Trace Minerals (Chelated) in Feed Market Outlook 2022 | Key Players are Cargill, ADM, BASF, DSM, Nutreco, Alltech, Phibro, Kemin, Zinpro, and Novus

The chelated feed trace minerals market is estimated at USD 431.2 Million in 2017 and is projected to reach USD 570.8 Million by 2022, at a CAGR of 5.8 % from 2017. In terms of volume, the market is projected to reach 128.0 KT by 2022. Chelated trace minerals play an important role in the growth and performance of the animals. Chelated trace minerals are required in small quantities but have a significant impact on the performance of the livestock. This increasing awareness about the benefits of chelated trace minerals among growers increases their usage in animal nutrition, particularly in the developed countries. The shift in dietary preferences towards a protein-rich diet, owing to health awareness and a rise in income levels among the population, drive the consumption of meat and other animal-based products. This has resulted in an increased demand for animal-based products, subsequently driving the production of livestock, which in turn, is fed using novel methods and products, ensuring an optimum nutrition level and feed conversion ratio. These factors are expected to boost the demand for chelated feed trace minerals. Increasing awareness about the precision nutrition techniques and the growth of the organized livestock sector in developing countries are other factors driving the growth of this market.

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On the basis of type, the zinc segment is projected to be the fastest-growing during the forecast period. The poultry segment is estimated to dominate the chelated feed trace minerals market on the basis of livestock through the forecast period. By form, the dry segment dominated the market in 2016. On the basis of chelate type, the amino acids segment accounted for the largest share of the chelated feed trace minerals market in 2016.

The zinc segment dominated the chelated feed trace minerals market in 2016, globally, followed by copper. Zinc and copper are known as gut conditioners. Zinc is important for protein, carbohydrate, and lipid metabolism and enzyme synthesis. Increasing bioavailability and absorption of zinc due to chelation has increased the demand for chelated zinc. Furthermore, several key players are engaged in the production of agricultural zinc chelated, which also drives its growth in the global market. Zinc is required in small but critical concentrations to allow physiological pathways of animals to function normally. Zinc deficiency is the most common problem witnessed around the globe, especially in pets, which helps drive the market for zinc chelated trace minerals. The European region accounted for the largest market share for the zinc segment in 2016, and this trend is expected to continue over the next five years.

Poultry: The fastest growing livestock in the trace minerals (chelated) in feed market

In 2016, the poultry segment accounted for the largest share of the chelated feed trace minerals market in terms of value and is projected to grow at the highest CAGR from 2017 to 2022. Chelated trace minerals provide optimum mineral nutrition to poultry birds while including fewer minerals in the formulation. These minerals help reduce the overall cost of feed as they offer maximum benefits to the birds, in lower amounts compared to the other mineral sources.

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North America is projected to be the fastest-growing regional market for trace minerals (chelated) in feed

North America is one of the largest producers of livestock and animal-based products in the world, with the US being a major producer. Growing production, as well as consumption of livestock and livestock-based products in this region, have enabled livestock producers to utilize feed with chelated trace minerals, as they are highly effective in promoting the healthier growth of animals and in improving the fertility rate. The US was the largest market for chelated feed trace minerals in North America in 2016. Furthermore, the presence of leading chelated trace minerals companies such as Cargill, ADM, DSM, BASF, and Nutreco in North America, and their continuous efforts for promoting their business in the chelated trace minerals segment through various strategies such as acquisitions and expansions are expected to drive the market for chelated feed trace minerals in this region.

This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (US), ADM (US), BASF (Germany), DSM (Netherlands), Nutreco (Netherlands), DLG Group (Denmark), InVivo (France), Bluestar Adisseo (China), Alltech (US), Phibro (US), Kemin (US), Zinpro (US), and Novus (US).

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