UAE Methionine Market Report 2024, with Profiles of Evonik

Dublin, Dec. 12, 2024 (GLOBE NEWSWIRE) — The “UAE Methionine Market, By Region, Competition, Forecast and Opportunities, 2019-2029F” report has been added to ResearchAndMarkets.com’s offering.

The UAE Methionine Market was valued at USD 20.14 Million in 2023, and is expected to reach USD 25.07 Million by 2029, rising at a CAGR of 3.68%.

Methionine, an essential amino acid, plays a crucial role in supporting the growth and development of animals, contributing significantly to the robustness of the animal feed industry. With the burgeoning poultry sector in the UAE and the increasing awareness about the nutritional benefits of methionine, there is a notable upsurge in demand within the animal feed application segment.

The rising health consciousness among UAE citizens has propelled the market for food and dietary supplements. Methionine, as a key ingredient in these supplements, is expected to experience substantial growth due to its numerous health benefits. These benefits include reducing the risk of colorectal cancer and boosting the immune system, making methionine an increasingly sought-after component. In addition to its importance in the animal feed and dietary supplement sectors, methionine is gaining recognition for its potential in the pharmaceutical industry. It is being studied for its effectiveness in treating liver diseases, drug withdrawal, and depression.

As a result, there is a growing demand for methionine in pharmaceutical applications, further fueling its market growth. The UAE government’s commitment to fostering a conducive business environment has attracted businesses in the methionine market. The implementation of favorable trade policies, investments in infrastructure, and provision of incentives for businesses have created an environment that supports the growth and development of the methionine industry.

The UAE methionine market is witnessing an upward trajectory, driven by the growing demand across various application segments and supported by a conducive business environment. The future for this market looks exceptionally promising, with ample opportunities for further growth and development.

Key Market Drivers

Growing Demand for Methionine in the Food & Beverage Industry

One of the significant factors contributing to the increasing demand for methionine in the UAE is the rising health consciousness among its citizens. With a growing awareness of the importance of balanced nutrition, people are now more inclined to consider the role of dietary supplements in achieving optimal health. Methionine, renowned for its numerous health benefits, such as boosting the immune system and reducing the risk of colorectal cancer, has emerged as a key ingredient in these sought-after supplements. Within the UAE methionine market, the plant-based segment is expected to dominate in the coming years. This can be attributed to the surging demand for organic supplements and a growing consumer awareness of the various health advantages offered by plant-based products. Additionally, the increasing adoption of vegan and vegetarian diets among individuals has further fueled the demand for plant-based methionine supplements.

According to a report published in 2024, the UAE’s food processing sector is experiencing significant growth, fueled by strong economic expansion and rising domestic consumption. The country is home to 568 predominantly small- and medium-sized food and beverage processors, part of a larger network of over 2,000 manufacturing companies in the sector, which collectively generate annual revenues of USD 7.63 billion.

While primarily focused on meeting local demand, these companies are also targeting regional and international markets. In the food and beverage industry, methionine plays a vital role as a food additive, enhancing both flavor and nutritional value. It is widely used in a diverse range of processed foods, including cereals, snacks, and ready-to-eat meals. Furthermore, ongoing research and development activities in this sector are continually uncovering new and innovative applications for methionine, further propelling the market growth.

The growing demand for methionine in the food and beverage industry is a primary driver of the UAE methionine market. As the focus on health and well-being continues to rise, coupled with the increasing popularity of plant-based diets, the demand for methionine is poised to witness significant growth, promising a bright and prosperous future for the UAE methionine market.

Growing Demand of Methionine in the Pharmaceutical Industry

In the pharmaceutical industry, methionine is widely recognized for its potential in treating various health conditions. It has been extensively studied and utilized in the treatment of liver diseases, depression, and drug withdrawal, showing promising results in improving patient outcomes. With the global prevalence of these conditions on the rise, the demand for methionine in pharmaceutical applications is expected to witness significant growth. Abu Dhabi’s pharmaceutical industry has become a key contributor to the UAE’s pharmaceutical production, accounting for 27% of the sector’s output in 2021, with a production value of USD 284 million.

To further enhance the sector’s growth and competitiveness, the Abu Dhabi Industrial Strategy has been introduced. The strategy includes a government investment of USD 2.72 billion, which is expected to more than double the size of the manufacturing sector to USD 46.83 billion, increase non-oil exports by 148% to USD 48.68 billion, and generate 13,600 new jobs by 2031. The strategy aims to position Abu Dhabi as a regional hub for innovation and manufacturing, with the pharmaceutical industry playing a pivotal role in realizing this vision.

Another factor contributing to this increasing demand is the growing awareness about the importance of balanced nutrition and dietary supplements in maintaining overall health and well-being. Methionine, known for its exceptional health benefits, such as boosting the immune system and reducing the risk of colorectal cancer, has gained immense popularity as a key ingredient in these supplements. The rising geriatric population, who are more conscious about their health and nutritional needs, is also contributing to the growing demand for dietary supplements, thereby driving the methionine market.

The growing demand for methionine in the pharmaceutical industry is a major driver of the UAE methionine market. As awareness about the numerous health benefits of methionine continues to grow and its applications in treating various health conditions are further explored, the market is poised to experience further growth in the years to come. This presents a significant opportunity for pharmaceutical companies and manufacturers to capitalize on the expanding market and develop innovative methionine-based treatments and products to meet the evolving needs of patients and consumers worldwide.

Volatility in Raw Material Availability and Pricing

Methionine production heavily relies on key feedstocks, including methanol and methyl mercaptan. These feedstocks serve as crucial components in the synthesis of methionine, playing a significant role in determining its availability and pricing. The prices of these raw materials are subject to fluctuations influenced by various factors. One of the primary factors affecting the prices of methanol and methyl mercaptan is the volatility of crude oil prices. As these feedstocks are derived from petroleum products, any changes in crude oil prices can directly impact their cost. Supply chain disruptions caused by unforeseen events or geopolitical issues can further contribute to price fluctuations.

The price volatility of these key feedstocks can have significant implications for methionine manufacturers. Fluctuating prices can affect their profitability and hinder the overall growth of the methionine market. Tepid consumer spending and weak end-user industry demand can exacerbate this pricing pattern, creating additional challenges for market dynamics. It is worth noting that methionine plays a crucial role in various industries, primarily as an essential ingredient in animal feed and dietary supplements. Any increase in the price of methionine can lead to a rise in the cost of these end products, impacting both manufacturers and consumers alike.

In addition to price volatility, the availability of raw materials poses another challenge to the methionine market. Environmental regulations, production constraints, and geopolitical tensions can all influence the supply of methanol and methyl mercaptan. These factors can result in increased production costs and potential delays, further impacting the overall market growth. The ruminant sector, which heavily relies on methionine as a dietary supplement, faces its own set of challenges. Increasing raw material prices and high volatility of agri-food products can potentially impact the demand for methionine in this sector. This adds to the complexities faced by the UAE methionine market, requiring careful consideration and strategic planning.

Key Market Players

• Evonik Gulf FZE
• Novus International FZE
• Sumitomo Corporation Middle East FZE
• Soukare Pharmacy
• Adisseo Animal Nutrition DMCC

Key Attributes:

Report Scope:

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

UAE Methionine Market, By Type:

• DL-Methionine
• Methionine Hydroxy Analogue (Mha)
• L-Methionine

UAE Methionine Market, By Application:

• Animal Feed
• Food & Dietary Supplements
• Pharmaceuticals

UAE Methionine Market, By Region:

• Dubai
• Abu Dhabi
• Sharjah
• Rest of UAE

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