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Zinc Methionine Chelates Market Size
- 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 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.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Zinc Methionine Chelates Market Size in 2022 : | USD 12.5 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.4 % |
| 2032 Value Projection: | USD 23.4 Million |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 120 |
| Tables, Charts & Figures: | 136 |
| Segments covered: | By Form, By Application, By Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Zinc Methionine Chelates Market Scope
