Global methionine market is
anticipated to grow at a higher CAGR in the forecast period and is driven by
factors such as rising meat consumption across the world. Additionally, rising
demand for meat coupled with growing population is also expected to propel the
market demand during the forecast period.
Scientifically, methionine is
an amino acid essential as a building block to form proteins and is also used
extensively to augment the volume of lean meat. Therefore, methionine market
across the world gains a positive traction in the forecast period. Further,
methionine and lysine are recognized as most limiting amino acids largely owing
to their low concentrations in metabolizable protein.
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Commercially, Met-plus,
Mepron, Smartamine and Alimet are some of the prominent products available on a
global scale. Overall, the global market witnesses a double-digit CAGR growth
in the forecast period owing to market driving factors coupled with market
dynamics and trend. Methionine market is segmented into food & beverage,
pharmaceutical and animal feed. Animal feed additives dominate the methionine
market in the forecast period owing to rising dietary and sports supplement to
lead a healthy lifestyle.
Based on geography, the
methionine market spans North America, Latin America, Europe, Asia-Pacific,
Middle-East and Africa. APAC market is expected to dominate the global market
owing to livestock market and meat consumption particularly such as cattle, turkey,
broiler and swine. North America and Europe are anticipated to grow at a higher
CAGR in the forecast period owing to demand for food & dietary supplements
in the upcoming years. Growing pharmaceutical industry is expected to augment
the market growth in the forecast period.
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