Methionine Market Size, Share, Growth Drivers and Business Opportunities

Methionine, one of the nine essential amino acids, serves as a precursor to every sulfur-containing amino acid and their derivates. It is constantly regenerated from homocysteine through one-carbon metabolism. This amino acid is extensively found in chicken breast, eggs, salmon, mahi-mahi or dolphinfish, and halibut, spinaches, asparagus, mushrooms, zucchini, and dairy products. Additionally, methionine also acts as an antioxidant by providing sulfur atoms in cysteine synthesis. Inadequate intake of methionine can, therefore, have an adverse impact on the synthesis of cysteine, and hence glutathione (GSH), one of the primary endogenous antioxidants.

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Owing to the high-volume methionine content in eggs and meat, the poultry industry is creating a high demand for animal feed, as this substance helps in the development and growth of the digestive tract of animals that are vital for enhancing muscle mass and increasing egg production of poultry animals. Thus, the surging consumption of animal feed in the poultry sector will accelerate the methionine market at a CAGR of 10.2% during 2018–2023. The market revenue stood at $5,114.3 million in 2017 and it is expected to reach $9,121.9 million by 2023.

According to P&S Intelligence, Asia-Pacific (APAC) dominated the methionine market and adopted this essential amino acid at the highest rate in the recent past. The region is expected to adopt methionine at the fastest pace in the coming years as well. This can be ascribed to the burgeoning demand for animal feed in the region. Moreover, the presence of leading methionine manufacturers in the region will also fuel the production of this acid in the coming years. In the coming years, China will consume the highest quantity of methionine in APAC region.

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Furthermore, Europe and APAC will collectively consume the highest quantity of methionine in the coming years, due to the presence of large chemical companies, high-volume production of livestock, pork, and poultry, and modernization of the animal husbandry sector in these regions. Additionally, Latin America (LATAM) and Middle East and Africa (MEA) also consume a considerable volume of this essential amino acid, due to the booming population, soaring number of methionine manufacturing units, and flourishing husbandry industry in these regions.

Therefore, the surging need for animal feed and increasing consumption of pharmaceutical products will boost the need for methionine in the forthcoming years.

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