Methionine Market Revenue, Industry Players, Consumer Trends, Analysis & Forecast Till 2028
The global Methionine
Market is forecast to reach USD 5,940.9 Million by 2028,
according to a new report by Reports and Data. Methionine is a naturally occurring
amino acid and the only one that contains sulfur. It serves as an antecedent
for all other sulfur-containing amino acids and the derivatives. The market is
projected to witness a stable growth during the forecast period.
A study has indicated the fact that
the amino acid, when used as a supplement in rodents, provides protection from
gamma-radiation-induced-global DNA hypomethylation and enhances methylation
levels. Such positive results associated with the use of the acid as a
supplement would, in turn, elevate its demand from the food and dietary
supplement sector. In the human body, it is associated with minimizing risk of
ovarian & rectal cancer among women and & proximal colon cancer in
men. In the liver, amino acid is adenosylated and followed by which it is
converted to s-adenosyl methionine (SAM). A diet that is deficient of the amino
acid result in minimizing cellular adhesion and increased gene expression &
apoptosis rate. Thus, it is due to the vital role it plays in human body and
that results in its increased demand and associated market growth.
In regards to region, North America
occupies a prominent market position. The market position held by North America
is resultant of the presence of a well-established pharmaceutical sector, and continuous
focus on cancer research, which is resulting in the increased demand for amino
acids in this region.
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Key Manufacturers in the Global Methionine Market:
Novus International, Evonik, Adisseo, Sumitomo Chemicals, CJ
Cheiljedang, Phibro, Ajinomoto Co., Inc., Sunrise Nutrachem Group, Prinova
Group LLC and Chongqing Unisplendour Chemical.
Further key
findings from the report suggest
- The methionine market held a market share
of USD 3,952.0 Million in 2020. It is projected to witness a growth rate
of 5.20% during the forecast period.
- In context to Product Type, the
DL-Methionine segment generated the highest revenue of USD 2.12 Billion in
2018, with a CAGR of 4.8% during the forecast period. Factors like its
extensive application in the pharmaceuticals and dietary supplements
sectors because of its traits like high antioxidant capacity, along with
its advantages like reduced nitrogen excretions and performance supported
during heat stress, contributes to the revenue generated by this segment.
- In regards to Raw Material, the
Plant-based segment generated a higher revenue of USD 2.61 Billion in
2018, with a CAGR of 4.9% during the forecast period. The revenue
generated by the Plant-based segment is resultant of the raising awareness
about environmental concerns associated with animal-based products like
sixth mass extinction and consequential elevated demand for bio-based
products.
- In the context of Application, the Animal
Feed segment occupies the largest market share of 79.0% in 2018, with the
fastest growth rate of 5.0% during the forecast period. The market share
held by the Animal Feed segment is attributed to increasing awareness
about livestock health, and occurrences of animal disease outbreaks that
have boosted the use of the amino acid in the diet of animals to enhance
the nutritional value.
- In regards to region, Europe occupies the
second-largest market share of0% in 2018, with a CAGR of 4.5% during the
forecast period. The market share held by Europe is the resultant of
increasing geriatric population and rising demand for dietary supplements
in this region.
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For the purpose of this report, Reports and
Data have segmented the methionine market according to Product Type, Raw Materials,
Application, and Region:
Product
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Methionine Hydroxy Analogue (MHA)
- DL-Methionine
- L-Methionine
Raw Material Type
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Animal-based
- Plant-based
Application Type
Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
- Food & Dietary Supplements
- Animal Feed
- Pharmaceuticals
The segmentation section covers
detailed market share analysis for each product and application along with an
accurate projection of the market growth during the forecast period. The report
also explains in detail about the consumption rate of each product and
application, along with an anticipated growth rate over the forecast period.
To know more about the report, visit @ https://www.reportsanddata.com/report-detail/methionine-market
Highlights of the TOC:
Chapter 1: Methodology & Scope
Chapter 2: Summary of the Methionine
Market
Chapter 3: Insights into Methionine
Industry
Chapter 4: Regional Analysis
Chapter 5: Company profiles
And Many More.
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