Zinc Chelates Market Outlook
According tthe report by Expert Market Research (EMR), the global zinc chelates market size is projected to grow at a CAGR of 5.50% between 2024 and 2032. Aided by the increasing focus on enhancing crop yield and animal nutrition, the market is expected tgrow significantly by 2032.
Zinc chelates are a type of biologically available form of zinc, essential for numerous physiological functions in both plants and animals. These compounds are particularly designed tenhance the efficiency of zinc uptake in various applications. In agriculture, zinc chelates are used as micronutrient fertilisers, crucial for plant growth, and in animal feed, they play a significant role in improving animal health and productivity.
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The zinc chelates market growth is predominantly driven by the escalating demand in the agriculture sector. As the global population continues tgrow, there is an increasing need timprove crop yields tensure food security. Zinc, being an essential micronutrient for plants, is critical for growth and development. However, its availability in soil is often limited due tvarious factors such as soil pH and organic matter content. Zinc chelates, with their enhanced bioavailability, provide an effective solution tthis challenge, thus boosting their demand in the agriculture sector.
Additionally, the animal feed industry significantly contributes tthe zinc chelates market demand. Zinc is vital for various animal physiological functions, including growth, immune response, and reproductive health. As the awareness regarding animal nutrition and health grows, there is a rising trend towards the inclusion of zinc chelates in animal feed tensure optimal animal health and productivity.
Technological advancements in chelation technology have alsplayed a crucial role in the market growth. Improved methods of chelate production have not only enhanced the efficacy of zinc chelates but alsmade them more cost-effective. These advancements have expanded the potential applications of zinc chelates, making them more accessible for various end-users.
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Furthermore, the growing awareness about the importance of micronutrients in human nutrition has indirectly influenced the zinc chelates market outlook. As more people recognise the role of micronutrients in overall health, there is an increased focus on ensuring these nutrients’ presence in the food chain, starting from plant and animal sources, which in turn drives the demand for zinc chelates.
Regionally, Asia-Pacific is a significant market for zinc chelates, driven by the large agricultural sector in countries like China and India. The region’s focus on improving agricultural productivity tmeet the food demands of its large population has been a key factor in driving the demand for zinc chelates. However, North America and Europe alshold substantial shares in the market, attributed tthe advanced agricultural practices and high awareness about animal nutrition in these regions.
Zinc Chelates Market Segmentation
The market can be divided based on types, application, and region.
Market Breakup by Types
- AminAcid
- Organic Acids
- Others
Market Breakup by Application
- Animal Feed
- Zinc Picolinate
- Zinc Citrate
- Zinc Acetate
- Zinc Glycerate
- Zinc Monomethionine
- Others
- Nutraceuticals and Dietary Supplements
- Agriculture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks intthe market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global zinc chelates market. Some of the major players explored in the report by Expert Market Research are as follows:
- ZinprCorporation
- Balchem Inc.
- Nouryon
- BASF SE
- Dow Chemical Company
- Innophos Holdings, Inc.
- Alltech, Inc
- JH Biotech Inc.
- Novus International, Inc.
- Titan Biotech Ltd.
- Others
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