Global Methionine Market Overview 2023-2028
IMARC Group, a leading market research company, has recently releases report titled “Methionine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global methionine market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
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 a sulfur-containing amino acid that is fundamental for the creation of proteins in the body, contributing to cell structure and function. It participates in key metabolic pathways, including the methylation process necessary for deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) synthesis. It serves as a precursor to glutathione, a molecule involved in detoxifying substances like heavy metals in the body. It is readily available in animal proteins, making it easier for the body to absorb and utilize. It is essential for normal growth and development, particularly during infancy and childhood. It helps in the formation of immune cells, which makes it important for immune function. It participates in the synthesis of neurotransmitters, which affect mood and mental alertness.
Global Methionine Market Trends and Drivers:
At present, the rising consumption of protein-rich diets consisting of animal meat, eggs, and milk represents one of the crucial factors impelling the market growth. Additionally, the growing awareness about the health benefits of methionine, such as its antioxidant properties and role in liver detoxification, is positively influencing the market. Besides this, the increasing utilization of methionine in animal feed to ensure optimal growth and development of livestock is propelling the market growth. Moreover, the rising popularity of methionine as a health supplement for the treatment of liver diseases, psychiatric disorders, and specific skin conditions is contributing to the market growth. In addition, the growing trend toward health and wellness among individuals is driving the demand for dietary supplements that include essential amino acids like methionine. Furthermore, the increasing number of innovations in production technology is enabling manufacturers to produce methionine more efficiently at a lower cost, making it more accessible for various applications. Apart from this, the rising emphasis on personalized nutrition, guided by genetic and metabolic data, is catalyzing the demand for specific amino acid supplements like methionine, which are tailored to individual needs.
Global Methionine Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are:
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.
The report segmented the market on the basis of region, 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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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