Methionine Market Updates

Global Methionine Market size was valued at USD 4.5 billion in 2023 and is poised to grow from USD 4.91 billion in 2024 to USD 9.94 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).

The global methionine market is highly consolidated with the existence of several international and regional market players around the globe, with top 5 players of global market accounted for more than 80% of the market share in 2021. Major players of the market are implementing on several business strategies such as collaborations, new product launches, acquisitions, and partnerships for the expansion of their geographical presence and product portfolio. 'Evonik Industries AG (Germany) ', 'Adisseo (France) ', 'Novus International, Inc. (USA) ', 'CJ CheilJedang Corp. (South Korea) ', 'Sumitomo Chemical Co., Ltd. (Japan) ', 'Chongqing Unisplendour Chemical Co., Ltd. (China) ', 'AJINOMOTO CO., INC. (Japan) ', 'Phibro Animal Health Corporation (USA) ', 'Prinova Group LLC (USA) ', 'Sunrise Nutrachem Group (China) ', 'Volzhsky Orgsynthese JSC (Russia) ', 'Zhejiang NHU Co. Ltd. (China) ', 'Sichuan Hebang Group Industry Co., Ltd. (China) ', 'Amino GmbH (Germany) ', 'Tokyo Chemical Industry Co., Ltd. (Japan) ', 'Kemin Industries, Inc. (USA) ', 'Nutreco N.V. (Netherlands) ', 'DSM (Netherlands) ', 'BASF SE (Germany) ', 'Yantai Hengrui Chemical Co., Ltd. (China)'

Several health benefits offered by methionine including cleaning hair, preserving cells from contaminants, decelerating the aging, and minimizing cholesterol levels in the body are driving growth of the global methionine market during the forecast period. In addition, increasing research & development activities on creating more advanced and improved methionine products by various market players are also likely to be the key driving factor for the market growth over the coming years.

Increasing incidences of several type of animal diseases around the world has resulted in higher adoption and usage of methionine in animal feeds. Additionally, in the recent years, consumer awareness regarding health issues and concerns related to animal diseases has resulted in the rising need for methionine products. Asia Pacific and North America are likely to have higher growth and demand to maintain adequate metabolism rates in farming industries and livestock.

Globally, Asia Pacific dominated the methionine market with a holding of significant market share in 2021 and is set to continue its dominance throughout the forecast period. Changing food habits, rising per capita income, and high adoption of meat products as a health supplement are the major factors projected to fuel the demand for methionine in the region. China’s methionine market is growing faster than the global average owing to the rapidly growing demand for meat products from China’s middle-class people. This can be simply attributed to the wide usage of animal feed in livestock and farming industries in the country.