Methionine Market Set to Soar Past USD 11.51 Billion by 2030
The global Methionine market size is expected to reach USD 11.51 billion by 2030 and exhibit a CAGR of 9.3% in the forecast period (2023−2030), according to Skyquest’s latest research report. The increasing demand from the animal feed industry, growing consumer awareness about the importance of animal nutrition, rising meat consumption and livestock production, expansion of the poultry industry, technological advancements in animal feed additives, government initiatives and regulations promoting animal health and welfare, increasing focus on sustainable and organic farming practices, growing prevalence of metabolic disorders in animals, rising global population are fueling the Market’s growth.
Westford,USA, Aug. 25, 2023 (GLOBE NEWSWIRE) — According to SkyQuest’s latest global research of the Methionine market, increasing demand for methionine in the aquaculture industry, the growing popularity of methionine as a dietary supplement in human nutrition, rising adoption of methionine in pet food formulations, expanding applications of methionine in pharmaceutical and cosmetic industries, advancements in methionine production technologies, increased focus on sustainable sourcing and production of methionine, growing preference for plant-based methionine sources, rising investments in research and development for methionine are the trends that aid in the market’s growth.
Browse in-depth TOC on “Methionine Market”
- Pages – 260
- Tables – 91
- Figures – 76
Methionine is an essential amino acid that is needed for the production of proteins, the formation of glutathione (an antioxidant), and the metabolism of fats. It is found in animal products, such as meat, fish, and eggs, and in some plant products, such as soybeans.
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Prominent Players in Methionine Market
- Ajinomoto
- BASF
- Evonik Industries
- Fufeng Group
- Grand Valley Nutrition
- Kyowa Hakko Bio
- Nutreco
- Nippon Meat Packers
- Ruihai Amino Acid
- Sichuan Biosyn
- Sumitomo Chemical
- Sunwin Chemicals
- Wuxi Jinghai Amino Acid
- Wynca Group
- Zagros Petrochemical
- Alltech
- Bluestar Adisseo
- CJ Cheiljedang Corp
- Evonik Degussa
- Phibro Animal Health
- Novus International
- DSM
L-methionine Demand to Grow Substantially in the Forecast Period
L-methionine dominated the global market owing to its higher bioavailability. It is also a naturally occurring enantiomer of methionine and is more readily absorbed and utilized by the body. It is also preferred in animal feed formulations for its ability to improve animal growth, promote efficient protein synthesis, and enhance overall animal health. Furthermore, the increasing demand for high-quality animal protein, especially in the poultry and aquaculture industries, further drives the dominance of L-methionine in the market.
Animal Feed is the Leading Application Segment
In terms of application, animal feed is the leading segment due to the significant demand for methionine as an essential amino acid in animal feed formulations. In addition, it plays a crucial role in animal nutrition, as it is required for protein synthesis, growth, and overall health of animals. It is essential in poultry, swine, and aquaculture industries, where high-quality animal protein production is a priority.
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Asia-Pacific is the leading Market Due to the Growing Population
Region-wise, Asia-Pacific is one of the largest growing markets with a growing population and growing meat consumption. The region has a thriving livestock industry, including poultry, swine, and aquaculture. As the industry expands to meet the growing demand for meat and seafood, there is a corresponding increase in the use of methionine in animal feed formulations.
A recent report thoroughly analyzes the major players operating within the Methionine market. This comprehensive evaluation has considered several crucial factors, such as collaborations, mergers, innovative business policies, and strategies, providing invaluable insights into the key trends and breakthroughs in the market. Additionally, the report has carefully scrutinized the market share of the top segments and presented a detailed geographic analysis. Finally, the report has highlighted the major players in the industry and their ongoing endeavors to develop innovative solutions that cater to the ever-increasing demand for Methionine.
Key Developments in Methionine Market
- Adisseo started producing liquid methionine at a new plant in Nanjing, China. The new facility in Nanjing, China, will exceed the company’s methionine capacity to 350,000 tons.
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Key Questions Answered in Methionine Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- Can you list the top companies in the market and explain how they have achieved their positions of influence?
- In what ways do regional trends and patterns differ within the global market, and how might these differences shape the market’s future growth?
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