Press release
Demand of Chelated Minerals Market Business Strategies with International Prestigious Players Analysis
Market Size and Growth
In 2021, the global chelated minerals market was valued at approximately USD 3.57 billion. It is projected to reach USD 7.38 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period.
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Market Drivers and Challenges
Drivers:
• Rising Health Awareness: Increasing consumer awareness about micronutrient deficiencies and the benefits of chelated minerals is driving demand.
• Animal Nutrition Needs: Enhanced bioavailability of chelated minerals improves animal health and productivity, boosting their use in animal feed.
Challenges:
• High Production Costs: The chelation process involves advanced technologies, leading to higher production costs compared to inorganic minerals.
• Regulatory Hurdles: Stringent regulations regarding the use of chelated minerals in food and feed products can impede market expansion.
Market Trends
• Product Innovation: Companies are developing advanced chelated mineral products to enhance absorption and efficacy. For instance, in May 2021, Chelated Minerals launched TheChelates, fully reacted chelated minerals designed for improved absorption.
• Sustainable Agriculture Practices: There's a growing trend towards using chelated minerals in agriculture to address soil nutrient depletion and promote sustainable farming.
Competitive Landscape
The market features key players such as:
• Zinpro Corp.
• Maru Chem Industries
• Glanbia PLC
• Balchem Inc.
• Virbac
• LMF Feeds, Inc.
• Cargill, Inc.
• Alltech
• Kemin Industries, Inc.
• BASF SE
• Nutreco
• NOW Foods
• Novus International, Inc.
• Bluestar Adisseo Co., Ltd.
• Koninklijke DSM N.V.
• Phoenix Nutrition
• Archer Daniel Midland Company
• Phibro Animal Health Corporation (PAHC)
• Lehmann&Voss&Co.
• Prathista Industries Limited
These companies focus on product innovation, strategic acquisitions, and expanding their global footprint to strengthen their market positions.
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Future Outlook
The chelated minerals market is poised for significant growth, driven by increasing health consciousness, demand for effective and advancements in animal nutrition. Emerging applications in agriculture and functional foods present new opportunities for market expansion.
Key Market Study Points
• Evaluation of the bioavailability and efficacy of chelated minerals compared to inorganic counterparts.
• Assessment of regulatory frameworks affecting market dynamics.
Market Segmentation
By Product Type:
• Calcium Chelated Minerals
• Copper Chelated Minerals
• Zinc Chelated Minerals
• Chromium Chelated Minerals
• Iron Chelated Minerals
• Other Chelated Minerals
By Chelating Agent:
• Amino Acid
• Polysaccharide Complex
• Proteinate
• Others
By Application:
• Animal Feed
• Pharmaceutical
• Functional Food and Beverages
• Others
By Region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
Regional Analysis
• Asia Pacific: Dominates the market due to high production of feed and a growing focus on nutritious diets.
• North America: Significant growth driven by increased awareness of synthetic trace minerals and their benefits.
• Europe: Notable market share attributed to the demand for high-quality animal feed.
Recent Developments
• January 2019: Archer Daniels Midland Company completed the acquisition of Neovia, enhancing its capabilities in value-added products and solutions.
• August 2022: Balchem Corporation acquired Bergstrom Nutrition, expanding its human nutrition and health segment.
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