Methionine Market by Form, by Application, by Type, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023

  • ID: 4600394
  • Report
  • Region: Global
  • 148 pages
  • P&S Market Research
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  • Ajinomoto Co. Inc
  • Arkema Group
  • BASF SE.
  • Bluestar Adisseo Company
  • Evonik Industries AG
  • METabolic EXplorer
  • MORE
The methionine market is projected to reach $9,121.9 million by 2023.

The market growth is mainly driven by increasing demand for animal feed in the poultry industry, rise in poultry consumption, and surge in R&D activities by key players.

Insights into market segments

Based on form, the methionine market is categorized into powder and liquid. Of these two, powder was the larger form type in the market, with the respective volume and value contributions exceeding 60.0% and 55.0% in 2017. The high consumption of powder form in the food and beverage and animal husbandry industries is attributing to its larger share in the market.

Based on application, the methionine market is categorized into animal feed additive, pharmaceutical, food processing, aquaculture, and others. Other application includes cosmetics and personal care. Animal feed additive is the largest application area in the market. According to data from the Institute for Feed Education and Research (IFEEDER), in 2016, the U.S. animal feed manufacturing industry experienced total sales of $297.1 billion. Hence, large-scale consumption of animal feed is accelerating the consumption of the chemical for this application category in the market.

Based on type, the methionine market is categorized into DL-methionine, L-methionine, and methionine hydroxy analog (MHA). DL-methionine was the largest category in the market, contributing more than 55.0% revenue share in 2017. High demand for DL-methionine as nutritional and dietary supplement from the animal husbandry and food processing sectors is driving its demand globally.

Methionine market to witness the fastest growth in APAC during the forecast period

Asia-Pacific (APAC) is expected to be the fastest growing methionine market, with respective volume and value CAGRs of 9.0% and 10.7% during the forecast period. The market in the region is driven by the presence of key players such as Bluestar Adisseo Company, Sumitomo Chemical Company Limited, and Ajinomoto Co. Inc. The major market players in the region are focusing on increasing their production capacity in order to cater to the growing demand for animal feed. For instance, in October 2016, Evonik Industries AG planned to build a second world-scale plant for the production of the amino acid, DL-methionine, in Singapore.

Increasing demand of methionine in pharmaceutical applications is expected to provide growth opportunities in the market

Methionine is widely used as an intermediate in the preparation of liver-related and vitamin medicines to treat liver cirrhosis, toxic hepatitis, and pneumonia. It is also used in improving wound healing, allergies, and copper poisoning. Furthermore, L-methionine is a powerful antioxidant and helps in slowing down the aging process. It is also used in reducing the risk of colorectal cancer, strengthening the bone structure, and aids in weight loss. Hence, the emerging use of the amino acid in pharmaceutical applications is expected to provide lucrative opportunities for the methionine market growth.

Surge in poultry consumption is primarily linked to four significant factors, namely, population growth, chicken prices relative to the prices of competitive MEA ts, improvement in incomes, and dietary preferences. With the increasing population, the demand for food will also increase, thereby leading to surge in poultry consumption. As per the global poultry trend data, poultry MEA t intake is forecasted to increase by 1.7 kg per person from 13.2 kg in 2013 to 14.9 kg in 2023. Hence, with the increase in consumption, the demand for animal feed additive is also increasing, thereby leading to the methionine market growth.

Methionine Market Competitive Landscape

Some of the major players operating in the global methionine market are Novus International Inc., Evonik Industries AG, Bluestar Adisseo Company, Sumitomo Chemical Company Limited, Arkema Group, METabolic EXplorer, Archer Daniels Midland Company, Ajinomoto Co. Inc, Royal DSM, and BASF SE.
Note: Product cover images may vary from those shown
2 of 4


  • Ajinomoto Co. Inc
  • Arkema Group
  • BASF SE.
  • Bluestar Adisseo Company
  • Evonik Industries AG
  • METabolic EXplorer
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation By Form
1.3.2 Market Segmentation By Type
1.3.3 Market Segmentation By Application
1.3.4 Market Segmentation By Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit Value Volume
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents By Region By Industry Participant By Company Type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions For The Study

Chapter 3. Executive Summary
3.1 Voice Of Industry Experts/Kols

Chapter 4. Introduction
4.1 Definition Of Market Segments
4.1.1 By Form Powder Liquid
4.1.2 By Type Dl-Methionine L-Methionine Mha
4.1.3 By Application Animal Feed Additives Pharmaceuticals Food Processing Aquaculture Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trend Shift Toward Bio-Methionine From Synthetic Sources
4.3.2 Drivers Growing Demand For Animal Feed In Poultry Industry Increase In Poultry Consumption Surge In R&D Activities By Key Players Impact Analysis Of Drivers On Market Forecast
4.3.3 Restraints Requirement Of Hazardous Chemical Raw Materials In Methionine Production Impact Analysis Of Restraints On Market Forecast
4.3.4 Opportunities Increasing Demand Of Methionine In Pharmaceutical Applications

Chapter 5. Regulation Analysis
5.1 U.S.
5.2 Europe
5.3 China
5.4 Japan
5.5 Brazil

Chapter 6. Global Market Size And Forecast
6.1 By Form
6.2 By Type
6.3 By Application
6.4 By Region

Chapter 7. North America Market Size And Forecast
7.1 By Form
7.2 By Type
7.3 By Application
7.4 By Country

Chapter 8. Europe Market Size And Forecast
8.1 By Form
8.2 By Type
8.3 By Application
8.4 By Country

Chapter 9. APAC Market Size And Forecast
9.1 By Form
9.2 By Type
9.3 By Application
9.4 By Country

Chapter 10. LATAM Market Size And Forecast
10.1 By Form
10.2 By Type
10.3 By Application
10.4 By Country

Chapter 11. MEA Market Size And Forecast
11.1 By Form
11.2 By Type
11.3 By Application
11.4 By Country

Chapter 12. Production And Demand Analysis
12.1 U.S.
12.2 Europe
12.3 China
12.4 Japan And South Korea

Chapter 13. Raw Material Price Analysis
13.1 Raw Material Price
13.1.1 North America
13.1.2 Europe
13.1.3 Apac
13.2 Domestic Price Of Methionine
13.2.1 North America
13.2.2 Europe
13.2.3 Apac
13.2.4 Latam
13.2.5 MEA

Chapter 14. Competitive Landscape
14.1 Market Share Analysis Of Key Players
14.2 Competitive Benchmarking Of Key Players
14.3 Global Strategic Developments Of Key Players
14.3.1 Facility Expansions
14.3.2 Other Developments

Chapter 15. Company Profiles
15.1 Evonik Industries Ag
15.1.1 Business Overview
15.1.2 Product And Service Offerings
15.1.3 Key Financial Summary
15.2 Ajinomoto Group
15.2.1 Business Overview
15.2.2 Product And Service Offerings
15.2.3 Key Financial Summary
15.3 Sumitomo Chemical Company Limited
15.3.1 Business Overview
15.3.2 Product And Service Offerings
15.3.3 Key Financial Summary
15.4 Basf Se
15.4.1 Business Overview
15.4.2 Product And Service Offerings
15.4.3 Key Financial Summary
15.5 Arkema Group
15.5.1 Business Overview
15.5.2 Product And Service Offerings
15.5.3 Key Financial Summary
15.6 Novus International Inc.
15.6.1 Business Overview
15.6.2 Product And Service Offerings
15.7 Bluestar Adisseo Company
15.7.1 Business Overview
15.7.2 Product And Service Offerings
15.7.3 Key Financial Summary
15.8 Metabolic Explorer
15.8.1 Business Overview
15.8.2 Product And Service Offerings
15.8.3 Key Financial Summary
15.9 Archer Daniels Midland Company
15.9.1 Business Overview
15.9.2 Product And Service Offerings
15.9.3 Key Financial Summary
15.10 Royal Dsm
15.10.1 Business Overview
15.10.2 Product And Service Offerings
15.10.3 Key Financial Summary

Chapter 16. Appendix
16.1 Abbreviations
16.2 Sources And References
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4 of 4
  • Novus International Inc.
  • Evonik Industries AG
  • Bluestar Adisseo Company
  • Sumitomo Chemical Company Limited
  • Arkema Group
  • METabolic EXplorer
  • Archer Daniels MidlCompany
  • Ajinomoto Co. Inc
  • Royal DSM
  • BASF SE.
Note: Product cover images may vary from those shown
5 of 4
Note: Product cover images may vary from those shown