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Methionine Market by Type (L- Methionine, DL-Methionine, MHA) by Application (Animal Feed Additives, Pharmaceuticals, Food Processing, Aquaculture): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

The global Methionine Market is likely to attain a market value of USD 4.80 billion in 2027 from USD 3.36 billion in 2020. The CAGR for this market is likely to reach over 6.1% during the forecast period.

The constant need for leading a healthy lifestyle coupled with the increasing adoption of dietary supplements among the end users, negligent healthcare spending, and growing geriatric population, is expected to boost product demand in the forthcoming years. Additionally, growing concerns of obesity among the young people in very many countries is anticipated to propel the growth of the dietary supplements in the market. Also, the increase in the intake of sports supplements is cited to accompany the high demand of methionine in the future. Furthermore, rising demand from the cosmetics industry and pharmaceutical industry extend prospective opportunities to the methionine market players in the forecast period. Credence Research is offering holistic information and absolute accuracy on the report titled “Global Methionine Market”.

Key Market Drivers and Restraints

Factors that have high impact on the market growth of industrial electric vehicles will be covered her. Also, covers factors that may challenge or act as opportunity for market will be discussed in order to identify the revenue generation.

Various Factors Driving the Market Growth

The driving factors contributing to the growth of the global market is the spike in meat consumption as a source of protein across the globe, changing lifestyle patterns, increased usage of frozen meat and allied products and operations of very many meat outlets. The increasing consumption of sports supplements is also seen to complement the demand for methionine over the next few years. The growth of the middle-class population in many countries has caused the increased spending in the healthcare industry, expanding the global methionine market. With due consideration to the above-mentioned factors, the global methionine market is about to see a favorable surge in the near future.

Asia-Pacific to led the global market in geographic regions

On geographic front, the global market comprises six regions with all key economies pertaining to it. Credence Research is providing in-depth insight on prominent regions of global market. Asia-Pacific topped the market by acquiring 31.8% share in 2020.

Global Market is led by the Powder in terms of Form

Based on the methionine form, it is further divided into liquid and powdered form. Owing to the high stability and impressive shelf life, powdered format is preferred over and above the liquid ingredients. Specialty carbohydrates, fish derived collagen, carotenoids, fibers, and numerous plant extracts are present as powders that have application at methionine products production.

Food processing to dominate the global market in the coming years

Animal Feed Additives, Pharmaceuticals, Food Applicationing and Aquaculture are the various Applications of this market. In past few years, animal feed additives had the highest market share at the application segment in the methionine market, citing reasons such as mounting demand for animal feed supplements, owing to the increasing demand to sustain metabolism rate in livestock. However, due to the stringent government regulations, it has prohibited bone meal and fish meal usage for developing amino acids, posing a challenge for the animal feed share of market in the previous years. However, food processing is anticipated to dominated the market in 2020 and is projected to do so in forecast period.

Frequently asked questions about global industry

  • Which are the different Types of Methionine?
    Ans: DL-Methionine, MHA and L- Methionine are the three types available in the market
  • Name few prominent players in the global industry.
    Ans: Novus International Inc., Ajinomoto Group, Evonik Industries AG, BASF SE, Arkema Group, Bluestar Adisseo Company, 10 Royal DSM, METabolic EXplorer are the key players leading this market
  • Which is the fastest growing Application segment for global industry?
    Ans: Food Applicationing has fastest growth at Application end
  • Which is the leading regional market for global industry?
    Ans: Europe has the largest share of the market
  • What will be the CAGR (2021 - 2027) of in global industry?
    Ans: The CAGR for this market is likely to reach over 6.1% during the forecast period
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Published Date:  May 2021
Category:  Chemicals
Report ID:   60370
Report Format:   PDF
Pages:   120
Rating:    4.2 (68)
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