PUNE, India, February 2, 2018 /PRNewswire/ --
ReportsnReports.com adds Methionine Market Report is forecast to reach $4.45 billion by 2022 from $3.36 billion in 2017 at a CAGR of 5.7% during (2017-2022) driven by the increasing health issues of consumers, growth in the consumption of animal-based products, and implementation of innovative animal husbandry practices to improve meat quality owing to the increasing demand for protein-rich food globally.
Browse 86 Market Data Tables and 39 Figures spread through 131 Pages and in-depth TOC on "Methionine Market by Type (L-Methionine, MHA, Dl-Methionine), Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2022" http://www.reportsnreports.com/reports/1308642-methionine-market-by-type-l-methionine-mha-dl-methionine-application-animal-feed-food-dietary-supplements-pharmaceuticals-and-region-north-america-europe-asia-pacific-middle-east-africa-south-amer-st-to-2022.html .
Major players in the global methionine market are Evonik (Germany), Adisseo (France), Novus International (US), CJ CHEILJEDANG (South Korea), Sumitomo Chemical (Japan), AJINOMOTO (Japan), Phibro (US), Prinova Group (US), Sunrise Nutrachem (China), and Chongqing Unisplendour Chemical (China).
Asia Pacific is expected to be the fastest growing methionine market and projected to grow at the highest CAGR from 2017 to 2022, in terms of value. Growing population, the rise in disposable income of consumers, rapid urbanization, especially in China, India, and Japan, and continuous modernization, especially in the animal feed industry, are driving the demand for methionine in the region. Furthermore, rapid industrialization and urbanization have increased the per capita income and purchasing power of consumers, thereby fueling the demand for protein-rich food. In addition, consumer awareness about quality and safety of animal-based products has also increased. These factors are driving the Asia Pacific methionine market.
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The methionine market growth is driven by the consumption of animal-based products. The increase in the per capita income, improving the standard of living, and increased awareness about the benefits of food nutrients, especially protein for physical and mental development are driving the demand for animal-sourced protein in the form of either meat, eggs, or milk. Methionine is primarily used to increase the nutritional level of animal-based products such as seafood, dairy products, and meat. Thus, the increasing demand for animal-based products is fueling the growth of the methionine market. However, the negative perception of consumers about methionine is a key challenge for the manufacturers of methionine.
Food & supplements application segment of the Methionine Market is expected to grow at the highest rate during the forecast period. Methionine is rapidly being adopted in various applications, as it reduces the risk of colorectal cancer, treats Parkinson's symptoms and liver diseases, and builds bone strength. A high demand for methionine in the nutraceutical & dietary supplements and convenience food applications is being witnessed, as it provides nutritive benefits and enhanced flavors. Owing to these properties of methionine, it is used in various food & supplements applications such as nutraceuticals & dietary supplements, infant formula, food fortification, convenience food, and others.
The animal feed application segment is projected to lead the methionine market during the forecast period. This report segments the methionine market comprehensively and provides the closest approximations of revenue numbers for the overall market and the subsegments across different verticals and regions.
Order a copy of "Methionine Market by Type (L-Methionine, MHA, Dl-Methionine), Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and Region (North America, Europe, Asia-Pacific, Middle East & Africa, South America) - Global Forecast to 2022" research report at http://www.reportsnreports.com/purchase.aspx?name=1308642 .
This report covers the methionine market, in terms of volume and value and forecasts the market size till 2022. The report includes the market segmentation based on type (DL-Methionine, MHA, L-Methionine), application (animal feed, food & supplements, and pharmaceuticals), and region (Asia Pacific, Europe, North America, Middle East & Africa, and South America). The regions have been further segmented based on key countries into the US, Canada, Mexico, Germany, Russia, France, Spain, Italy, China, Japan, India, Thailand, Indonesia, Turkey, and Brazil. The report also provides company profiles and competitive strategies adopted by the key players in the methionine market.
In the process of determining and verifying the methionine market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted. The breakdown of primary interviews has been given below:
- By Company Type: Tier 1 - 58%, Tier 2 - 25%, and Others - 17%
- By Designation: C-level - 25%, Director level - 33%, and Others - 42%
- By Region: North America - 50%, Europe - 17%, Asia-Pacific - 17%, South America - 8%, and Middle East & Africa - 8%
Another research titled Food Amino Acids Market Global Forecast to 2022 says, the food amino acids market is projected to reach $6.82 billion by 2022 at a CAGR of 7.8% from 2016 to 2022. The phenylalanine segment is projected to be the fastest-growing market, by type, during the review period. Asia-Pacific to lead the market in terms of market share between 2016 and 2022. Companies such as Ajinomoto Co. Inc. (Japan), Kyowa Hakko Kirin Group (Germany), Evonik Industries AG (Germany), Sigma-Aldrich, Co. LLC (U.S.), Prinova Group LLC (U.S.), Daesang Corporation (Korea) have been profiled in this 141 pages research report available at http://www.reportsnreports.com/purchase.aspx?name=935145 .
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