Market Research Global Methionine Market Analysis 2018

The global methionine market is expected to register a CAGR of 6.01% during the forecast
period, majorly due to its increasing adoption in aquaculture to provide the most effective
methionine source to the agriculture feed industry.
Growing Usage in Aquaculture Industry
Methionine is used on shrimp, finfish, and crustaceans. Methionine ensures the adequate supply
of sulfur amino acids. These can be processed into mineral, premixes, and compound feeds,
together with milk replacers by any technical procedure. Its technical properties guarantee
homogeneous mix-ability. It is classified as a safe chemical. Rising dietary products related to
fish proteins and tuna infused sports supplements for healthy lifestyle are also expected to boost
the growth of this market.
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Animal Feed is Expected to Dominate the Global Market
Methionine is a sulfur-containing amino acid and serves as a building block for protein. It also
has potent detoxification properties, helping the human body to excrete heavy metals. It is widely
used in poultries and animal husbandry firms across the globe. Animal feed industry is expected
to record the fastest growth within the upcoming years. Methionine is used in large quantities to
promote the growth of poultry and livestock, shorten feeding cycles, and increase the quantity of
lean meat. It is more efficient than fish powder (which was previously used) as it is cheap, easily
available, and effective. Additionally, methionine-based medicines are also used for increasing
the acidity of urine, treating liver disorders, and improving wound healing.
Asia-Pacific is the Most Dominating Region
In 2017, Asia-Pacific accounted for the largest regional market, while North America was
estimated to be the fastest-growing methionine market. The market in APAC was driven by the
increasing demand for dietary supplements. Cattle production is done in most of the countries in
APAC. This will enable APAC to retain its position in the market as it is a considerable producer
and consumer of methionine. Furthermore, increasing population and mass meat consumption in
this region are also expected to drive the growth of the market during the forecast period.
Key Developments in the Market
December 2016: Sumitomo Chemical is building a methionine manufacturing facility on the
island of Shikoku in Japan on account of the growing demand for feed additives in the Asian
poultry sector, with output of around 100,000 metric ton per year.
October 2016: Germany-based chemical Industry, Evonik, has begun construction work to build
a second large-scale plant for the production of amino acid DL-methionine at Jurong Island in
Singapore and is expected to become operational in 2019.
Major Players: Sumitomo Chemical Corporation Limited, Bluestar Adisseo Company, Evonik
Industries, CJ CheilJedang, and Tokyo Chemical Industry Co., amongst others.
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