Global Methionine Market is Projected to Reach 6.78 billion USD by 2022

The Methionine industry was 5829.25 million USD in 2017 and is projected to reach USD 6777.28 million USD by 2022, at a CAGR (Compounded Annual Growth Rate) of 3.06% between 2017 and 2022. The key downtstream driving the growth of the methionine industry is feed industry. With the improvement of household income and protein meat consumption, animal feed has been a huge increase in demand.

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The industry is concentration, the key brand include Evonik, Adisseo (Bluestar), NOVUS, Sumitomo Chemical, CJ Cheiljedang Corp, Chongqing Unisplendour Chemical, Sichuan Hebang and so on. Among them, Evonik and Adisseo (Bluestar) are the leaders.

Global Methionine Market is Projected to Reach 6.78 billion USD by 2022

Population growth and rising affluence are resulting in increased meat consumption in many parts of the world, driving up the demand for methionine. As an important amino acid, methionine is widely used in feed, pharmaceutical and food. Animal feed additive is the largest downstream products of methionine, taking 89% of the world methionine consumption in 2016. Soild methionine can to use in different fields while liquid methionine is only used as in animal feed additives.

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The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Methionine Market Research Report 2017 report released by QYResearch provides a basic overview of the Methionine industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Methionine industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

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