The zinc methionine chelates market was valued at US$ 13.6 Million in 2022 and is anticipated to increase at a CAGR of 6.8% over the course of the forecast period to reach US$ 26.2 Million by 2032.
Consumer awareness of nutritional needs and deficiencies in animals is expected to drive feed additive consumption, which is expected to drive demand for zinc methionine chelates.Trace minerals such as zinc and amino acids are the primary raw materials used in the production of chelates.
Technological advancements that enable efficient production, product portfolio expansion, sophisticated design and packaging, effective operational maintenance, and sales monitoring are
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key growth drivers in the zinc methionine chelates market.
+ Zinc promotes protein synthesis and improves the properties of defense enzymes.Sales of zinc methionine chelateare expected to increase because zinc deficiency can cause poor growth, loss of appetite, and a low reproductive rate in animals.
Due to the increased consumption of meat and meat products, zinc methionine chelates manufacturers are looking for disease-free and high-quality raw materials. This factor is expected to provide the zinc methionine chelates market with lucrative growth opportunities.
Compliance with stringent regulations and varying standards around the world, growing competition, inflation in key nations, and fluctuating raw material prices are some of the zinc methionine chelates market restraints over the forecast period.
Key Takeaways from Market Study
- The zinc methionine chelates market share is worth of US$ 13.6 Mn sales in 2022.
- The zinc methionine chelates market size is expected to expand at CAGRs of 8% through 2032.
- Demand for zinc methionine chelates is projected to grow year-on-year (Y-o-Y) growth of 6%in 2022.
- The zinc methionine chelates market is growing with a notable boost towards the production to reach USD 26.2 Mn by 2032.
- Demand for zinc methionine chelates grew at 7% CAGR between 2017 and 2021.
- Zinc methionine chelates with powdered form segment are in heavy demand from animal feed industry carrying a notable market share.
“Zinc methionine chelates, having several vital health benefits including helping in DNA synthesis, proper immune system functions, and cell growth, can be easily absorbed by body and meet the needed performance among animals. Key brands operating in the market are focusing on innovative and cutting-edge performance technologies to launch new lines products having accurate pH value, precise composition, long shelf life, easy to use, and excellent curing ability.”-Future Market Insights Analyst.
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Competitive Landscape
Key zinc methionine chelates brands are looking for new strategic partnerships to develop applications of the product in different end use industries including animal feed, food and beverage industry. Core business brands are focusing on product development to offer high quality solutions to customers with several product innovations.
Zinpro Corporation, Balchem Inc., Novus International, Titan Biotech Ltd., and American Elements are expected to be the top players in the zinc methionine chelates industry.
- On 18th August 2021, the leading provider of animal nutrition solutions Zinpro Corporation received OMRI certifications (Organic Materials Review Institute) for its Performance Minerals products under ProPath® in the United States. The products include ProPath Zn, ProPath Cu, ProPath Mn, and ProPath Fe.
- Bioplex Aqua Boost, the latest addition to Alltec’s line of mineral management solutions, will be available in April 2021. Bioplex Aqua Boost is also a water-soluble organic trace mineral and macromineral pack that has been chelated and is highly bioavailable. Each of the ten essential minerals found in this one-of-a-kind product is required for shrimp and fish development and productivity.
- Mar 2021: Balchem Corporation expanded its geographical reach by expanding its manufacturing facility in Covington, Virginia, to meet rising demand for animal nutrition and health nutrients. As a result of this capacity expansion, the company expects to double its production of major nutrients used in animal nutrition and health markets around the world.
Explore More Valuable Insights
Future Market Insights, in its new report, offers an impartial analysis of the global zinc methionine chelates market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on form (powder, liquid, granules, and others), by application (food and beverages, pharmaceuticals and dietary supplements, animal feed industry, and others), across seven major regions of the world.
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