Methionine Market: Competitive Landscape & Impact Analysis Of Drivers On Market Forecast by 2024
Presently, Asia-Pacific stands as the largest methionine market, primarily because of the heavy production and consumption of meats in the continent, which is also why the region will continue being the largest market for the chemical. The demand for the product is also predicted to increase the most in APAC due to a further surge in meat production.
GLOBAL METHIONINE MARKET, BY GEOGRAPHY
North America Methionine Market
- By Form
- By Type
- By Application
- By Country – U.S. and Canada
Europe Methionine Market
- By Form
- By Type
- By Application
- By Country – Germany, U.K., France, Russia, Italy, and Rest of Europe
APAC Methionine Market
- By Form
- By Type
- By Application
- By Country – China, India, Japan, South Korea, Singapore, and Rest of APAC
The FAO and OECD had reported in 2016 that pork production would rise significantly in China. Further, beef production would rise by up to 20.0% by 2025 in developing countries, including India and China. All these factors will contribute to the growing usage of methionine in APAC over the coming years.
Raw Material Price Analysis
13.1 Raw Material Price
13.1.1 North America
13.1.2 Europe
13.1.3 APAC
13.2 Domestic Price of Methionine
13.2.1 North America
13.2.2 Europe
13.2.3 APAC
13.2.4 LATAM
13.2.5 MEA
Competitive Landscape
14.1 Market Share Analysis of Key Players
14.2 Competitive Benchmarking of Key Players
14.3 Global Strategic Developments of Key Players
14.3.1 Facility Expansions
14.3.2 Other Developments
However, it is not just the increasing meat production that would raise the demand for the amino acid, but also the expanding pharmaceutical sector. Yes, methionine is being added to numerous drugs produced for human consumption. The chemical helps prevent liver damage in patients with acetaminophen poisoning and treat allergies, depression, alcoholism, asthma, schizophrenia, copper poisoning, radiation side effects, and drug withdrawal, and slowing down Parkinson’s disease. With all such issues becoming more prevalent in people, the usage of drugs is also growing as is the consumption of the amino acid.
You must be logged in to post a comment.