Methionine Market Size, Status, Recent Trends and Future Scope Analysis to 2027

The global Methionine market is projected to reach USD 9.29 Billion by 2027 from USD 5.11 Billion in 2021, at a CAGR of 8.60% from 2022 to 2027.

Methionine is one of the most vital amino acids, which is especially required for tissue repair & its growth, enhancement of pliability, the tone of hair and skin & strengthening the nails. The key growth of the Methionine marketis very much helpful to the increase in the health issues of customers, growth in the consumption of animal based products & the implementation of animal husbandry practices. To progress the meat quality due to the increasing demand for protein rich food, it is really so much essential across the world. Methionine is really an antioxidant form. It may help to assist & also protect the body from damage caused by ionizing radiation. It also has the abilities to detoxify harmful substances in the body, like heavy metals. It also has the skill to prevent damage from extreme acetaminophen poisoning.

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Segment by Type
Solid Methionine
Liquid Methionine
Segment by Application
Feed
Pharmaceutical
Food
Others

Recent developments
In Aug. 2020, Novus International filed methionine antidumping petitions with the US Section of Commerce and International Trade Commission. The corporation has filed a petition to investigate imports of methionine from Spain, France, and Japan, in line with the World Trade Organization Antidumping Agreement. The petition claims that the illegal dumping of methionine in the US marketplace at an artificially low price has been hurting the US agriculture industry.
In April 2019, Novus International canceled its plan of investment in developing a new methionine plant in Calhoun County, Texas, United States, due to a growth in cost estimates of the project as a result of a spike in the engineering, procurement, and construction costs.

Segmentation Analysis
Plant-based raw material formed the major segment with a market valuation of over USD 3.0 billion in 2027. Wheat, soybean meal, and seaweed are some of the main raw materials involved in the production of methionine. Growing consumer preference for bio-based products, owing to growing environmental concerns and rising awareness about the same, is anticipated to drive the market over the course of the forecast period. Based on numerous research activities conducted on methionine and the impact of its intake among humans, researchers have established that vegetarian food sources offer comparatively higher ratios of methionine in blood concentrations as compared to a non-vegetarian diet. Animal-based methionine reported for over 10.09% of the whole market in 2027 and the segment is likely to expand at an estimated CAGR of more than 4.25% from 2022 to 2027. Stringent management regulations prohibiting bone meal and fish meal usage for developing amino acids are anticipated to challenge industry participants.

Product Portfolio: The Company has a product portfolio of Market that contains:
Methionine Market: Increasing competition among key companies, increasing horizontal and vertical expansion is further expected to fuel the growth of Market.

Key players operating the Methionine market includes Evonik, Adisseo (Bluestar), NOVUS, Sumitomo Chemical, CJ Cheiljedang Corp, Chongqing Unisplendour Chemical, Sichuan Hebang.

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Methionine Market Regional Analysis
Asia Pacific led the worldwide market with a valuation of over USD 58% in 2021. This region is expected to witness significant development due to increasing meat consumption in China, India, Vietnam, and the Philippines. Increasing per capita disposable income, coupled with changing food habits, is anticipated to drive product demand over the coming years.
Europe accounted for over 20.0% of the total demand in 2027, with U.K. and Germany anticipated to emerge as leading contributors. Growing demand for dietary supplements and growing geriatric population in the region are anticipated to remain key factors driving the regional market.
Reasons to Buy Methionine Market Report

The report enables you to -
- Formulate significant competitor data, analysis, and insights to progress R&D strategies
- Recognize emerging players with potentially strong product portfolio and create effective counter strategies to gain competitive advantage
- Recognize and understand vital and diverse types of Methionine under development
- Progress market-entry and market expansion strategies
- Plan mergers and acquisitions successfully by identifying major players with the most promising pipeline
- In-depth examination of the product's current stage of development, territory and estimated launch date

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