| Product Code: ETC333144 | Publication Date: Aug 2023 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India methionine market import shipment demonstrated robust growth with a notable CAGR from 2020 to 2024. However, there was a significant decline in growth rate between 2023 and 2024. Overall, the market expanded steadily but showed signs of slowing down towards the end of the period.
The India methionine market reached a volume of 10 Kilotons in 2018 growing at an annual rate of 6 % during 2011-2018 due its wide usage as an essential amino acid feed supplement used for animal nutrition purposes including poultry, swine, ruminants and aquaculture species.
The India methionine market`s outlook is shaped by several key drivers. Firstly, the increasing demand for protein-rich animal feed to support the growing poultry and aquaculture industries is driving the need for methionine as an essential amino acid. Secondly, the emphasis on animal health and nutrition is propelling the use of methionine in feed formulations to enhance growth and overall well-being. Additionally, the rise in consumer awareness regarding food quality and safety is encouraging producers to prioritize animal nutrition. These drivers collectively contribute to the positive growth trajectory of the methionine market in India.
The methionine market in India shows promise with the growth of the animal feed and pharmaceutical sectors. However, challenges persist. Fluctuations in raw material costs impact product pricing and profitability. Ensuring a consistent supply of high-quality methionine to meet industry standards can be challenging. Additionally, addressing concerns over environmental impact and exploring sustainable sourcing methods are essential for long-term market viability.
The methionine market in India has been influenced by factors such as animal feed demand and poultry production. Methionine is an essential amino acid used to enhance the nutritional value of animal feed. The COVID-19 pandemic led to disruptions in supply chains and changes in consumer behavior, affecting the animal husbandry sector. As the industry rebounds and demand for meat and dairy products rises, the methionine market is expected to recover. Additionally, a growing focus on sustainable and organic farming practices could influence the adoption of methionine-based additives.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Methionine Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Methionine Market Revenues & Volume, 2021 & 2031F |
3.3 India Methionine Market - Industry Life Cycle |
3.4 India Methionine Market - Porter's Five Forces |
3.5 India Methionine Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.6 India Methionine Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Methionine Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for protein-rich animal feed in India |
4.2.2 Growth in the poultry and aquaculture industries in India |
4.2.3 Technological advancements in the production of methionine in India |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices |
4.3.2 Strict regulations and approvals required for methionine production in India |
5 India Methionine Market Trends |
6 India Methionine Market, By Types |
6.1 India Methionine Market, By Raw Material |
6.1.1 Overview and Analysis |
6.1.2 India Methionine Market Revenues & Volume, By Raw Material, 2021-2031F |
6.1.3 India Methionine Market Revenues & Volume, By Plant-based, 2021-2031F |
6.1.4 India Methionine Market Revenues & Volume, By Animal-based, 2021-2031F |
6.2 India Methionine Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Methionine Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.2.3 India Methionine Market Revenues & Volume, By Food & Dietary Supplements, 2021-2031F |
6.2.4 India Methionine Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
7 India Methionine Market Import-Export Trade Statistics |
7.1 India Methionine Market Export to Major Countries |
7.2 India Methionine Market Imports from Major Countries |
8 India Methionine Market Key Performance Indicators |
8.1 Percentage increase in methionine consumption in the animal feed industry in India |
8.2 Number of new product launches or expansions by methionine manufacturers in India |
8.3 Adoption rate of innovative methionine production technologies in India |
9 India Methionine Market - Opportunity Assessment |
9.1 India Methionine Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
9.2 India Methionine Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Methionine Market - Competitive Landscape |
10.1 India Methionine Market Revenue Share, By Companies, 2024 |
10.2 India Methionine Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |