Methionine Market (Updated Version Available)

Methionine is a protein-based amino acid and lipotropic compound that helps with metabolism and breaks down fat. It contains an α-amino group, an α-carboxylic acid group and an S-methyl thioether side chain. Methionine is classed as an essential amino acid and cannot be synthesized by the body itself.
Population growth and rising affluence are resulting in increased meat consumption in many parts of the world, driving up the demand for methionine. As an important amino acid, methionine is widely used in feed, pharmaceutical and food. Animal feed additive is the largest downstream products of methionine, taking 89.64% of the world methionine consumption in 2015. Soild methionine can to use in different fields while liquid methionine is only used as in animal feed additives.

Global methionine production increased from 806.56 K MT in 2011 to 1041.25 K MT in 2015 The technical barriers of methionine are high, and the Methionine market concentration degree is relatively high. Major companies in methionine market include Evonik, Bluestar, NOVUS, Sumitomo Chemical, CJ and Unisplendour. Evonik manufactured 379.55 K MT methionine in 2015 accounting for 36.45% of the global production, followed by Blustar taking about 24.08%. CJ is a new entrant of this market with a manufacturing plant is Malaysia.

Up to now, Evonik, Bluestar and NOVUS occupy relatively large market share in China. There are other new enterprises operating in this market in recent years. However, local Chinese methionine manufacturers have small market share, and mainly depend on importing.

The key downtstream driving the growth of the methionine industry is feed industry. With the improvement of household income and protein meat consumption, animal feed has been a huge increase in demand. The increased consumption of methionine is expected to continue during the forecast period of 2016-2021. Methionine industry will usher in a huge growth space.

In the past few years, the raw material was impacted by the petrochemical industry. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Methionine. As the same time, intensive import supplies and domestic large demand maintained Methionine prices at relatively high levels. Therefore, to some extent, the companies face the benefit of profit increase.


The report offers detailed coverage of Methionine industry and main market trends. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Methionine by geography. The report splits the market size, by volume and value, on the basis of application type and geography.

The report forecast global Methionine market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2025.

First, this report covers the present status and the future prospects of the global Methionine market for 2015-2025.
And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru].

Key Companies
Evonik
Adisseo (Bluestar)
NOVUS
Sumitomo Chemical
CJ Cheiljedang Corp
Chongqing Unisplendour Chemical
Sichuan Hebang
At the same time, we classify Methionine according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.

Market Segment as follows:
Market by Order Type
Solid Methionine
Liquid Methionine
Market by Application
Feed
Pharmaceutical
Food
Others

By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]

The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Methionine market for the forecast period 2021 - 2025?
• What are the driving forces in the Methionine market for the forecast period 2021 - 2025?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Methionine industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?