The latest report titled “Methionine manufacturing” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the manufacturing process of Methionine.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, manufacturing cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry, including Methionine manufacturing process, that might influence Methionine manufacturing cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Product Definition:
Methionine is an essential amino acid that contains sulfur and is required for both human and animal nutrition. One of the nine necessary amino acids, it must be received from diet as the body is unable to produce it on its own. It is essential for tissue repair, cell proliferation, and protein synthesis. Alcohol and ether are insoluble, although it is soluble in water. The human body needs sulfur, found in methionine, to synthesize several substances that contain sulfur, including cysteine, taurine, and glutathione. It is also used as a chelating agent in metal detoxification processes and as a corrosion inhibitor in the oil and gas industry.
Market Drivers:
The growing need for animal proteins, particularly those from poultry, pigs, and aquaculture, is the main factor driving the worldwide methionine market. To increase animal growth and feed effectiveness, it is frequently included in animal feed. In the upcoming years, it is anticipated that the need for methionine will be driven by the rising demand for animal protein, fueled by population increase, urbanization, and shifting dietary patterns. The growing demand for plant-based methionine substitutes is another significant factor driving the methionine market. Petrochemical sources, which are non-renewable and hazardous to the environment, are predominantly used to generate methionine. As a result, there is a rising need for environmentally benign and sustainable methionine substitutes, such as plant-based sources and production techniques based on microbial fermentation.
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