Methyl Mercaptan Market Size

Methyl Mercaptan Market size is expected to reach USD 4 Billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of methyl mercaptan was USD 2 Billion. The reason behind the growth is impelled by the growing demand for food across the globe. Food demand is predicted to increase significantly by 2050 owing to global population growth, economic expansion, and rising incomes in developing nations. For instance, it is estimated that the amount of food consumed will be more than 10,090 million tons in 2030 and over 14,880 million tons in 2050. 

The growing demand for methionine is believed to fuel the methyl mercaptan market growth. Methionine is frequently utilized in food, and feed to boost the growth and productivity of animals and enhance the nutrient value of food.