Methionine Market Technical Data and Manufacturing Plants Analysis 2022

Global methionine market is anticipated to grow at a higher CAGR in the forecast period and is driven by factors such as rising meat consumption across the world. Additionally, rising demand for meat coupled with growing population is also expected to propel the market demand during the forecast period.

Scientifically, methionine is an amino acid essential as a building block to form proteins and is also used extensively to augment the volume of lean meat.Therefore, methionine market across the world gains a positive traction in the forecast period. Further, methionine and lysine are recognized as most limiting amino acidslargely owing to their low concentrations in metabolizable protein.

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Commercially, Met-plus, Mepron, Smartamine and Alimet are some of the prominent products available on a global scale. Overall, the global market witnesses a double-digit CAGR growth in the forecast period owing to market driving factors coupled with market dynamics and trend.Methionine market is segmented into food & beverage, pharmaceutical and animal feed. Animal feed additives dominate the methionine market in the forecast period owing to rising dietary and sports supplement to lead a healthy lifestyle.

Based on geography, the methionine market spans North America, Latin America, Europe, Asia-Pacific, Middle-East and Africa. APAC market is expected to dominate the global market owing to livestock market and meat consumption particularly such as cattle, turkey, broiler and swine. North America and Europe are anticipated to grow at a higher CAGR in the forecast period owingto demand for food & dietary supplements in the upcoming years. Growing pharmaceutical industry is expected to augment the market growth in the forecast period.

Europe accounts for a major share in the forecast period owing to rise in geriatric population and is anticipated to keep rising at a higher CAGR in the forecast period. UK & Germany are predicted to rise at dominant positions in the global market for the assessment period. The key players in the methionine market include Adisseo, Evonik Industries, Novus International, Kyowa Hakko Bio Co Ltd, Royal DSM, Ajinomoto Inc, Beijing Fortune Star S&T Development Co Ltd, CJ CheilJedang, Sumitomo Chemical Corporation Limited and Tokyo Chemical Industry Co.

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