Methylsulfonyl Methane Market

Methylsulfonyl Methane Market Outlook (2023 to 2033)

Newly-released methylsulfonyl methane market analysis report by Fact.MR reveals that global sales of Methylsulfonyl Methane Market in 2022 were held at US$ 217.6 million. With a projected growth of 5.5% from 2023 to 2033, the market is expected to reach a valuation of US$ 389 million by the end of forecast period.

Nutritional Supplement is expected to be the significant revenue-generating type in the market, which is projected to grow at a CAGR of over 5.3% from 2023 to 2033.

Attributes	Details
Global Methylsulfonyl Methane Market Size (2022)	US$ 217.6 million
Global Methylsulfonyl Methane Market Size (2033)	US$ 389 million
Global Methylsulfonyl Methane Market CAGR (2023 to 2033)	5.5%
U.S. Methylsulfonyl Methane Market CAGR (2023 to 2033)	4.4%
Key Companies Covered	Bergstrom Nutrition Hubei Xingfa Chemicals Group Co., Ltd. Yueyang Xiangmao Medicines & Chemicals Co., Ltd. ZhuZhou Hansen Chemical Co Ltd. Makana Produktion und Vertrieb GmbH Panvo Organics Pvt. Ltd. Chaitanya Agro Bio-tech Pvt. Ltd. Tianjin Baofeng Chemical Co., Ltd. Hangzhou Dakang New Materials Co., Ltd.

Revenue of Methylsulfonyl Methane Market from 2018 to 2022 Compared to Demand Outlook for 2023 to 2033

As per the research of the Methylsulfonyl Methane Market by Fact.MR - a market research and competitive intelligence provider, historically, from 2018 to 2022, the market value increased at around 4.6% CAGR. With an absolute dollar opportunity of US$ 161.3 million, the market is projected to reach a valuation of US$ 389 million by 2033.

What are the Key Drivers Influencing the Market Expansion?

Methylsulfonyl methane (MSM) is a naturally occurring sulfur compound found in many foods, as well as in certain plants and animals. MSM is a white, crystalline powder which is soluble in water and has a slightly bitter taste. It is commonly used as a dietary supplement and is available in various forms, including capsules, tablets, powders, and creams.

MSM is known for its potential health benefits, particularly for joint health, skin health, hair and nail health, and exercise recovery. It is believed to have anti-inflammatory, antioxidant, and detoxification properties, and may also support allergy relief.

Global dietary supplements sales in 2018 was valued at around US$ 123 billion, while in 2020 it increased to reach around US$ 140 billion. Growing awareness among consumers about the importance of health and wellness has led to rising demand for dietary supplements and nutraceuticals.

Methylsulfonyl Methane (MSM) is commonly used as a dietary supplement. MSM is known for its potential health benefits, such as reducing inflammation, supporting joint health, and improving skin, hair, and nail health. As people are becoming more health-conscious, the demand for MSM in various forms, such as capsules, tablets, and powders, is increasing, which is driving the expansion of MSM market.

In 2018, the global population aged 60 and over was estimated to be around 962 million, comprising around 13% of the total global population. While in 2020, the global population aged 60 and over was around 1.04 billion, comprising approximately 13.5% of the total global population. The global population is aging, and with aging comes a higher prevalence of age-related health issues, such as joint pain, arthritis, and osteoporosis. MSM is believed to have anti-inflammatory and analgesic properties that can help in managing such conditions. As the aging population continues to increase, the demand for MSM as a dietary supplement to support joint and bone health is expected to grow, this helps towards the growth of methylsulfonyl market in the forthcoming years.

Region-Wise Analysis :

Which Region is projected to Offer Significant Market Growth?

North America is a prominent shareholder in the market with a market size of US$ 85.08 million in 2022 and is estimated to reach US$ 89.03 million in 2023. It is projected that the region will have a market worth US$ 152.09 million by 2033.

According to the Canadian Health Food Association, the retail sales of natural health products, which include nutritional supplements, in Canada were around US$ 3.25 billion in 2019 and US$ 3.10 billion in 2018, representing a slight increase from the previous year. Consumers are increasingly seeking natural and organic products due to concerns about the potential side effects of synthetic ingredients. MSM is a naturally occurring compound and is used in nutritional supplements; which is expected to drive the market growth in the upcoming years.

Country-Wise Analysis :

United States Methylsulfonyl Methane Market Analysis :

The market in the United States is expected to grow to be worth US$ 118.6 million by 2033, with an absolute dollar growth of US$ 41.4 million from 2023 to 2033. The market in the United States has grown at a CAGR of 3.2% from 2018 to 2022 and is expected to grow at a CAGR of 4.4% from 2023 to 2033.

In 2018, the population of people aged 65 and older in the United States was around 52.4 million, accounting for about 16% of the total population. And in 2022, the number of people aged 65 and older in the United States increased to over 58.8 million, accounting for about 17% of the total population. The growing aging population in the United States increases the prevalence of age-related health issues, such as joint pain, arthritis, and osteoporosis. MSM has anti-inflammatory and analgesic properties that can help in managing such conditions. This is expected to influence the market growth in the forthcoming years.

United Kingdom Methylsulfonyl Methane Market Analysis :

The market in United Kingdom is expected to grow to be worth US$ 19.7 million by 2033, with an absolute dollar growth of US$ 7.2 million. The market in the country has grown at a CAGR of 3.5% from 2018 to 2022 and is expected to grow at a CAGR of 4.7% from 2023 to 2033.

In 2019, dietary supplement sales in the United Kingdom were valued at around US$ 1.75 billion, and in 2018, it was around US$ 1.50 billion, with an expected CAGR of 3.3% during the forecast period. Growing awareness among consumers about the importance of health and wellness has led to the rising demand for dietary supplements, which includes MSM. MSM is known for its potential health benefits, such as reducing inflammation, supporting joint health, and improving skin, hair, and nail health. The increasing demand for dietary supplements helps for the market expansion in the upcoming years.

China Methylsulfonyl Methane Market Analysis :

In China, the market is expected to grow to be worth US$ 33.7 million by 2033 with an absolute dollar growth of US$ 15.7 million. The market in the country has grown at a CAGR of 6.1% from 2018 to 2022 and is expected to grow at a CAGR of 6.5% from 2023 to 2033.

In 2018, the total retail sales of cosmetics in China was valued at around US$ 54 billion, and in 2019, it increased from the previous year to about US$ 58.6 billion. MSM is also used in personal care and cosmetic products due to its potential benefits for skin health. MSM is believed to help improve skin texture, reduce hyperpigmentation, and promote collagen synthesis. As the demand for natural and organic personal care and cosmetic products is on the rise, this is expected to influence the market growth in the forthcoming years.

Japan Methylsulfonyl Methane Market Analysis :

In Japan, the market is expected to grow to be worth US$ 28.5 million by 2033 with an absolute dollar growth of US$ 10.9 million. The market in the country has grown at a CAGR of 3.9% from 2018 to 2022 and is expected to grow at a CAGR of 4.9% from 2023 to 2033.

The demand for natural and organic products has been growing in Japan, as consumers increasingly seek products that are perceived as safer, more environmentally friendly, and healthier for personal use. For instance, in 2019, the natural and organic cosmetics sales were valued at around US$ 1.3 billion. Skincare products, including facial care, body care, and hair care products, were among the most popular categories of natural and organic cosmetics in Japan. MSM is used as natural and organic ingredients in the cosmetics; which is expected to influence the market growth in the future.

South Korea Methylsulfonyl Methane Market Analysis :

The market in South Korea is expected to grow to be worth US$ 15.9 million by 2033, with an absolute dollar growth of US$ 6.9 million. The market in South Korea has grown at a CAGR of 5.4% from 2018 to 2022 and is expected to grow at a CAGR of 5.9% from 2023 to 2033.

In 2018, the dietary supplements sales were valued at around US$ 2 billion, and in 2019, the sales reached around US$ 2.5 billion. Consumers shifted towards a healthy lifestyle and they are widely using dietary supplements. MSM is a natural and organic ingredient used in dietary supplements. MSM is known for its potential health benefits, such as reducing inflammation, supporting joint health, and improving skin, hair, and nail health. The rising demand for dietary supplements helps towards the market growth.

Category-Wise Insights

Through Which Application is Methylsulfonyl Methane is projected to Witness Significant Growth?

The market through nutritional supplement is expected to witness significant growth with a projected CAGR of 5.3% from 2023 to 2033. Methylsulfonyl Methane (MSM) is a naturally occurring compound that is commonly used as a dietary supplement. It is known for its potential health benefits, such as reducing inflammation, improving joint health, and supporting healthy skin, hair and nails.

The nutritional supplement segment is projected to witness significant growth in the MSM market due to increasing awareness about health and wellness, aging population and joint health concerns, sports nutrition and active lifestyle trends, rising preference for natural and organic products, and the increasing availability of MSM-based products in different forms.

Through which End-use Industry the Market is projected to Witness Significant Growth?

Pharmaceutical industry is expected to witness significant growth with a projected CAGR of 5% from 2023 to 2033. MSM may be used as an ingredient in some topical formulations or medicinal products, particularly in dermatology and skin care products. MSM's potential anti-inflammatory and antioxidant properties may make it useful in formulations for various skin conditions, such as eczema, dermatitis, and acne. It may also be used in wound care products due to its potential wound healing properties. Owing to this, the market through pharmaceutical industry is projected to witness significant growth.

Competitive Analysis :

Key players in the market are Bergstrom Nutrition, Hubei Xingfa Chemicals Group Co., Ltd., Yueyang Xiangmao Medicines & Chemicals Co., Ltd., ZhuZhou Hansen Chemical Co Ltd., Makana Produktion und Vertrieb GmbH, Panvo Organics Pvt. Ltd., Chaitanya Agro Bio-tech Pvt.ltd., Tianjin Baofeng Chemical Co., Ltd, and Hangzhou Dakang New Materials Co., Ltd.

A few of the recent developments in the market are :

• In August 2022, Balchem Corporation, a global specialty Chemicals Company focused on Nutrition and Health, announced the purchase of Cardinal Associates Inc., which operates as "Bergstrom Nutrition," a premier science-based maker of methylsulfonylmethane.
• In February 2020, NutriScience Innovations, a distributor of nutraceutical ingredients, acquired the exclusive distribution rights for MSM produced by Italy-based company Sumitomo Chemical Italia S.p.A.

Segmentation of the Methylsulfonyl Methane Market :

• By Form :

  • Solid
  • Liquid

• By Mesh Size :

  • 0-50
  • 50-100
  • 100-150
  • 150-200
  • Others

• By Application :

  • Nutritional Supplement
  • Solvent for PVC/PAN
  • Film Deposition
  • Lithium Battery Production

• By End-use Industry :

  • Food & Beverage
  • Pharmaceutical
  • Personal Care & Cosmetic

• By Region :

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa