Methionine Market Share, Demand by Regions, Types and Analysis of Key Players- Global Forecasts to 2023


Posted February 1, 2019 by Marketresearchfuture

Methionine is one of the nine essential amino acids important for growth and tissue repair in humans and avian species
 
Market Overview

Methionine is one of the nine essential amino acids important for growth and tissue repair in humans and avian species. It is found in eggs, cheese, asparagus, Brazil nuts, meat, poultry, etc. It helps in increasing the copper level in the body and in the growth of new blood vessels.

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The global methionine market is segmented on the basis of the type as DL-methionine, methionine hydroxy analogue (MHA), L-methionine. Among these, DL-methionine is the largest segment due to its wide range of applications in food & beverage, pharmaceuticals, personal care, agriculture, and others. DL-methionine is an amino acid supplement used as a nutritional supplement and food additive. The increasing health concerns are expected to drive the market growth due to its use as a protector for liver cirrhosis, toxic hepatitis, and pneumonia. Furthermore, L-methionine is a powerful antioxidant and helps to fight free radicals in the body and slows down the aging process. The other factors driving the market are the benefits of L-methionine in reducing the risk of colorectal cancer, reduction of tremors in Parkinson’s patients, strengthening the bone structure, and aids weight loss. Moreover, the emerging use of methionine hydroxy analogue (MHA) in aquaculture is likely to propel the market growth during the assessment period.

Market Segmentation

The global methionine market is segmented on the basis of the type, end-use industry, and region.
On the basis of the type, the global methionine market is segmented into DL-methionine, methionine hydroxy analogue (MHA), and L-methionine.

On the basis of the end-user industry, the global methionine market is segmented into animal feed, food & beverage, pharmaceuticals, and others.

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Industry news

May 19, 2016- Sumitomo Chemicals have commences new production plant and have expanded methionine production line in Japan. It is the key market in Asia Pacific and active demand is observed in this economy for feed additive. Sumitomo Chemicals were operating at existing production capacity of 150,000 tones/per year. It has added additional 100,000 tons of methionine. As per the proposed plan, this production capacity will be undertaken in third quarter of 2018.

December 6, 2016 – Sumitomo Chemicals and Itochu Corporation have formed joint venture for methionine distribution. Together both of these companies have bound in an distribution agreement, wherein, feed additive methionine which is to be produce in a new production line at the Ehime Works of Sumitomo Chemicals. Scope of the this partnership includes establishment of joint venture to drive the sales of methionine manufactured (1,00,000 tonnes) in new production line. Itochu would be responsible for the distribution of methionine.

October 19, 2016 – Evonik Industries started construction of second methionine production plant in Singapore. This production plant is a major expansion and is being undertaken and a result of augmented emend for DL-methionine in continued demand for animal nutrition. Initially this plant would be capable of producing 300,000 metric ton per year of methionine.

November 27, 2015 – Sumitomo Chemicals have doubled their poultry feed additive and expanded production capacity of methionine. It has spent USD 485 million for this capacity addition. To cater increasing demand form the poultry from China and Asian country level markets.

October 1, 2015 – Evonik Industries have added 150,000 tones/year methionine product capacity. Increasing animal nutritional awareness is the key factor driving the demand for methionine demand and has led this expansion. With this expansion, Evonik Industry follows the global megatrend of health and nutrition, which is raising the DL-methionine growth.

Competitive Landscape


 Sumitomo Chemical Co, Ltd
 Evonik Industries
 Bluestar Adisseo Co Ltd
 Novus International
 Tokyo Chemical Industry Co ltd
 Sunrise nutrachem Group
 Prinova Group LLC
 Amino Gmbh
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Last Updated February 1, 2019