The global zinc methionine chelates market is expected to exhibit a CAGR of 6.7% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Zinc methionine chelates are zinc-based nutritional feed supplements commonly added to animal feed in small quantities. They are produced by processing chelated zinc minerals with methionine. The primary function of chelated minerals is to improve the quality of feed and optimize the immune system and metabolic processes. They aid in improving immunity, fertility, hoof and skin integrity, milk production, eggshell quality and muscle development in animals. In comparison to other supplements, zinc methionine chelates are more stable, water-soluble and can be easily absorbed by the body. As a result, they are widely used for enriching the diet of livestock, including bovine, poultry, swine, equine and aquatic animals.
The increasing prevalence of animal-related diseases, such as bird flu and foot-and-mouth disease (FMD), is one of the key factors creating a positive outlook for the market growth. Furthermore, rising awareness among the masses regarding the nutritional deficiencies in animals is also driving the 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. In line with this, the increasing adoption of chelated minerals as a dietary supplement for domesticated animals, especially in urban areas, is also contributing to the market growth. Additionally, various product innovations, such as the launch of organic and natural feed products, are favoring the market growth. Other factors, including significant growth in the agriculture industry, along with extensive research and development (R&D) activities, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global zinc methionine chelates market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on livestock.
Breakup by Livestock:
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alltech, Balchem Inc., Chaitanya Biologicals Private Limited, Chengdu Chelation Biology Technology Co. Ltd., JH Biotech Inc., Novus International Inc. (Mitsui & Co. Ltd.), Priya Chemicals, Titan Biotech Ltd., UNO VETCHEM and Zinpro Corporation.
|Base Year of the Analysis
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||Alltech, Balchem Inc., Chaitanya Biologicals Private Limited, Chengdu Chelation Biology Technology Co. Ltd., JH Biotech Inc., Novus International Inc. (Mitsui & Co. Ltd.), Priya Chemicals, Titan Biotech Ltd., UNO VETCHEM and Zinpro Corporation
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Key Questions Answered in This Report:
- How has the global zinc methionine chelates market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global zinc methionine chelates market?
- What are the key regional markets?
- What is the breakup of the market based on the livestock?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global zinc methionine chelates market and who are the key players?
- What is the degree of competition in the industry?