Global Methionine Market Forecast 2028: Trends & Competition
The global Methionine market is projected to reach USD 4.5 Billion by 2028, growing at a CAGR of over 4%, in value terms owing to rising awareness of food nutrients, especially amino acids for mental and physical development. Moreover, the growing popularity of animal-based products like sea-foods, dairy etc. and the increasing use of methionine as a nutraceutical will ensure robust growth of the market in the next five years. The global Methionine market is segmented based on type, raw material, application and region. Based on type, the market is divided into DL-Methionine, Methionine Hydroxy Analogue (Mha) and L-Methionine. DL-Methionine is expected to dominate the market during the forecast period due to its properties such as high antioxidant capacity, and low nitrogen excretions, among others. Based on applications, food & supplements are expected to lead the market due to their nutritional benefits, anti-cancer properties etc. Regionally, the Asia-Pacific...