Global Methionine Market overview
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Drivers and Restrains:
The increase in world population each year will require more food and various strategic approaches to ensure that nutrition keeps livestock productive and healthy, accounting for about 70% of total operating costs. These factors are expected to stimulate growth in the methionine market during the forecast period. In addition, the expansion of consumer choice and increased incomes may require protein-rich foods, such as seafood, dairy products and meat, which should boost the growth of the methionine market in the next decade. In addition, it is expected that the weight gain of broilers will increase by 0.06% in the coming decades due to the strategic application of nutritional supplements and genetic technologies, related to the operating costs of industrialized production environments. Methionine helps to improve the immune system by reducing intestinal oxidative stress, by proliferating crypt cells, increasing the cells of the cup and the intestinal structure, which can boost their growth during the future market period. The increase in energy prices, which could lead to a shortage of raw materials for the production of methionine, is considered the factor that prevents the growth of the methionine market during the planned period. In addition, several programs that promote vegetarianism and aim to reduce the consumption of poultry products will also hamper the growth of the methionine market during the foreseen period.
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North America and Europe are expected to be the most mature markets in the global methionine market due to the growing demand for dietary supplements, higher prevalence of cardiovascular diseases and obesity. The Asia-Pacific region is expected to experience significant growth due to increased meat consumption in India, China, and Vietnam and other major countries, as well as changes in dietary habits associated with high disposable income. It is expected that Latin America, which is one of the main consumers of poultry products, will grow considerably. Markets in Eastern Europe, the Middle East and Africa are expected to gain ground during the forecast period as a result of changing food trends and increased food supply.
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Key Players for Methionine Market:
Adisseo, NOVUS INTERNATIONAL, Evonik Industries AG, Sumitomo Chemical Co.,Ltd., IRIS BIOTECH GMBH, Zhejiang NetSun Co., Ltd., Royal DSM, AJINOMOTO Co., Inc. are some of the major players of the market.
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