02.04.2018 Views

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><br />

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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