Global Zinc Methionine Chelates Market by Livestock (Bovine, Equine, Pets, Swine, Poultry, Aqua) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2019, the global market for zinc methionine-chelates was worth USD 11.5million. It is projected to grow at a 6.7% compound annual growth rate (CAGR), between 2020 and 2027. The demand for zinc methionine-chelates is expected to grow as consumers become more aware of the nutritional needs and deficiencies of animals. The key raw materials for the manufacture of chelates are trace minerals like zinc and HTML3_ amino acids HTML3_ HTML4_. +Zinc is a major mineral used in animal feed. Zinc is important for protein synthesis as well as for enhancing the properties and functions of defense enzymes. Zinc deficiency can lead to low fertility, poor growth and loss of appetite in animals. The demand for meat and meat products is increasing, which has prompted manufacturers to seek out high-quality and disease-free raw materials. This has led to a greater focus on animal health and development.

A frequent spread of diseases like bird flu and foot and mouth disease among poultry and animals can lead to reduced performance, lower reproduction rates, and high mortality. These factors will drive demand for animal feed additives. This, in turn, will drive zinc methionine-chelates demand over the forecast period. The key players in the market for zinc methyl chelates are engaged in R&D to improve product quality, and lower the final price. The market for zinc methionine-chelates will continue to grow due to the growing preference of feed producers for organic and natural feed products.

Livestock Insights

In 2019, the largest revenue share in the livestock segment was held by Swine, at 45.1%. The increasing demand for pork meat has forced manufacturers to produce high quality, disease-free meat products that can be consumed by humans. This has led to the demand for feed additives. Zinc methionine and chelates are used in feed additives or in dietary supplement formulations to promote proper growth and reproductive health. Zinc chelates are also beneficial for animal health and decrease mortality rates.

Increasing consumption of fish and fish products has resulted in a greater demand for high quality, disease-free products. This will drive demand for aquafeed ingredients. In turn, this is expected to increase the use of zinc methionine-chelates in feed formulations. The demand for chelates is also expected to rise due to the growing aquaculture industry, which includes the consumption of seafood products like shrimps and prawns. Zinc methionine-chelates are feed additives that reduce scaling and fouling, promote healthy growth and provide the essential nutrients needed for proper body function.

Pet food formulations contain a significant amount of chelated mineral. Pet food formulations contain significant amounts of chelated minerals. This is due to rising pet adoptions and increasing consumer awareness about the nutritional needs of pets. This will drive demand for functional feed ingredients pet food. In turn, this is expected to drive zinc methionine-chelates market growth over the forecast period. As supplements to their pet food products, pet food manufacturers use mineral salts in combination with amino acid in the form zinc chelate.

Regional Insights

In 2019, Asia Pacific was responsible for more than 34.0% of the global market for zinc methionine-chelates. The market for zinc methionine-chelates is expected to grow due to increased consumer spending, rising animal product consumption, and a flourishing animal feed sector. Market growth is expected to be driven by increased production and exports from key countries like China and Japan of feed additives. Zinc methionine-chelates are used primarily to improve health, increase reproduction rate and reduce the incidence of various diseases in animals.

The region's increasing consumption of meat and other meat products has led to a greater focus on animal hygiene and health. This has in turn increased the demand for feed additives. The region's demand for feed additives will likely increase, which is expected to lead to a greater market share for zinc methionine-chelates.

Europe has seen a rise in meat consumption, with countries like France, Germany and Italy reporting an increase in their meat consumption over the last few years. This has prompted manufacturers to source high-quality, disease-free animal products. The region's growing demand for high quality meat and other meat products will drive the feed additives market. This will in turn fuel the demand for zinc methionine-chelates in the feed industry.

The region's aquaculture industry is also witnessing a significant demand for chelated mineral. This is due to the high consumption seafood products like fish, lobsters and crabs. The factors driving France's aquaculture demand are rising incomes and increasing seafood consumption.

Market Share Insights & Key Companies

The market for zinc methionine-chelates has a significant share of the top players. They have been around for a while and are well-known. They focus on backward integration to expand their product ranges and improve the quality of their final products. Manufacturers may see higher profit margins due to backward integration. This is because they are able to produce high-quality additives and have lower distribution costs. They also have better control over product prices. The market leader in zinc methionine-chelates is:

• Zinpro Corporation

• NOVUS INTERNATIONAL

• UNO VETCHEM

• Titan Biotech Ltd.

• JH Biotech Inc.

• Balchem Inc.

• Chengdu Chelation Biology Technology Co. Ltd.

Up Market Research published a new report titled “Zinc Methionine Chelates Market research report which is segmented by Livestock (Bovine, Equine, Pets, Swine, Poultry, Aqua), By Players/Companies Chengdu Chelation Biology Technology Co Ltd, NOVUS INTERNATIONAL, Titan Biotech Ltd, UNO VETCHEM, Zinpro Corporation, JH Biotech Inc, Balchem Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Zinc Methionine Chelates Market Report Segments:

The market is segmented by Livestock (Bovine, Equine, Pets, Swine, Poultry, Aqua).

Zinc Methionine Chelates Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Zinc Methionine Chelates Market

Overview of the regional outlook of the Zinc Methionine Chelates Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Zinc Methionine Chelates Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Zinc Methionine Chelates Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Bovine

                2. Equine

                3. Pets

                4. Swine

                5. Poultry

                6. Aqua

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Zinc Methionine Chelates Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Zinc Methionine Chelates Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.