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Methionine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 141 pages | ID: MDB52C3757C5EN
IMARC Group

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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

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL METHIONINE MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY TYPE

6.1Liquid
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Powder
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY RAW MATERIAL

7.1Plant Based
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Animal Based
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY END USE INDUSTRY

8.1Food and Beverage
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Pharmaceutical
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Animal Feed
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4Others
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1North 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
9.2Asia-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
9.3Europe
  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
9.4Latin 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
9.5Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
  14.3.1BEWITAL agri GmbH & Co. KG
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2Bluestar 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
  14.3.3CJ CheilJedang Corporation
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
    14.3.3.3 Financials
  14.3.4Evonik 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
  14.3.5Iris Biotech GmbH
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6Kemin Industries Inc.
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7Megamix Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8Novus International Inc. (Mitsui & Co. Ltd.)
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
  14.3.9Sumitomo 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
  14.3.10Tokyo Chemical Industry Co. Ltd
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11Volzhsky Orgsynthese JSC (Olymp Technologies S.A.)
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12Zhejiang NHU Co. Ltd.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials

LIST OF TABLES

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

LIST OF FIGURES

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


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