Global Methionine Market 2017-2021

Overview of the global methionine market

A large number of manufacturers use methionine in the production of various medicines. Methionine is extensively preferred because it is an amino acid that helps in the neutralization of ammonia in urine. In addition, research analysis on the global methionine market identifies that the increasing scope of application of methionine in the pharmaceutical and medical industries will be one of the major factors that will have a positive impact on the growth of the market. The pharmaceutical and medical industries are increasingly focusing on the development of solutions to increase the acidity of urine and heal wounds by using DL-methionine and other methionine-based medicines. Also, the breakdown of acetaminophen causes acetaminophen (Tylenol) poisoning, which in turn, results in liver damage. This boosts the demand for methionine because it is used to treat liver disorders by preventing the liver damage. It is also used to treat depression, alcoholism, allergies, asthma, copper poisoning, radiation side-effects, and schizophrenia. Technavio's market research analysts predict that this market will grow at a CAGR of close to 7% by 2021.

One of the key trends that will gain traction in the global methionine market during the predicted period is the increased use of dietary and sports methionine supplement for a healthy lifestyle. Also, one of the key aspects of sports to enhance one's performance in the game is the consumption of nutrition. This drives the need for L-methionine in dietary and sports supplements. It has sulfur content, which aids in healthy growth and metabolism.

Competitive landscape and key vendors

The methionine market is characterized by the presence of prominent vendors and numerous small regional vendors. These vendors have huge production facilities and vast geographical presence. Vendors of the DL-methionine market are increasingly competing against each other based on factors such as operational cost, innovation, price, and product quality. Furthermore, some of the suppliers with financial, technological, and other resources can withstand changes in market conditions.

Key vendors in this market are -

• China National BlueStar
• CJ CheilJedang
• Evonik Industries
• Sumitomo Chemical
• TOKYO CHEMICAL INDUSTRY

Other prominent vendors in the market include AJINOMOTO, IRIS BIOTECH, NOVUS INTERNATIONAL, Phibro Animal Health, SUANFARMA, and Volzhsky Orgsynthese.

Segmentation by application and analysis of the methionine market

• Food and dietary supplements
• Animal feed
• Pharmaceuticals

The increasing demand for poultry and livestock is driving the adoption of methionine in animal feed. The body of an animal does not produce methionine and obtains essential amino acids through their food. This drives the need for methionine in animal feed because it is essential for healthy and productive poultry and livestock. It also provides the building blocks for immune cells and tissues. The animal feed segment will continue to grow for the next four years due to the increasing population and rising consumption of meat and the development of science and technology related to animal feed.

Segmentation by geography and analysis of the methionine market

• APAC
• Europe
• North America
• ROW

In terms of geography, APAC is a producer and consumer of methionine due to the widespread production of cattle in most of the countries in the region. The adoption of methionine is high in the region because the government is focusing on ensuring the food security for the rising population by providing support for animal husbandry. The market will continue to grow in the region throughout the estimated period due to the rising emphasis on biotechnological innovations in animal productivity.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global methionine market?
• What are the key market trends impacting the growth of the global methionine market?
• What are the challenges to market growth?
• Who are the key vendors in the global methionine market?
• What are the market opportunities and threats faced by the vendors in the global methionine market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global methionine market?

Technavio also offers customization on reports based on specific client requirement.

Methionine is an amino acid which is essential in the biosynthesis of proteins.  A thorough data collection methodology is followed by our market research reports for the chemicals and materials industry and offer a detailed analysis of fast growing market segments like specialty chemicals. This upcoming industry research report on the global methionine market offers key insights into the latest trends and market drivers influencing the growth of the specialty chemicals industry.

To help the clients expand in niche markets and identify potential market opportunities, this report on the global methionine maket also covers geographies like the Americas, APAC, and EMEA. This upcoming industry report also considers the growth of the similar markets such as the acrylonitrile market, which is expected to grow at a CAGR of close to 3% by 2021. As per our market research experts, the rising consumption of meat as a source of protein may influence the demand for methionine in the coming years.

To correctly estimate the growth of the global methionine market, the market research analysts at Technavio follow a meticulous approach to primary and secondary research and analyze the data collected from various sources including industry experts, research journals, and manufacturers. Additionally, to offer clients insights into the competitive landscape, this market report also covers vendors like Tokyo Chemical Industry, Evonik, Sumitomo, Jinzhou Jirong Amino Acid Co, and Beijing FortuneStar S&T Development Co.

This upcoming market research report on the global methionine market also identifies the key influencers, the emerging trends, and the major challenges faced by the vendors in the specialty chemicals sector. Furthermore, to  offer a holistic overview of the industry's growth prospects, the report also provides detailed insights on the changing competitive landscape and the strategies followed by the major players to establish their presence in the global market.

Our market research methodology for the global methionine market

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.