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Zinc Methionine Chelates Market Size - By Form (Powder, Liquid, Granules), By Application (Food and Beverages, Pharmaceuticals and Dietary Supplements, Animal Feed Industry) & Global Forecast 2023 – 2032

  • Report ID: GMI6344
  • Published Date: Jul 2023
  • Report Format: PDF

Zinc Methionine Chelates Market Size

Zinc Methionine Chelates Market size was valued at USD 12.5 million in 2022 and is anticipated to record more than 6% CAGR between 2023 and 2032. The increasing awareness of the benefits of organic trace minerals in animal nutrition, such as improved growth, immunity, and reproductive performance will be contributing to the market expansion. Furthermore, stringent regulations limiting the use of inorganic zinc sources in feed formulations have further propelled the adoption of zinc methionine chelates.
 

Zinc Methionine Chelates Market

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Zinc Methionine Chelates Market Growth Drivers & Restraints

The rising demand for high-quality animal protein products is one of the key factors driving the adoption of organic trace minerals like zinc methionine chelates to improve livestock and poultry health and performance. Additionally, increasing consumer awareness of food safety and quality escalates the need for healthier and safer animal feed formulations. The restraints such as high production costs and limited availability of raw materials may hinder market progress.
 

Zinc Methionine Chelates Market Trends

The increasing preference for organic and bioavailable trace mineral supplements in animal nutrition will boost the adoption of zinc methionine chelates over inorganic zinc sources. In addition, the expansion of the livestock and poultry industries, propelled by growing global meat consumption, is fueling the demand for effective and safe feed additives to enhance animal health and productivity. According to the OECD-FAO Agricultural Outlook 2021-2030, the global meat supply is poised to reach over 374 Mt by 2030. Ongoing research and development efforts are focused on optimizing chelation techniques and exploring the benefits of chelated zinc in novel animal feed applications, which may further propel market growth.
 

Zinc Methionine Chelates Market Analysis

Zinc Methionine Chelates Market Size, By Product,

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Powder form zinc methionine chelates industry size is set to expand at a commendable pace by 2032, due to its ease of handling and incorporation into animal feed formulations. The powder form offers better mixing and dispersion in feed, ensuring uniform distribution of the essential nutrient. Moreover, it provides enhanced stability and prolonged shelf life compared to other forms, making it a preferred choice for livestock and poultry producers seeking efficient and convenient supplementation of zinc in animal nutrition.
 

Zinc Methionine Chelates Market Revenue Share (%), By Application

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Animal feed industry applications held over 35% share of the zinc methionine chelates market in 2022. The demand for zinc methionine chelates in the animal feed industry is increasing due to its superior bioavailability and effectiveness in enhancing animal health and performance. Zinc methionine chelates are gaining traction as a preferred organic trace mineral supplement, ensuring optimal growth, immunity, and reproductive performance in livestock and poultry. By incorporating zinc methionine chelates into feed formulations, livestock and poultry producers can optimize the nutritional content and overall health of their animals, creating a favorable environment for industry growth.
 

North America Gold Plating Chemicals Market Size

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North America zinc methionine chelates market valuation crossed USD 4.3 million in 2022. The region's growing awareness of the benefits of organic trace mineral supplementation in animal nutrition is driving the adoption of chelated zinc sources. Additionally, the rising demand for high-quality meat and dairy products is spurring livestock and poultry producers to seek advanced nutritional solutions, further boosting market growth.
 

According to the OECD-FAO Agricultural Outlook 2021, meat production in North America is likely to increase by 6% by 2030.  The eco-friendly nature and reduced environmental impact of zinc methionine also make it a favored choice for sustainable agricultural practices, leading to a surge in demand among producers and consumers focused on sustainability in animal health and food production.
 

Zinc Methionine Chelates Market Share

  • NOVUS INTERNATIONAL
  • Balchem Inc.
  • Zinpro Corporation
  • Global Animal Products Inc.
  • Tanke Biosciences Corporation
  • Phibro Animal Health Corporation
  • QualiTech Corp.
  • Pancosma

are some of the major participants in the zinc methionine chelates market. These players concentrate on strategic partnerships, new product launches, and commercialization efforts for market growth. Furthermore, they make huge investments in research & development to launch advanced products and gain maximum market revenue.
 

Zinc Methionine Chelates Industry News

  • June 2023 – Novus International, Inc announced its venture into intelligent nutrition, a series of smarter solutions for farmers worldwide. As part of the move, the company will refocus its efforts on solutions that can help customers address challenges in animal production, including its current portfolio of organic bis-chelated trace minerals, enzymes, amino acids, and more. This change indicates the firm’s commitment to delivering solutions crafted with the help of advanced technologies and global scientific research.
     

This market research on zinc methionine chelates report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2018 to 2032, for the following segments:

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Market, By Form

  • Powder
  • Liquid
  • Granules
  • Others

Market, By Application

  • Food and Beverages
  • Pharmaceuticals and Dietary Supplements
  • Animal Feed Industry
  • Others

The above information is provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Indonesia
    • Malaysia 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of zinc methionine chelates reached USD 12.5 billion in 2022 and is projected to grow at over 6% CAGR between 2023 to 2032, due to rising awareness and high demand for high quality protein products worldwide.
The animal feed application segment held approximately 35% share of the zinc methionine chelates market in 2022 and will see expansion through 2032, due to the increasing preference for organic trace mineral supplements.
North America zinc methionine chelates industry crossed USD 4.3 million in 2022 due to the growing awareness and surging demand for advanced nutritional solutions in the region.
NOVUS INTERNATIONAL, Balchem Inc., Zinpro Corporation, Global Animal Products Inc., Tanke Biosciences Corporation, Phibro Animal Health Corporation, QualiTech Corp., and Pancosma are some of the major participants in the industry.

Zinc Methionine Chelates Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 136
  • Countries covered: 18
  • Pages: 120
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