Chelated Minerals Market 2022 Outlook, Current and Future Industry Landscape Analysis 2032

Chelated Minerals Market Overview

The chelated minerals market is projected to register a CAGR of 7.5% during the forecast period, up from US$ 3.5 Bn in 2021 to reach a valuation of US$ 7.7 Bn by 2032.

The chelated minerals market is anticipated to show promising growth prospects during the forecast period as a result of growing competition. New competitors are offering a variety of options at reasonable pricing to fulfil the demand for chelated minerals making them more accessible to customers in the global chelated minerals market.

Chelated minerals are frequently used to treat bipolar illness, promote healthy growth, strengthen bones and muscles, and enhance the immune system. Sales of chelated minerals are increased as it is utilised as a dietary supplement by certain consumers.

Chelated minerals are organic derivatives of vital minerals such as magnesium, iron, and zinc. Chelation minerals are preferred by humans and animals over inorganic minerals, which leads to high demand for chelated minerals and considerable increases in sales of chelated minerals throughout the predicted period.

Chelated minerals have a broad range of functions, including gene expression, cell signalling, cell division, DNA and protein synthesis, animal growth and development, immune function and development, protein synthesis, reproduction, tissue and bone development, and protection against oxidative stress. As a result, the chelated minerals market is expected to increase at a favourable rate during the projected period.

Sales of chelated minerals are expected to rise significantly. In addition to this, demand for chelated minerals is rising on account of US$ 5 Bn by 2026. Increasing sales of chelated minerals are also projected to contribute to the growth of the chelated minerals market share.

Manufacturers in the chelated minerals market get a big platform from which to serve the whole demand for chelated minerals. The worldwide chelated minerals market is seeing increased competition. With growing competition, new competitors are offering a variety of options at reasonable pricing, fulfilling the demand for chelated minerals more accessible to customers.

Archer Daniels Midland (ADM), BASF SE, Koninklijke, DSM N.V., Nutreco N.V., Kemin Industries Inc., Invivo Group, China National Bluestar (Group) Co., Ltd.,   Altech Corporation are some of the leading participants owing to the highest chelated minerals market share.

What are the Key Dynamics to the Chelated Minerals Market Share?

Due to the quick shift in consumer lifestyles and the increase in their disposable income, consumers want to consume an additional amount of protein-rich diet. Additionally, demand for nutritionally complete and high-quality animal feed has grown as a result of an increase in sales of chelated minerals for animal illnesses caused by contaminated food, which drives up demand for chelated minerals.

Increased feed production and enormous potential for aquaculture, particularly in the Asia Pacific area, create excellent chances for the sales of chelated minerals market, owing to the growing need for micronutrients.

The factors mentioned above are responsible for the increased sales of chelated minerals in the chelated minerals market. Consumer knowledge of their own well-being is increasing, and as a result, consumers choose natural substances to decrease health risks, allowing them to incorporate natural products directly or indirectly into their everyday lives.

Sales of chelated minerals are increasing exponentially due to providing greater advantages than inorganic trace elements, raising the consumption. The demand for chelated minerals is expanding quickly due to the fact that they include natural components.

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Which is the Key Chelated Minerals Market?

The rising demand for chelated minerals has resulted in a significant expansion in the sales of chelated minerals followed by producers in North America. As a result, considerable chelated minerals market expansion is anticipated to reflect the sales of chelated minerals.

The chelated minerals market in North America is aided in the development and reproduction of animals, and due to a lack of minerals, humans consume them in liquid and solid form, directly or indirectly, which aids in the absorption of other metals as well.

Additionally, manufacturers of it might expand their market potential by flustering sales of chelated minerals in emerging markets such as Asia. Because of the huge demand for chelated minerals in animal feed, they are also in demand by consumers in nutritional supplements, where producers may readily position their product in the chelated minerals market. These are the reasons cited for the increased demand for chelated minerals.

How Strong is the Competition in the Chelated Minerals Market?

Archer Daniels Midland (ADM), BASF SE, Koninklijke, DSM N.V., Nutreco N.V., Kemin Industries Inc., Invivo Group, China National Bluestar (Group) Co., Ltd.,   Altech Corporation are some of the leading participants in the chelated minerals market.

Recent developments of the Chelated Minerals Market:

  • BASF SE enhanced its value chain for chelating agents in Ludwigshafen, Germany, in June 2019 by establishing a manufacturing facility to expand chelated minerals market share in the European area.
  • Nouryon came signed a deal with Itaconix Corporation (UK) in January 2019 to market and distribute bio-based polymers having chelating characteristics.
  • Vallagro S.P.A. worked with Marrone Bio Innovations (Davis, CA, US) on a research project in July 2019 that resulted in the combination of microorganisms and plant nutritional products to boost crop yield and quality.
  • In April 2018, Nouryon (formerly known as AkzoNobel Specialty Chemicals) announced a collaboration agreement with INEOS Nitriles that will enable AkzoNobel to expand its production of biodegradable chelates used in detergents and other industries by utilising one of INEOS Nitriles’ chemical products.

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Segments covered Form, product type, chelated agent, application, region
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
Key companies profiled Archer Daniels Midland (ADM), BASF SE, Koninklijke, DSM N.V., Nutreco N.V., Kemin Industries Inc., Invivo Group,  China National Bluestar (Group) Co., Ltd.,   Altech Corporation and other.
Customization scope Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail of customized purchase options to meet your exact research needs.

Key Segments For Chelated Minerals Market

By Form:

  • Liquid
  • Powder

By Product Type:

  • Copper
  •  Zinc
  • Chromium
  • Calcium
  • Iron
  • Potassium
  • Manganese
  • Selenium
  • Blended
  • Molybdenum
  • Other minerals

By Chelating Agent:

  • Amino acid
  • Polysaccharide complex
  • Potentiate

By Application:

  • Animal feed
    • Ruminant
    • Swine
    • Poultry
    • Aquaculture
    • Others
  • Dietary supplement
  • Pharmaceutical
  • Functional food and Beverages
  • Others

By Region:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil)
  • Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
  • Oceania (Australia, New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)

 

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