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 feed additives demand for maintaining adequate metabolism rate in livestock is expected to drive methionine market growth over the next seven years. 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. Full Research Report On Global Methionine Market By Grand View Research: www.grandviewresearch.com/industry-analysis/methionine-market Further key findings from the report suggest:
www.grandviewresearch.com/industry/animal-feed-and-feed-additives Grand View Research has segmented the methionine market on the basis of raw material, application and region: Methionine Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2012 - 2022)
www.grandviewresearch.com/press-release/global-methionine-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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