India methionine market is projected to grow at a robust CAGR over a period of the next five years, owing to the increasing use of methionine as the major protein source in livestock feeds. Besides, growing popularity of animal-based products such as dairy, seafood, and poultry coupled with the increasing use of methionine as a dietary supplement for overall well-being is expected to ensure a robust growth of Indian methionine market in the next five years.
Emerging demand for methionine from the aquaculture and poultry industry coupled with greater requirement for processed and ready-to-eat foods, particularly frozen foods are contributing to the growth of India methionine market. The growing working population and implementation of innovative animal husbandry practices to improve meat quality are supporting market growth. Rising incidences of animal diseases and enhanced focus on sustainability are some of the factors aiding India methionine market.
Increasing awareness for a nutritious diet, growing demand for dairy products, meat, and seafood, and rising consumption of sports supplements are also propelling the adoption of methionine in India. Stringent healthcare regulations, and enhanced health standards are also aiding the market growth. However, rising energy prices and a shortage of raw materials for the production of methionine might restrict the growth of India methionine market. Besides, the rising vegan and vegetarian population has led to low consumption of poultry products, which in turn, is negatively affecting methionine market.
India methionine market is segmented into type, raw material, application, company, and geography. Based on application, the market is fragmented into animal feed, food & dietary supplements, and pharmaceuticals. The feed segment is expected to lead India methionine market due to widespread use of methionine in poultry and cattle feeds to improve the overall protein content of the meat produced. Based on type, the market is divided into DL-Methionine, Methionine Hydroxy Analogue (MHA) and L-Methionine. The DL-Methionine is expected to dominate the market due to its properties such as high antioxidant capacity, low nitrogen excretions etc.
Some of the leading players in the India Methionine Market
- Adisseo
- Evonik
- AJINOMOTO
- Novus International
- Sumitomo Chemicals
- Prinova Group LLC
- Sunrise Nutrachem Group
- Phibro
- Chongqing Unisplendour Chemical etc.
The objective of the Study:
- To analyse and forecast the market size of the methionine market, in terms of value and volume.
- To classify and forecast India methionine market based on type, raw material, application, and regional distribution.
- To identify drivers and challenges for India methionine market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India methionine market.
- To conduct the pricing analysis for India methionine market.
- To identify and analyse the profile of leading service providers involved in the India methionine market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers in India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analysed the service offerings, distribution channels and presence of all major manufacturers in India.
TechSci Research calculated the market size of India Methionine Market using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Methionine Manufacturers
- Dealers, and Suppliers
- Traders and Distributors of Methacrylate Monomers
- Feed Manufacturers
- Regulatory organizations
- Research organizations and consulting companies
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, distributors and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2022 |
| Historical Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in Units and CAGR for 2018- 2022 and 2023E-2028F |
| Report coverage | Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends |
| Segments covered | · Type· Raw Material· Application |
| Regional scope | North, South, East, West |
| Key companies profiled | Adisseo, Evonik, AJINOMOTO, Novus International, Sumitomo Chemicals, Prinova Group LLC, Sunrise Nutrachem Group, Phibro, Chongqing Unisplendour Chemical. |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, India Methionine Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- India Methionine Market, By Type:
- DL-Methionine
- Methionine Hydroxy Analogue (MHA)
- L-Methionine
- India Methionine Market, By Raw-Material:
- Plant Based
- Animal Based
- India Methionine Market, By Application:
- Feed
- Poultry
- Feed
-
- Broilers
- Breeders
- Layers
-
- Swine
-
- Starter
- Grower
- Sow
-
- Ruminants
-
- Calf
- Dairy Cattle
- Beef Cattle
- Others
-
- Aquaculture
-
- Fish
- Molluscs
- Crustaceans
-
- Others
- Market, by Region:
- North Region
- South Region
- East Region
- West Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in Methionine Market segment.
Available Customizations:
With the given market data, TechSci Research offers customizations according the company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Voice of Customers
4.1.1. Brand Awareness
4.1.2. Brand Satisfaction
4.1.3. Factors Influencing Purchase Decisions
- Impact of COVID-19 on India Methionine Market
- India Methionine Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (DL-Methionine, Methionine Hydroxy Analogue (Mha) and L-Methionine)
6.2.2. By Raw Material (Plant Based and Animal Based)
6.2.3. By Application (Animal Feed, Food & Dietary Supplements, and Pharmaceuticals)
6.2.4. By Company
6.2.5. By Region
6.3. Market Attractiveness Index
- India DL-Methionine Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Raw Material
7.2.2. By Application
- India Methionine Hydroxy Analogue Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Raw Material
8.2.2. By Application
- India L-Methionine Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Raw Material
9.2.2. By Application
- Market Dynamics
10.1. Drivers
10.2. Challenges
- Supply Chain Analysis
- Market Trends & Developments
- Policy & Regulatory
- India Economic Profile
- Competitive Landscape
15.1. Company Profile
15.1.1. Adisseo, Evonik
15.1.2. AJINOMOTO
15.1.3. Novus International
15.1.4. Sumitomo Chemicals
15.1.5. Prinova Group LLC
15.1.6. Sunrise Nutrachem Group
15.1.7. Phibro, Chongqing Unisplendour Chemical
16. Strategic Recommendations