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Zinc Methionine Chelates Market Trends

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

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Zinc Methionine Chelates Market Trends

The increasing preference for organic and bioavailable trace mineral supplements in animal nutrition will boost the adoption of zinc methionine chelates over inorganic zinc sources. In addition, the expansion of the livestock and poultry industries, propelled by growing global meat consumption, is fueling the demand for effective and safe feed additives to enhance animal health and productivity. According to the OECD-FAO Agricultural Outlook 2021-2030, the global meat supply is poised to reach over 374 Mt by 2030. Ongoing research and development efforts are focused on optimizing chelation techniques and exploring the benefits of chelated zinc in novel animal feed applications, which may further propel market growth.

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.