Methionine is an essential amino acid that helps to eliminate the fats of the body. Methionine produces two other amino acids namely taurine and cysteine, these amino acids eliminate toxins, develop healthy tissues, and promote cardiovascular health.
The increasing meat consumption and changing eating habits of the people are expected to drive the methionine market growth over the forecast period. However, unavailability and fluctuating prices of raw materials used for methionine are expected to hamper the market growth over the forecast period.
Application segment includes animal feed, food & dietary supplements, and pharmaceuticals. Pharmaceuticals is expected to be major application segment in the global methionine market. It is widely used as an intermediate in liver-related and vitamin medicines. It is used in treating liver disorder, improving wound healing, allergies, alcoholism, asthma, radiation side effects, Parkinson’s disease, and copper poisoning.
Based on the region the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be the fastest growing region in terms of revenue. Increasing demand for meat and dietary supplements in US and Canada is expected to fuel the market growth in the region.
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Changing lifestyle and increasing disposable income of the people in the region is expected to drive the methionine market. Increasing cardiovascular and obesity prevalence among the people in the region is expected to boost the growth of market in the region. Rising supplements consumption owing to health benefits is expected to boost the market growth.
Key players operating in the global methionine market include Bluestar Adisseo, Novus International, Inc., Sumitomo Chemical Company, Evonik Industries AG, Nippon Soda Co., Ltd., Ningxia Unisplendour Tianhua Methionine Co., Ltd, Ajinomoto Inc., Beijing FortuneStar S&T Development Co., Tokyo Chemical Industry Co. Ltd., and Iris Biotech GmbH.