According to the report by Expert Market Research (EMR), the global chelated minerals market size is projected to grow at a CAGR of 7.9% between 2024 and 2032. Aided by the escalating demand for enhanced nutritional supplements and the wide-ranging applications in various sectors, the market is expected to grow significantly by 2032.
Chelated minerals are minerals that have been combined chemically with amino acids to form a complex that is more easily absorbed by the body. This process of chelation improves the mineral’s bioavailability, making them particularly effective as nutritional supplements. Key chelated minerals include iron, zinc, copper, calcium, and magnesium, known for their critical roles in various bodily functions.
The chelated minerals market growth is primarily attributed to the rising awareness of their health benefits. As modern diets often lack essential nutrients, the demand for dietary supplements to fill nutritional gaps has surged, significantly boosting the market for chelated minerals. Their enhanced absorption capabilities make them highly sought-after in the formulation of nutritional supplements for all age groups.
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Moreover, the fitness and wellness industry is influencing the chelated minerals market outlook. The burgeoning popularity of sports nutrition, driven by a growing number of fitness enthusiasts and athletes, has heightened the demand for supplements containing chelated minerals. These minerals are essential for muscle growth, recovery, and overall athletic performance, making them a staple in sports nutrition products.
The application of chelated minerals extends beyond human nutrition. They are increasingly utilised in animal feed to improve the health and productivity of livestock. The rising demand for high-quality animal products has led to a greater focus on animal nutrition, where chelated minerals are used to enhance feed efficiency and promote the optimal growth and health of farm animals.
In the agricultural sector, chelated minerals are used to enrich soil and plant nutrition. They aid in the healthy growth of plants by ensuring that essential minerals are more readily absorbed from the soil, thereby enhancing crop yield and quality. This application is particularly significant in regions with mineral-deficient soils.
Regionally, North America and Europe account for significant portions of the chelated minerals market share, attributed to high consumer awareness, advanced healthcare infrastructure, and the presence of key market players in these regions. However, the Asia Pacific region is emerging as a significant growth area for the chelated minerals market. Factors such as rising disposable incomes, increasing health consciousness, and growing agricultural and animal husbandry industries are driving the market in this region.
Chelated Minerals Market Segmentation
The market can be divided based on type, chelating agent, application, and region.
Market Breakup by Type
- Zinc Chelated Minerals
- Iron Chelated Minerals
- Calcium Chelated Minerals
- Chromium Chelated Minerals
- Copper Chelated Minerals
- Others
Market Breakup by Chelating Agent
- Amino Acids
- Proteinate
- Polysaccharide Complex
- Others
Market Breakup by Application
- Animal Feed
- Nutraceuticals and Dietary Supplements
- Pharmaceuticals
- Agriculture
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Chelated Minerals Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global chelated minerals market. Some of the major players explored in the report by Expert Market Research are as follows:
- UNO Vetchem
- Chaitanya Biologicals Pvt. Ltd
- BASF SE
- Titan Biotech
- Balchem Inc.
- Others
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