Methionine Market Size, Share & Trends Analysis Report By Source (Plant Based, Animal Based), By Application (Animal Feed, Food & Dietary Supplements), By Region, And Segment Forecasts, 2024 - 2030

Methionine Market Size & Trends

The global methionine market size was valued at USD 3.37 billion in 2023 and is projected to grow at a CAGR of 9.1% from 2024 to 2030. The market is driven by the demand for methionine, which offers benefits such as hair cleansing, cell preservation, anti-pollution, and anti-aging properties. Moreover, increased investment in research and development by industry participants will drive market growth over the forecast period. These factors will contribute to the expansion of the market.

The increasing demand for animal-based products is a primary driver of the market, as methionine is an essential amino acid used extensively in animal feed to enhance growth and improve feed efficiency. As global meat consumption continues to rise, the demand for methionine as a feed additive is expected to correspondingly increase. Furthermore, the growing health concerns among consumers are prompting a demand for higher-quality protein sources, which methionine plays a crucial role in meeting.

The implementation of innovative animal husbandry practices is also contributing to market growth. These practices often involve the use of methionine to optimize animal health and productivity, ensuring that livestock receive adequate nutrition for optimal growth and development. Moreover, the expanding applications of methionine in pharmaceuticals and nutraceuticals are creating additional opportunities for the market. The rising consumer interest in dietary supplements is driving demand for methionine, as it is often included in formulations aimed at improving overall health and wellness.

Asia Pacific is currently the largest and fastest-growing market for methionine, driven by urbanization, increased disposable incomes, and a shift towards protein-rich diets. Countries such as China and India are significant contributors to this growth, reflecting broader trends in dietary preferences and economic development. The shift towards eco-friendly production methods and the growing demand for personalized nutrition present lucrative opportunities for market expansion in the coming years. Overall, the Methionine Market is poised for continued growth driven by its increasing demand in various sectors, including animal feed, pharmaceuticals, and nutraceuticals.

Source Insights

The plant based source segment dominated the methionine market with a revenue share of 88.5% in 2023. The global trend towards sustainable and ethical consumption has led to a shift towards plant-based goods, driving demand for plant-based methionine sources. As a result, manufacturers are adapting to meet this demand, leveraging methionine's versatility in animal feeds, supplements, and pharmaceuticals to capitalize on its multiple applications.

The animal based source segment is expected to register the fastest CAGR of 10.0% over the forecast period. The quality of methionine derived from animal sources is considered superior to that obtained from plant-based sources. As a vital amino acid, methionine is essential for optimal animal health and cannot be synthesized by the body. Animal-derived methionine exhibits superior bioavailability, enabling efficient assimilation and synthesis, thereby promoting optimal animal health and well-being.

Application Insights

Animal feed dominated the methionine market with a revenue share of 61.5% in 2023. The global demand for animal protein has increased due to population growth, urbanization, and changing dietary habits. To optimize animal production, high-quality animal feed is essential. Methionine, a critical amino acid, is a key ingredient in animal feeds as it enhances growth and productivity. Consequently, the trend towards using methionine-based feed additives is growing, aimed at improving animal health and productivity.

Pharmaceuticals are expected to register the fastest CAGR of 10.0% over the forecast period. The pharmaceutical industry is highly discerning when it comes to raw materials, prioritizing consumer safety above all. To ensure the highest level of purity, pharmaceutical-grade methionine is required for final products. To meet this stringent demand, methionine suppliers dedicate significant resources to complying with industry standards, ensuring the highest quality product for pharmaceutical applications.

Regional Insights

The North America methionine market is expected to grow significantly in the global methionine market over the forecast period. The region’s established pharmaceutical and food industries rely heavily on methionine as a key component in various products. As a result, the region is poised for significant growth in the methionine market. Technological advancements have not only improved production efficiency but also elevated the quality of methionine, positioning North American suppliers to compete effectively in the global market.

U.S. Methionine Market Trends

The U.S. methionine market is expected to grow in the North America methionine market over the forecast period. The U.S. is estimated to have the highest consumption rate of meet across the globe countries. Due to this, there is a high demand for methionine as it is a vital sulphur-containing amino acid that is used to supplement animal feeds. Large-scale production of poultry, swine, and cattle in the country necessitates methionine supplements to be added to the animal’s diets in a bid to boost their growth and production.

Asia Pacific Methionine Market Trends

Asia Pacific methionine market dominated the global methionine market with a revenue share of 48.7% in 2023. The Asia-Pacific region, particularly China and India, has witnessed a surge in demand for meat driven by factors such as urbanization and rising disposable income. This increased demand for meat has subsequently led to a growth in the requirement for methionine, a crucial ingredient in animal feed production, to meet the nutritional needs of animals.

The methionine market in China held a substantial market share of the Asia Pacific methionine market in 2023. China has witnessed rapid growth in its aquaculture industry, driving demand for methionine as a key input in aquaculture diets. As a leading player in global fishing and aquaculture, China's contribution is substantial, particularly in fish and other aquatic species. This has led to a significant increase in the uptake of methionine to promote the wellness and development of aquatic animals.

Europe Methionine Market Trends

Europe methionine market is expected to register the second-fastest CAGR of 9.8% over the forecast period. Europe's prominence in the methionine market is attributed to favorable regulations and government incentives. The region's strict product quality, safety, and conformity standards enhance the competitiveness of European companies. Existing policies support investment in the sector, attracting global players and fostering development. This favorable business environment has made Europe an attractive destination for investment in the methionine industry.

The methionine market in Germany is expected to grow over the forecast period. Methionine is a versatile product that has applications in various industries and thus is used in German industries that include pharma, drunken, and feed. The country has a robust manufacturing industry together with advanced technology that has boosted the usage of Methionine in several uses.

Key Methionine Company Insights

Some key companies in the methionine market include Adisseo; Novus International, Inc.; Kemin Industries, Inc.; Evonik Industries AG; KYOWA HAKKO BIO CO., LTD.; and DSM; among others. The industry is marked by mergers, acquisitions, and product development to meet growing demand in animal feed, supplements, and pharmaceuticals, while facing regulatory compliance and cost pressures.

• Adisseo specializes in the manufacture of feed additives, including methionine, vitamins, and enzymes. With a strong presence in Europe and China, the company operates multiple research centers and production facilities, prioritizing sustainable practices and innovative solutions to optimize livestock health and performance.

• Novus International, Inc. offers a range of products that enhance animal health, performance, and sustainability. The company specializes in amino acids, including methionine, and nutritional supplements. With a focus on innovation and research, Novus develops solutions that meet the evolving needs of the livestock industry, serving customers globally.

Recent Developments

• In April 2024, Phibro Animal Health acquired Zoetis’ medicated feed additive portfolio for USD 350 million, gaining six manufacturing sites and over 300 employees. The transaction aimed to focus Zoetis' investments on animal health, productivity, and sustainability.

• In March 2024, Evonik Industries AG unveiled its latest MetAMINO ATLAS, a comprehensive set of 19 trials showcasing the relative bioavailability of supplementary methionine sources in animal diets, with results confirming 65% bioefficacy.

• In March 2024, Novus International, Inc. completed the acquisition of BioResource International, Inc., acquiring all its products and intellectual property, as well as assuming control of BRI's U.S. facilities in North Carolina.

• In August 2023, Adisseo built a new powder methionine plant in China, with a 150Kton annual production capacity. This project solidified Adisseo's leadership in the methionine industry, driving growth and competitiveness.

Methionine Market Report Scope

Global Methionine Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global methionine market report based on source, application, and region: 

• Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Plant Based

  • Animal Based

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Animal Feed

  • Food & Dietary Supplements

  • Pharmaceuticals

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • Saudi Arabia

    • UAE

    • Kuwait

    • Qatar

    • Oman