The global market for methionine is expected to grow
with growing meat consumption around the world. One of the major factors which
are driving the global market for methionine is increasing meat consumption,
primarily by the increasing population of developing countries such as China,
India, and Brazil etc. Developed economies such as the U.S. and Western Europe
are considered to be mature markets and are expected to grow at a lower rate
compared to developing countries. Methionine is an amino acid that acts
as a building block to form proteins. It is also used for increasing the
quantity of lean meat. Methionine has gradually replaced the market for fish
powder as it is more efficient than fish powder.
China is one of the biggest manufacturers of animal
feed in the world and the country is also one of the biggest consumers of
methionine which is used as a supplement for piglets and ruminants. The
growth of the middle class population in many countries across the world is
also expanding the global market for methionine. However, the volatility in raw
material prices and the rising energy prices, which have a direct impact on the
overall production cost, are acting as the major factors hindering the market
growth.
The concept of bio-based methionine has been there in
the global market for many years now and companies are developing bio-based
methionine for several years. In January, 2012 France based METabolic EXplorer
(METEX) and Roquette joined hands to initialize industrial study on bio-based methionine.
CJ CheilJedang and Arkema are also planning to build bio-based methionine
manufacturing plants in Southeast Asia. The plant is expected to materialize by
the end of 2013 with a capacity to produce 80 kilotons of bio-based methionine
per year.
Some of the companies operating in the global market
for methionine include China National BlueStar, Jinzhou Amino Acid Co., Evonik
Industries, Novus International, Sumitomo Chemical, and Nippon Soda, among
others.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth drivers
Factors limiting market growth
Current market trends
Market structure
Market projections for upcoming years
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the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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