The global methionine market size reached US$ 5.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7% during 2023-2028.
Methionine, a crucial amino acid containing sulfur, occurs naturally in its levorotatory form and serves as a fundamental building block of many proteins. Its main role involves triggering protein synthesis by breaking down older proteins within cells. This essential amino acid is abundantly present in protein-rich sources such as meat, eggs, and fish. Furthermore, methionine has therapeutic applications in the treatment of acetaminophen poisoning and acts as a urinary acidifier. Additionally, it plays a significant part in the production of cysteine, another important sulfur-containing amino acid necessary for protein formation in the body.
Methionine Market: Key Drivers and Trend:
The methionine market is undergoing substantial growth propelled by the rising demand for sports supplements and pharmaceutical products. This demand stems from the growing recognition of the advantages of protein-rich diets in preventing chronic ailments. Additionally, the market outlook is positively impacted by the adoption of environmentally friendly techniques for methionine extraction. The inclusion of methionine in skincare and cosmetic items is another factor driving market expansion. Furthermore, the utilization of methionine in the food and beverage (F&B) sector to offset the loss of vitamins and minerals during food processing is fueling further market growth.
Methionine Market 2023-2028: Segmentation
Breakup by Type:
- Liquid
- Powder
Breakup by Raw Material:
- Plant Based
- Animal Based
Breakup by End Use Industry:
- Food and Beverage
- Pharmaceutical
- Animal Feed
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Report Purchase Reason:
- Historical market data from 2017-2022
- CAGR of the market during the forecast period 2023-2028
- Detailed information on factors that will drive Methionine Market growth during the next five years
- Precise estimation of the Methionine Market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- The growth of the Methionine Market across North America, APAC, Europe, Latin America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of Methionine Market key players
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