Latin America Methionine Market Size & Outlook, 2023-2030
The methionine market in Latin America is expected to reach a projected revenue of US$ 653.4 million by 2030. A compound annual growth rate of 6.5% is expected of Latin America methionine market from 2024 to 2030.
Revenue, 2023 (US$M)
$420.0
Forecast, 2030 (US$M)
$653.4
CAGR, 2024 - 2030
6.5%
Report Coverage
Latin America
Latin America methionine market, 2018-2030 (US$M)
Latin America methionine market highlights
- The Latin America methionine market generated a revenue of USD 420.0 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, plant based was the largest revenue generating source in 2023.
- Plant Based is the most lucrative source segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2023 | USD 420.0 million |
| Market revenue in 2030 | USD 653.4 million |
| Growth rate | 6.5% (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, Latin America region accounted for 12.5% of the global methionine market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,180.0 million by 2030.
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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 |
|---|
Latin America methionine market
Related regional statistics
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