Methionine Supplements Market Scope
The global Methionine Supplements market is expected to witness high demand in the forecasted period due to the rising number of health-conscious people across the world. Methionine is a type of amino acid that helps in the production of proteins. It serves as a building block of proteins in the human body. Methionine is commonly found in fish, meat, and dairy products. Methionine is also present in nuts and grains. Also, Methionine supplements help those experiencing Parkinson’s, drug withdrawal, schizophrenia, radiation, copper poisoning, asthma, allergies, alcoholism, liver damage, and depression.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Charkit Chemical Company (United States), Doctor's Best, Inc. (United States), HealthKart (India), Solgar Inc. (United States), Canixa Life Sciences Pvt (India), Pure Planet Inc. (United States), NOW Health Group, Inc. (United States), Swanson Health Products (United States), DONGYU USI (United States) and Shijiazhuang Shixing Amino Acid Co., Ltd.(China) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Methionine Supplements market throughout the predicted period.
Charkit Chemical Company (United States), Doctor's Best, Inc. (United States), HealthKart (India), Solgar Inc. (United States), Canixa Life Sciences Pvt (India), Pure Planet Inc. (United States), NOW Health Group, Inc. (United States), Swanson Health Products (United States), DONGYU USI (United States) and Shijiazhuang Shixing Amino Acid Co., Ltd.(China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are AcerChem International Inc. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Methionine Supplements market by Type and Region with country level break-up.
On the basis of geography, the market of Methionine Supplements has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
In November 2016, Evonik Industries AG of Germany and METabolic EXplorer (METEX) of France have agreed that Evonik will acquire a technology package from METEX to strengthen its biotechnology platform for amino acids, following an agreement signed today in Paris. The package includes METEX’s entire technology portfolio for the fermentative production of methionine, as well as patents, essential bacteria strains, and the inoLa™ brand.
In January 2024, Adisseo plans to concentrate its French powder methionine production at its industrial platform in Roches-Roussillon (Isère). According to the company’s statement, the methionine powder workshop at Commentry (Allier), which shut down in October 2022 due to deteriorating economic conditions, will not be restarted.
"The food additive N -acetyl-L-methionine may be safely added to food (except infant foods and foods containing added nitrites/nitrates) as a source of L-methionine for use as a nutrient in accordance with the following conditions. (a) N- Acetyl-L-methionine (Chemical Abstracts Service Registry No. 65-82-7) is the derivative of the amino acid methionine formed by the addition of an acetyl group to the alpha-amino group of methionine. It may be in the free, hydrated, or anhydrous form, or as the sodium or potassium salts."
Influencing Trend:
Rising demand for dietary supplements among consumers, supported by the growing interest in leading a healthy lifestyle
Market Growth Drivers:
Increasing Health Issues and Raising Awareness about the Health Supplements
Challenges:
Covid-19 pandemic has been standing as a great challenging period for the Methionine market
Restraints:
Stringent Regulatory Framework
Opportunities:
Growing Demand for Methionine in the Emerging Economies and Increasing Demand for Methionine in Pharmaceutical Applications
Key Target Audience
Methionine Supplements Manufacturer, Methionine Supplements Suppliers, Methionine Supplements Distributors, Government Regulatory Bodies, Private Research Organizations, Government Research Organizations and Others