Chelated Trace Minerals Market: By Type (Zinc, Iron, Cobalt, Copper, and Others), By Form (Dry and Liquid), By Chelate Type (Amino Acids, Proteinates, Polysaccharide Complexes, and Others), and By Livestock (Ruminant, Swine, Poultry, Aquaculture, and Other) - Forecast 2027
|ID: VPR/CR/1265||Publishing Year: November 2021||Pages: 105||Format:|
Chelated Trace Minerals Market Overview:
Global Chelated Trace Minerals Market in Feed was valued at $ 476 million in 2020 and is expected to reach $ 668 million by 2027, registering a CAGR of 4.96% from 2021 to 2028.
Organic trace minerals, commonly known as Chelated Trace Minerals, are minerals that are extensively utilized in the feed business. These minerals are only needed in tiny amounts, yet they play an important role in the animals' development and performance. Chelation of trace minerals improves the availability of these nutrients to animals and aids in simple absorption, thus improving cattle performance. The increasing public awareness of the advantages of chelated trace minerals has fuelled demand for these minerals.
Due to factors such as rising demand for high-quality animal-based goods, the Chelated Trace Minerals Market has seen considerable development. Furthermore, growing knowledge of precision nutrition methods to improve meat quality creates a significant market potential for the Chelated Trace Minerals Market's major players. The overall development of the Chelated Trace Minerals Market is expected to be hampered by a lack of knowledge about these minerals.
- ARCHER DANIELS MIDLAND COMPANY
- KEMIN INDUSTRIES
- KONINKLIJKE DSM N.V.
- NUTRECO N.V.
- INVIVO NSA
- BLUESTAR ADISSEO
- CARGILL, INCORPORATED
- BASF SE
- DLG GROUP
The worldwide Chelated Trace Minerals market is divided into four categories: type, form, chelate type, and livestock. Based on Type the Chelated Trace Minerals market is further divided into four types: zinc, iron, cobalt, copper, and others. Based on Form the Chelated Trace Minerals market is further segmented into dry and liquid forms. The worldwide Chelated Trace Minerals market is segmented into amino acids, proteinates, polysaccharide complexes, and others based on chelate type. The worldwide Chelated Trace Minerals market is segmented into ruminant, swine, poultry, aquaculture, and other livestock based on Livestock.
Due to the growing demand for more nutritious animal feed products, Europe is anticipated to lead the market for chelated trace minerals in feed during the projected period. In Europe, there is a strong need for high-quality animal-based goods due to increased knowledge and food safety regulations, as well as high demand for high-quality animal-based goods. The market for chelated trace minerals in North America is rapidly expanding. The United States is the leading contributor to the expansion of the North American chelated trace mineral market in feed. China, being one of the world's biggest feed manufacturers, accounts for a significant portion of the Asia-Pacific market. The necessity for high-quality meat production is increasing demand all around the world.
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