Europe and Asia-Pacific Set to Witness Boom in Methionine Sales in Future
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The ballooning requirement for animal feed in the poultry industry is causing a sharp surge in the global demand for methionine. Moreover, the soaring consumption of eggs and meat is pushing up the demand for methionine across the world. Methionine helps majorly in the development and growth of the digestive track of various animals, which, in turn, plays a major role in increasing the muscle mass of the animal. This improves the egg production of various poultry animals.
Apart from being used in animal feed, methionine is also extensively used in pharmaceutical applications, on account of its several therapeutic advantages in treating toxic hepatitis, copper poisoning, pneumonia, and liver cirrhosis. Furthermore, methionine is used in antacids and analgesics as a buffering agent for treating the aforementioned diseases. This is creating lucrative growth opportunities for numerous methionine producing companies around the world. Many methionine producing organizations are also launching extensive research and development (R&D) projects.
Because of the above-mentioned reasons, the sales of methionine are growing sharply across the world. This is propelling the advancement of the global methionine market. Methionine is mainly available in two forms- powder and liquid. Between the two, the demand for liquid methionine is predicted to surge sharply in the upcoming years. The adoption of liquid methionine in animal diets considerably improves the morphology and the growth performance of the gastrointestinal tract of piglets.
Moreover, many methionine producing companies around the world are increasing their production capacity of liquid methionine. The major application areas of methionine are animal feed additives, pharmaceuticals, food processing, and aquaculture. Out of these, the usage of methionine is currently observed to be the highest in animal feed additives. This is credited to the mushrooming consumption of eggs and meat and the rising requirement for more poultry production all over the world.
One of the major trends currently being witnessed in the methionine market is the development of bio-methionine. Methionine is primarily produced from petrochemical sources, where it is usually very hard to handle raw materials. Furthermore, many companies are increasingly using new innovative and technologically advanced biochemical processes for producing methionine from various essential raw materials, on account of their environment-friendly characteristics and sustainability advantages over the conventionally used petrochemical sources.
Geographically, the sales of methionine will rise enormously in Europe and Asia-Pacific in the upcoming years, as per the forecast of P&S Intelligence, a market research company. This will be a result of the existence of well-established methionine producing companies, the rapid modernization of the animal husbandry industry, and the soaring production of livestock, poultry, and pork in these regions. In North America, the demand for this material will be the highest in the U.S. in the future.
Hence, it can be said with surety that the demand for methionine will shoot up across the world in the forthcoming years, mainly because of the surging consumption of eggs and meat and the ballooning requirement for greater poultry production, on account of the soaring population levels in many countries.
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