Global Methionine Market Insights, Forecast to 2025

Methionine Market Research Report offered by DecisionDatabases.com provides a detailed study on the industrial development of the market under the forecast period 2019-2025. The Global Methionine Industry Report gives an elaborate information about the market size, share and analyzes the complete value chain the report also covers the market dynamics enriching business strategists with quality data about the Methionine market.

This study categorizes the global Methionine breakdown data by manufacturers, region, type and application, also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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.

Global Methionine market size will increase to 7210 Million US$ by 2025, from 5830 Million US$ in 2017, at a CAGR of 2.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Methionine.

This report focuses on the top manufacturers' Methionine capacity, production, value, price and market share of Methionine in global market. The following manufacturers are covered in this report:

• Evonik
• Adisseo (Bluestar)
• NOVUS
• Sumitomo Chemical
• CJ Cheiljedang Corp
• Chongqing Unisplendour Chemical
• Sichuan Hebang

Methionine Breakdown Data by Type

• Solid Methionine
• Liquid Methionine

Methionine Breakdown Data by Application

• Feed
• Pharmaceutical
• Food
• Others

Methionine Production Breakdown Data by Region

• United States
• Europe
• China
• Japan
• Other Regions

Methionine Consumption Breakdown Data by Region

• North America
• United States
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia
• Indonesia
• Malaysia
• Philippines
• Thailand
• Vietnam
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Rest of Europe
• Central & South America
• Brazil
• Rest of South America
• Middle East & Africa
• GCC Countries
• Turkey
• Egypt
• South Africa
• Rest of Middle East & Africa

The study objectives are:

• To analyze and research the global Methionine capacity, production, value, consumption, status and forecast;
• To focus on the key Methionine manufacturers and study the capacity, production, value, market share and development plans in next few years.
• To focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.