Overview
Methionine Market is forecast to
reach $6.34 billion by 2025, after growing at a CAGR of 5.9% during 2020-2025. The methionine market is driven by its
increasing adoption in animal feed and food dietary supplements to provide the most
effective methionine source. Moreover, increasing demand for animal based
products with increasing use of methionine in nutraceutical will ensure healthy
growth.
Report Coverage
The report: “Methionine Market –
Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the
following segments of the Methionine Market.
Key Takeaways
- North America and Western Europe dominates the methionine market owing to growth in pharmaceutical industry, increase in consumption of dietary supplements, and medical benefits ingredients it possess.
- The growth of methionine can be attributed to the consumer’s preference for functional foods considering health and diet.
Animal based methionine held the
largest share in the methionine market in 2019. Methionine is a typical swine
diet plays important roles in promoting swine health and muscle growth. In
contrast to plant foods, animal foods are perceived to have higher
protein-to-energy ratios and better protein and amino acid digestibility. The
usage of methionine in nutraceutical ensures healthy growth of animal. The
market for nutraceutical in animal feed has become increasingly attractive in
the last few years, majorly driven by the antimicrobial growth promoters in
agriculture.
Product Type – Segment Analysis
DL Methionine held the largest
share in the methionine market in 2019. Methionine is an essential and dietary
limiting amino acid for aquatic species. DL-Methionine is the most effective
source of methionine available for aquaculture feed. It is highly concentrated
nutrient and delivers particle size designed specifically for aqua feeds. DL-Methionine
for in aqua feed offers ideal protein feed approach. It translates into
improved quality, less waste and smoother production of feed.
Form – Segment Analysis
Powdered ingredients have high
stability and superior shelf life than liquid ingredients. Carotenoids, fibers
and specialty carbohydrates, fish derived collagen and several plant extracts
are available as powders that are used in the preparation of methionine
products. The suitability of powdered ingredients for use in the production of
various functional foods and dietary supplements is motivating the methionine
formulators towards utilization of powdered ingredients. The rapid growth of
dietary supplements for pets, companion and working animals is also driving the
growth of powdered methionine market.
Application - Segment Analysis
Dietary
supplements has been the primary market for methionine. Dietary supplements contain
the essential nutrients which are lacking in the overall diet of human being. According
to Nutrition Business Journal the supplement industry has reached $46 billion
in annual sales in 2018. The supplement industry is poised to surpass $50
billion annually by 2020. According to CRN Consumer Survey on Dietary
Supplements 2018, 75 percent of U.S adult take dietary supplements as opposed
to just 65 percent in 2009. The data provided states that dietary supplements
are main stays in modern day health and wellness regimes.
Geography - Segment Analysis
APAC dominated the methionine
market with a share of more than 32%, followed by North America and Europe. The growth of
methionine in APAC is attributed to increasing
dietary supplements demand, increasing cardiovascular disease and obesity
prevalence in the region. Further, investment in R&D to find innovative
approaches, confirming health claims of methionine products and market research
represent key strategies for the industry. Methionine has active ingredient
property that claims to have medical benefits are a significant and fast
growing part of the pharmaceutical industry in the developing countries.
- Ecofriendly means of extracting methionine
The
manufacturers have developed an enzymatic process that potentially opens a
novel route to production of numerous of amino acids and valuable building
blocks for pharmaceutical chemistry in an environmental friendly manner.
Challenges – Methionine Market
- The substitutes of methionine can hamper the market.
The Synthetic
methionine use in animal feed has been restricted to some extent with other
synthetic amino acids have been banned for the same purpose. It is challenging
to provide sufficient methionine to maintain animal growth and productive
performance up to current industry standards. Without synthetic amino acid,
Methionine requirements can alternatively be obtained for organic poultry by increasing
dietary crude protein through expeller-pressed soybean meal to the diets.
Market Landscape
Technology launches, acquisitions
and R&D activities are key strategies adopted by players in the methionine market. In 2019, the market of methionine has been consolidated by the
top five players accounting for xx% of the share. Major players in the methionine Market are Evonik Industries AG, Sumitomo Chemical
Co. Ltd., IRIS BIOTECH GmbH, Royal DSM, among others.
Acquisitions/Technology Launches
- In November 2016, Evonik Industries AG acquired technology from METabolic EXplorer for the fermentative production of methionine o strengthen its biotechnology platform for amino acids.
1.1 Definitions and Scope
2.Methionine Market - Executive summary
2.1 Market Revenue, Market Size and Key Trends by Company
2.2 Key Trends by type of Application
2.3 Key Trends segmented by Geography
3.Methionine Market
3.1 Comparative analysis
3.1.1 Product Benchmarking - Top 10 companies
3.1.2 Top 5 Financials Analysis
3.1.3 Market Value split by Top 10 companies
3.1.4 Patent Analysis - Top 10 companies
3.1.5 Pricing Analysis
4.Methionine Market - Startup companies Scenario Premium
4.1 Top 10 startup company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Market Shares
4.1.4 Market Size and Application Analysis
4.1.5 Venture Capital and Funding Scenario
5.Methionine Market - Industry Market Entry Scenario Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case studies of successful ventures
5.4 Customer Analysis - Top 10 companies
6.Methionine Market Forces
6.1 Drivers
6.2 Constraints
6.3 Challenges
6.4 Porters five force model
6.4.1 Bargaining power of suppliers
6.4.2 Bargaining powers of customers
6.4.3 Threat of new entrants
6.4.4 Rivalry among existing players
6.4.5 Threat of substitutes
7.Methionine Market -Strategic analysis
7.1 Value chain analysis
7.2 Opportunities analysis
7.3 Product life cycle
7.4 Suppliers and distributors Market Share
8.Methionine Market - By Raw Material(Market Size -$Million / $Billion)
9.1 Market Size and Market Share Analysis
9.2 Application Revenue and Trend by Product Type
9.3 Product Segment Analysis
9.3.1 DL-Methionine
9.3.2 Methionine Hydroxy Analogue
9.3.3 L-Methionine
10.Methionine Market - By Form(Market Size -$Million / $Billion)
10.1 Market Size and Market Share Analysis
11.1 Market Size and Market Share Analysis
11.2 Application Revenue and Trends by Application
11.3 Application Segment Analysis by Type
11.3.1 Animal Feed
11.3.1.1 Aquaculture
11.3.1.2 Poultry
11.3.1.3 Ruminants
11.3.1.4 Swine
11.3.1.5 Others
11.3.2 Food & Dietary Supplements
11.3.2.1 Food Fortification
11.3.2.2 Infant Formula
11.3.2.3 Nutraceutical & Dietary Supplements
11.3.2.4 Others
10.3.3 Pharmaceuticals
12.Methionine- By Geography (Market Size -$Million / $Billion)
12.1 Methionine Market - North America Segment Research
12.2 North America Market Research (Million / $Billion)
12.2.1 Segment type Size and Market Size Analysis
12.2.2 Revenue and Trends
12.2.3 Application Revenue and Trends by type of Application
12.2.4 Company Revenue and Product Analysis
12.2.5 North America Product type and Application Market Size
12.2.5.1 U.S
12.2.5.2 Canada
12.2.5.3 Mexico
12.3 Methionine- South America Segment Research
12.4 South America Market Research (Market Size -$Million / $Billion)
12.4.1 Segment type Size and Market Size Analysis
12.4.2 Revenue and Trends
12.4.3 Application Revenue and Trends by type of Application
12.4.4 Company Revenue and Product Analysis
12.4.5 South America Product type and Application Market Size
12.4.5.1 Brazil
12.4.5.2 Argentina
12.4.5.3 Colombia
12.4.5.4 Rest of South America
12.5 Methionine- Europe Segment Research
12.6 Europe Market Research (Market Size -$Million / $Billion)
12.6.1 Segment type Size and Market Size Analysis
12.6.2 Revenue and Trends
12.6.3 Application Revenue and Trends by type of Application
12.6.4 Company Revenue and Product Analysis
12.6.5 Europe Segment Product type and Application Market Size
12.6.5.1 U.K
12.6.5.2 Germany
12.6.5.3 Italy
12.6.5.4 France
12.6.5.5 Rest of Europe
12.7 Methionine - APAC Segment Research
12.8 APAC Market Research (Market Size -$Million / $Billion)
12.8.1 Segment type Size and Market Size Analysis
12.8.2 Revenue and Trends
12.8.3 Application Revenue and Trends by type of Application
12.8.4 Company Revenue and Product Analysis
12.8.5 APAC Segment - Product type and Application Market Size
12.8.5.1 China
12.8.5.3 Japan
12.8.5.4 South Korea
12.8.5.5 India
12.8.5.6 Rest of APAC
12.9 Methionine - Middle East Segment and Africa Segment Research
12.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
12.10.1 Segment type Size and Market Size Analysis
12.10.2 Revenue and Trend Analysis
12.10.3 Application Revenue and Trends by type of Application
12.10.4 Company Revenue and Product Analysis
12.10.5 Middle East Segment Product type and Application Market Size
12.10.5.1 Saudi Arabia
12.10.5.2 UAE
12.10.6 Africa Segment Analysis
12.10.6.1 South Africa
12.10.6.2 Rest of Middle East & Africa
13.Methionine Market - Entropy
13.1 New product launches
13.2 M&A s, collaborations, JVs and partnerships
14.Methionine Market - Industry / Segment Competition landscape Premium
14.1 Market Share Analysis
14.1.1 Market Share by Country- Top companies
14.1.2 Market Share by Region- Top 10 companies
14.1.3 Market Share by type of Application - Top 10 companies
14.1.4 Market Share by type of Product / Product category- Top 10 companies
14.1.5 Market Share at global level - Top 10 companies
14.1.6 Best Practises for companies
15.Methionine Market - Key Company List by Country Premium
16.Methionine Market Company Analysis
16.1 Market Share, Company Revenue, Products, M&A, Developments
16.2 AJINOMOTO
16.3 Adisseo
16.4 CJ CHEILJEDANG
16.5 Chongqing Unisplendour Chemical
16.6 Evonik
16.7 Novus International
16.9 Phibro
16.11 Sumitomo Chemicals
16.12.1 Amino GmbH
16.12.2 Beijing Fortunestar S Development
16.12.3 Bewital Agri
16.12.4 H.J. Baker & Bro
16.12.5 Iris Biotech
16.12.6 Jirong Pharmaceutical
16.12.7 KG Group
16.12.8 Kemin
16.12.9 Kingchem
16.12.10 Megamix
16.12.11 Pacific Rainbow International
16.12.12 Shaanxi Sciphar Natural Products
16.12.13 Suanfarma
16.12.14 Tokyo Chemical Industry
16.12.15 Volzhsky Orgsynthese Jsc
17.Methionine Market - Appendix
17.1 Abbreviations
17.2 Sources
18.Methionine Market - Methodology
18.1 Research Methodology
18.1.1 Company Expert Interviews
18.1.2 Industry Databases
18.1.3 Associations
18.1.4 Company News
18.1.5 Company Annual Reports
18.1.6 Application Trends
18.1.7 New Products and Product database
18.1.8 Company Transcripts
18.1.9 R&D Trends
18.1.10 Key Opinion Leaders Interviews
18.1.11 Supply and Demand Trends
LIST OF TABLES
1.Global Methionine Market By Type Market 2023-2030 ($M)1.1 DL-Methionine Market 2023-2030 ($M) - Global Industry Research
1.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Global Industry Research
1.3 L-Methionine Market 2023-2030 ($M) - Global Industry Research
2.Global Methionine Market By Type Market 2023-2030 (Volume/Units)
2.1 DL-Methionine Market 2023-2030 (Volume/Units) - Global Industry Research
2.2 Methionine Hydroxy Analogue Market 2023-2030 (Volume/Units) - Global Industry Research
2.3 L-Methionine Market 2023-2030 (Volume/Units) - Global Industry Research
3.North America Methionine Market By Type Market 2023-2030 ($M)
3.1 DL-Methionine Market 2023-2030 ($M) - Regional Industry Research
3.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Regional Industry Research
3.3 L-Methionine Market 2023-2030 ($M) - Regional Industry Research
4.South America Methionine Market By Type Market 2023-2030 ($M)
4.1 DL-Methionine Market 2023-2030 ($M) - Regional Industry Research
4.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Regional Industry Research
4.3 L-Methionine Market 2023-2030 ($M) - Regional Industry Research
5.Europe Methionine Market By Type Market 2023-2030 ($M)
5.1 DL-Methionine Market 2023-2030 ($M) - Regional Industry Research
5.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Regional Industry Research
5.3 L-Methionine Market 2023-2030 ($M) - Regional Industry Research
6.APAC Methionine Market By Type Market 2023-2030 ($M)
6.1 DL-Methionine Market 2023-2030 ($M) - Regional Industry Research
6.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Regional Industry Research
6.3 L-Methionine Market 2023-2030 ($M) - Regional Industry Research
7.MENA Methionine Market By Type Market 2023-2030 ($M)
7.1 DL-Methionine Market 2023-2030 ($M) - Regional Industry Research
7.2 Methionine Hydroxy Analogue Market 2023-2030 ($M) - Regional Industry Research
7.3 L-Methionine Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Methionine Market Revenue, 2023-2030 ($M)2.Canada Methionine Market Revenue, 2023-2030 ($M)
3.Mexico Methionine Market Revenue, 2023-2030 ($M)
4.Brazil Methionine Market Revenue, 2023-2030 ($M)
5.Argentina Methionine Market Revenue, 2023-2030 ($M)
6.Peru Methionine Market Revenue, 2023-2030 ($M)
7.Colombia Methionine Market Revenue, 2023-2030 ($M)
8.Chile Methionine Market Revenue, 2023-2030 ($M)
9.Rest of South America Methionine Market Revenue, 2023-2030 ($M)
10.UK Methionine Market Revenue, 2023-2030 ($M)
11.Germany Methionine Market Revenue, 2023-2030 ($M)
12.France Methionine Market Revenue, 2023-2030 ($M)
13.Italy Methionine Market Revenue, 2023-2030 ($M)
14.Spain Methionine Market Revenue, 2023-2030 ($M)
15.Rest of Europe Methionine Market Revenue, 2023-2030 ($M)
16.China Methionine Market Revenue, 2023-2030 ($M)
17.India Methionine Market Revenue, 2023-2030 ($M)
18.Japan Methionine Market Revenue, 2023-2030 ($M)
19.South Korea Methionine Market Revenue, 2023-2030 ($M)
20.South Africa Methionine Market Revenue, 2023-2030 ($M)
21.North America Methionine By Application
22.South America Methionine By Application
23.Europe Methionine By Application
24.APAC Methionine By Application
25.MENA Methionine By Application
26.Evonik, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Adisseo, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Novus International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.CJ CHEILJEDANG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Sumitomo Chemicals, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.AJINOMOTO, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Phibro, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Prinova Group LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Sunrise Nutrachem Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Chongqing Unisplendour Chemical, Sales /Revenue, 2015-2018 ($Mn/$Bn)