Global Methionine Market Size & Outlook, 2023-2030
The methionine industry worldwide is expected to reach a projected revenue of US$ 6,180.2 million by 2030. A compound annual growth rate of 9.1% is expected of the worldwide methionine industry from 2024 to 2030.
Revenue, 2023 (US$M)
$3,366.9
Forecast, 2030 (US$M)
$6,180.2
CAGR, 2024 - 2030
9.1%
Report Coverage
Worldwide
Global methionine market, 2018-2030 (US$M)
Global methionine market highlights
- The global methionine market generated a revenue of USD 3,366.9 million in 2023 and is expected to reach USD 6,180.2 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 9.1% by 2030.
- In terms of segment, plant based accounted for a revenue of USD 3,366.9 million in 2023.
- Plant Based is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
Global data book summary
| Market revenue in 2023 | USD 3,366.9 million |
| Market revenue in 2030 | USD 6,180.2 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Plant based |
| Fastest growing segment | Plant Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plant Based |
Other key industry trends
- In terms of revenue, the North America accounted for 14.4% of the global methionine market in 2023.
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Methionine Market Scope
Methionine market segmentation & scope
Application
Animal Feed
Food & Dietary Supplements
Pharmaceuticals
Others
Countries
U.S.
Mexico
Canada
UK
Germany
Italy
France
China
India
Japan
Brazil
UAE
Saudi Arabia
Kuwait
Qatar
Oman
Methionine Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global methionine market size, by regions, 2018-2030 (US$M)
Related regional statistics
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