The
global methionine market is expected to reach USD 7.26
billion by 2022, according to a new report by Grand View Research, Inc.
Increasing feed additives demand for maintaining adequate metabolism rate in
livestock is expected to drive methionine market growth over the next seven
years. Increasing meat consumption in Asia Pacific and Latin America is also
expected to have a positive influence on the market growth. Recent animal disease
outbreaks across various regions have also prompted the need to include
methionine in animal feed.
Plants
were major source of manufacturing methionine and accounted for over 85% of
total market volume in 2014. Stringent government norms to ban fish silage and
bone meal were primary factors for increasing penetration of plant based
methionine in the global market. Plant based methionine is also expected to
witness significant growth of 6.8% from 2015 to 2022.
U.S.
methionine market volume by raw material, 2012-2022, (Kilo Tons)
Browse full
research report on Methionine Market: https://www.grandviewresearch.com/industry-analysis/methionine-market
Further key
findings from the report suggest:
- Global methionine market demand was 1,044.7
kilo tons in 2014 and is expected to grow at a CAGR of 6.5% from 2015 to
2022.
- Animal feed emerged as the most dominant
application segment and accounted for over 90% of total market volume in
2014. Poultry was the leading livestock consumer with demand share
estimated at 74.8% of overall methionine in animal feed in 2014. Growing
consumer awareness coupled with animal disease outbreak has prompted
methionine demand in animal feed. Food & dietary supplements application
segment is anticipated to grow at an estimated CAGR of 4.8% from 2015 to
2022.
- Asia Pacific was the leading regional market
with demand share exceeding 30% in 2014. Changing lifestyle coupled with
population expansion in countries such as China and India has increased
meat consumption in the region which further has helped in shaping up the
methionine market. North American methionine market is expected to grow at
an estimated CAGR of 5.8% from 2015 to 2022.
- The market is highly concentrated and characterized
by few dominant market participants accounting for a major share. Key
companies operating in the global market includes Evonik Industries AG,
Adisseo France SAS, Sumitomo Chemical Company and Novus International Inc.
- Other prominent players operating in the market
include Tokyo Chemical Industry Co. Ltd., Ajinomoto Inc., Iris Biotech
GmbH, Sunrise Nutrachem Group, Kyowa Hakko Bio. Co. Ltd., Royal DSM,
Tocris Bioscience Ltd., AnaSpec Inc., Ajinomoto Inc., Prinova U.S. LLC,
Beijing FortuneStar S&T Development Co., Ltd, CJ Cheil Jedang Corp.,
and Jinzhou Jirong Amino Acid Co., Ltd, .
Browse more
reports of this category by Grand View Research: https://www.grandviewresearch.com/industry/animal-feed-and-feed-additives
Grand View Research has segmented the global urinalysis market on the
basis of product, application, end-use, and region:
Global
Urinalysis Product Outlook (Revenue, USD Million, 2015 - 2022)
- Instruments
- Biochemical
urine analyzers
- Automated
biochemical analyzers
- Semi-automated
biochemical analyzers
- Automated
urine sediment analyzers
- Microscopic
urine analyzers
- Flow-cytometric
urine analyzers
- Consumables
- Dipsticks
- Reagents
- Disposables
Global
Urinalysis Application Outlook (Revenue, USD Million, 2015 - 2022)
- UTIs
- Diabetes
- Kidney
Disease
- Hypertension
- Liver
disease
- Others
Global
Urinalysis End-use Outlook (Revenue, USD Million, 2015 - 2022)
- Hospitals
- Clinical
Laboratories
- Home
healthcare
- Research
and academics
- Others
Urinalysis
Regional Outlook (Revenue, USD Million, 2015 - 2022)
- North
America
- U.S.
- Canada
- Europe
- U.K
- Germany
- Asia
Pacific
- Japan
- China
- Latin
America
- Brazil
- MEA
- South
Africa
Access
Press Release By Grand View Research: https://www.grandviewresearch.com/press-release/global-methionine-market
About Grand View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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