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Showing posts with the label Methionine Market Trend

Methionine Market – Identify Opportunities and Challenges 2022

Increasing feed additives demand for maintaining adequate metabolism rate in livestock is expected to drive methionine market growth over the next seven years. 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 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. Animal feed emerged as the most dominant application segment and accounted f