Chelated Trace Minerals Market in Feed Research Report—Forecast till 2030

Global Chelated Trace Minerals Market in Feed Research Report: Information by Type (Zinc, Iron, Cobalt, Copper, Others), Form (Dry, Liquid), Chelate Type (Amino Acids, Proteinates, Polysaccharide Complexes, Others), Livestock (Ruminant, Swine, Poultry, Aquaculture, Others) Region (North America, Europe, Asia-Pacific, RoW)—Forecast till 2030

ID: MRFR/AGR/5324-HCR | January 2023 | Region: Global | 90 Pages         

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Chelated Trace Minerals Market

Chelated Trace Minerals Market is projected to register a CAGR of 5.69% and reach a value of USD619.3 million by 2030.

Segmentation
By Type Zinc Iron Cobalt Copper Others
By Form Dry Liquid
By Chelate Type Amino Acids Proteinates Polysaccharide Complexes Others
By Livestock Ruminant Swine Poultry Aquaculture Others
By Region North America Europe Asia-Pacific RoW
Key Players
Companies Profiled   Archer Daniels Midland Company (US)    Cargill Incorporated (US)    BASF SE (Germany)    Kemin Industries (US)    Koninklijke DSM N.V. (The Netherlands)    Nutreco N.V. (The Netherlands)    DLG Group (Denmark)    InVivo NSA (France)    Bluestar Adisseo (China)    Alltech (US)
Drivers
Market Driving Forces   Increasing awareness among the consumers    Augmenting demand for animal protein
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Chelated Trace Minerals Market Scenario:


The Chelated Trace Minerals Market is anticipated to grow at a CAGR of 5.69% and reach USD 619.3 million by 2030. Chelated trace minerals in feed are also known as organic trace minerals used in feed. These are required in small quantities but play an important role in the growth and performance enhancement of the animals. The chelation of the trace minerals increases the availability of these nutrients to animals and helps in easy absorption increasing the performance of the livestock. The increasing awareness among the consumers regarding the benefits of chelated trace minerals have boosted the demand for these trace minerals.


Segmentation:


The global chelated trace minerals market in feed has been segmented based on type, form, chelate type, livestock, and region. By type, the global chelated trace minerals market in feed has been classified as Zinc, Iron, Cobalt, Copper, and others. On the basis of form, the global chelated trace minerals market in feed has been divided into dry and liquid. The global chelated trace minerals market in feed is also segmented on the basis of the chelate type used as amino acids, proteinates, polysaccharide complexes, and others. The global chelated trace minerals market in feed has also been segregated, on the basis of livestock, into ruminant, swine, poultry, aquaculture, and others.  The global chelated trace minerals market in feed has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American chelated trace minerals market in feed has further been segmented into the US, Canada, and Mexico. The European chelated trace minerals market in feed has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The chelated trace minerals market in feed in Asia-Pacific has been divided into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The chelated trace minerals market in feed in the rest of the world has been segmented into South America, the Middle East, and Africa.


Key Players:


Archer Daniels Midland Company (US), Cargill, Incorporated (US), BASF SE (Germany), Kemin Industries (US), Koninklijke DSM N.V. (The Netherlands), Nutreco N.V. (The Netherlands), DLG Group (Denmark), InVivo NSA (France), Bluestar Adisseo (China), Alltech (US), are some of the key players in the global chelated trace minerals market in feed.


Regional Market Summary


Chelated Trace Minerals Market in Feed Share (%), by Region, 2017


Source: Secondary Sources and MRFR Analysis


Europe is expected to dominate the market for chelated trace minerals market in feed during the forecast period owing to the increasing demand for more nutritious animal feed products. High awareness and food safety regulation, and high demand for high quality animal-based products has driven in Europe. North American market for chelated trace minerals is growing at a significant rate. The US is the major contributors to the growth of the North American chelated trace minerals market in feed. China being one of the largest feed producers is contributing a major share in the Asia-Pacific market. The need for production of high-quality meat is driving the demand across the globe.


Global Chelated Trace Minerals Market in Feed Market, by Type



  • Zinc

  • Iron

  • Cobalt

  • Copper

  • Others


Global Chelated Trace Minerals Market in Feed Market, by Form



  • Dry

  • Liquid


Global Chelated Trace Minerals Market in Feed Market, by Chelate Type



  • Amino Acids

  • Proteinates

  • Polysaccharide Complexes

  • Others


Global Chelated Trace Minerals Market in Feed Market, by Livestock



  • Ruminant

  • Swine

  • Poultry

  • Aquaculture

  • Others


Global Chelated Trace Minerals Market in Feed Market, by Region


North America

  • US

  • Canada

  • Mexico


Europe

  • Germany

  • France

  • Italy

  • Spain

  • UK

  • Rest of Europe


Asia-Pacific

  • Japan

  • China

  • India

  • Australia and New Zealand

  • Rest of Asia-Pacific


Rest of the World (RoW)

  • South America

  • Middle East

  • Africa


Intended Audience

  • Chelated Trace Mineral producers/processors

  • Feed manufacturers

  • Mineral premix/ feed additive manufacturers

  • Raw material suppliers and distributors

  • Traders, exporters, and importers



Report Scope:

Report Attribute/Metric Details
  Market Size    USD 619.3 Million
  CAGR    5.69% (2022-2030)
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2020
  Forecast Units    Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Type, By Form, By Chelate Type, By Livestock, and By Region
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Archer Daniels Midland Company (US), Cargill Incorporated (US), BASF SE (Germany), Kemin Industries (US), Koninklijke DSM N.V. (The Netherlands), Nutreco N.V. (The Netherlands), DLG Group (Denmark), InVivo NSA (France), Bluestar Adisseo (China), Alltech (US)
  Key Market Opportunities   Augmenting demand for animal protein
  Key Market Drivers   Increasing awareness among the consumers


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Frequently Asked Questions (FAQ) :

Augmenting demand for animal protein and increasing awareness regarding the benefits of these minerals in animal feed, are the major tailwinds pushing the growth of the global chelated trace minerals market.

Higher cost and lack of knowledge about the benefits that these minerals, are major growth impeders for the global chelated trace minerals market.

Kemin Industries (US), Nutreco N.V. (The Netherlands), Bluestar Adisseo (China), Archer Daniels Midland Company (US), Koninklijke DSM N.V. (The Netherlands), Alltech (US), DLG Group (Denmark), Cargill, Incorporated (US), InVivo NSA (France), and BASF SE (Germany), are some of the top players operating in the global chelated trace minerals market.

Europe holds the largest share in the global chelated trace minerals market, followed by North America and the Asia Pacific, respectively.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global chelated trace minerals market adopt to gain a larger competitive advantage.