QYResearch Reviewed: Global Methionine Industry 2017 Market Research Report
http://www.qyresearchglobal.com/goods-675948.html The global market for Methionine is expected to reach about 1547.67 K Tonnes by 2021 from 1123.36 K Tonnes in 2016, registering a Compounded Annual Growth Rate (CAGR) of 6.62% during the analysis period, 2016-2021.
http://www.qyresearchglobal.com/goods-675948.html The global market for Methionine is expected to reach about 1547.67 K Tonnes by 2021 from 1123.36 K Tonnes in 2016, registering a Compounded Annual Growth Rate (CAGR) of 6.62% during the analysis period, 2016-2021.
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<strong>QY<strong>Research</strong></strong> <strong>Reviewed</strong>: <strong>Global</strong><br />
<strong>Methionine</strong> <strong>Industry</strong> <strong>2017</strong> <strong>Market</strong><br />
<strong>Research</strong> <strong>Report</strong><br />
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<strong>Methionine</strong> is a protein-based amino acid and<br />
lipotropic compound that helps with<br />
metabolism and breaks down fat. It contains<br />
α-amino group, α-carboxylic acid group and an<br />
S-methyl thioether side chain. <strong>Methionine</strong> is<br />
classed as an essential amino acid and cannot<br />
be synthesized by the body itself.<br />
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Population growth and rising affluence are resulting in increased meat consumption in<br />
many parts of the world, driving up the demand for methionine. As an important amino<br />
acid, methionine is widely used in feed, pharmaceutical and food. Animal feed additive is<br />
the largest downstream products of methionine, taking 89.4% of the world methionine<br />
consumption in 2016. Soild methionine can to use in different fields while liquid<br />
methionine is only used as in animal feed additives.<br />
<strong>Global</strong> methionine production increased from 806.56 K MT in 2011 to 1123.36 K MT in<br />
2016 The technical barriers of methionine are high, and the <strong>Methionine</strong> market<br />
concentration degree is relatively high. Major companies in methionine market include<br />
Evonik, Bluestar, NOVUS, Sumitomo Chemical, CJ and Unisplendour. Evonik<br />
manufactured 379.55 K MT methionine in 2015 accounting for 36.45% of the global<br />
production, followed by Blustar taking about 24.08%. CJ is a new entrant of this market<br />
with a manufacturing plant is Malaysia.<br />
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Up to now, Evonik, Bluestar and NOVUS occupy<br />
relatively large market share in China. There are<br />
other new enterprises operating in this market in<br />
recent years. However, local Chinese methionine<br />
manufacturers have small market share, and<br />
mainly depend on importing.<br />
The key downtstream driving the growth of the<br />
methionine industry is feed industry. With the<br />
improvement of household income and protein<br />
meat consumption, animal feed has been a huge<br />
increase in demand. The increased consumption of<br />
methionine is expected to continue during the<br />
forecast period of 2016-2021F. <strong>Methionine</strong><br />
industry will usher in a huge growth space.<br />
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In the past few years, the raw material<br />
was impacted by the petrochemical<br />
industry. However, the improvement of<br />
energy, transportation costs, employee<br />
wages, and equipment depreciation will<br />
play a significant role in promoting the<br />
cost of <strong>Methionine</strong>. As the same time,<br />
intensive import supplies and domestic<br />
large demand maintained <strong>Methionine</strong><br />
prices at relatively high levels. Therefore,<br />
to some extent, the companies face the<br />
benefit of profit increase.<br />
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