Methionine is a protein-based amino acid and lipotropic compound that helps with metabolism and breaks down fat. It contains an α-amino group, an α-carboxylic acid group and an S-methyl thioether side chain. Methionine is classed as an essential amino acid and cannot be synthesized by the body itself.
Population growth and rising affluence are resulting in increased meat consumption in many parts of the world, driving up the demand for methionine. As an important amino acid, methionine is widely used in feed, pharmaceutical and food. Animal feed additive is the largest downstream products of methionine, taking 89.64% of the world methionine consumption in 2015. Soild methionine can to use in different fields while liquid methionine is only used as in animal feed additives.
Global methionine production increased from 806.56 K MT in 2011 to 1041.25 K MT in 2015 The technical barriers of methionine are high, and the Methionine market concentration degree is relatively high. Major companies in methionine market include Evonik, Bluestar, NOVUS, Sumitomo Chemical, CJ and Unisplendour. Evonik manufactured 379.55 K MT methionine in 2015 accounting for 36.45% of the global production, followed by Blustar taking about 24.08%. CJ is a new entrant of this market with a manufacturing plant is Malaysia.
Up to now, Evonik, Bluestar and NOVUS occupy relatively large market share in China. There are other new enterprises operating in this market in recent years. However, local Chinese methionine manufacturers have small market share, and mainly depend on importing.
The key downtstream driving the growth of the methionine industry is feed industry. With the improvement of household income and protein meat consumption, animal feed has been a huge increase in demand. The increased consumption of methionine is expected to continue during the forecast period of 2016-2021. Methionine industry will usher in a huge growth space.
In the past few years, the raw material was impacted by the petrochemical industry. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Methionine. As the same time, intensive import supplies and domestic large demand maintained Methionine prices at relatively high levels. Therefore, to some extent, the companies face the benefit of profit increase.
The global Methionine market was 5830 million US$ in 2018 and is expected to 7210 million US$ by the end of 2025, growing at a CAGR of 2.7% between 2019 and 2025.
This report studies the Methionine market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Methionine in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
CJ Cheiljedang Corp
Chongqing Unisplendour Chemical
By the product type, the market is primarily split into
By the end users/application, this report covers the following segments
We can also provide the customized separate regional or country-level reports, for the following regions:
Rest of Asia-Pacific
Rest of Europe
Central & South America
Rest of Central & South America
Middle East & Africa
Rest of Middle East & Africa
The study objectives of this report are:
To study and analyze the global Methionine market size (value & volume) by company, key regions/countries, products and application, history data from 2014 to 2018, and forecast to 2025.
To understand the structure of Methionine market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Methionine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Methionine with respect to individual growth trends, future prospects, and their contribution to the total market.
To project the value and volume of Methionine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
In this study, the years considered to estimate the market size of Methionine are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million USD) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Methionine market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Raw material suppliers
Regulatory bodies, including government agencies and NGO
Commercial research & development (R&D) institutions
Importers and exporters
Government organizations, research organizations, and consulting firms
Trade associations and industry bodies
With the given market data, QYResearch offers customizations according to the company's specific needs. The following customization options are available for the report:
Further breakdown of Methionine market on basis of the key contributing countries.
Detailed analysis and profiling of additional market players.