Global Methyl Sulfonyl Methane Market - Forecast(2024 - 2030)

Global Methyl Sulfonyl Methane Market Overview

The Global Methyl Sulfonyl Methane Market size is forecast to reach US$1.9 billion by 2027, after growing at a CAGR of 4.3% during 2022-2027. Methyl sulfonyl methane (MSM), also known as dimethyl sulfone, is a naturally occurring organosulfur which is derived from dimethyl sulfoxide (DMSO). It is most notably, used as a dietary supplement that helps improve inflammation, joint/muscle pain, and oxidative stress. It also serves as a high-temperature, polar, aprotic, commercial solvent that is used in various processes involving poly vinyl chloride (PVC), film depositions, led manufacturing and so on. The growing demand for the pharmaceutical and personal care & cosmetics sector is driving the market growth as methyl sulfonyl methane is essential in both the industries. In this market report, we will take an in-depth look at the global methyl sulfonyl methane market industry outlook and analyse the market share of the global methyl sulfonyl methane top 10 companies within the forecast period of 2022-2027.

COVID-19 Impact

During the COVID-19 pandemic, many industries had suffered a tumultuous time, and it was no different for the Global Methyl Sulfonyl Methane market. Various Governments across the Globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed lockdown protocols. Methyl sulfonyl methane is used in a variety of industrial applications along with also being used as a dietary supplement. While the demand for dietary supplements saw a growth during the pandemic, other industries, such as the automotive industry and personal care & cosmetics, saw a decline in production and sales. For instance, according to a study conducted by the American Society for Nutrition, dietary supplement use in Asia rose from 29.5% before the pandemic to 71.9% during the pandemic in 2020. However, the pandemic has largely subsided as the world population is being vaccinated and governments are lifting lockdown protocols. As such, the demand for the global methyl sulfonyl methane market is expected to grow substantially within the forecast period of 2022-2027.

Report Coverage

The report: “Global Methyl Sulfonyl Methane Market Report – Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the global methyl sulfonyl methane industry.

By Form: Solid, and Liquid.
By Mesh Size: 0-50, 50-100, 100-150, 150-200, and Others.
By Application: Nutritional Supplement, Solvent for PVC/PAN, Film Deposition, Lithium Battery Production, LED Manufacturing, and Others.
By End-Use Industry: Food & Beverage (Preservative, Animal Feed, and Others), Pharmaceutical (Nutritional Additive, Anti-inflammatory agent, Analgesic, Blood Vessel Dilator, and Others), Electronics (Monitors, Laptops, Smartphones, Televisions, and Others), Industrial (Automotive, Polymer Industry, and Others), Personal Care & Cosmetic (Skin Care, Hair Care, Nail Care, and Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa).

Key Takeaways

• The North America region will dominate the global methyl sulfonyl methane market within the forecast period of 2022-207. This is because North America has the largest share in the pharmaceutical industry.
• Methyl sulfonyl methane, also known as dimethyl sulfone, is primarily used as a dietary supplement that helps in improving inflammation, joint pains, and oxidative stress.
• One of the key challenges for the global methyl sulfonyl methane market is the availability of a number of alternatives such as vitamin D3, vitamin B12, chondroitin sulphate, glucosamine sulphate and so on.

Figure: North America Global Methyl Sulfonyl Methane Market 2021-2027 (US$ Billion)

Global Methyl Sulfonyl Methane Market Analysis – By Application

Nutritional supplements held the largest share with 27.3% in the global methyl sulfonyl methane market in 2021. Methyl sulfonyl methane, also known as dimethyl sulfone, is an organosulfur derivative of dimethyl sulfoxide that provides a number of health benefits such as decreasing joint and muscle pains, increasing glutathione levels, reducing production of cytokines, alleviating arthritis symptoms, and so on. Due to its wide variety of health benefits, it is widely used as a nutritional supplement and is used to treat a wide array of conditions, as mentioned above. The increasing demand for dietary supplements, especially after the COVID-19 pandemic, is one of the key reasons driving the demand for the global methyl sulfonyl methane market industry. For instance, according to the American Society for Nutrition, the demand for nutritional supplements increased dramatically during the pandemic, with the supplement use of individuals increasing to 71.9% in Asia, 68.7% in the Europe, and 62.2% in Turkey, in 2020. Thus, the growing demand for nutritional supplements is estimated to drive the demand for methyl sulfonyl methane.

Global Methyl Sulfonyl Methane Market Analysis – By End-Use Industry

The pharmaceutical industry held the largest share in the global methyl sulfonyl methane market in 2021 and is estimated to grow at a CAGR 4.9% during 2022-2027. Methylsulfonylmethane is primarily used as a dietary supplement for various ailments. It is used as an anti-inflammatory agent, antioxidant capabilities, anticholinesterase activity, and its ability to induce histamine release from mast cells. Constant new developments and investment into research & development in the pharmaceutical sector, are some of the primary factors propelling the global methyl sulfonyl methane market. For instance, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), there is a rapid growth in the research environment of the pharmaceutical sector in emerging economies such as Brazil, China, and India between 2015-2020 while it is estimated that US$ 42.6 billion was invested in research and development in the pharmaceutical sector of Europe in 2020. As such, with the rising growth of the pharmaceutical sector, the global methyl sulfonyl methane market is also estimated to rise.

Global Methyl Sulfonyl Methane Market Analysis – By Geography

The North America region held the largest share with 39.1% in the global methyl sulfonyl methane market in 2021. North America has the largest pharmaceutical sector in the world, which is why the region is dominating the global methyl sulfonyl methane market. According to the Commonwealth Fund, the United States spends more than USD $10,000 per capita in the healthcare & pharmaceutical sector. This is more than two times higher than in countries like Australia, France, U.K., or Canada. Additionally, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), North America accounted for 49% of the world pharmaceutical sales in 2020. As methyl sulfonyl methane is primarily used as a dietary supplement in the pharmaceutical industry, the North America region dominates the global methyl sulfonyl methane market.

Global Methyl Sulfonyl Methane Market Drivers

The increasing demand of the pharmaceutical sector globally:

The demand for the health care & pharmaceutical sector has observed a significant growth, especially after the events of the Covid-19 pandemic. As a consequence, the demand for high-quality dietary supplements has also observed a tremendous growth following the pandemic. For instance, according to a study conducted by the American Society for Nutrition in January 2021, the dietary supplement intake of individuals in Asia rose to 71.9%, followed by a 68.7% increase in Europe during the pandemic in 2020. Additionally, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), the United States of America (USA) invested US$ 64,357 million in Research and Development (R&D) in the Pharmaceutical Industry in 2019 while Europe spent an estimated EUR 39,000 million (US$ 45,380 million) in R&D in 2020. An increasing investment in the pharmaceutical industry, as well as the growing demand for high-quality dietary supplements in the pharmaceutical sector, is driving the growth of the global methyl sulfonyl methane market within the forecast period of 2022-2027.

Substantial growth in the personal care & cosmetics industry:

In recent years, there has been a significant growth in the personal care & cosmetics industry, especially in areas such as skin care, body care and hair care. The focus on personal hygiene has seen a significant increase as the awareness for pollution and climate change is becoming more prominent worldwide. For instance, according to the International Trade Administration (ITA), the retail sales value of cosmetics in China rose to USD$ 52.3 billion in 2020, observing a steady growth in recent years, and is expected to continue growing at 6.3% by 2025. Additionally, according to Cosmetics Europe, the personal care association, the European personal care & cosmetics market was valued at USD$ 87.6 billion in 2020, which has shown steady growth from previous years. Methyl sulfonyl methane is essential in treating conditions like acne and eczema, as well as nourishing sensitive skin. As such, it is used in skin care, hair care and nail care products. Thus, the growth of the personal care & cosmetics industry is estimated to drive the global methyl sulfonyl methane market.

Global Methyl Sulfonyl Methane Market Challenges

The availability of substitutes to methyl sulfonyl methane:

As a dietary supplement, there are a number of alternatives to methyl sulfonyl methane that are as effective and sometimes more recommended than methyl sulfonyl methane. Some common substitutes include chondroitin sulphate, glucosamine sulphate, calcium, vitamin D3, and omega 3 fatty acids. All of these supplements are excellent in treating joint pains such as osteoarthritis and rheumatoid arthritis. Omega 3 fatty acids are also excellent anti-inflammatory agents and are excellent supplements for monitoring weight gain. In the personal care & cosmetics space, vitamin B12, para-aminobenzoic acid (PABA), hyaluronic acid, and collagen are excellent alternatives for methyl sulfonyl methane, when it comes to skin care, hair care and nail care. As such, the presence of alternatives in various end-use verticals can prove to be a challenge for the growth of the global methyl sulfonyl methane market within the forecast period of 2022-207.

Global Methyl Sulfonyl Methane Industry Outlook

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Global Methyl Sulfonyl Methane market. The key companies in the global methyl sulfonyl methane market are:

1. Bergstrom Nutrition, Inc.
2. Hubei Xingfa Chemicals Group Co., Ltd.
3. Yueyang Xiangmao Medicines & Chemicals Co., Ltd.
4. ZhuZhou Hansen Chemical Co Ltd.
5. Makana Produktion und Vertrieb GmbH
6. Panvo Organics Pvt. Ltd.
7. Vita Flex Nutrition
8. Chaitanya Biologicals Pvt. Ltd
9. Tianjin Baofeng Chemical Co., Ltd
10. Hangzhou Dakang New Materials Co., Ltd.

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