Methionine Market Size, Share Report 2023-2028: Growth, SWOT Analysis and Forecast Research

April 18 18:15 2023
Methionine Market Size, Share Report 2023-2028: Growth, SWOT Analysis and Forecast Research
IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.

The latest research study “Methionine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that 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.

Industry Definition and Application:

Methionine is an amino acid that allows the body to generate various essential compounds vital for the proper functioning of cells. It can be converted into molecules that contain sulfur, which assists in modifying deoxyribonucleic acid (DNA), protecting tissues, and generating new proteins inside the cells. It aids in enhancing the elasticity and tone of the skin, stretching the nails, and promoting healthy hair. It also offers various advantages such as slowing the aging process, facilitating detoxifying process, helping with the absorption of other nutrients, and preventing excess fat in the liver.

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Market Trends and Drivers:

One of the primary factors driving the market is the increasing consumption of meat products among the masses, as they are an excellent source of protein. Additionally, the growing establishment of meat outlets worldwide is propelling the market growth. Other than this, livestock manufacturers are extensively adopting methionine as an animal feed additive to improve its nutritional value.

Besides this, the increasing usage of methionine in producing nutrition bars, nutrition supplements, weight loss pills, and carbohydrate food products is creating a positive market outlook. Apart from this, there has been increasing product application in reducing the risk of ovarian and rectal cancer among women and proximal colon cancer among men. Moreover, the extensive utilization of methionine in the cosmetic industry as hair-conditioning agents and skim-conditioning agents is driving the market.

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Methionine Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global methionine market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • BEWITAL agri GmbH & Co. KG
  • Kemin Industries Inc.
  • Megamix Inc.
  • Novus International Inc. (Mitsui & Co. Ltd.)
  • Sumitomo Chemical Co. Ltd.
  • Bluestar Adisseo Company (China National Bluestar (Group) Co. Ltd.)
  • CJ CheilJedang Corporation
  • Evonik Industries AG (RAG-Stiftung)
  • Iris Biotech GmbH
  • Tokyo Chemical Industry Co. Ltd
  • Volzhsky Orgsynthese JSC (Olymp Technologies S.A.)
  • Zhejiang NHU Co. Ltd.

Key Market Segmentation:

The report has segmented the global methionine market based on type, raw material, end use industry and region.

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
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023-2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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