Reports and Data’s latest industry analysis report is a reliable source of information on the global Methionine market industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type application ranges, and key industry statistics.
According to the report, the global Methionine market is projected to reach a whopping market. The Methionine market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes preferences, fluctuations in supply demand, changing production consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Methionine market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
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The materials chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings construction, food beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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Top Companies Profiled in the Report:
Novus International, Evonik, Adisseo, Sumitomo Chemicals, CJ Cheiljedang, Phibro, Ajinomoto Co., Inc., Sunrise Nutrachem Group, Prinova Group LLC and Chongqing Unisplendour Chemical. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
Product Type Outlook:
Among the product type segments, the DL-Methionine segment accounted for the largest revenue share in the global methionine market in 2020. The revenue share held by the DL-Methionine segment is attributed to its extensive application in the pharmaceuticals and dietary supplements sectors because of its traits such as high antioxidant capacity. Its advantages include reduced nitrogen excretions and performance supported during heat stress has also resulted in higher demand for the product among various end-use industries.
The Methionine Hydroxy Analogue (MHA) segment is expected to register the highest revenue growth rate during the forecast period, and is expected to account for moderate revenue share in the global methionine market. This revenue growth of the methionine hydroxy analogue segment is due to various benefits that it provides to animals, which is not offered by L-methionine and Dmethionine. Researches have suggested that MHA provides acidifying effects of organic acids that provide enhanced gut health to animals. This is resulting in higher demand for application of MHA in manufacturing animal feed, which is expected to drive revenue growth of this segment.
Raw Material Type Outlook:
Among the raw material type segments, the plant-based segment accounted for the largest revenue share in the global methionine market in 2020. The revenue share held by the plant-based segment is attributed to rising awareness about environmental concerns associated with animal-based products such as sixth mass extinction which is resulting in increasing demand for bio-based products. In addition, the fact that plant-based sources provide with higher proportion of the amino acid in blood concentrations as compared to animal-based sources is resulting in higher acceptance of the plant-based products among end users, which is expected to drive growth of this segment.
The animal-based segment accounted for the comparatively moderate revenue share in the global methionine market in 2020, and is expected to register steady revenue growth rate during the forecast period. The reason for lower growth rate of this segment as compared to plant-based segment is formulation of strict policies prohibiting usage of fish and bone meal that could hamper adoption of these sources by the manufacturers of the amino acids or methionine-based products.
Application Type Outlook:
Among the application segments, the food and dietary supplements segment accounted for the second-largest revenue share in the global methionine market in 2020, and is expected to register moderately low revenue growth rate during the forecast period. Rising awareness about need for consuming and maintaining balanced diet and spreading knowledge about adverse impact of methionine deficiency on the cysteine synthesis, as well as Glutathione [GSH], which is one of the essential endogenous antioxidant, are factors expected to support revenue growth of this segment.
The Asia Pacific market accounted for the largest revenue share in the global methionine market in 2020, and is expected to register the highest revenue growth rate during the forecast period. This is due to higher demand for protein-rich food, increasing consumption of meat and meat products, and rapidly growing pharmaceuticals industry.
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