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Methionine Market 2022 Global Report by Key Players, SWOT Analysis, Trends, Growth Rate and Forecast to 2027
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How big is the methionine market?
The global methionine market size reached US$ 5.44 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 8.3 Billion by 2027, exhibiting a growth rate (CAGR) of 7.10% during 2022-2027.
Industry Definition and Application:
Methionine is an amino acid that allows the body to generate various essential compounds vital for the proper functioning of cells. It can be converted into molecules that contain sulfur, which assists in modifying deoxyribonucleic acid (DNA), protecting tissues, and generating new proteins inside the cells. It aids in enhancing the elasticity and tone of the skin, stretching the nails, and promoting healthy hair. It also offers various advantages such as slowing the aging process, facilitating detoxifying process, helping with the absorption of other nutrients, and preventing excess fat in the liver.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
What are the major drivers of the methionine market?
One of the primary factors driving the market is the increasing consumption of meat products among the masses, as they are an excellent source of protein. Additionally, the growing establishment of meat outlets worldwide is propelling the market growth. Other than this, livestock manufacturers are extensively adopting methionine as an animal feed additive to improve its nutritional value.
Besides this, the increasing usage of methionine in producing nutrition bars, nutrition supplements, weight loss pills, and carbohydrate food products is creating a positive market outlook. Apart from this, there has been increasing product application in reducing the risk of ovarian and rectal cancer among women and proximal colon cancer among men. Moreover, the extensive utilization of methionine in the cosmetic industry as hair-conditioning agents and skim-conditioning agents is driving the market.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global methionine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on region, type, raw material and end use industry.
Breakup by Type:
• Liquid
• Powder
Breakup by Raw Material:
• Plant Based
• Animal Based
Breakup by End Use Industry:
• Food and Beverage
• Pharmaceutical
• Animal Feed
• Others
Breakup by Geography:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
Who are the key players in methionine market?
• BEWITAL agri GmbH & Co. KG
• Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.)
• CJ CheilJedang Corporation
• Evonik Industries AG (RAG-Stiftung)
• Iris Biotech GmbH
• Kemin Industries Inc.
• Megamix Inc.
• Novus International Inc. (Mitsui & Co. Ltd.)
• Sumitomo Chemical Co. Ltd.
• Tokyo Chemical Industry Co. Ltd
• Volzhsky Orgsynthese JSC (Olymp Technologies S.A.)
• Zhejiang NHU Co. Ltd.
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Contact Us:
IMARC Services Private Limited.
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Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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