Chelated Trace Minerals Market May Set New Growth Story |Key Players BASF, Nutreco, DSM NV

Chelated Trace Minerals Market Insights:

According to MRFR analysis, the global Chelated Trace Minerals market is expected to register a CAGR of ~7.63% from 2022 to 2030 and hold a value of over USD 6,606.14 Million by 2030.

The Chelated Trace Minerals Market is a growing segment of the global mineral supplements industry. Chelated trace minerals are minerals that have been chemically bonded to an amino acid, allowing for better absorption and utilization by the body. These minerals are often used in animal feed and pet food to improve animal health and growth, and they are also used in human dietary supplements.

The market for chelated trace minerals is driven by several factors, including increasing demand for high-quality animal protein, rising consumer awareness about the importance of proper nutrition, and the growing popularity of organic and natural products. In addition, the use of chelated trace minerals is becoming more common in regions with poor soil quality, as this can lead to mineral deficiencies in crops and animals.

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Key Players:

Some of the key market players are BASF, Nutreco, Titan Biotech, DSM NM Kemin Industries, Alltech, Glanbia PLC, Balchem, Innophos, Novus International.

Market Segmentation:

The Global Chelated Trace Minerals market has been segmented into Type, Chelating Agent, and Application.

Based on the Type, the market has been segmented into Zinc, Iron, Cobalt, Copper, Chromium, and Others

Based on the Chelating Agent, the market has been segmented into Amino Acid, Polysaccharide Complex, Proteinate, and Others.

Based on the Application, the market has been segmented into Animal Feed, Dietary Supplements, Pharmaceuticals, Fertilizer, and Others

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Regional Analysis:

North America is currently the largest market for chelated trace minerals, accounting for a significant share of the global market. The region is home to some of the largest companies in the industry, including Cargill, Archer Daniels Midland Company, and Zinpro Corporation. The demand for chelated trace minerals in North America is driven by the growing trend of pet ownership, the increasing use of natural and organic products, and the rising demand for high-quality animal protein.

Europe is another significant market for chelated trace minerals, with countries such as Germany, France, and the UK leading the way. The demand for chelated trace minerals in Europe is driven by increasing demand for meat and dairy products, growing awareness about the benefits of animal nutrition, and the use of chelated trace minerals to improve crop yields.

Asia Pacific is also a growing market for chelated trace minerals, with countries such as China, India, and Japan experiencing significant growth in demand. The region is home to a large population, and as the demand for meat and dairy products increases, so too does the demand for chelated trace minerals. In addition, the use of chelated trace minerals is becoming more common in the region as a result of poor soil quality and mineral deficiencies.

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