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Methionine Market to be Worth US$3 Billion by 2015

by 5m Editor
16 February 2010, at 8:19a.m.

GLOBAL - The global market for methionine is to reach three billion US dollars by 2015, according to a new report.

Methionine is an essential amino acid and is a basic building block in the formation of proteins. Methionine is mainly used in feeds to promote growth of poultry and livestock, shorten feeding cycle and increase the quantity of lean meat. Previously, fish powder was used to achieve similar results in the protein industry. However, methionine-based feeds proved to be more efficient than fish meal and replaced fish meal in almost all of the protein markets.

Accoridng to a new report from Global Industry Analysts, Inc., Asia Pacific (especially China) and Europe dominate the world methionine market as stated by the new market research report on methionine. China is the second largest manufacturer of animal feed in the world. Methionine is widely used in the country as a supplement in the diets for ruminants and piglets. Accordingly, China is among the largest consumers of feed-grade methionine. Since local production of methionine is insignificant, the country relies on imports to fulfill domestic demand.

Key players dominating the global methionine market include China National Bluestar, Evonik Industries AG, Jinzhou Jirong Amino Acid Co., Ltd., Mitsubishi Tanabe Pharma Corporation, Nippon Soda Co., Ltd., Novus International, Inc., Sumitomo Chemical Co. Ltd., and Zhejiang Chemicals Import & Export Corporation, among others.

The report, entitled Methionine: A Global Strategic Business Report from Global Industry Analysts provides a comprehensive review of industry overview, product overview, product introductions/innovations, profiles of major players, and recent industry activity. The report analyses market data and provides analytics in value sales for the regions including the US, Canada, Japan, Europe, Asia Pacific, Middle East and Latin America.

Further Reading

- You can view the full report (fee payable) by clicking here.