The report of Chelated Trace Minerals Market by Type (Zinc, Iron, Cobalt, Copper, Others), By Form (Dry, Liquid), By Chelate Type (Amino Acids, Proteinates, Polysaccharide Complexes, Others), By Livestock (Ruminant, Swine, Poultry, Aquaculture, Others), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 5.9% during the forecast period.
The chelated feed trace minerals market has observed substantial growth due to the demand for high-quality animal-based products. Also, rising awareness about precision nutrition techniques to improve the quality of meat delivers a huge market opportunity for the main players operating in the chelated feed trace minerals market.
Poultry is much defamed when it comes to health problems, because of the main issues like Avian Influenza which can decrease the consumption of meat products and act as restraints, and further challenge the chelated feed trace minerals market growth in the future.
Also, the lack of awareness concerning these minerals is expected to hamper the overall growth of the chelated feed trace minerals market.
Based on type, the zinc segment registered for the largest market share of the chelated feed trace minerals market in 2018, in terms of value and volume. Zinc is broadly used on account of its high applicability for different feed products. Zinc, when added to feed, helps in the growth during early nursery phase, improves the poor health conditions of the animals, and it also helps improve stress challenges which help in the total growth of animals.
Region-wise, North America is one of the largest manufacturers of livestock and animal-based products in the globe, with the US being a key producer. Growing production, along with consumption of livestock and livestock-based products in this region, has enabled livestock manufacturers to utilize feed with chelated trace minerals, as they are extremely effective in encouraging the improved growth of animals and in improving the fertility rate. Additionally, the existence of leading chelated trace minerals companies, for example, Cargill, ADM, DSM, BASF, and Nutreco in North America, and their continuous efforts for encouraging their business in the chelated trace minerals segment through numerous strategies, such as acquisitions and growths are expected to drive the market for chelated feed trace minerals in this region.
The key players of the Global Chelated Trace Minerals Market are Archer Daniels Midland Company, Cargill, Incorporated, BASF SE, Kemin Industries, Koninklijke DSM N.V., Nutreco N.V., DLG Group, InVivo NSA, Bluestar Adisseo, and Alltech.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Chelated Trace Minerals Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Chelated Trace Minerals Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Chelated Trace Minerals Market positioning of competitors.
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