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Report
Methionine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-09-04 I 141 Pages I IMARC Group
Market Overview:
The global methionine market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
Methionine is an amino acid enabling the body to make several essential compounds, which are necessary for the proper functioning of cells. It possesses the ability to be converted into sulfur-containing molecules that assist in protecting tissues, modifying deoxyribonucleic acid (DNA), and generating new proteins inside the cells. It aids in improving the tone and elasticity of the skin, promoting healthy hair, and strengthening the nails. Apart from this, it offers several advantages, such as facilitating the detoxifying process, slowing down aging, helping with the absorption of other nutrients, and preventing excess fat in the liver.
Methionine Market Trends:
Presently, there is a rise in the consumption of meat products among the masses as it is a remarkable source of protein. This, along with the growing establishment of meat outlets across the globe, represents one of the key factors driving the market. Moreover, there is an increase in the adoption of methionine by livestock manufacturers as animal feed additives to enhance their nutritional value. This, coupled with the rising awareness among the masses about the health of livestock, is propelling the growth of the market. In addition, the growing demand for methionine in the production of carbohydrate food products, nutrition bars, weight loss pills, and nutrition supplements is positively influencing the market. Besides this, the increasing employment of methionine as an intermediate in the manufacturing of vitamin and liver-related medicines is offering lucrative growth opportunities to industry investors. Apart from this, its rising application in minimizing the risk of ovarian and rectal cancer among women and proximal colon cancer in men is bolstering the growth of the market. Additionally, the escalating demand for methionine in the cosmetic industry as hair-conditioning and skin-conditioning agents is projected to strengthen their market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global methionine market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, raw material and end use industry.
Breakup by Type:
Liquid
Powder
Breakup by Raw Material:
Plant Based
Animal Based
Breakup by End Use Industry:
Food and Beverage
Pharmaceutical
Animal Feed
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BEWITAL agri GmbH & Co. KG, Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.), CJ CheilJedang Corporation, Evonik Industries AG (RAG-Stiftung), Iris Biotech GmbH, Kemin Industries Inc., Megamix Inc., Novus International Inc. (Mitsui & Co. Ltd.), Sumitomo Chemical Co. Ltd. , Tokyo Chemical Industry Co. Ltd, Volzhsky Orgsynthese JSC (Olymp Technologies S.A.) and Zhejiang NHU Co. Ltd.
Key Questions Answered in This Report:
How has the global methionine market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global methionine market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the raw material?
What is the breakup of the market based on the end use industry?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global methionine market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Methionine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Liquid
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Powder
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Raw Material
7.1 Plant Based
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Animal Based
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End Use Industry
8.1 Food and Beverage
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Pharmaceutical
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Animal Feed
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 BEWITAL agri GmbH & Co. KG
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Financials
14.3.3 CJ CheilJedang Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.4 Evonik Industries AG (RAG-Stiftung)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Iris Biotech GmbH
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Kemin Industries Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Megamix Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Novus International Inc. (Mitsui & Co. Ltd.)
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Sumitomo Chemical Co. Ltd.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Tokyo Chemical Industry Co. Ltd
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Volzhsky Orgsynthese JSC (Olymp Technologies S.A.)
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Zhejiang NHU Co. Ltd.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
Figure 1: Global: Methionine Market: Major Drivers and Challenges
Figure 2: Global: Methionine Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Methionine Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Methionine Market: Breakup by Type (in %), 2022
Figure 5: Global: Methionine Market: Breakup by Raw Material (in %), 2022
Figure 6: Global: Methionine Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Methionine Market: Breakup by Region (in %), 2022
Figure 8: Global: Methionine (Liquid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Methionine (Liquid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Methionine (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Methionine (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Methionine (Plant Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Methionine (Plant Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Methionine (Animal Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Methionine (Animal Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Methionine (Food and Beverage) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Methionine (Food and Beverage) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Methionine (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Methionine (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Methionine (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Methionine (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Methionine (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Methionine (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Methionine Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Methionine Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Methionine Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Methionine Industry: SWOT Analysis
Figure 74: Global: Methionine Industry: Value Chain Analysis
Figure 75: Global: Methionine Industry: Porter's Five Forces Analysis
Table 1: Global: Methionine Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Methionine Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Methionine Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 4: Global: Methionine Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Methionine Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Methionine Market: Competitive Structure
Table 7: Global: Methionine Market: Key Players
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