DUBLIN--(BUSINESS WIRE)--The "Methionine Market by Form, by Application, by Type, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013 - 2023" report has been added to ResearchAndMarkets.com's offering.
The methionine market is projected to reach $9,121.9 million by 2023.
Based on form, the methionine market is categorized into powder and liquid. Of these two, powder was the larger form type in the market, with the respective volume and value contributions exceeding 60.0% and 55.0% in 2017. The high consumption of powder form in the food and beverage and animal husbandry industries is attributing to its larger share in the market.
Based on application, the methionine market is categorized into animal feed additive, pharmaceutical, food processing, aquaculture, and others. Other application includes cosmetics and personal care. Animal feed additive is the largest application area in the market.
Asia-Pacific (APAC) is expected to be the fastest growing methionine market, with respective volume and value CAGRs of 9.0% and 10.7% during the forecast period. The market in the region is driven by the presence of key players such as Bluestar Adisseo Company, Sumitomo Chemical Company Limited, and Ajinomoto Co. Inc.
Methionine is widely used as an intermediate in the preparation of liver-related and vitamin medicines to treat liver cirrhosis, toxic hepatitis, and pneumonia. It is also used in improving wound healing, allergies, and copper poisoning. Furthermore, L-methionine is a powerful antioxidant and helps in slowing down the aging process.
- Novus International Inc.
- Evonik Industries AG
- Bluestar Adisseo Company
- Sumitomo Chemical Company Limited
- Arkema Group
- METabolic EXplorer
- Archer Daniels Midland Company
- Ajinomoto Co. Inc
- Royal DSM
- BASF SE
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Research Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
Chapter 5. Regulation Analysis
Chapter 6. Global Market Size And Forecast
Chapter 7. North America Market Size And Forecast
Chapter 8. Europe Market Size And Forecast
Chapter 9. Apac Market Size And Forecast
Chapter 10. Latam Market Size And Forecast
Chapter 11. Mea Market Size And Forecast
Chapter 12. Production And Demand Analysis
Chapter 13. Raw Material Price Analysis
Chapter 14. Competitive Landscape
Chapter 15. Company Profiles
Chapter 16. Appendix
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