Report ID: SQMIG35I2289
Methionine Market Size, Share, Growth Analysis, By Raw Material(Plant-Based, Animal-Based), By End-User(Animal Feed, Poultry, Food & Dietary Supplements, Pharmaceuticals), By Type(L- Methionine, MHA, DL-Methionine), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2289 |
Region:
Global |
Published Date: July, 2001
Pages:
260
|
Tables:
91 |
Figures:
76
Methionine Market Regional Insights
Globally, Asia Pacific dominated the methionine market with a holding of significant market share in 2021 and is set to continue its dominance throughout the forecast period. Changing food habits, rising per capita income, and high adoption of meat products as a health supplement are the major factors projected to fuel the demand for methionine in the region. China’s methionine market is growing faster than the global average owing to the rapidly growing demand for meat products from China’s middle-class people. This can be simply attributed to the wide usage of animal feed in livestock and farming industries in the country.
Furthermore, North America is anticipated to grow at fastest CAGR during the forecast period owing to high technological advancements, rising prevalence of obesity and cardiovascular diseases, and growing number of athletes and bodybuilders in the region. In addition, high dependence on animal-based diet and largely rely on the non-vegetarian food products has led to growing consumption of methionine in the regional market.
Methionine Market Report Snapshots
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