DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The Global 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.
The increase in the per capita income, improving the standard of living, and increased awareness about the benefits of food nutrients, especially protein for physical and mental development are driving the demand for animal-sourced protein in the form of either meat, eggs, or milk. Methionine is primarily used to increase the nutritional level of animal-based products such as seafood, dairy products, and meat. Thus, the increasing demand for animal-based products is fueling the growth of the methionine market. However, the negative perception of consumers about methionine is a key challenge for the manufacturers of methionine.
Among applications, the food & supplements segment of the methionine market is expected to grow at the highest CAGR during the forecast period. Methionine is rapidly being adopted in various applications, as it reduces the risk of colorectal cancer, treats Parkinson's symptoms and liver diseases, and builds bone strength. A high demand for methionine in the nutraceutical & dietary supplements and convenience food applications is being witnessed, as it provides nutritive benefits and enhanced flavors. Owing to these properties of methionine, it is used in various food & supplements applications such as nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others.
Asia Pacific is expected to be the fastest growing market for methionine and this market in APAC is projected to grow at the highest CAGR from 2017 to 2022, in terms of value. Growing population, the rise in disposable income of consumers, rapid urbanization, especially in China, India, and Japan, and continuous modernization, especially in the animal feed industry, are driving the demand for methionine in the region. Furthermore, rapid industrialization and urbanization have increased the per capita income and purchasing power of consumers, thereby fueling the demand for protein-rich food. In addition, consumer awareness about quality and safety of animal-based products has also increased. These factors are driving the Asia Pacific methionine market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Methionine Market, By Type
7 Methionine Market, By Application
8 Methionine Market, By Region
9 Competitive Landscape
10 Company Profiles
- Amino GmbH
- Beijing Fortunestar S&T Development
- Bewital Agri
- Chongqing Unisplendour Chemical
- CJ CHEILJEDANG
- H.J. Baker & Bro
- Iris Biotech
- Jirong Pharmaceutical
- KG Group
- Novus International
- Pacific Rainbow International
- Prinova Group LLC
- Shaanxi Sciphar Natural Products
- Sumitomo Chemicals
- Sunrise Nutrachem Group
- Tokyo Chemical Industry
- Volzhsky Orgsynthese Jsc
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