United States Methionine Market Size, Share, and COVID-19 Impact Analysis, By Type (DL-Methionine, Methionine Hydroxy Analogue (MHA), L-Methionine), By Application (Animal Feed, Food & Dietary Supplements, Pharmaceuticals), and United States Methionine Market Insights Forecasts 2023 – 2033

Industry: Chemicals & Materials

RELEASE DATE Jan 2024
REPORT ID SI3413
PAGES 200
REPORT FORMAT PathSoft

United States Methionine Market Insights Forecasts to 2033

  • The United States Methionine Market Size was valued at USD 318.22 Million in 2023        
  • The Market Size is Growing at a CAGR of 3.58% from 2023 to 2033.
  • The United States Methionine Market Size is Expected to Reach USD 452.24 Million by 2033.

 

United States Methionine Market

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The United States Methionine Market Size is Expected to Reach USD 452.24 Million by 2033, at a CAGR of 3.58% during the forecast period 2023 to 2033.

 

Market Overview

Methionine is a sulfur-containing amino acid compound that is one of the few essential amino acids found in the human body. This amino acid promotes body growth and provides numerous health benefits. Sulphur in methionine aids in the protection of cells from pollutants as well as the development and growth of the human body. As a constituent of S-adenosyl-methionine (SAM), methionine is a sulfur-containing amino acid that is required for translation insulation as a component of proteins and as an initiator of protein synthesis and is thus critical for a variety of methyl-transferase reactions. It aids in the formation of the proteins that comprise your body's tissues and organs. Fish, meat, and dairy products contain methionine. It is essential for the body's many functions. It is an essential amino acid for normal growth and development in humans, birds, and other mammals and is used as a precursor in the production of other proteins. L-methionine, MHA, and DL-methionine are the three types of methionine. DL-methionine is typically synthesized chemically from acrolein, methyl mercaptan, and hydrogen cyanide. Furthermore, there are different grades of methionine, such as feed grade, pharmaceutical grade, and so on. Methionine is increasingly being used in pharmaceutical applications.

 

Report Coverage

This research report categorizes the market for the United States methionine market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States methionine market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States methionine market.

 

United States Methionine Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 318.22 Million
Forecast Period:2023 - 2033
Forecast Period 2023 - 2033 CAGR:3.58%
2033 Value Projection:USD 452.24 Million
Historical Data for:2019 - 2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Type, By Application and COVID-19 Impact Analysis.
Companies Covered: Bluestar Adisseo Co, Evonik Corp, Novus International Inc, Sumitomo Chemical Co Ltd, Prinova Group LLC, and Others
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The poultry sector's consistent demand is one of the primary drivers of the methionine market. Methionine is an important supplement in poultry feed because of its ability to increase egg production and meat quality. As the demand for poultry products in the United States grows, so does the demand for methionine in poultry farming. The Methionine market in the United States is experiencing a remarkable surge, primarily due to rising demand from the ever-expanding food and beverage industry. Methionine is an essential supplement in animal feed that improves the overall well-being and productivity of livestock. As meat consumption rises, so does the demand for methionine to support and optimize animal growth, propelling market expansion in the United States. Amino acids are involved in a variety of metabolic processes, including the synthesis of glutathione, a powerful antioxidant that protects cells from damage. As consumers become more health-conscious, the demand for nutrient-rich food products rises, bolstering the methionine market even further.

 

Restraining Factors

Methionine's complex manufacturing process, which necessitates specialized expertise and resources, could hinder market growth. Furthermore, the costs associated with methionine production can be a barrier to market expansion.

 

Market Segment

  • In 2023, the DL-methionine segment accounted for the largest revenue share over the forecast period.

Based on type, the United States methionine market is segmented into DL-methionine, methionine hydroxy analogue (MHA), L-methionine. Among these, the DL-methionine segment has the largest revenue share over the forecast period. The methionine market is dominated by DL-Methionine, a racemic mixture of D- and L-methionine. Its widespread availability and lower cost when compared to L-methionine make it a popular choice for a variety of applications. The widespread use of DL-Methionine in animal feed is one of the primary reasons for its dominance. It is an essential ingredient in poultry and swine diets, promoting animal growth and increasing feed efficiency and rising demand for meat and dairy products, especially in developing countries, has increased the demand for DL-Methionine. As the world's population continues to grow, so will the demand for high-quality animal protein. Furthermore, the versatility of DL-Methionine extends beyond the animal feed industry. It is used in a variety of industries, including pharmaceuticals, cosmetics, and food processing.

 

  • The food & dietary supplements segment is witnessing significant CAGR growth over the forecast period.

Based on application, the United States methionine market is segmented into the animal feed, food & dietary supplements, pharmaceuticals. Among these, the food & dietary supplements segment is witnessing the significant CAGR growth over the forecast period. Methionine, an essential amino acid, is extremely important for human health. It not only aids in various metabolic processes, but it also aids in cell growth, repair, and the synthesis of important proteins within the body. These benefits have increased the use of methionine in dietary supplements, contributing to the significant growth of the methionine market. Furthermore, recent consumer trends have shown a significant shift toward health and wellness, with an increase in demand for dietary supplements containing essential nutrients like methionine. This increase in demand can be attributed to the rising prevalence of lifestyle diseases and an aging population, which has highlighted the importance of incorporating essential nutrients into daily routines.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States Methionine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Bluestar Adisseo Co
  • Evonik Corp
  • Novus International Inc
  • Sumitomo Chemical Co Ltd
  • Prinova Group LLC
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

 Recent Development

  • In September 2023, Evonik Industries, a global leader in specialty chemicals, has announced an exciting development in Mobile, Alabama. They are expanding their methionine production capacity, which is an important component in animal nutrition. This expansion project, which is expected to be completed by 2025, will provide Evonik with a 20% increase in methionine production capacity. The investment demonstrates Evonik's commitment to meeting the market's growing demand for high-quality methionine products.

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the United States Methionine Market based on the below-mentioned segments:

 

United States Methionine Market, By Type

  • DL-Methionine
  • Methionine Hydroxy Analogue (MHA)
  • L-Methionine

 

United States Methionine Market, By Application

  • Animal Feed
  • Food & Dietary Supplements
  • Pharmaceuticals

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