Zinc Methionine Chelates Market Overview
Zinc Methionine Chelates Market Size was valued at USD 16,386.0 thousand in 2021. The Zinc Methionine Chelates Market Industry is projected to grow from USD 16,386.0 thousand in 2021 to USD 27,794.5 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.34% during the forecast period (2022 – 2030). They participate in several biological and chemical functions in the body of an organism. They also take the role of catalyst, electrolytes, antioxidants, etc. based on the intended application. Trace minerals are the set of minerals that are present and required in small amounts for better development and growth of an organism. Trace minerals include zinc, iron, manganese, copper, chromium, iodine, selenium, cobalt, fluoride, and molybdenum. The primary functions of these trace elements include tissue repair, metabolic function, and growth & development functions. Chelation is a chemical process that involves the bonding of a metal in an ion state with a chelating agent, called a ligand. The ligand serves as the carrier which holds the organic molecule together by binding with one or more points. Zinc methionine chelates, also referred to as organic trace minerals are developed to increase their bioavailability and absorption in the targeted organism.
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Market Segmentation
The global zinc methionine chelates market is segmented by form, application, and region.
By form, the market is segmented into:
- Powder
- Liquid
- Granules
By application, the market is segmented into:
- Food and beverages
- Pharmaceuticals and dietary supplements
- Animal feed industry
- Others
By region, the market is segmented into:
- North America
- Europe
- Asia-Pacific
- Rest of the World
The key players in the global zinc methionine chelates market include:
- JH Biotech Inc.
- Zinpro Corporation
- Titan Biotech Ltd.
- Balchem Inc.
- Chengdu Chelation Biology Technology Co.
- Uno Vetchem
- Global Animal Products, Inc.
- Novus International
- Others
Recent Developments
Some recent developments in the global zinc methionine chelates market include:
- The launch of new products, such as zinc methionine chelates with enhanced bioavailability
- The expansion of production facilities by key players
- The increasing adoption of zinc methionine chelates in new applications, such as cosmetics
Future Outlook
The global zinc methionine chelates market is expected to continue to grow in the coming years. This growth will be driven by the factors mentioned above, as well as the increasing awareness of the health benefits of zinc methionine chelates.
The Asia-Pacific region is expected to be the fastest-growing market for zinc methionine chelates, due to the growing demand for animal feed and pharmaceuticals in the region.
Conclusion
The global zinc methionine chelates market is a dynamic and growing market. The increasing awareness of the health benefits of zinc methionine chelates, as well as the growing demand for organic and natural feed products, is expected to drive market growth in the coming years.
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