Chelated Minerals Market Competitive Landscape 2024-2033 – Major Players and Strategies

Overview and Scope

Chelated minerals are minerals that have been bonded to a chelating agent, such as an organic or amino acid, to increase absorption. It is used to promote normal growth, stabilize bipolar illness, strengthen muscles and bones, and improve immune system function and overall health.

Sizing and Forecast

The chelated minerals market size has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased awareness of micronutrient deficiencies, rising demand for high-efficiency fertilizers, expansion of animal feed industry, growing agriculture practices, government initiatives for micronutrient application.

The chelated minerals market size is expected to see strong growth in the next few years. It will grow to $6.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to continued expansion of precision agriculture, rising awareness of sustainable agriculture, growing demand for organic food production, expansion of animal husbandry practices, government support for sustainable agriculture. Major trends in the forecast period include growing demand for organic chelates, expansion in agriculture and aquaculture applications, customized chelate solutions for specific crops, innovation in chelation technologies, focus on human nutrition and nutraceuticals.

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Segmentation & Regional Insights

The chelated minerals market covered in this report is segmented –

1) By Type: Calcium Chelated Minerals, Copper Chelated Minerals, Zinc Chelated Minerals, Chromium Chelated Minerals, Iron Chelated Minerals, Other Chelated Minerals
2) By Chelating Agent: Amino Acid, Polysaccharide Complex, Proteinate, Other Chelating Agents
3) By Form: Powder, Liquid
4) By Application: Animal Feed, Dietary Supplements, Pharmaceutical, Functional Food And Beverages, Other Applications

North America was the largest region in the chelated minerals market in 2023. The regions covered in the chelated minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth

Increasing demand for dietary supplements is expected to boost the growth of the chelated minerals market going forward. Dietary supplements are products intended to supplement the diet. The chelated minerals are marketed as superior to other mineral supplements in the diet because they are more easily assimilated by the body (more bioavailable) than non-chelated minerals. Hence, the increasing demand for dietary supplements will create the demand for chelated minerals market. For instance, in 2021, according to the 2021 CRN Consumer Survey on Dietary Supplements, a survey in US among 3,089 adults aged 18 and older, including 2,421 adults who consume dietary supplements seasonally, occasionally, or regularly conducted by the Council for Responsible Nutrition, a US-based trade association for dietary supplements, four out of five Americans are using dietary supplements, whereas the number of Americans using dietary supplements increased from 73% in 2020 to 80% in 2021. Therefore, increasing demand for dietary supplements is driving the growth of the chelated minerals market.

Key Industry Players

Major companies operating in the chelated minerals market report are Archer Daniel Midland Company, Koninklijke DSM N.V., Balchem Inc., Nutreco N.V., BASF SE, Kemin Industries Inc., Alltech Inc., Cargill Incorporated, Maru Chem Industries, Novus International Inc., Glanbia plc, Virbac Corporation, LMF Feeds Inc., Zinpro Corporation, Novotech Nutraceuticals Inc., Invivo Group, China National Bluestar Co. Ltd., Aesculap Implants Systems LLC, NOW Foods, Bluestar Adisseo Co. Ltd., Phoenix Nutrition, Phibro Animal Health Corporation, Lehmann&Voss&Co., Prathista Industries Limited, Titan Biotech Ltd., Cypress Systems Inc., CCL Healthcare, Pharmapack Asia Ltd, Medtronic PLC, Stryker Corporation

The chelated minerals market report table of contents includes:

1. Executive Summary

2. Chelated Minerals Market Characteristics

3. Chelated Minerals Market Trends And Strategies

4. Chelated Minerals Market – Macro Economic Scenario

5. Global Chelated Minerals Market Size and Growth

….

31. Global Chelated Minerals Market Competitive Benchmarking

32. Global Chelated Minerals Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Chelated Minerals Market

34. Chelated Minerals Market Future Outlook and Potential Analysis

35. Appendix

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