Methionine Market - Growth, Trends, and Forecast (2019 – 2024)

The Market is Segmented by Type (Liquid and Powder), End-user Industry (Food and Beverage, Pharmaceutical, Animal Feed, and Other End-user Industries), and Geography.

Market Snapshot

Methionine Market - Market summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The methionine market is expected to register a CAGR of 6.19% during the forecast period, majorly due to its increasing adoption in aquaculture, to provide the most effective methionine source to the agriculture feed industry.

  • Emerging demand from the aquaculture industry and increasing awareness for nutritious diet are augmenting the growth of the market.
  • Complex process of manufacturing methionine and falling prices due to oversupply are likely to hinder the market growth.
  • Eco-friendly means of extracting methionine is projected to act as an opportunity for the market, in the future.

Scope of the Report

The methionine market report includes:

Type
Liquid
Powder
End-user
Food and Beverage
Pharmaceutical
Animal Feed
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from Animal Feed

  • Animal feed dominated the methionine market, with a share of more than 90%, in 2018. 
  • The methionine content in natural ingredients is low. In order to meet the animal feed requirements, additional methionine has to be added as a nutritional feed additive. The deficiency of methionine in animals can lead to decreased bone strength, fatty liver, and slow growth.
  • According to the Alltech Global Feed Survey, there has been a continuous rise in the global feed production, which grew from 954.4 million metric ton in 2012, to 1,103 million metric ton in 2018. The United States is the second-largest producer of animal feed, following China, which is the largest producer in the world.
  • The rising incidences of animal diseases have led to the increased use of methionine in animal feed in various regional markets. Asia-Pacific and North America have higher demands for maintaining adequate metabolism rates in livestock. Consumer awareness has also grown in this segment, which has further increased the demand for animal feed.
  • Major methionine producers, such as Sumitomo Chemical, Evonik Industries, and Adisseo, are increasing their methionine production capacity to keep up with the growing feed industry, globally.
  • The substantial growth has been supported by higher consumption of meat, milk, and eggs, which is reflected in the increased feed production in the pig and broiler industries.
  • Owing to the increasing awareness regarding the benefits of healthy animal diet, the demand for methionine is expected to increase during the forecast period.
segmentation (ne

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China to Dominate the Asia-Pacific Market

  • China’s methionine demand is rising faster than the global average, due to the rising demand for meat products from China’s wealthy middle class. The enormous growth can be explained by the surging demand for animal feed used in the livestock and farming industries. Since the population almost doubled to 1.4 billion people, the country’s demand for meat and animal feed has exploded.
  • Recently, the development of China's aquaculture industry accelerated hugely. The capacity of pork eggs and livestock also ranked in the first place, worldwide. This scenario is creating an exciting opportunity for the methionine market in the country.
  • DL-methionine is a kind of safe feed additive, and belongs to the key area supported by China’s Key High-tech Industry and Industrial Structure Adjustment Guidelines. Furthermore, the 12th five-year development plan in the feed industry clearly pointed out that China should develop feed products with excellent quality, safety, high-efficiency, and new feed additives, as well as contribute to enhance the capacity of DL-methionine, strengthen the international competitiveness of amino acid in feed grade, and reduce the production cost.
  • Many companies, such as Bluestar, Adisseo, and Evonik, are aiming to expand their production facilities in the country. Such factors are driving the market for methionine in China.
regional (new fo

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Competitive Landscape

The methionine market is expected to be partially consolidated, with the top five-six players occupying a significant share of the market. Key players in the methionine market include Adisseo, Evonik Industries, Novus International, CJ CheilJedang Corp., and Sumitomo Chemical Co. Ltd, among others.

Major Players

  1. Adisseo
  2. Evonik Industries AG
  3. Novus International
  4. Sumitomo Chemical Co. Ltd

* Complete list of players covered available in the table of contents below

market concentra

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Emerging Demand from the Aquaculture Industry

      2. 4.1.2 Increasing Awareness for Nutritious Diet

    2. 4.2 Restraints

      1. 4.2.1 Complex Process of Manufacturing Methionine

      2. 4.2.2 Falling Prices due to Oversupply

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Liquid

      2. 5.1.2 Powder

    2. 5.2 End-user

      1. 5.2.1 Food and Beverage

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Animal Feed

      4. 5.2.4 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Adisseo

      2. 6.4.2 Ajinomoto Co. Inc.

      3. 6.4.3 Anaspec Inc. (Eurogentec SA)

      4. 6.4.4 Beijing Fortunestar S&T Development Co. Limited

      5. 6.4.5 Chongqing Unisplendour Chemical Co. Ltd

      6. 6.4.6 CJ Cheiljedang Corp.

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 IRIS Biotech GmbH

      9. 6.4.9 Novus International

      10. 6.4.10 Prinova Europe Ltd

      11. 6.4.11 Shijiazhuang Jirong Pharmaceutical Co. Ltd

      12. 6.4.12 Sumitomo Chemical Co. Ltd

      13. 6.4.13 Tokyo Chemical Industry Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Eco-friendly Means of Extracting Methionine

**Subject to Availability

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