The increasing demand from the pharmaceutical sector, the elevated consumption of animal-based products, and the rising health concerns have resulted in boosting the methionine market.
Market Size – USD 3,952.0 Million in 2020, Market Growth – CAGR of 5.20%, Market Trends –The elevated consumption of animal-based products
The global Methionine Market is forecast to reach USD 5,940.9 Million by 2028, according to a new report by Reports and Data. Methionine is a naturally occurring amino acid and the only one that contains sulfur. It serves as an antecedent for all other sulfur-containing amino acids and the derivatives. The market is projected to witness a stable growth during the forecast period.
A study has indicated the fact that the amino acid, when used as a supplement in rodents, provides protection from gamma-radiation-induced-global DNA hypomethylation and enhances methylation levels. Such positive results associated with the use of the acid as a supplement would, in turn, elevate its demand from the food and dietary supplement sector. In the human body, it is associated with minimizing risk of ovarian & rectal cancer among women and & proximal colon cancer in men. In the liver, amino acid is adenosylated and followed by which it is converted to s-adenosyl methionine (SAM). A diet that is deficient of the amino acid result in minimizing cellular adhesion and increased gene expression & apoptosis rate. Thus, it is due to the vital role it plays in human body and that results in its increased demand and associated market growth.
Key participants include Novus International, Evonik, Adisseo, Sumitomo Chemicals, CJ Cheiljedang, Phibro, Ajinomoto Co., Inc., Sunrise Nutrachem Group, Prinova Group LLC and Chongqing Unisplendour Chemical.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/methionine-market
For the purpose of this report, Reports and Data have segmented the methionine market according to Product Type, Raw Materials, Application, and Region:
Product Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Raw Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2018-2028)
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Table of Content:
Chapter 1. Market Synopsis 1.1. Market Definition 1.2. Research Scope & Premise 1.3. Methodology 1.4. Market Estimation Technology Chapter 2. Executive Summary 2.1. Summary Snapshot, 2020 – 2028 Chapter 3. Indicative Metrics Chapter 4. Methionine Market Segmentation & Impact Analysis 4.1. Methionine Market Segmentation Analysis 4.2. Industrial Outlook 4.2.1. Market indicators analysis 4.2.2. Market drivers analysis 4.2.2.1. The rising health concerns 4.2.2.2. The elevated consumption of animal-based products 4.2.2.3. The increasing demand from the pharmaceutical sector 4.2.3. Market restraints analysis 4.2.3.1. Adverse impact of Methionine-loading test on human body 4.2.3.2. Strict regulatory frameworks 4.3. Technological Insights 4.4. Regulatory Framework 4.5. ETOP Analysis 4.6. Porter’s Five Forces Analysis 4.7. Competitive Metric Space Analysis 4.8. Price Trend Analysis
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Chapter 9. Competitive Landscape 9.1. Market Revenue Share By Manufacturers 9.2. Manufacturing Cost Breakdown Analysis 9.3. Mergers & Acquisitions 9.4. Market positioning 9.5. Strategy Benchmarking 9.6. Vendor Landscape Chapter 10. Company Profiles 10.1. Novus International 10.1.1. Company Overview 10.1.2. Financial Performance 10.1.3. Technology Insights 10.1.4. Strategic Initiatives 10.2. Evonik 10.2.1. Company Overview 10.2.2. Financial Performance 10.2.3. Technology Insights 10.2.4. Strategic Initiatives 10.3. Adisseo 10.3.1. Company Overview 10.3.2. Financial Performance 10.3.3. Technology Insights 10.3.4. Strategic Initiatives 10.4. Sumitomo Chemicals 10.4.1. Company Overview 10.4.2. Financial Performance 10.4.3. Technology Insights 10.4.4. Strategic Initiatives 10.5. CJ Cheiljedang 10.5.1. Company Overview 10.5.2. Financial Performance 10.5.3. Technology Insights 10.5.4. Strategic Initiatives
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