The animal feed industry is expected to record the fastest growth, as methionine is used in large quantities to promote growth of poultry and livestock, shorten feeding cycles, and increase the quantity of lean meat. Methionine is more efficient than fish powder, which was previously used, as it is cheap, easily available and effective. The use of Methionine in food production and pharmaceutical industries is also increasing, owing to its use as a nutrition supplement and intermediate, flavor enhancer and reducing agents.
The Methionine market is segmented by end-user industry, which includes food production, beverage, pharmaceutical, cosmetics, agriculture, animal feed, and others. It is also segmented by application, which includes animal feed additive, sodium reducing agent, nutrition supplements, intermediates in medicine manufacture, flavor enhancer and others.
The market is also segmented by geography as North America (United States, Canada, Mexico and Rest of North America), Europe (Germany, United Kingdom, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America), and Middle-East & Africa (South Africa, Saudi Arabia, and Rest of Middle-East & Africa).
Key players in Methionine market include Sumitomo Chemical Corporation Limited, Adisseo (China National BlueStar Co. Ltd.), Evonik Industries, CJ CheilJedang, Tokyo Chemical Industry Co., Ltd., Chongqing Unisplendour Chemical Co., Ltd., etc. among others.
1.2 Research Methodology
2. Executive Summary
3. Global Methionine Market
3.2 Industry Value Chain Analysis
3.3 Industry Attractiveness Porters 5 Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Consumers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products
3.3.5 Competitive Rivalry among Existing Competitors
4. Sources of Methionine
4.1 Chemical Synthesis
4.2 Enzymatic Conversion of DL Methionine to L Methionine
4.3 Fermentation from Natural Sources
4.4 Fermentation from Precursors
5. Market Dynamics
5.1.1 Increasing Population and Individual Income
5.1.2 Growing Demand from Developing Countries
5.1.3 Increase in Genetic Technologies
5.2.1 Volatility in Raw Material Prices
5.2.2 Rising Energy Prices
5.3.1 Increase in the Weight of Broilers through a Balanced Diet
5.3.2 Demand for Broader Food Portfolio Particularly in Proteins
5.3.3 Eco-friendly means of extracting Methionine
6. Market Segmentation and Analysis
6.1 By End-user Industry
6.1.1 Food production
6.1.6 Animal feed
6.2 By Application
6.2.1 Animal Feed Additive
6.2.2 Sodium Reducing Agent
6.2.3 Nutrition Supplements
6.2.4 Intermediate in Medicine Manufacturing
6.2.5 Flavor Enhancer
7. Regional Market Analysis
7.1 North America
7.1.1 United States
7.1.4 Rest of North America
7.2.2 United Kingdom
7.2.5 Rest of Europe
7.3.4 South Korea
7.3.5 Rest of Asia-Pacific
7.4 South America
7.4.3 Rest of South America
7.5 Middle-East& Africa
7.5.1 South Africa
7.5.2 Saudi Arabia
7.5.3 Rest of Middle-East & Africa
8. COMPETITIVE LANDSCAPE
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players
9. COMPANY PROFILES
9.1 Adisseo (China National Bluestar (Group) Co,Ltd.)
9.2 Shijiazhuang Jirong Pharmaceutical Co., Ltd.
9.3 Evonik Industries
9.4 Novus International
9.5 Sumitomo Chemical Co., Ltd
9.6 CJ CheilJedang + Arkema
9.7 Phibro Animal Health Corporation
9.8 SuanFarma Inc.
9.9 Chongqing Unisplendour Chemical Co., Ltd.
9.10 Ajinomoto Co., Inc.
9.11 Volzhsky Orgsynthese, JSC
9.12 Metabolic Explorer SA
9.13 Roquette Group
9.14 ADM Animal Nutrition (Archer Daniels Midland Company)
9.15 H.J. Baker & Bro., Inc.
9.16 Anaspec Inc. (Eurogentec S.A.)
9.17 Prinova Europe Limited
9.18 Tokyo Chemical Industry Co., Ltd.
9.19 Beijing FortuneStar S&T Development Co., Limited
9.20 Iris Biotech GmbH