Chelated Minerals Market Outlook
According to the report by Expert Market Research (EMR), the global chelated minerals market size is estimated to expand at a CAGR of 7.9% during the period of 2024-2032. The market is aided by the growing demand for chelated minerals in dietary supplements and growing innovations in the nutraceutical and dietary space.
The global chelated minerals market has been witnessing a transformation, as chelated minerals become pivotal in various industries, particularly agriculture and human nutrition, due to their enhanced absorption characteristics compared to non-chelated minerals. Chelated minerals are those in which minerals are bound to organic molecules (ligands) such as amino acids or peptides, facilitating easier and more effective absorption of minerals by the body or plants. This chemical bonding not only increases bioavailability but also prevents the minerals from interacting with other compounds that might inhibit their absorption.
One of the leading chelated minerals market trends is the growing demand for chelated minerals in dietary supplements. As health awareness increases, consumers are seeking more efficient and bioavailable forms of nutrition, leading to a rise in the consumption of chelated mineral supplements. These supplements are especially popular among the elderly, athletes, and those with specific dietary restrictions, who require efficient nutrient absorption for better health outcomes.
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In the agricultural sector, the application of these minerals in animal feed is a significant trend aiding the chelated minerals market growth. The global push towards higher agricultural productivity without compromising animal health has led to increased use of chelated minerals in feed. These minerals improve the health and productivity of livestock by ensuring optimal nutrient absorption, which is crucial in the face of increasing meat and dairy consumption worldwide.
Moreover, the chelated minerals market value is increasing due to innovations in chelation technology. Advanced chelation methods have not only improved the effectiveness of mineral supplements but have also extended their use in more diverse fields such as water treatment and fortification of processed foods. These technological advancements are helping manufacturers develop products that are tailored to the specific needs of different industries and consumer groups, enhancing the overall growth of the market.
Environmental sustainability concerns are also fuelling the chelated minerals market expansion. With an increasing global focus on sustainable agricultural practices, there is a rising preference for chelated minerals as they are perceived to be safer and more environmentally friendly compared to conventional mineral fertilizers and supplements. This trend is strengthened by stringent regulatory standards on agricultural inputs and food safety, which are compelling suppliers to innovate and offer more ecologically compatible solutions.
Regionally, North America and Europe have been front-runners in adopting chelated minerals due to their advanced agricultural practices and high health consciousness among the population. However, Asia-Pacific is emerging as a fast-growing market, driven by its expanding middle class, increased spending on health and wellness, and intensification of agricultural activities. The increasing awareness of the benefits of chelated minerals in these regions is expected to propel chelated minerals market share further.
In addition to market expansions, the chelated minerals sector is also witnessing collaborations and mergers among key players aiming to expand their reach and enhance their product offerings. These collaborations are often focused on research and development, aiming to create more efficient, cost-effective, and market-specific chelated mineral products.
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Chelated Minerals Market Segmentation
The global chelated minerals 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
Competitive Landscape
The EMR report looks into the market shares, 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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