The global Methionine
Market is forecast to reach USD 4.70 Billion by 2026, according to a
new report by Reports and Data. Methionine is a naturally occurring amino acid
and the only one that contains sulfur. It serves as an antecedent for all other
sulfur-containing amino acids and the derivatives. The market is projected to
witness a stable growth during the forecast period.
A study has indicated the fact
that the amino acid, when used as a supplement in rodents, provides protection
from gamma-radiation-induced-global DNA hypomethylation and enhances
methylation levels. Such positive results associated with the use of the acid
as a supplement would, in turn, elevate its demand from the food and dietary
supplement sector. In the human body, it is associated with minimizing risk of
ovarian & rectal cancer among women and & proximal colon cancer in
men. In the liver, amino acid is adenosylated and followed by which it is
converted to s-adenosyl methionine (SAM). A diet that is deficient of the amino
acid result in minimizing cellular adhesion and increased gene expression &
apoptosis rate. Thus, it is due to the vital role it plays in human body and
that results in its increased demand and associated market growth.
In regards to region, North
America occupies a prominent market position. The market position held by North
America is resultant of the presence of a well-established pharmaceutical
sector, and continuous focus on cancer research, which is resulting in the
increased demand for amino acids in this region.
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Further key findings from
the report suggest
- The methionine market held a market share of USD 3.26
Billion in the year 2018. It is projected to witness a growth rate of 4.6%
during the forecast period.
- In context to Product Type, the DL-Methionine segment
generated the highest revenue of USD 2.12 Billion in 2018, with a CAGR of
4.8% during the forecast period. Factors like its extensive application in
the pharmaceuticals and dietary supplements sectors because of its traits
like high antioxidant capacity, along with its advantages like reduced
nitrogen excretions and performance supported during heat stress,
contributes to the revenue generated by this segment.
- In regards to Raw Material, the Plant-based segment
generated a higher revenue of USD 2.61 Billion in 2018, with a CAGR of
4.9% during the forecast period. The revenue generated by the Plant-based
segment is resultant of the raising awareness about environmental concerns
associated with animal-based products like sixth mass extinction and
consequential elevated demand for bio-based products.
- In the context of Application, the Animal Feed
segment occupies the largest market share of 79.0% in 2018, with the
fastest growth rate of 5.0% during the forecast period. The market share
held by the Animal Feed segment is attributed to increasing awareness
about livestock health, and occurrences of animal disease outbreaks that
have boosted the use of the amino acid in the diet of animals to enhance
the nutritional value.
- In regards to region, Europe occupies the
second-largest market share of0% in 2018, with a CAGR of 4.5% during the
forecast period. The market share held by Europe is the resultant of
increasing geriatric population and rising demand for dietary supplements
in this region.
- Key participants include 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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For the purpose of this report,
Reports and Data have segmented the methionine market according to Product
Type, Raw Materials, Application, and Region:
Product Type Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Methionine Hydroxy Analogue (MHA)
- DL-Methionine
- L-Methionine
Raw Material Type Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Animal-based
- Plant-based
Application Type Outlook
(Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Food & Dietary Supplements
- Animal Feed
- Pharmaceuticals
Regional Outlook (Volume, Kilo
Tons; Revenue, USD Billion; 2016-2026)
- North America
- U.S.
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
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