Global Zinc Methionine Chelates Market Size, Share & Trends Analysis Report, By Livestock, By Region Forecasts, 2023 - 2030

Global Zinc Methionine Chelates Market Size, Share & Trends Analysis Report, By Livestock, By Region Forecasts, 2023 - 2030

Global Zinc Methionine Chelates Market was valued at US $ 13.9 million in 2022 and is expected to reach US $ 23 million by 2030 growing at a CAGR of 6.5% during the forecast period 2023 – 2030.

The global industry devoted to the production, marketing, and application of zinc methionine chelates as necessary supplements in animal nutrition is included in the market for zinc methionine chelates. These chelates are made specifically to improve the growth, health, and general well-being of cattle, poultry, and aquaculture animals. They are formed from the bonding of zinc with methionine. They offer a highly bioavailable source of zinc that is added to animal feed and dietary supplements to enhance immune system function, reproductive health, and nutrient absorption. In the end, the market ensures a steady supply of premium meat, dairy, and other animal-derived goods while adhering to environmental responsibility and nutritional security objectives. It does this by supporting efficient and sustainable methods of raising animals.

The market growth of zinc methionine chelates is being driven by a number of compelling causes, one of which is the rising consumption of meat and meat products. First and foremost among these is the function of zinc methionine chelates as essential feed additives that assiduously improve the growth and health of poultry and cattle. These chelates are effective in maximising the body's ability to absorb nutrients, carry out metabolic functions, and maintain general health, which leads to faster growth rates, more weight gain, and increased feed efficiency. Thus, a steady and dependable supply of premium meat and meat products is guaranteed, precisely meeting the growing demand from consumers.

“Swine segment, by livestock, to be dominating market from 2023 to 2030.”

In the livestock segment, swine accounted for 46.1% of total revenue in 2022. The increasing demand for disease-free, premium meat is driven by the need to produce more pork, which in turn drives up the price of feed additives. In order to guarantee ideal development and reproductive health, zinc methionine chelates are commonly used as supplements in swine feed or integrated into dietary formulations. This also improves general animal well-being and lowers mortality rates.

In addition, there is a greater need for high-quality, disease-free aquaculture products due to the increased demand for fish and fish products. It is anticipated that the increase in demand for aquafeed additives will encourage feed formulations using zinc methionine chelates to be consumed. The need for chelates is also expected to be supported throughout the projected period by the expanding worldwide aquaculture industry, which is fueled by the demand for marine products like prawns and prawns. Zinc methionine chelates, when used as feed additives, help minimise scaling and fouling, promote robust and healthy growth, and provide the vital nutrients required for appropriate physiological function.

“Asia Pacific to be largest and fastest growing region in Zinc Methionine Chelates market.”

The market for zinc methionine chelates is dominated by the Asia-Pacific (APAC) region because of its importance in agriculture, population expansion, and rising demand for premium animal products. Countries such as China and India demonstrate a significant need for additives for animal feed; zinc methionine chelates are essential for improving animal nutrition, especially in the burgeoning cattle and poultry industries. North America and Europe, on the other hand, are the market segments that are expanding at the highest rates because to their strict regulatory frameworks and increased emphasis on food safety and animal welfare. Consumer awareness of food quality is growing in these areas, which is driving the use of premium animal nutrition solutions, which include chelated minerals like zinc methionine. The rapid expansion in these locations can be attributed to technological advancements and a strong emphasis on environmental sustainability. These factors drive creative solutions aimed at ensuring healthier and more sustainable food production.

Zinc Methionine Chelates Competitive Landscape

The competitive landscape of the Zinc Methionine Chelates market involves assessing the competitive landscape to understand the strengths, weaknesses, opportunities, and threats of the industry. Key industry players have recognized that the adoption of Zinc Methionine Chelates technology holds the potential for further growth. The growing desire among producers to optimize their production costs has spurred collaborative efforts among companies to scale up their production capacity. This strategic collaboration not only aims to increase revenue but also seeks to establish dominance in the market.

The Zinc Methionine Chelates market is highly competitive, with numerous companies vying for market share. Prominent companies in the Zinc Methionine Chelates Market include:

Major Players:

Zinpro Corporation, Nutriad, Novus International, Inc., Balchem Corporation, Kemin Industries, Inc., Invivo NSA, Aliphos, Ferro Corporation, QualiTech, Inc., Global Animal Nutrition Solutions Inc., Pancosma, ADM Animal Nutrition, Aries Agro Limited, Nutreco N.V., Alltech, AkzoNobel N.V., Norel, Selko Feed Additives (Division of Trouw Nutrition), Lallemand Inc., Chaitanya Chemicals

Recent Developments:

In January 2023, Novus International—a pioneer in the world of animal nutrition and health—completed the acquisition of Agrivida Inc., a biotech business recognized for its exclusive INTERIUSTM technology, which permits feed additives to be integrated into grain. The acquisition of Novus comes after a two-year business relationship between the two companies, during which Novus assisted Agrivida in promoting GRAINZYME®, the company's main product.

Global leader in feed additives Novus International unveiled a thorough rebranding initiative at the World Pork Expo in Iowa in June 2023. The company's 32-year dedication to providing its clients with increased value through cutting-edge technology and international scientific research is highlighted by this rebranding. Novus's refocused approach highlights its commitment to offering creative solutions that provide its clients unanticipated benefits. 'Intelligent nutrition' will usher in a new era of smart solutions for global farmers, as the company's press conference announced.