The global methionine market size was USD 3,952.0 Million in 2020 and is expected to reach a value of USD 5,940.9 Million by 2028, and register a CAGR of 5.20% during the forecast period. The global market growth are driven by factors such as growing demand for protein-rich foods, increasing awareness regarding importance of nutrition balance in the body and rapidly growing pharmaceutical industry. In addition, industry analysis indicate that prevalence of animal-disease outbreaks is resulting in increasing focus of livestock firms to include animal feed additives including methionine in animal feed in order to enhance nutritional value. Growing consumption of poultry and other meats, and growing awareness regarding purchasing healthy livestock among consumers are factors driving growth of the global methionine market.
Top Companies Operating 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.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials & chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods & beverages, personal care & cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings & construction, food & beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials & chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Methionine market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Methionine market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Methionine market key players
3.2 Global Methionine size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Methionine market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Methionine Market Segmentation
By Product Type Outlook:
- Methionine Hydroxy Analogue (MHA)
- DL-Methionine
- L-Methionine
By Application Outlook:
- Food & Dietary Supplement
- Animal Feed
- Pharmaceutical
By Material Type Outlook:
- Animal-based
- Plant-based
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