Methionine Market To Reach $6.18 Billion By 2030 | CAGR: 9.1%

Methionine Market Growth & Trends

The global methionine market size is expected to reach USD 6.18 billion by 2030, registering a CAGR of 9.1%, according to a new report by Grand View Research, Inc. Increasing feed additives demand for maintaining adequate metabolism rate in livestock is expected to drive methionine market growth over the next seven years. Increasing meat consumption in Asia Pacific and Latin America is also expected to have a positive influence on the market growth. Recent animal disease outbreaks across various regions have also prompted the need to include methionine in animal feed. 

Plants were major source of manufacturing methionine and accounted for over 88.5% of total market volume in 2023. Stringent government norms to ban fish silage and bone meal were primary factors for increasing penetration of plant based methionine in the global market. Plant based methionine is also expected to witness significant growth from 2024 to 2030.

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Methionine Market Report Highlights

• The animal based source segment is expected to register the fastest CAGR of 10.0% over the forecast period. The quality of methionine derived from animal sources is considered superior to that obtained from plant-based sources.

• Animal feed dominated the methionine market with a revenue share of 61.5% in 2023. The global demand for animal protein has increased due to population growth, urbanization, and changing dietary habits.

• Asia Pacific methionine market dominated the global methionine market with a revenue share of 48.7% in 2023.Changing lifestyle coupled with population expansion in countries such as China and India has increased meat consumption in the region which further has helped in shaping up the methionine market.

• The North America methionine market is expected to grow significantly in the global methionine market over the forecast period.

Methionine Market Segmentation

Grand View Research has segmented the global methionine market report based on source, application, and region:

Methionine Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Plant Based

• Animal Based

Methionine Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Animal Feed

• Food & Dietary Supplements

• Pharmaceuticals

• Others

Methionine Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

• Asia Pacific

  • China

  • Japan

  • India

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • Kuwait

  • Qatar

  • Oman

List of Key Players in Methionine Market

• Adisseo

• Novus International, Inc.

• Kemin Industries, Inc.

• Evonik Industries AG

• KYOWA HAKKO BIO CO., LTD.

• DSM

• Ajinomoto Co., Inc.

• CJ CHEILJEDANG CORP.

• Prinova Group LLC

• AnaSpec

• Tokyo Chemical Industry (India) Pvt. Ltd.

• IRIS BIOTECH GMBH

• Phibro Animal Health Corporation.

• AMINO GmbH