Methionine Market | Size | Share | Growth (2018-2023) | Sumitomo Chemical, Evonik Industries AG, Bluestar Adisseo, Tokyo Chemical Industry, Amino GmbH, Iris Biotech GmbH, Phibro Animal Health, CJ Cheiljedang Center and Kingchem Life Science LLC

Regional Analysis

The Global Methionine Market is segmented into five regions namely Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

The Asia Pacific is anticipated to be the fastest growing region in the methionine market due to the high cattle production in countries such as India, China, and others. Furthermore, the shifting consumption pattern towards nutritional food such as meat, beef, and others along with the high disposable income has augmented the market growth.

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North America and Europe are expected to witness a significant growth due to increasing demand for food & beverage and pharmaceuticals in this region.

Latin America is anticipated to showcase a considerable market growth due to increasing exportation of pork, poultry, and beef from Brazil during the review period.

The emerging opportunities for amino acid as a supplement in meat production is likely to fuel the market growth in the Middle East & Africa region. For instance, Evonik, a chemical company in 2018 said that it is looking to promote its methionine product, MetAMINO in the Middle East and North Africa.

Global Insight

Methionine is one of the essential amino acids required for growth and tissue repair in humans, animals, and avian species. It is important for angiogenesis, i.e., the growth of new blood vessels and maintains the metallic element level in the body. High levels of methionine can be found in eggs, cheese, spinach, asparagus, sesame seeds, Brazil nuts, fish, meat, and poultry.

The Global Methionine Market is majorly driven by its usage in major end-user industries such as animal feed, food & beverage, pharmaceutical, and others. The animal feed is the largest segment in terms of value and is expected to lead the Global Methionine Market over the next 7 years. The increasing concerns about food safety and animal health and nutrition is driving the market growth. The use of methionine in the food & beverage industry has augmented the market growth due to its ability to combine with other chemicals in the body to remove toxins. It converts into S-Adenosyl Methionine, which is a chemical used to treat depression and reduce osteoarthritis pain. The increasing joint pain issues in geriatric population is another factor driving the market growth. Furthermore, the emerging applications of Methionine in aqua-farming of shrimps, finfish, and crustaceans to ensure adequate sulfur amino acids is likely to bolster the market growth. Some of the recent trends in the market includes capacity expansions in existing plants and emerging markets. For instance, Sumitomo Chemical started building a methionine facility with an output of 100,000 metric ton per year in December 2016. Also, Evonik has begun construction of large-scale production plant of DL-methionine in October 2016 in Singapore, which will be operational in 2019. Additionally, methionine is responsible for producing collagen, which helps in enhancing skin, hair, and nails condition. However, the complexities in production of methionine may challenge the market growth. Nevertheless, the Food and Drug Administration (FDA) has identified methionine as safe when added in food products except for the instant and nitrate containing products. The United States Department of Agriculture (USDA) under the National Organic Program (NOP) has allowed the extension of methionine in organic poultry.

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