The Business Research Company’s report on the Chelated Minerals Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the chelated minerals market’s growth in recent years?
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 October 2023, according to reports published by Council for Responsible Nutrition (CRN), a US-based organization, the 2023 CRN Consumer Survey on Dietary Supplements highlights the widespread acceptance of supplements among Americans, revealing that 74% of adults use them, with 55% categorized as regular users. Additionally, a notable 92% of these users believe that dietary supplements are crucial for maintaining their health. Therefore, increasing demand for dietary supplements is driving the growth of the chelated minerals market.
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How does the future projection of the chelated minerals market size compare to its historical growth?
The chelated minerals market size has grown strongly in recent years. It will grow from$4.62 billion in 2024 to $4.99 billion in 2025 at a compound annual growth rate (CAGR) of 7.9%. 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 “$7.06 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. 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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Which key players are shaping the future of the chelated minerals market?
Major companies operating in the chelated minerals market include 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
What trends will propel the growth and evolution of the chelated minerals market?
Major companies operating in the chelated minerals market are developing innovative ingredients to enhance nutrient absorption, improve bioavailability, and cater to the growing demand for organic and sustainable agricultural practices. Innovative ingredients refer to new or improved substances that are developed to enhance the functionality, efficacy, or appeal of products in various industries. For instance, in May 2024, Balchem Corporation, a US-based specialty chemicals company, launched Optifolin+, a novel chelated mineral product designed to improve nutrient uptake in crops. Optifolin+ utilizes advanced chelation technology to bind essential minerals, enhancing their solubility and bioavailability for plants. This innovative solution aims to address the increasing concerns over soil nutrients depletion and the need for sustainable farming practices.
Which regions are expected to become dominant players in the chelated minerals market?
North America was the largest region in the chelated minerals market in 2024. 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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What are the emerging key segments in the chelated minerals market, and how are they evolving?
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
Subsegments:
1) By Calcium Chelated Minerals: Calcium Citrate, Calcium Aspartate, Calcium Gluconate
2) By Copper Chelated Minerals: Copper Gluconate, Copper Citrate, Copper Aspartate
3) By Zinc Chelated Minerals: Zinc Citrate, Zinc Picolinate, Zinc Glycinate
4) By Chromium Chelated Minerals: Chromium Picolinate, Chromium Nicotinate, Chromium Polynicotinate
5) By Iron Chelated Minerals: Iron Glycinate, Iron Bisglycinate, Iron Picolinate
6) By Other Chelated Minerals: Manganese Chelates, Magnesium Chelates, Selenium Chelates
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What defines the structure and scope of the chelated minerals market?
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.
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