The Chelated Minerals Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Chelated Minerals Global Market Report 2024, 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.
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.
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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
Product innovation has emerged as the key trend gaining popularity in the chelated minerals market. Major companies operating in the chelated minerals market are developing innovative products to strengthen their position in the market. For instance, in May 2021, Chelated Minerals, a US-based biotech company launched The Chelates, which fully reacted to chelated minerals. The unique features of The Chelates involve it being made with a unique chelated technology that allows it to be easily absorbed without the negative effects associated with mineral intake because it is not combined with inorganic minerals and does not contain maltodextrin. The chelates are designed to create complexes by chemically combining minerals and amino acids.
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
5. Chelated MineralsMarket Size And Growth
6.Chelated Minerals Segmentation
7.Chelated Minerals Regional And Country Analysis
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27.Chelated Minerals Competitive Landscape And Company Profiles
28. Chelated MineralsKey Mergers And Acquisitions
29.Chelated Minerals Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Archer Daniel Midland Company
- Koninklijke DSM N.V.
- Balchem Inc.
- Nutreco N.V.
- BASF SE
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