According to the report by Expert Market Research (EMR), the zinc chelates market is projected to grow at a CAGR of 5.50% between 2024 and 2032. The market is driven by the increasing awareness about the importance of zinc in agriculture, rising demand for fortified food products, and expanding applications across various industries.
Zinc chelates are organic compounds formed by chelating agents and zinc ions. Chelation enhances the stability and bioavailability of zinc, making it easier for plants, animals, and humans to absorb and utilize this essential micronutrient. Zinc plays a crucial role in various biological processes, including enzyme function, protein synthesis, and cell division, making it indispensable for overall growth and development.
As per the zinc chelates market analysis, chelated zinc serves as a form of zinc supplement mainly utilised for addressing zinc deficiencies in both humans and animals. These chelated minerals consist of water-soluble organic minerals, making them easily absorbed. In humans, the intake of zinc chelates aids in treating zinc deficiencies, enhancing immune system functionality, regulating blood sugar levels, and boosting heart health. Meanwhile, animals that consume zinc methionine chelate experience advantages such as improved immunity, maintenance of healthy skin and hooves, muscle development, milk production, and reproductive capabilities.
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Zinc deficiency in soils is a common issue affecting crop yields worldwide. Farmers are increasingly adopting zinc chelates as a means to address this deficiency and enhance crop productivity. The use of zinc chelates in fertilisers ensures optimal zinc uptake by plants, leading to improved crop quality and yield. This supports the zinc chelates market demand in the agricultural sector.
Zinc is a vital mineral used in animal feed, playing a key role in protein synthesis and enhancing the effectiveness of defence enzymes. As a result, the market is anticipated to experience growth due to factors like increased consumer spending, elevated consumption of animal products, and a thriving animal feed industry. The market expansion is further fuelled by the growing demand for high-quality meat or poultry products and the introduction of natural and organic feed options, which have led to various product enhancements.
Moreover, with growing concerns about nutritional deficiencies, there is a rising demand for fortified food products enriched with essential vitamins and minerals, including zinc. Zinc chelates are preferred in food fortification due to their superior stability and bioavailability compared to inorganic zinc sources, leading to the zinc chelates market growth.
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Furthermore, the market is characterised by the presence of several players competing on the basis of product innovation, quality, pricing, and distribution network. These players are focusing on research and development activities to introduce advanced formulations and expand their product portfolios. Strategic partnerships, mergers, and acquisitions are also common strategies adopted by key players to strengthen their market position, leading to the zinc chelates market development.
Market Segmentation
The market can be divided based on the types, application, and region.
Market Breakup by Types
- Amino Acid
- 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 into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global zinc chelates market. Some of the major players explored in the report by Expert Market Research are as follows:
- Zinpro Corporation
- 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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