San Jose, California (PRWEB) April 26, 2013
Follow us on LinkedIn – Meat consumption continues to grow across the globe. Steady growth in global population and rising per capita GDP in developing countries are major factors driving growth in meat consumption. Growing demand for meat products is exerting pressure on meat producers to enhance production and maximize yield, which in turn is generating demand for animal feed additives, including methionine. Methionine, an important poultry and livestock dietary supplement, helps in enhancing farm economics and yield with minimal inputs.
Poultry represents the largest end-use market for methionine. As a result, demand and production of methionine moves parallel with changes in production levels of poultry. During the year 2008, decline in production of poultry worldwide led to a drop in sales of methionine, resulting in piling of stocks and reduction of prices. The market however recovered in 2009 as a result of resurgence in demand for poultry meat.
Despite the availability of several methionine sources, use of HMTBa has been rising over the years. One of the key factors driving adoption of HMTBa is the expansion of its use beyond the poultry segment. HMTBa is increasingly being used in ruminant feed. Key factors driving the use of HMTBa in livestock and poultry feed include commercial benefits, such as, optimized animal growth and higher meat yields.
Developments in natural methionine supplements as a result of growing focus on sustainable livestock development are forecast negatively impact demand for synthetic methionine. There is a growing preference among livestock producers for cost effective methionine-rich feed composition for feeding animals. Researchers are currently developing a new breed of methionine rich corn for feeding cattle. Meanwhile, manufacturers of synthetic methionine are continuing to focus efforts on developing eco-friendly means of methionine extraction. CJ Cheiljedang, a Chinese company, recently developed a technology to extract methionine from dextrose and raw sugar.
As stated by the new market research report on Methionine, Asia-Pacific represents the largest market for methionine worldwide. The region is also forecast to emerge as the fastest growing market with a projected CAGR of 6.0% over the analysis period. Growth in Asia is led by China, which is expected to witness strong demand for methionine, primarily driven by increasing demand for meat products. Significant growth is also expected to emerge from Latin America, driven by increasing chicken consumption in the region and establishment of large broiler farms in Brazil.
Major players profiled in the report include China National BlueStar (Group) Co, Ltd., Adisseo France S.A.S., Evonik Industries AG, Degussa Rexim (Nanning) Pharmaceutical Co., Ltd., Jinzhou Jirong Amino Acid Co., Ltd., Novus International Inc., Sumitomo Chemical Co. Ltd., Tanabe U.S.A. Inc., among others.
The research report titled “Methionine: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in US$ for all major geographic markets including the US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
For more details about this comprehensive market research report, please visit –
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Web Site: http://www.StrategyR.com/