Market Overview:
Methionine
is one of the essential amino acids required for growth and tissue repair in
humans, animals, and avian species. It is important for angiogenesis, i.e., the
growth of new blood vessels and maintains the metallic element level in the
body. High levels of methionine can be found in eggs, cheese, spinach,
asparagus, sesame seeds, Brazil nuts, fish, meat, and poultry.
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The
global methionine market is majorly driven by its usage in major end-user
industries such as animal feed, food & beverage, pharmaceutical, and
others. The animal feed is the largest segment in terms of value and is
expected to lead the global methionine market over the next 7 years. The
increasing concerns about food safety and animal health and nutrition is
driving the market growth. The use of methionine in the food & beverage
industry has augmented the market growth due to its ability to combine with
other chemicals in the body to remove toxins. It converts into S-Adenosyl
Methionine, which is a chemical used to treat depression and reduce
osteoarthritis pain.
Industry news
May 19, 2016- Sumitomo
Chemicals have commences new production plant and have expanded methionine
production line in Japan. It is the key market in Asia Pacific and active
demand is observed in this economy for feed additive. Sumitomo Chemicals were
operating at existing production capacity of 150,000 tones/per year. It has
added additional 100,000 tons of methionine. As per the proposed plan, this
production capacity will be undertaken in third quarter of 2018.
December 6,
2016 – Sumitomo Chemicals and Itochu Corporation have
formed joint venture for methionine distribution. Together both of these
companies have bound in an distribution agreement, wherein, feed additive
methionine which is to be produce in a new production line at the Ehime Works
of Sumitomo Chemicals. Scope of the this partnership includes establishment of
joint venture to drive the sales of methionine manufactured (1,00,000 tonnes)
in new production line. Itochu would be responsible for the distribution of methionine.
October 19,
2016 – Evonik Industries started construction of second methionine production plant in
Singapore. This production plant is a major expansion and is being undertaken
and a result of augmented emend for DL-methionine in continued demand for
animal nutrition. Initially this plant would be capable of producing 300,000
metric ton per year of methionine.
November 27,
2015 – Sumitomo Chemicals have doubled their poultry feed
additive and expanded production capacity of methionine. It has spent USD 485
million for this capacity addition. To cater increasing demand form the poultry
from China and Asian country level markets.
October 1,
2015 – Evonik Industries have added 150,000 tones/year
methionine product capacity. Increasing animal nutritional awareness is the key
factor driving the demand for methionine demand and has led this expansion.
With this expansion, Evonik Industry follows the global megatrend of
health and nutrition, which is raising
the DL-methionine growth.
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Competitive Landscape
Ø Sumitomo Chemical Co, Ltd
Ø Evonik Industries
Ø Bluestar Adisseo Co Ltd
Ø Novus International
Ø Tokyo Chemical Industry Co ltd
Ø Sunrise nutrachem Group
Ø Prinova
Group LLC
Ø Amino Gmbh
Market Segmentation
The
Global Methionine Market is
segmented on the basis of the type, end-use industry, and region.
On
the basis of the type, the global methionine market is segmented into
DL-methionine, methionine hydroxy analogue (MHA), and L-methionine.
On
the basis of the end-user industry, the global methionine market is segmented
into animal feed, food & beverage, pharmaceuticals, and others.
Intended
Audience
- Methionine Manufacturers
- Traders and distributors of
methionine
- Research and development
institutes
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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