The Global Market for Methionine is Projected to Reach US$4.1 Billion by 2020

Growing Need to Enhance Feed Efficiency Drives the Global Methionine Market, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Methionine. The global market for Methionine is projected to reach US$4.1 billion by 2020, driven by rising meat consumption and the need to improve feed efficiency.

Methionine, an essential amino acid, plays a vital role in protein biosynthesis. Methionine supplementation in animal feed is witnessing significant growth driven by robust meat consumption worldwide. Growing global population, rising per capita GDP in developing countries, and preference for low carbohydrate and protein rich diets represent major factors driving growth in meat consumption worldwide. Increasing consumption of lamb, pork, and poultry is exerting pressure on meat producers to enhance production and maximize yield thus generating demand for animal feed additives, including methionine. Methionine represents an important livestock dietary supplement that helps in enhancing farm economics and yield by lowering feed conversion rates. Changes in poultry production tend to influence demand and production of methionine as poultry represents the largest end-use market for methionine.

Consumption of HMTBa as dietary supplements for companion animals and livestock has increased over the years. Key factors driving the use of HMTBa in livestock and poultry feed include optimized animal growth and higher meat yields. Demand for synthetic methionine is expected to be negatively impacted by developments in natural methionine supplements. The growing global focus on sustainable livestock development is additionally expected to spur consumption of natural methionine. Researchers are currently developing a new breed of methionine-rich corn for feeding cattle.

As stated by the new market research report on Methionine, Asia-Pacific represents the largest market worldwide. The region is also forecast to emerge as the fastest growing market with a projected CAGR of 5.4% over the analysis period. Growth in Asia is led by the heavy economic dependence on animal agriculture to feed a growing population and expansion in livestock farming activities such as establishment of large broiler farms.

Major players covered in the report include China National BlueStar (Group) Co Ltd., Adisseo France S.A.S., Evonik Industries AG, Jinzhou Jirong Amino Acid Co. Ltd., Novus International Inc., and Sumitomo Chemical Co. Ltd.

The research report titled “Methionine: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of trends, growth drivers, restraints, market share, size and demand projections and forecasts. Major geographic regions covered include the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America). The report also offers coverage on mergers, acquisitions, product launches and other strategic industry activities of major global and regional players.