What is Chelated Mineral?
Minerals although are very beneficial to the body and animals but are difficult to get completely absorbed by the body, thus chelated minerals are introduced. This help in increased absorption of the minerals by the body. This minerals primarily boost the absorption rate of the minerals by the body. Few of the chelating agents include amino acids, Proteinate and Polysaccharide Complex, with amino acids accounting for largest market share. There are various chelated minerals such as zinc chelated minerals, copper, calcium, chromium and others. Currently, dietary supplements and animal feed are accounting for one the largest market share although functional food and beverages have exciting potential to offer. Geographically, Asia Pacific is expected to emerge as largest market of chelated minerals.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Balchem Corporation (United States), EW Nutrition GmbH (Germany), BASF SE (Germany), Archer Daniels Midland (United States), Koninklijke DSM N.V. (Netherlands), Cargill (United States), Kemin Industries Inc. (United States), Nutreco N.V. (Netherlands), Invivo Group (France) and Alltech Corporation (United States) |
CAGR | 6.7% |
The Global Chelated Mineral market is expected to see growth rate of 6.7% and may see market size of USD5.6 Million by 2028.The Market is currently pegged at USD3.23 Million. The study covers a detailed analysis segmented by key business segments i.e. by type (Calcium Chelated Minerals, Copper Chelated Minerals, Zinc Chelated Minerals, Chromium Chelated Minerals, Iron Chelated Minerals and Other Chelated Minerals) , by application (Animal Feed, Dietary Supplement, Pharmaceutical, Functional Food and Beverages and Others) and major geographies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Chelated Mineral market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Chelated Mineral market report suggests strategies that Vendors can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Vendors, some of them are Balchem Corporation (United States), EW Nutrition GmbH (Germany), BASF SE (Germany), Archer Daniels Midland (United States), Koninklijke DSM N.V. (Netherlands), Cargill (United States), Kemin Industries Inc. (United States), Nutreco N.V. (Netherlands), Invivo Group (France) and Alltech Corporation (United States).
Market Overview:
In 2021, EW Nutrition GmbH, a German animal nutrition company has announced acquisition of Novus International’s Feed Quality and Pigments business. The acquisition will include brands such as SURFACEfeed mill processing aid, Santoquin feed preservative, and Agrado feed ingredient. The deal will enable EW nutrition to better serve its customers, increasing both its geographical presence and product portfolio.
Chelated mineral research and technologies for human, animal, and plant health are being conducted by leading companies. Mineral chelates of high purity are manufactured in advanced facilities. Albion Minerals, for example, is a leading brand of chelated minerals for premium human nutrition products from Balchem. The company combines science and unique technology to create an organic molecule that the human body can easily absorb.
Influencing Trend:
Amino Acids Account for One of the Largest Market Share as Chelated Agents
Market Growth Drivers:
Growth in Food and Beverages Industry and Rising Popularity of Nutraceutical Products
Challenges:
Less Awareness about the Benefits of the Product
Restraints:
Presence of Counterfeit and Adulterated Products
Opportunities:
Functional Food and Beverages Segment will have High Potential and Zinc Chelated Minerals are growing in Popularity in Developing Countries
Key highlights of the Global Chelated Mineral market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Chelated Mineral market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Chelated Mineral market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Vendors
Comprehensive information about factors that will challenge the growth of Chelated Mineral Vendors
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Chelated Mineral market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Chelated Mineral market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Chelated Mineral Manufacturers, Suppliers and Distributors, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.