India methionine market is projected to
grow at a robust CAGR over a period of 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, poultry coupled
with the increasing use of methionine as a dietary supplement for overall well-being
is expected to ensure a robust growth of India 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. Growing working population and implementation of innovative animal
husbandry practices to improve meat quality are supporting the market growth. Rising
incidences of animal diseases and enhanced focus on sustainability are some of
the factors aiding India methionine market. Increasing awareness for 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, enhanced health
standards are also aiding the market growth. However, rising energy prices and
shortage of raw materials for the production of methionine might restrict the
growth of India methionine market. Besides, 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 are Adisseo, Evonik, AJINOMOTO, Novus International, Sumitomo
Chemicals, Prinova Group LLC, Sunrise
Nutrachem Group, Phibro, Chongqing Unisplendour Chemical etc.
Objective of the Study:
- To analyse and forecast the market size of 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.
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Attribute
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Details
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Base Year
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2022
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Historical Data
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2018 – 2021
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Estimated Year
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2023
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million, Volume in
Units and CAGR for 2018- 2022 and 2023E-2028F
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|
Report coverage
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Revenue forecast, volume forecast,
company share, competitive landscape, growth factors, and trends
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Segments covered
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·
Type
·
Raw Material
·
Application
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|
Regional scope
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North, South, East, West
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|
Key companies profiled
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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.
|
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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)
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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:
- India Methionine Market, By
Application:
- Calf
- Dairy Cattle
- Beef Cattle
- Others
- Fish
- Molluscs
- Crustaceans
- Food & Beverages
- Pharmaceuticals
- Nutraceutical
& Dietary Supplements
- Infant
Formula
- Food
Fortification
- Others
- 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).
Profit Margin Analysis
- Profit
margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]