ltd.
- Sichuan Hebang Biotechnology Co., Ltd.
- Shandong Kyowa Amino Acid Co., Ltd.
- Meihua Holdings Group Co., Ltd.
- Tokyo Chemical Industry Co. Ltd
- IRIS Biotech GmbH

Product Code: CMI5447

1. RESEARCH OBJECTIVES AND ASSUMPTIONS

Research Objectives
Assumptions
Abbreviations

2. MARKET PURVIEW

Report Description
- Market Definition and Scope
Executive Summary
- Global Methionine Market, By Product Type
- Global Methionine Market, By Application
- Global Methionine Market, By Region

3. MARKET DYNAMICS, REGULATIONS, AND TRENDS ANALYSIS

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Merger and Acquisition Scenario

4. Global Methionine Market, By Product Type, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
DL-Methionine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
L-Methionine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Hydroxy Analogue of Methionine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Methionine Market, By Application, 2024-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Methionine Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2019 - 2031, Value (USD Bn)
- Regional Trends
  - North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
U.S.
Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
South Africa
North Africa
Central Africa

7. COMPETITIVE LANDSCAPE

Evonik
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Adisseo
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Novus International
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CJ CHEILJEDANG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sumitomo Chemical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AJINOMOTO
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Phibro
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Prinova Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sunrise Nutrachem
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chongqing Unisplendour Chemical
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Zhejiang NHU Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Ningxia Eppen Biotech Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sichuan Hebang Biotechnology Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Shandong Kyowa Amino Acid Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Meihua Holdings Group Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Tokyo Chemical Industry Co. Ltd
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
IRIS Biotech GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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