Methionine Market Share, Current Industry Scenario, New Developments, Emerging Trends, Product Analysis and Top Regions from 2019 to 2023
methionine market is segmented on the basis of the type as DL-methionine, methionine hydroxy analogue (MHA), L-methionine. Among these, DL-methionine is the largest segment due to its wide range of applications in food & beverage, pharmaceuticals, personal care, agriculture, and others
Pune, India – September 27, 2019 /MarketersMedia/ —
Market Overview
Methionine is one of the nine essential amino acids important for growth and tissue repair in humans and avian species. It is found in eggs, cheese, asparagus, Brazil nuts, meat, poultry, etc. It helps in increasing the copper level in the body and in the growth of new blood vessels.
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The global methionine market is segmented on the basis of the type as DL-methionine, methionine hydroxy analogue (MHA), L-methionine. Among these, DL-methionine is the largest segment due to its wide range of applications in food & beverage, pharmaceuticals, personal care, agriculture, and others. DL-methionine is an amino acid supplement used as a nutritional supplement and food additive. The increasing health concerns are expected to drive the market growth due to its use as a protector for liver cirrhosis, toxic hepatitis, and pneumonia. Furthermore, L-methionine is a powerful antioxidant and helps to fight free radicals in the body and slows down the aging process. The other factors driving the market are the benefits of L-methionine in reducing the risk of colorectal cancer, reduction of tremors in Parkinson’s patients, strengthening the bone structure, and aids weight loss. Moreover, the emerging use of methionine hydroxy analogue (MHA) in aquaculture is likely to propel the market growth during the assessment period.
Market Segmentation
The global methionine market is segmented based on the type, end-use industry, and region.
Based on the type, the global methionine market is segmented into DL-methionine, methionine hydroxy analogue (MHA), and L-methionine.
Based on the end-user industry, the global methionine market is segmented into animal feed, food & beverage, pharmaceuticals, and others.
Competitive Analysis
Sumitomo Chemical Co., Ltd
Evonik Industries AG
Bluestar Adisseo Co., Ltd.
Novus International
Tokyo Chemical Industry Co., Ltd.
Sunrise Nutrachem Group
Prinova Group LLC
AJINOMOTO CO., INC
Amino GmbH
Chongqing Unisplendour Chemical Co. Ltd.
Sichuan Hebang Group Industry Co., Ltd
Iris Biotech GmbH
Phibro Animal Health Corporation
CJ Cheiljedang Center
Kingchem Life Science LLC
Regional Analysis
The global methionine market is segmented into five regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
The Asia Pacific is the fastest emerging region on account of the high cattle production in this region.
North American and European market is likely to grow significantly owing to the increasing demand for food & beverage and pharmaceutical industries in the region.
Latin America and the Middle East & Africa are anticipated to witness considerable growth due to the meat production and exportation in the region.
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