Chelated Trace Minerals Market Outlook

According to the MRFR analysis, Chelated trace minerals market reached a value of USD 3.5 billion in 2022 and is expected to reach USD 6.766 billion by 2032. This translates to a significant compound annual growth rate (CAGR) of 7.60% over the forecast period (2023-2032)

Rising Consumer Demand for Quality Animal Products: Consumers are increasingly seeking high-quality meat, eggs, and dairy products. Chelated trace minerals play a crucial role in achieving this by promoting optimal animal health, growth, and performance.

Improved Bioavailability: Chelated trace minerals offer superior absorption compared to traditional inorganic forms. This ensures animals receive the essential nutrients they need for optimal health.

Precision Feeding Practices: The growing adoption of precision feeding approaches in animal agriculture is driving demand for chelated trace minerals. These targeted feeding methods allow for the precise delivery of essential nutrients, maximizing animal health and productivity.

Competitive Landscape

The high competition among the players have encouraged the players to produce quality products in the market. In order to build new and quality products, numerous companies benefit from mergers, acquisitions, and product development. To preserve their positions and broaden their geographic reach, the players in the worldwide chelated trace minerals market are using a variety of strategies, including expansion, mergers and acquisitions, alliances, joint ventures, and expansion. To gain the largest possible market share, expansion was the growth strategy that was most frequently used by market participants.

There are numerous international, chelated trace minerals market national, and regional players in the worldwide chelated trace minerals industry. There is a lot of competition in this sector, and everyone is trying to increase their portion of customers' wallets. When comparing prices and quality, as well as product availability across regions, different suppliers will use different metrics. In order to be competitive, suppliers must offer reasonably priced, high-quality chelated trace minerals. Market and economic conditions, government laws, and technological progress all affect how quickly and how large market actors can expand. As a result, businesses in this sector need to concentrate on increasing output and refining their offerings to keep up with consumer demand. These companies are investing heavily in creating new products. Although worldwide companies account for the vast majority of sales, smaller regional and local firms are also present.

Segmentation

By Type

Zinc: Zinc is one of the eleven trace minerals that play a vital role in supporting several biological functions and is one of the key requirements for the production of insulin, DNA, RNA, and several other enzymatic reactions. The trace mineral, Zinc is responsible for the facilitation of immune response, protein synthesis, hair maintenance, and the repair & renewal of cells. Chelated zinc is a form of mineral designed for the better absorption of zinc across the digestive tract. The other significant benefits of chelated zinc use include healthy skin, better connective tissue, and prostate function. Amino acids & organic acids are the major chelating agents used in the development of zinc-chelated trace minerals.

Iron: Iron is an essential mineral for the formation of hemoglobin and myoglobin in the blood. It also plays a key role in chloroplast synthesis and maintenance in plants. Iron chelates are a type of organic trace mineral used as a supplement for growth and development in humans and plants. The chelated form of the mineral aids in the prevention of iron deficiency condition, anemia and are available in tablet forms for human consumption. A similar condition in plants is referred to as iron chlorosis, where the plants cannot absorb iron from the soil. The iron chelates also aid in enhancing the solubilization and transport of iron from soil to roots.

Cobalt: Cobalt chelates are vital for the better metabolism and growth of plants at various development stages. It enhances the protein content and boosts the yield of the plants apart from nitrogen fixation ability. In animal feed, the mineral is used against anemia, to overcome infertility, boost growth rates through increasing the appetite, and facilitate the general health of the animal.

Copper: Copper as a mineral plays several functions in the human body and is one of the key minerals that’s found in various parts of the biological systems. It aids in the development of collagen, the nervous system, and melanin pigment in the skin and bones. Copper Chelators are a type of chelated trace mineral that is majorly used in the treatment of Wilson’s disease and Menke's disease. The other functions of the copper chelators in the human health system include the promotion of the formation of connective tissues, enhanced absorption of the metal, aids in cellular metabolism, etc.

Chromium: Chromium is one of the trace minerals which is required for insulin action in the body's biological system, supporting the metabolism of carbohydrate, protein, and fat that enters the digestive system. The chelated form of chromium shows better bioavailability than the non-chelated chromium supplements like chromium chloride. The chromium chelates are majorly used for weight management, stress management, and blood sugar management. Picolinic acid and glycine are two of the commonly used chelating agent used. The increasing demand for chromium supplements for weight loss and diabetes treatment is expected to drive the growth of the segment.

Others: The others segment includes chelated trace minerals containing selenium, manganese, fluoride, molybdenum, and iodine. Selenium is an important class of minerals that has a significant role in 24+ protein types in the body. Chelated selenium promotes the antioxidant enzyme – glutathione peroxidase and increases the antioxidant reserves in the body. Also, it helps in maintaining the inflammatory balance, assists prostate health and cardiovascular health, etc. It is also being used as an ingredient in nutritional snack manufacturing.

By Chelating Agent

Amino Acid: Amino acids are the basic building blocks of proteins in all forms of living organisms. The benefits of using amino acids as chelating agents include reduced cost owing to better performance at a small amount of the acid, increased crop output, long shelf life, and reduced pesticidal residue. Glycine, Lysine, Monomethionine, Methionine, and aspartic acid are the amino acids used in chelation and glycine is the most commonly used amino acid. In plants, the chelation of trace minerals with amino acids has boosted the mineral translocation within the plant systems and enhanced absorption efficiency.

Polysaccharide Complex: Polysaccharide complex trace minerals are a type of chelated trace minerals formed by a combination of the metal ion with a carbohydrate molecule, a polysaccharide. Polysaccharide complexes are formed by coating the ion with the molecules and when consumed get broken down into simple sugars that are easily soluble in the gut.

Proteinate: Metal proteinate is a type of chelated mineral that has a protein carrier as the chelating agent for the metal ions. The short-chain peptides and amino acids generated from hydrolyzed soy proteins serve as the protein carriers. The two factors that impact the stability of the proteinates are the hydrolysis efficiency and the selection of enzymes.

Others: The other segment includes propionates and yeast derivative complexes. Metal propionates are manufactured by the combination of metals and propionic acid. The unique feature of the propionates compared to other chelating agents is their high solubility, which can completely disassociate in solution and optimal absorption in the animal body.

By Application 

Animal Feed: Chelated trace minerals market are extensively used as an ingredient in the feeds and diets of various animals including cows, dogs, birds, pigs, horses, aqua species, etc. Owing to the low bioavailability of trace minerals in inorganic forms, interactions with other feed components, formation of large and insoluble molecules, and instability of the minerals in the digestive tract of the animals trace mineral chelates are being used in animal feed. In addition, the use of organic trace minerals in animal feed reduced the mineral emissions in the environment and thus promotes sustainability in animal agriculture. Animal absorption of trace mineral chelates is better than the inorganic chelates and trace minerals are required in smaller amounts. Thus, over-supplementation is avoided with the use of organic trace minerals in animal feed.

Dietary Supplements: The presence of trace minerals holds a vital position in various metabolic processes. Trace minerals are used for the treatment of various mineral deficiencies and related health diseases. Though natural chelation occurs in the digestive tract, only a small proportion of it gets chelated making its bioavailability less for the intended functions. The chelated form of these minerals helps in better absorption and boosts efficiency.

Pharmaceutical: In pharmaceutical applications, chelated trace minerals are used for treating various diseases in animals and are incorporated through fortification. For instance, FERTIGRIP Bolus is a tablet for bovine animals that are developed using chelated trace minerals and coated vitamins fortified with bioactive chromium and beta-carotene.

Fertilizer: Micronutrient is a key requirement for the growth and development of plants. Better management of nutrients ensures an enhanced crop output. Most of the trace minerals in the soil including iron, manganese, and zinc get readily oxidized which reduces their availability for the plants. To overcome this issue, farmers and home gardeners are increasingly using chelated trace mineral fertilizers by improving bioavailability.

Others: The others segment includes cosmetics and water softeners. Cosmetics products like creams, shampoos, conditioners, lotions, etc., and amino acids (EDTA) are the major chelating agent used in these products. Zinc chelates are one of the most commonly used in shampoos, as it supports hair growth.

By Region

North America: The growing need for precision trace minerals as an ingredient in animal feed is expected to create opportunities for the players involved in the production of animal feed chelated trace minerals in the US during the forecast period. In addition, the increasing focus on sustainable animal production practices in the countries in the region by players and end users is driving the growth of the market.

Europe: The increasing production and consumption of poultry meat, protein-rich pork meat, and dairy products coupled with the growing utilization of chelated trace minerals in animal feed for better growth, quality, and productivity of the animals are expected to drive the growth of the market in the region.

Asia-Pacific: The increasing demand for pork and the shift to chelated trace minerals user in livestock feed & nutrition is expected to create opportunities for the players in the market during the forecast period. In addition, countries in the region including China, India, Vietnam, Indonesia, and the Philippines account for a significant share of global poultry meat production and are expected to show an increasing trend in growth.

Rest of the World: The rest of the world market is showing consistent growth during the forecast period. The increasing demand for livestock production coupled with antimicrobial bans on animal feed is expected to drive the growth of the market in the region.         

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