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メチオニン市場ー業界洞察、主要プレーヤー・企業別、成長機会別、最新傾向別、開発別、主要な成長ドライバー別、主要な課題別によってセグメンテーション、予測 2022年


[ 英語タイトル ] 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


Product Code : MNMCH00109303
Survey : MarketsandMarkets
Publish On : July, 2021
Category : Chemicals and Advanced Materials
Study Area : Global
Report format : PDF
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[Report Description]

“Growth in the consumption of animal-based products is driving the demand for methionine.”
The global methionine market is projected to grow from USD 3.36 billion in 2017 to USD 4.45 billion by 2022, at a CAGR of 5.7% from 2017 to 2022. 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.”
Among applications, the food & supplements segment of the methionine market is expected to grow at the highest CAGR 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.

“Asia Pacific is expected to be the fastest growing market for methionine during the forecast period.”
Asia Pacific is expected to be the fastest growing market for methionine and this market in APAC is 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.


In the process of determining and verifying the 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%

Key companies profiled in this market research report 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).

Research Coverage
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.


The report will help market leaders/new entrants in the global methionine market in the following ways:

1. 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.

2. It will help stakeholders understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

3. It will help stakeholders understand competitors and gain more insights to improve their position in the business. The competitive landscape section includes new product launches, agreements, expansions, joint ventures, and acquisitions.
 

TABLE OF CONTENTS

1 INTRODUCTION 14
1.1 OBJECTIVES OF THE STUDY 14
1.2 MARKET DEFINITION 14
1.3 MARKET SCOPE 15
1.3.1 YEARS CONSIDERED FOR THE STUDY 16
1.4 CURRENCY 16
1.5 UNIT CONSIDERED 16
1.6 LIMITATIONS 16
1.7 STAKEHOLDERS 17
2 RESEARCH METHODOLOGY 18
2.1 RESEARCH DATA 18
2.1.1 SECONDARY DATA 19
2.1.1.1 Key data from secondary sources 19
2.1.2 PRIMARY DATA 20
2.1.2.1 Key data from primary sources 20
2.1.2.2 Key industry insights 21
2.1.2.3 Breakdown of Primaries 21
2.2 MARKET SIZE ESTIMATION 22
2.2.1.1 Bottom-up approach 22
2.2.1.2 Top-down approach 23
2.3 DATA TRIANGULATION 24
2.4 ASSUMPTIONS 25
3 EXECUTIVE SUMMARY 26
4 PREMIUM INSIGHTS 30
4.1 ATTRACTIVE OPPORTUNITIES IN METHIONINE MARKET 30
4.2 METHIONINE MARKET, BY APPLICATION 30
4.3 METHIONINE MARKET, BY TYPE 31
4.4 APAC: METHIONINE MARKET, BY APPLICATION AND COUNTRY 31
5 MARKET OVERVIEW 32
5.1 INTRODUCTION 32
5.2 MARKET DYNAMICS 32
5.2.1 DRIVERS 33
5.2.1.1 Growth in the consumption of animal-based products 33
5.2.1.2 Increasing health issues 33
5.2.1.3 Implementation of innovative animal husbandry practices to improve meat quality 34
5.2.2 RESTRAINTS 34
5.2.2.1 Stringent regulatory framework 34
5.2.3 OPPORTUNITIES 35
5.2.3.1 Growing demand for methionine in the emerging economies 35
5.2.3.2 Increasing demand for methionine in pharmaceutical applications 35
5.2.4 CHALLENGES 35
5.2.4.1 Lack of knowledge about methionine 35
5.2.4.2 Limited supply of raw material 35
5.3 PORTER’S FIVE FORCE ANALYSIS 36
5.3.1 BARGAINING POWER OF SUPPLIERS 37
5.3.2 BARGAINING POWER OF BUYERS 37
5.3.3 THREAT OF NEW ENTRANTS 37
5.3.4 THREAT OF SUBSTITUTES 38
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 38
5.4 MACROECONOMIC OVERVIEW AND KEY TRENDS 39
5.4.1 TRENDS AND FORECAST OF GDP 39
5.4.2 TRENDS IN GLOBAL ANIMAL FEED PRODUCTION 40
5.4.3 TRENDS IN GLOBAL MEAT CONSUMPTION 41
6 METHIONINE MARKET, BY TYPE 42
6.1 INTRODUCTION 43
6.2 DL-METHIONINE 44
6.3 METHIONINE HYDROXY ANALOGUE (MHA) 44
6.4 L-METHIONINE 44
7 METHIONINE MARKET, BY APPLICATION 45
7.1 INTRODUCTION 46
7.2 ANIMAL FEED 47
7.2.1 POULTRY 47
7.2.1.1 Broilers 47
7.2.1.2 Breeders 47
7.2.1.3 Layers 47
7.2.2 SWINE 48
7.2.2.1 Starter 48
7.2.2.2 Grower 48
7.2.2.3 Sow 48
7.2.3 RUMINANTS 49
7.2.3.1 Calf 49
7.2.3.2 Dairy Cattle 49
7.2.3.3 Beef Cattle 49
7.2.3.4 Others 49
7.2.4 AQUACULTURE 50
7.2.4.1 Fish 50
7.2.4.2 Mollusks 50
7.2.4.3 Crustaceans 50
7.2.5 OTHERS 51
7.3 FOOD & DIETARY SUPPLEMENTS 51
7.3.1 NUTRACEUTICAL & DIETARY SUPPLEMENTS 51
7.3.2 INFANT FORMULA 51
7.3.3 FOOD FORTIFICATION 51
7.3.4 OTHERS 52
7.4 PHARMACEUTICALS 52
8 METHIONINE MARKET, BY REGION 53
8.1 INTRODUCTION 54
8.2 NORTH AMERICA 56
8.2.1 US 57
8.2.2 CANADA 58
8.2.3 MEXICO 59
8.3 APAC 60
8.3.1 CHINA 62
8.3.2 INDIA 64
8.3.3 JAPAN 65
8.3.4 THAILAND 66
8.3.5 INDONESIA 67
8.3.6 REST OF APAC 68
8.4 EUROPE 69
8.4.1 SPAIN 70
8.4.2 RUSSIA 71
8.4.3 GERMANY 72
8.4.4 FRANCE 73
8.4.5 UK 74
8.4.6 ITALY 75
8.4.7 REST OF EUROPE 76
8.5 MIDDLE EAST & AFRICA 77
8.5.1 TURKEY 78
8.5.2 SOUTH AFRICA 79
8.5.3 IRAN 80
8.5.4 REST OF MIDDLE EAST & AFRICA 80
8.6 SOUTH AMERICA 81
8.6.1 BRAZIL 83
8.6.2 ARGENTINA 84
8.6.3 REST OF SOUTH AMERICA 85
9 COMPETITIVE LANDSCAPE 86
9.1 OVERVIEW 86
9.2 MARKET SHARE OF KEY PLAYERS 87
9.3 COMPETITIVE SCENARIO 88
9.3.1 EXPANSIONS 88
9.3.2 JOINT VENTURES 89
9.3.3 AGREEMENTS 89
9.3.4 ACQUISITIONS 90
9.3.5 NEW PRODUCT LAUNCHES 90
10 COMPANY PROFILES 91
(Overview, Financial*, Products & Services, Strategy, and Developments)
10.1 EVONIK 91
10.2 ADISSEO 94
10.3 NOVUS INTERNATIONAL 97
10.4 CJ CHEILJEDANG 99
10.5 SUMITOMO CHEMICALS 101
10.6 AJINOMOTO 104
10.7 PHIBRO 106
10.8 PRINOVA GROUP LLC 108
10.9 SUNRISE NUTRACHEM GROUP 109
10.10 CHONGQING UNISPLENDOUR CHEMICAL 110
10.11 OTHER MARKET PLAYERS 111
10.11.1 AMINO GMBH 111
10.11.2 BEIJING FORTUNESTAR S&T DEVELOPMENT 111
10.11.3 BEWITAL AGRI 111
10.11.4 H.J. BAKER & BRO 111
10.11.5 IRIS BIOTECH 111
10.11.6 JIRONG PHARMACEUTICAL 111
10.11.7 KEMIN 111
10.11.8 KG GROUP 112
10.11.9 KINGCHEM 112
10.11.10 MEGAMIX 112
10.11.11 PACIFIC RAINBOW INTERNATIONAL 112
10.11.12 SHAANXI SCIPHAR NATURAL PRODUCTS 112
10.11.13 SUANFARMA 112
10.11.14 TOKYO CHEMICAL INDUSTRY 113
10.11.15 VOLZHSKY ORGSYNTHESE JSC 113
*Details might not be captured in case of unlisted companies

11 APPENDIX 114
11.1 INSIGHTS FROM INDUSTRY EXPERTS 114
11.2 DISCUSSION GUIDE 115
11.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 117
11.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 119
11.5 RELATED REPORTS 120
11.6 AUTHOR DETAILS 121

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