The Methionine 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. Based on form, 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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Based on application, the methionine market is categorized into animal feed additive, pharmaceutical, food processing, aquaculture, and others. Other application includes cosmetics and personal care. Animal feed additive is the largest application area in the market.

Based on type, 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.

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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.

GLOBAL METHIONINE MARKET SEGMENTATION

By Form

• Powder
•  Liquid

By Type

• DL-Methionine
• L-Methionine
• MHA

By Application

• Animal Feed Additives
• Pharmaceuticals
• Food Processing
• Aquaculture
• Others

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • U.K.
  • France
  • Russia
  • Italy
  • Rest of Europe
• APAC
  • China
  • India
  • Japan
  • South Korea
  • Singapore
  • Rest of APAC
• Latin America (LATAM)
  • Brazil
  • Mexico
  • Rest of LATAM
• Middle-East and Africa (MEA)
  • Saudi Arabia
  • Egypt
  • Iran
  • Rest of MEA