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Zinc Methionine Chelates Market Analysis

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

Zinc Methionine Chelates Market Analysis

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

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

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.

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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