The chelated feed trace minerals market was valued at USD 408.3 Million in 2016 and is projected to reach USD 570.8 Million by 2022, growing at a CAGR of 5.8 % from 2017, in terms of value. In terms of volume, the market is projected to reach 128.0 KT by 2022. The objectives of this study are to define, segment, and project the size of the chelated feed trace minerals based on type, livestock, chelate type, form, and key regions.
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Standardization of meat products owing to disease outbreaks and increasing awareness about precision nutrition techniques to improve meat quality have led to the increased consumption of chelated trace minerals. Furthermore, growth in livestock production followed by an increase in the number of animal-based products and continuous rise in meat consumption are other factors driving the global chelated feed trace minerals feed market.
The zinc segment dominated the chelated feed trace minerals market in 2016, globally, followed by copper. Zinc and copper are known as gut conditioners. Zinc is important for protein, carbohydrate, and lipid metabolism and enzyme synthesis. Increasing bioavailability and absorption of zinc due to chelation has increased the demand for chelated zinc. Furthermore, several key players are engaged in the production of agricultural zinc chelated, which also drives its growth in the global market. Zinc is required in small but critical concentrations to allow physiological pathways of animals to function normally. Zinc deficiency is the most common problem witnessed around the globe, especially in pets, which helps drive the market for zinc chelated trace minerals. The European region accounted for the largest market share for the zinc segment in 2016, and this trend is expected to continue over the next five years.
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North America is one of the largest producers of livestock and animal-based products in the world, with the US being a major producer. Growing production, as well as consumption of livestock and livestock-based products in this region, have enabled livestock producers to utilize feed with chelated trace minerals, as they are highly effective in promoting the healthier growth of animals and in improving the fertility rate. The US was the largest market for chelated feed trace minerals in North America in 2016. Furthermore, the presence of leading chelated trace minerals companies such as Cargill, ADM, DSM, BASF, and Nutreco in North America, and their continuous efforts for promoting their business in the chelated trace minerals segment through various strategies such as acquisitions and expansions are expected to drive the market for chelated feed trace minerals in this region.
This report studies marketing and development strategies, along with the product portfolios of leading companies such as Cargill (US), ADM (US), BASF (Germany), DSM (Netherlands), Nutreco (Netherlands), DLG Group (Denmark), InVivo (France), Bluestar Adisseo (China), Alltech (US), Phibro (US), Kemin (US), Zinpro (US), and Novus (US).
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