Methionine Market to Incur Rapid Extension During 2017-2025

Methionine Market: Dynamics

Drivers:

Growing world population per year will demand more food and various strategic approaches to get nutrition for keeping livestock productive and healthy, which accounts for about 70% of total operating costs are factors, which are expected to drive the growth of methionine market over the forecast period. Furthermore, expansion of consumer choice along with rising income may demand protein foods such as sea food, dairy products and meat, which is expected to fuel the growth of methionine market in next decade.

Moreover, increasing weight of broiler is expected to increase by 0.06% over the next few decades due to strategic application of nutritional supplements and genetic technologies, which are related to operating costs of industrialized production environments. Methionine helps to improve the immune system by reducing the intestinal oxidative stress, proliferating crypt cells, increasing goblet cells and intestinal structure, which can fuel its growth over the forecast period.

Restraints:

Rising energy prices, which might result in shortage of raw materials for the production of methionine is estimated to be the factor hampering the growth of methionine market during the forecast period. Furthermore, various programs promoting the vegetarianism and to slowdown the consumption of poultry products are expected to hinder the growth of methionine market over the forecast period.

Methionine Market: Segmentation:

Global methionine market is segmented on the basis of raw material type and application. On the basis of raw material type, global methionine market is segmented into seaweed, wheat and soy-meal. On the basis of application, global methionine market is segmented into food & dietary supplements, animal feed additives, pharmaceuticals and others.

Methionine Market: Region-wise Outlook:

North America and Western Europe are expected to be the matured markets in the global methionine market owing to increasing dietary supplements demand, increasing cardiovascular disease and obesity prevalence among people. Asia Pacific is expected to expand at a significant growth rate due to increasing meat consumption in India, China, Vietnam and other major countries and changing food habits coupled with high disposable incomes. Latin America being one of the major consumers of poultry products is estimated to exhibit considerable growth. Eastern Europe and Middle East and Africa markets are projected to gain traction over the forecast period due to changing trend for food and increasing protein intake.

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Methionine Market: Market Participants:

Some of the market participants in the global methionine market are: Adisseo, NOVUS INTERNATIONAL, Evonik Industries AG, Sumitomo Chemical Co.,Ltd., IRIS BIOTECH GMBH, Zhejiang NetSun Co., Ltd., Royal DSM, AJINOMOTO Co., Inc.

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