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The global methionine market size was valued at USD 5.67 billion in 2021 and is anticipated to witness a compound annual growth rate (CAGR) of 9.3% from 2022 to 2030. Increasing awareness regarding health issues and rising demand for protein rich foods are expected to drive the methionine market growth. Moreover, the increased use of methionine in pharmaceuticals is also likely to foster the market growth. Furthermore, increasing consumption of sports supplements is further anticipated to support the methionine market.

Global Methionine Market: Regional Insights

Regionally, Asia-Pacific region is expected to hold leading position in the global methionine market over the forecast period. The growing disposable income, a growing population, and changing food habits in this region are some of the factors that are contributing to the growth of the methionine market. In fact, this region accounts for a substantial market share of the global methionine market.

North America is also expected to witness fastest growth in the global market over the forecast period owing to the higher consumption rates of poultry/broiler meat, and the use of these amino acids in animal feed. This has boosted the demand for methionine in the region. Moreover, the U.S. is one of the largest consumers of methionine in this region.

Figure 1. Global Methionine Market Value Share (%), By Region, 2021

Methionine  | Coherent Market Insights

Global Methionine Market Drivers:

Growing demand from aquaculture sector is primarily fueling growth of the methionine market. The Food and Agriculture Organization (FAO) 2020 report revealed that Asia has the largest share in the global fish production at 89%, since the last 20 years. In 2018, the global capture fish production reached the highest-ever level and recorded 96.4 million tons; this was driven by marine capture and inland fishing.

Rising awareness regarding nutritious diet is again projected to augment market growth. This has led to the consumption of meat worldwide. According to the United States Department of Agriculture, in 2021, 68.1 pounds of chicken per person were available for human consumption in the United States (on a boneless, edible basis), compared to 56.2 pounds of beef. Since 1980, U.S. chicken availability per person has more than doubled. In 2021, 47.5 pounds of pork per person were available for consumption.

Global Methionine Market Opportunities:

Growing focus on eco-friendly extraction process of methionine is projected to hold significant growth opportunities. For instance, the European Union implemented rule and restricted the usage of non-organic proteins to 5%. The United States also banned the usage of synthetic DL-Met in organic livestock production. Besides ban, the synthetic methionine is significantly expensive in comparison to methionine made from natural sources. The biotechnical means of methionine production is through the use of various bacteria and yeasts which are able to produce amino acids under adequate conditions.

The use of methionine is also increasing in the personal care &cosmetics industries which is again projected to bring lucrative market growth opportunities. Moreover, the increasing geriatric population is another factor contributing to the growth of this market over the forecast period.

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Methionine Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 5.67 Bn
Historical Data for: 2017 to 2020 Forecast Period: 2022 to 2030
Forecast Period 2022 to 2030 CAGR: 9.3% 2030 Value Projection: US$ 7.29 Bn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, and Rest of Middle East
  • Africa: South Africa, North Africa, and Central Africa
Segments covered:
  • By Type: Liquid, Powder
  • By End-user Industry: Animal Feed, Pharmaceutical, Food and Beverage, Other End-user Industries (Organic Chemicals, Personal Care, etc.)
Companies covered:

Adisseo, Ajinomoto Co. Inc., Anaspec Inc. (Eurogentec SA), Beijing Fortunestar S&T Development Co. Limited, Chongqing Unisplendour Chemical Co Ltd, CJ Cheiljedang Corp., Evonik Industries AG, IRIS Biotech GmbH, Novus International, Prinova Group LLC, Shijiazhuang Jirong Pharmaceutical Co. Ltd, Sumitomo, Chemical Co. Ltd, and Tokyo Chemical Industry Co. Ltd

Growth Drivers:
  • Growing demand from aquaculture sector 
  • Rising awareness regarding nutritious diet
Restraints & Challenges:
  • Complex manufacturing process of methionine 
  • Falling prices due to oversupply

Global Methionine Market Trends:

The rising popularity of bio-based products is emerging as a major trend for methionine market. Increasing income and household income has led to the high demand for animal feed. Besides, the increasing awareness about a healthy lifestyle has boosted the demand for protein-rich foods. This in turn augmenting market growth.

Growing demand for liquid methionine is expected to positively impact the market growth. For instance, in January 2018, Adisseo announced plans to construct a new liquid methionine plant at Nanjing, China.  This would be the company’s third liquid methionine plant, with the other two plants in Burgos, Spain, and in Nanjing, China. This new plant is expected to have an annual production capacity of 180 kiloton.

Global Methionine Market Restraints:

Complex manufacturing process of methionine is expected to hinder the market growth.  This factor restrict manufacturer to enter into the market.  Moreover, this process also require high technological skills with large capital investment.

Falling prices due to oversupply is again projected to restrict the market growth. For instance, due to lakc of supply the price of methionine peaked in mid-2015, leading to rise in the global prices of methionine, and the market experienced a shortage in supply across the globe.

Figure 2. Global Methionine Market Value Share (%), By End user Industry, 2021

Methionine  | Coherent Market Insights

Global Methionine Market Segmentation:

The global methionine market report is segmented into Type, End-user Industry, and Geography

Based on Type, the market is segmented into Liquid and Powder. Out of which, Liquid is expected to dominate the global market over the forecast period and this is attributed to the high consumption of liquid methionine worldwide. According to the company sources, consumption of liquid methionine is expected to be higher than powder methionine in the market, majorly driven by the growing industrialization in China and India’s feed sector. Moreover, the current demand for liquid methionine is around 40% in Asia-Pacific and European region, while in countries, such as the United States and Mexico, the utilization of liquid methionine is more than 60%, at present.           

Powder segment is also expected to witness significant growth in the near future and this is owing to the growing demand from pharma sector for various therapeutic application.

Based on End-user Industry, the market is segmented into Animal Feed, Pharmaceutical, Food and Beverage, and Other End-user Industries. Out of which, Food and Beverage is expected to dominate the global market over the forecast period and this is attributed to the increasing use of methionine and other amino acid to replace vitamins and minerals lost during processing of food.

Pharmaceutical segment is also expected to witness significant growth in the near future and this is owing to the use of methionine as an intermediate in the production of vitamin and liver preparations.

Global Methionine Market: Key Developments

In January 2018, Adisseo announced plans to construct a new liquid methionine plant at Nanjing, China.  This would be the company’s third liquid methionine plant, with the other two plants in Burgos, Spain, and in Nanjing, China. This new plant is expected to have an annual production capacity of 180 kiloton.

In November 2017, Ajinomoto Co. Inc. (“Ajinomoto Co.”) acquired an equity position in the US medical foods company, Cambrooke Therapeutics Inc., (“Cambrooke”) through Ajinomoto North America Inc. (“AJINA”) for approximately USD 64 million (approximately JPY 7.2 billion), and made it a wholly owned subsidiary.

Global Methionine Market: Key Companies Insights

The global methionine market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global methionine market are Adisseo, Ajinomoto Co. Inc., Anaspec Inc. (Eurogentec SA), Beijing Fortunestar S&T Development Co. Limited, Chongqing Unisplendour Chemical Co Ltd, CJ Cheiljedang Corp., Evonik Industries AG, IRIS Biotech GmbH, Novus International, Prinova Group LLC, Shijiazhuang Jirong Pharmaceutical Co. Ltd, Sumitomo, Chemical Co. Ltd, and Tokyo Chemical Industry Co. Ltd

*Definition: Methionine is a protein component involved in the commencement of mRNA translation. It is mainly used in animal feed and pharmaceuticals. It has been known to promote muscle growth.

Among the amino acids, methionine is a critical molecule in the body. It plays a key role in making new proteins. It also has important roles in other chemical reactions in the body. It is a sulfur-containing molecule that is critical for normal functions. It participates in many important processes in the body, such as the production of antibodies, a substance that helps the immune system defends the body against disease. Methionine is also used to make creatine, an amino acid that plays an important role in building bone strength.

Market Dynamics:

Increasing demand for meat products, increasing population, and growing awareness about the importance of food nutrients are the primary factors driving the methionine market growth over the forecast period. The methionine market is also expected to see an increase in the use in vitamin manufacturing.

On the other hand, strict policies restrict the use of fish meal in animal feed, which is the major source of methionine. These regulations may lead to reduced production and could also force companies to limit the production thereby hindering market growth.

Key features of the study:

  • This report provides in-depth analysis of the global methionine market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global methionine market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Adisseo, Ajinomoto Co. Inc., Anaspec Inc. (Eurogentec SA), Beijing Fortunestar S&T Development Co. Limited, Chongqing Unisplendour Chemical Co Ltd, CJ Cheiljedang Corp., Evonik Industries AG, IRIS Biotech GmbH, Novus International, Prinova Group LLC, Shijiazhuang Jirong Pharmaceutical Co. Ltd, Sumitomo, Chemical Co. Ltd, and Tokyo Chemical Industry Co. Ltd
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global methionine market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global methionine market

Detailed Segmentation:

  • Global Methionine Market, By Type
    • Liquid
    • Powder
  • Global Methionine Market, By End-user Industry
    • Animal Feed
    • Pharmaceutical
    • Food and Beverage
    • Other End-user Industries (Organic Chemicals, Personal Care, etc.)
  • Global Methionine Market, By Geography
    • Asia-Pacific
    • North America
    • Europe
    • South America, and
    • Middle East & Africa
  • Company Profiles
    • Adisseo
    • Ajinomoto Co. Inc.
    • Anaspec Inc. (Eurogentec SA)
    • Beijing Fortunestar S&T Development Co. Limited
    • Chongqing Unisplendour Chemical Co Ltd
    • CJ Cheiljedang Corp.
    • Evonik Industries AG
    • IRIS Biotech GmbH
    • Novus International
    • Prinova Group LLC
    • Shijiazhuang Jirong Pharmaceutical Co. Ltd
    • Sumitomo Chemical Co. Ltd
    • Tokyo Chemical Industry Co. Ltd

Frequently Asked Questions

The global methionine market size is estimated to be valued at US$ 5.67 Billion in 2021 and is expected to exhibit a CAGR of 9.3% between 2022 and 2030.
Growing demand from aquaculture sector and rising awareness regarding nutritious diet are fuelling the market.
The Food & Beverages segment is the leading component segment in the market.
Complex manufacturing process of methionine and falling prices due to oversupply are the major factors restraining market.
Adisseo, Ajinomoto Co. Inc., Anaspec Inc. (Eurogentec SA), Beijing Fortunestar S&T Development Co. Limited, Chongqing Unisplendour Chemical Co Ltd, CJ Cheiljedang Corp., Evonik Industries AG, IRIS Biotech GmbH, Novus International, Prinova Group LLC, Shijiazhuang Jirong Pharmaceutical Co. Ltd, Sumitomo, Chemical Co. Ltd, and Tokyo Chemical Industry Co. Ltd

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