The is projected to reach $9,121.9 million by 2023. The market growth is mainly driven by increasing demand for animal feed in the poultry industry, rise in poultry consumption, and surge in R&D activities by key players. the methionine market is categorized into powder and liquid. Of these two, powder was the larger form type in the market, with the respective volume and value contributions exceeding 60.0% and 55.0% in 2017. The high consumption of powder form in the food and beverage and animal husbandry industries is attributing to its larger share in the market.
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the methionine market is categorized into DL-methionine, L-methionine, and methionine hydroxy analog (MHA). DL-methionine was the largest category in the market, contributing more than 55.0% revenue share in 2017. High demand for DL-methionine as nutritional and dietary supplement from the animal husbandry and food processing sectors is driving its demand globally.
Asia-Pacific (APAC) is expected to be the fastest growing methionine market, with respective volume and value CAGRs of 9.0% and 10.7% during the forecast period. The market in the region is driven by the presence of key players such as Bluestar Adisseo Company, Sumitomo Chemical Company Limited, and Ajinomoto Co. Inc. The major market players in the region are focusing on increasing their production capacity in order to cater to the growing demand for animal feed.
Methionine is widely used as an intermediate in the preparation of liver-related and vitamin medicines to treat liver cirrhosis, toxic hepatitis, and pneumonia. It is also used in improving wound healing, allergies, and copper poisoning. Furthermore, L-methionine is a powerful antioxidant and helps in slowing down the aging process. It is also used in reducing the risk of colorectal cancer, strengthening the bone structure, and aids in weight loss.
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Surge in poultry consumption is primarily linked to four significant factors, namely, population growth, chicken prices relative to the prices of competitive meats, improvement in incomes, and dietary preferences. With the increasing population, the demand for food will also increase, thereby leading to surge in poultry consumption. As per the global poultry trend data, poultry meat intake is forecasted to increase by 1.7 kg per person from 13.2 kg in 2013 to 14.9 kg in 2023.
Some of the major players operating in the global methionine market are Novus International Inc., Evonik Industries AG, Bluestar Adisseo Company, Sumitomo Chemical Company Limited, Arkema Group, METabolic EXplorer, Archer Daniels Midland Company, Ajinomoto Co. Inc, Royal DSM, and BASF SE.
the methionine market is categorized into DL-methionine, L-methionine, and methionine hydroxy analog (MHA). DL-methionine was the largest category in the market, contributing more than 55.0% revenue share in 2017. High demand for DL-methionine as nutritional and dietary supplement from the animal husbandry and food processing sectors is driving its demand globally.
Asia-Pacific (APAC) is expected to be the fastest growing methionine market, with respective volume and value CAGRs of 9.0% and 10.7% during the forecast period. The market in the region is driven by the presence of key players such as Bluestar Adisseo Company, Sumitomo Chemical Company Limited, and Ajinomoto Co. Inc. The major market players in the region are focusing on increasing their production capacity in order to cater to the growing demand for animal feed.
Methionine is widely used as an intermediate in the preparation of liver-related and vitamin medicines to treat liver cirrhosis, toxic hepatitis, and pneumonia. It is also used in improving wound healing, allergies, and copper poisoning. Furthermore, L-methionine is a powerful antioxidant and helps in slowing down the aging process. It is also used in reducing the risk of colorectal cancer, strengthening the bone structure, and aids in weight loss.
Request to get the reprot sample Pages: https://www.psmarketresearch.com/market-analysis/methionine-market/report-sample
Surge in poultry consumption is primarily linked to four significant factors, namely, population growth, chicken prices relative to the prices of competitive meats, improvement in incomes, and dietary preferences. With the increasing population, the demand for food will also increase, thereby leading to surge in poultry consumption. As per the global poultry trend data, poultry meat intake is forecasted to increase by 1.7 kg per person from 13.2 kg in 2013 to 14.9 kg in 2023.
Some of the major players operating in the global methionine market are Novus International Inc., Evonik Industries AG, Bluestar Adisseo Company, Sumitomo Chemical Company Limited, Arkema Group, METabolic EXplorer, Archer Daniels Midland Company, Ajinomoto Co. Inc, Royal DSM, and BASF SE.
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