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Zinc Methionine Chelates Market Size

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

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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.

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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.

Zinc Methionine Chelates Market Report Attributes
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:	Focus on Animal Health and Welfare Government Regulations and Guidelines Expanding application in food industry Livestock Disease Management
Pitfalls & Challenges:	Competition from Alternative Feed Additives Cost Considerations Environmental Concerns

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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.