Zinc Methionine Chelates Market is Segmented By Grade (Food Grade, Feed Grade), By Livestock (Bovine, Poultry, Swine, Equine, Aqua, Pets, Others), By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Global Zinc Methionine Chelates Market report analyzes the global market size, shares, recent trends, competitive intelligence, and future market outlook. Zinc methionine chelates are organic compounds used as a nutritional supplement for animals to enhance their zinc intake. The market is driven by the increasing demand for animal protein products, the growing awareness about the benefits of chelated minerals in animal nutrition, and the rise in animal health concerns. In the Asia Pacific region, the Global Zinc Methionine Chelates Market is experiencing substantial growth. Key players in the market include Novus International, Inc., Pancosma S.A., Zinpro Corporation, and other prominent players.
Zinc methionine chelates are zinc-based nutritional feed supplements commonly added to animal feed in small quantities. Trace minerals such as zinc and amino acids are the key raw materials used in the production of chelates. +Zinc is one of the major minerals used in animal feed. It helps in protein synthesis and plays an important role in enhancing the properties of defense enzymes. Compared to other supplements, zinc methionine chelates are more water-soluble, stable, and easily absorbed by the body.
Market Scope
|
Metrics |
Details |
|
Market CAGR |
High |
|
Segments Covered |
By Grade, By Livestock, and By Region |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights. |
|
Fastest Growing Region |
Europe |
|
Largest Market Share |
Asia Pacific |
For more insights - Request Free Sample
Source: DataM Intelligence Analysis (2023)
Market Dynamics
Increasing prevalence of animal-related diseases
The increasing prevalence of animal-related diseases, such as foot-and-mouth and bird flu disease, is one of the major factors creating a positive outlook for market growth. Furthermore, rising awareness among the masses regarding the nutritional deficiencies in animals is also driving market growth. Zinc methionine chelate-enriched animal feed aids in the production of premium-quality and disease-free meat products, which are suitable for human consumption. The increasing adoption of chelated minerals as a dietary supplement for domesticated animals, especially in urban areas, contributes to market growth. Additionally, various product launches favor market growth, such as organic and natural feed products. The global zinc methionine chelates market is expected to witness significant growth due to rising consumer awareness regarding the nutritional requirements & deficiencies in animals is anticipated to increase the consumption of feed additives.
However, zinc methionine chelates restraining the market growth are the high price of raw materials, side effects, and lack of awareness of zinc methionine chelates.
COVID-19 Impact on Zinc Methionine Chelates Market Growth
Negative impact on the global zinc methionine chelates market
Covid-19 is an exceptional global public health emergency that has affected almost every industry, and its long-term impact is expected to impact the industry growth over the forecast period. Government and private sector businesses are operating at a limited capacity or have ceased operations completely due to the covid-19 pandemic. This has also impacted supply chain disruptions, fluctuations in raw materials prices, and disrupted manufacturing processes. Manufacturers of various consumer products across the globe came to a break due to the unavailability of raw materials and shortage of labor. This factor is expected to hamper the zinc methionine chelates market.
Market Segment Analysis
The swine segment held the highest market revenue share of xx% in the year 2021
Based on livestock, the swine segment dominated the market and held the largest market share of xx% in 2021. This growth is attributed to the growing consumption of pork meat, which has compelled manufacturers to produce high-quality, disease-free meat products. Zinc methionine chelates are additives mainly used as swine feed or dietary supplement formulations to improve healthy reproduction & ensure proper growth in animals. These factors are expected to positively impact the swine segment, thus boosting the market shortly.
In addition, the aqua segment is also projected to gain a significant share of the global zinc methionine chelates market soon. The rising consumption of fish and fish products has led to increased demand for high-quality and disease-free products. These factors are expected to drive the demand for aquafeed additives, thereby boosting the consumption of zinc methionine chelates in feed formulations. Expansion of the global aquaculture industry, due to the rise in consumption of marine food products such as shrimps and prawns, is also estimated to fuel the demand for zinc methionine chelates during the forecast period.
Market Geographical Share
Asia Pacific region is expected to dominate the global zinc methionine chelates market in the year 2021
By geography, the Asia Pacific region is expected to dominate the global zinc methionine chelates market in 2021, growing with a CAGR of xx% during the forecast period. Asia Pacific region is significant growth due to the high demand from the livestock industry. Further, increasing fish and meat product consumption in the region is one of the major keys to the animal feed industry; consequently, it boosts the demand for chelated minerals. Moreover, increasing awareness about the health benefits of protein intake in daily diet has increased meat consumption in the region by driving the market for animal feed and organic trace minerals.
In Europe, countries including Germany, France, and Italy have observed a surge in meat consumption over the past few years, which has propelled manufacturers to source disease-free and high-quality animal products. Further, the rising demand for high-quality meat and meat products is anticipated to drive the feed additives market in the region. This, in turn, is expected to fuel the consumption of zinc methionine chelates in the feed additives industry.
Source: DataM Intelligence Analysis (2023)
Companies and Competitive Landscape
Key players operating in the global for zinc methionine chelates have a long-period presence and own a significant share in the industry. Key players are focused on backward integration to enlarge their product portfolios and improve and control the quality of the final product. Some key players operating in the zinc methionine chelates market include UNO Vetchem, Titan Biotech Ltd, JH Biotech Inc., Alltech, NOVUS International, Chaitanya Biologicals Private Limited, Chengdu Chelation Biology Technology Co., Ltd, Priya Chemicals, Zinpro Corporation, and Balchem Inc. In December 2019, Balchem Corporation acquisition of Zumbro River Brand, Inc., it is specialized in developing marketing, and manufacturing agglomerated and extruded products for the food and beverage industry. In May 2018, Alltech purchased WestFeeds, a leading animal nutrition company in Montana.
Why Purchase the Report?
- Understand the current market scenario and viability of global zinc methionine chelates over the forecast period
- Visualize the composition of the global zinc methionine chelates market in terms of grade and livestock to identify major players, growth potential, and market strategies
- Identify the key regulations prevailing in the market and understand their impact on the market over the forecast period
- Understand the key business factors such as market competition, product pricing, new product developments, and patent filings pertaining to the market
What do we offer?
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study
- Excel data sheet with valuable data points of the global zinc methionine chelates market – Regional and Country level segmentation
- Product mapping in Excel for the key products of all major market players
- Market share analysis covering business revenues ($) and revenue share (%) of key market players
The global zinc methionine chelates market report would provide access to approximately 53 market data tables, 45 figures, and 180 pages
Target Audience
- Zinc Methionine Chelates Manufacturers
- Food and Beverages Industries
- Animal Feed Manufacturers
- Education & Research Institutes
- Research Professionals
