Methionine

Methionine

The Methionine Market is witnessing a steady growth rate of 6.50% within the forecast period. The major factors contributing to the growth of the market is the rising need for methionine as a component of animal nutrition, pharmaceuticals, food, and dietary supplements. Methionine is a sulfurous amino acid that is important in protein production, liver care, and metabolism. The overall market, however, has experienced substantial growth over that period because of high health concerns from people and hence the need for normal health consumption. Additionally, an increase in usage is further explained by the expansion of the fodder industry, especially with the increased global demand for meat and milk products. Additionally, a growing demand of the benefits of amino acids for human health and several expanding corresponding industries are supportive of the growth of this market. For instance, in November 2023, Evonik Industries completed the expansion of its DL-methionine production facilities in Singapore in response to increased demand for animal feed additives worldwide. This exemplifies the emergence of the sector in terms of increasing production capacity while optimizing the supply chain.

• Based on type, the methionine market is segmented into L-Methionine, MHA, and DL-Methionine. The DL-Methionine segment dominated the market in 2023 and is expected to dominate in the forecast period. This is due to the wide array of applications it has in the marketing and production of animal feeds mainly poultry and aquaculture where it is used as a functional ingredient to optimize production of livestock and feed utilization. DL-Methionine is most favored as it is cheaper, easier to manufacture and has numerous uses in animal feed. For instance, in March 2024, Evonik Industries released its second edition of MetAMINO® ATLAS, which now includes a collection of 19 additional performance trials concerning the relative bioavailability of various supplementary methionine sources in animals’ diets. The new studies also reaffirm that 65 units of MetAMINO® are capable of displacing 100 units of methionine hydroxy analog free acids and calcium salts of which (MHA-FA/Ca) in poultry, swine, and aquaculture feeds without impeding their animal performance. Additionally, methionine production and formulation improvements have further strengthened the market position of DL-Methionine. For instance, companies like Sumitomo Chemical revealed that bio-based DL-Methionine production will incorporate advanced biotechnologies to address environmental issues and increase its market attractiveness.
• Based on application, the market is segmented into Animal Feed, Food & Dietary Supplements, and Pharmaceuticals. The animal feed segment generated the most significant revenue in 2023 in the methionine market and is expected to continue in the same fashion in the forecast period due to the rising global demand for high-protein diets and efficient livestock production. Methionine is essential for the enhancement of growth rates, feed conversion ratios, and overall animal health especially for poultry and aquatic animals. Livestock farming has rapidly shifted to an industrial model that calls for appropriate and effective feed additives to enhance production and minimize the negative effects on the environment, for example, nitrous oxide emissions. For example, in 2024, Adisseo announced that it would commence the construction of another plant in China, this one with a capacity of 150 kt/year of powder methionine. This project inherently comprises optimization of processes, and minimizing carbon, water, by-products, and waste production. Also, the need to reduce nitrogen excretion in manure has further increased the incorporation of methionine in animal feed. All these elements, along with the evolving techniques in production, reinforce the perseverance of the animal feeds section.
• For a better understanding of the market of the methionine market, the market is analyzed based on its worldwide presence in countries such as North America (The US, Canada, and Rest of North America), Europe (Germany, The UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. The Asia Pacific methionine market is expected to dominate in the forecast period. The major factors contributing to the growth of the market are the rising livestock sector, rising demand for meat, and the government’s efforts to promote food security. Countries like China and India have a major impact due to the large population and the rising need for dietary proteins. In May 2024, the Ministry of Agriculture of China issued a statement on the incentives for feed additives based on amino acids, making it easier to use methionine. Due to the increasing population and income levels in the region, there has been an upsurge in the protein dominated diets which has increased the demand of feed additive methionine and others, for improving the productivity of livestock. Methionine is used considerably within the high growing poultry and livestock sectors in the region to enhance the feed conversion ratios and mitigate the adverse effects on the environment. Therefore, in 2023, China, being the highest consumer of pork, there was an increasing demand for methionine from the swine market owing to the recovery of China’s piggery from a Contagious disease outbreak, African swine fever. Moreover, the demand in the region was mainly met by major players like Evonik Industries and Adisseo who increased their regional production capacity expansion. Additionally, regional policies have been on the promotion of sustainable agriculture as an effort to conform to the global environmental policy. For instance, in its 14th five-year period, (2021-2025), there are sections in the five-year plan which address lowering carbon emissions and promoting clean dairy productions within the frame which encourages the use of methionine in livestock feeds. In the same lines, India has launched schemes for feeding animals with amino acid feed additives leading to more increases in methionine utilization.
• Some of the major players operating in the market include Evonik, Adisseo, Novus International, Inc., CJ CHEILJEDANG CORP., Kemin Industries, Inc., KYOWA HAKKO BIO CO., LTD., Pfanstiehl, Inc., Sumitomo Chemical Co., Ltd., Ajinomoto Co., Inc., and Prinova Group LLC.