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" published by MarketsandMarkets™, 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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Browse 73 market data Tables and 29 Figures spread through 121 Pages and in-depth TOC on "Methionine
Market"
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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.
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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.
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.
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.