Vietnam Methionine Market – Growth, Overview & Outlook

Vietnam Methionine Market is projected to grow at a robust CAGR over the next five years, owing to increasing preference for animal-based food products like poultry, seafood, and pork coupled with the growing demand for methionine in animal feeds to improve the protein content. Moreover, the increasing adoption of methionine as a protein source in dietary supplements and nutraceuticals by the health-conscious population will ensure robust growth of the market in the next five years.

On the basis of type, DL-Methionine is expected to dominate the market due to its properties such as high antioxidant capacity, low nitrogen excretions etc. Based on raw material, the Vietnam Methionine market is led by plant-derived methionine. Based on applications, food & supplements are expected to lead the market due to their nutritional benefits, anti-cancer properties etc.

Some of the leading players in the Vietnam Methionine Market

1. Adisseo
2. Evonik
3. AJINOMOTO
4. Novus International
5. Sumitomo Chemicals
6. Prinova Group LLC
7. Sunrise Nutrachem Group
8. Phibro
9. Chongqing Unisplendour Chemical etc.

The objective of the Study:

• To analyse and forecast the market size of the Methionine Market, in terms of value and volume.
• To classify and forecast Vietnam Methionine based on type, raw material, application, and regional distribution.
• To identify drivers and challenges for Vietnam Methionine Market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Vietnam Methionine Market.
• To conduct the pricing analysis for Methionine Market.
• To identify and analyse the profile of leading service providers involved in the Vietnam 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 Vietnam. 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 Vietnam.

TechSci Research calculated the market size of Vietnam 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.

Report Scope:

In this report, Vietnam Methionine Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, By Type:
  • DL-Methionine
  • Methionine Hydroxy Analogue (Mha)
  • L-Methionine
• Market, By Raw-Material:
  • Plant Based
  • Animal Based
• Market, By Application:
  • Feed
    • Poultry

• • • Broilers
    • Breeders
    • Layers

• • • Swine

• • • Starter
    • Grower
    • Sow

• • • Ruminants

• • • Calf
    • Dairy Cattle
    • Beef Cattle
    • Others

• • • Aquaculture

• • • Fish
    • Molluscs
    • Crustaceans

• • • Others
  • Food & Beverages
  • Pharmaceuticals
    • Nutraceutical & Dietary Supplements
    • Infant Formula
    • Food Fortification
    • Others
  • Others
• Market, by Region:
  • North Vietnam
  • South Vietnam
  • Central Vietnam

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.

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Table of Content- Vietnam Methionine Market

1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on the Vietnam Methionine Market
4. Executive Summary
5. Voice of Customers

5.1.1.     Brand Awareness

5.1.2.     Brand Satisfaction

5.1.3.     Factors Influencing Purchase Decisions

6. Vietnam Methionine Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Type (DL-Methionine, Methionine Hydroxy Analogue (Mha) and L-Methionine)

6.2.2.     By Raw Material (Plant Based and Animal Based)

6.2.3.     By Application (Animal Feed, Food & Dietary Supplements, and Pharmaceuticals)

6.2.4.     By Company

6.2.5.     By Region

6.3.  Market Attractiveness Index

7. Vietnam DL-Methionine Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Raw Material

7.2.2.     By Application

8. Vietnam Methionine Hydroxy Analogue Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Raw Material

8.2.2.     By Application

9. Vietnam L-Methionine Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Raw Material

9.2.2.     By Application

10. Market Dynamics

10.1.              Drivers

10.2.              Challenges

11. Supply Chain Analysis
12. Market Trends & Developments
13. Policy & Regulatory
14. Vietnam Economic Profile
15. Competitive Landscape

15.1.              Company Profile

15.1.1.  Adisseo

15.1.2.  Evonik

15.1.3.  AJINOMOTO

15.1.4.  Novus International

15.1.5.  Sumitomo Chemicals

15.1.6.  Prinova Group LLC

15.1.7.  Sunrise Nutrachem Group

15.1.8.  Phibro

15.1.9.  Chongqing Unisplendour Chemical

16. Strategic Recommendations