Methionine Market by Type (L-Methionine, MHA, Dl-Methionine), Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2022

1. MarketsandMarkets™
Presents
Methionine Market By
Type, Application &
Region - Global
Forecast to 2022

2. Methionine Market worth 4.45 Billion USD by 2022
The report "Methionine Market by Type (L-Methionine, MHA, Dl-
Methionine), Application (Animal Feed, Food & Dietary Supplements,
Pharmaceuticals), and Region (North America, Europe, Asia-Pacific,
Middle East & Africa, South America) - Global Forecast to 2022", The
methionine market is projected to grow from USD 3.36 Billion in 2017 to
USD 4.45 Billion by 2022, at a CAGR of 5.7% from 2017 to 2022.
Methionine is one of the essential amino acids, which is required for
tissue repair and its growth, enhancement of pliability, the tone of hair
and skin, and strengthen nails. The growth of the methionine market can
be attributed to the increasing health issues of consumers, growth in the
consumption of animal-based products, and implementation of
innovative animal husbandry practices to improve meat quality owing to
the increasing demand for protein-rich food globally. These factors are
leading to an increase in the demand for methionine globally.

3. Methionine Market worth 4.45 Billion USD by 2022
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73 data tables
29 figures
121 pages and in-depth TOC on “Methionine Market”
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The methionine market is projected to grow from USD 3.36 Billion in 2017 to USD 4.45
Billion by 2022, at a CAGR of 5.7% from 2017 to 2022.
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4. Methionine Market worth 4.45 Billion USD by 2022
The animal feed application segment is projected to lead the
methionine market during the forecast period.
Based on application, the methionine market has been
segmented into animal feed (poultry, swine, ruminants, and
aquaculture), food & dietary supplements (nutraceutical &
dietary supplements, infant formula, food fortification, and
convenience food), and pharmaceuticals. In terms of value, the
animal feed application segment led the global methionine
market in 2016, having accounted for the largest market share in
the same year. This growth can be attributed to the increasing
consumption of animal-based products, especially high meat
consumption for the desired protein intake.

5. Methionine Market worth 4.45 Billion USD by 2022
DL-Methionine is the largest type segment of the
methionine market.
Different types of methionine, such as L-Methionine, DL-
Methionine, and MHA are used in various applications
such as animal feed, food & dietary supplements, and
pharmaceuticals. DL-Methionine is majorly used in
various applications and this segment accounted for the
largest share of 66.8% of the methionine market in
2016, owing to the reduced nitrogen excretions, support
performance during heat stress, and excellent
antioxidant capacity of DL-Methionine.

6. Methionine Market worth 4.45 Billion USD by 2022
Asia-Pacific (APAC) is expected to be the largest market for
methionine during the forecast period.
In terms of value, the APAC region accounted for the largest share
of the methionine market in 2016. Animal feed production and
consumption of animal-based products are high in this region due
to the growing economy, high disposable income of consumers,
and increasing population and standard of living. China and India
are the key manufacturers of methionine due to its high demand
for various applications, especially the animal feed. All these
factors are fueling the demand for methionine in the APAC
region.

7. Methionine Market worth 4.45 Billion USD by 2022
Key Players: Major players in the global methionine market are
Evonik (Germany), Adisseo (France), Novus International (US), CJ
CHEILJEDANG (South Korea), Sumitomo Chemical (Japan),
AJINOMOTO (Japan), Phibro (US), Prinova Group (US), Sunrise
Nutrachem (China), and Chongqing Unisplendour Chemical
(China).
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