Chelated Trace Minerals Market
Chelated
Trace Minerals Market was valued at USD 3.5 billion in 2022 and is estimated to
reach USD 6.766 billion by 2032. This translates to a projected compound annual
growth rate (CAGR) of 7.60% over the forecast period (2023-2032). This growth
suggests a significant expansion in the market for chelated trace minerals,
driven by several key factors.
Chelated
trace minerals are a type of mineral in which the metal elements are bonded to
a chelating agent to hold the complex together. Amino acids, polysaccharide
complexes, proteinates, yeast derivate complexes, and propionates are the
various chelating agents that perform the bonding function in chelated trace
minerals. Chelated trace minerals are widely used for various applications
including animal feed, pharmaceuticals, fertilizer, dietary supplements, etc.
Competitive Landscape
The
high competition among the players have encouraged the players to produce
quality products in the market. In order to build new and quality products,
numerous companies benefit from mergers, acquisitions, and product development.
To preserve their positions and broaden their geographic reach, the players in
the worldwide chelated trace minerals market are using a variety of strategies,
including expansion, mergers and acquisitions, alliances, joint ventures, and
expansion. To gain the largest possible market share, expansion was the growth
strategy that was most frequently used by market participants.
There
are numerous international, chelated trace minerals market national, and
regional players in the worldwide chelated trace minerals industry. There is a
lot of competition in this sector, and everyone is trying to increase their
portion of customers' wallets. When comparing prices and quality, as well as
product availability across regions, different suppliers will use different
metrics. In order to be competitive, suppliers must offer reasonably priced,
high-quality chelated trace minerals. Market and economic conditions,
government laws, and technological progress all affect how quickly and how
large market actors can expand. As a result, businesses in this sector need to
concentrate on increasing output and refining their offerings to keep up with
consumer demand. These companies are investing heavily in creating new
products. Although worldwide companies account for the vast majority of sales,
smaller regional and local firms are also present.
Segmentation
By Type
Zinc: Zinc is one of
the eleven trace minerals that play a vital role in supporting several
biological functions and is one of the key requirements for the production of
insulin, DNA, RNA, and several other enzymatic reactions. The trace mineral,
Zinc is responsible for the facilitation of immune response, protein synthesis,
hair maintenance, and the repair & renewal of cells. Chelated zinc is a
form of mineral designed for the better absorption of zinc across the digestive
tract. The other significant benefits of chelated zinc use include healthy
skin, better connective tissue, and prostate function. Amino acids &
organic acids are the major chelating agents used in the development of
zinc-chelated trace minerals.
Iron: Iron is an
essential mineral for the formation of hemoglobin and myoglobin in the blood.
It also plays a key role in chloroplast synthesis and maintenance in plants.
Iron chelates are a type of organic trace mineral used as a supplement for
growth and development in humans and plants. The chelated form of the mineral
aids in the prevention of iron deficiency condition, anemia and are available
in tablet forms for human consumption. A similar condition in plants is
referred to as iron chlorosis, where the plants cannot absorb iron from the
soil. The iron chelates also aid in enhancing the solubilization and transport
of iron from soil to roots.
Cobalt: Cobalt chelates are
vital for the better metabolism and growth of plants at various development
stages. It enhances the protein content and boosts the yield of the plants
apart from nitrogen fixation ability. In animal feed, the mineral is used
against anemia, to overcome infertility, boost growth rates through increasing
the appetite, and facilitate the general health of the animal.
Copper: Copper as a mineral
plays several functions in the human body and is one of the key minerals that’s
found in various parts of the biological systems. It aids in the development of
collagen, the nervous system, and melanin pigment in the skin and bones. Copper
Chelators are a type of chelated trace mineral that is majorly used in the
treatment of Wilson’s disease and Menke's disease. The other functions of the
copper chelators in the human health system include the promotion of the
formation of connective tissues, enhanced absorption of the metal, aids in
cellular metabolism, etc.
Chromium: Chromium is one of
the trace minerals which is required for insulin action in the body's
biological system, supporting the metabolism of carbohydrate, protein, and fat
that enters the digestive system. The chelated form of chromium shows better
bioavailability than the non-chelated chromium supplements like chromium
chloride. The chromium chelates are majorly used for weight management, stress
management, and blood sugar management. Picolinic acid and glycine are two of
the commonly used chelating agent used. The increasing demand for chromium
supplements for weight loss and diabetes treatment is expected to drive the
growth of the segment.
Others: The others segment
includes chelated trace minerals containing selenium, manganese, fluoride,
molybdenum, and iodine. Selenium is an important class of minerals that has a
significant role in 24+ protein types in the body. Chelated selenium promotes
the antioxidant enzyme – glutathione peroxidase and increases the antioxidant
reserves in the body. Also, it helps in maintaining the inflammatory balance,
assists prostate health and cardiovascular health, etc. It is also being used
as an ingredient in nutritional snack manufacturing.
By Chelating Agent
Amino
Acid: Amino
acids are the basic building blocks of proteins in all forms of living
organisms. The benefits of using amino acids as chelating agents include
reduced cost owing to better performance at a small amount of the acid,
increased crop output, long shelf life, and reduced pesticidal residue.
Glycine, Lysine, Monomethionine, Methionine, and aspartic acid are the amino
acids used in chelation and glycine is the most commonly used amino acid. In
plants, the chelation of trace minerals with amino acids has boosted the
mineral translocation within the plant systems and enhanced absorption
efficiency.
Polysaccharide
Complex: Polysaccharide
complex trace minerals are a type of chelated trace minerals formed by a
combination of the metal ion with a carbohydrate molecule, a polysaccharide.
Polysaccharide complexes are formed by coating the ion with the molecules and
when consumed get broken down into simple sugars that are easily soluble in the
gut.
Proteinate: Metal proteinate is
a type of chelated mineral that has a protein carrier as the chelating agent
for the metal ions. The short-chain peptides and amino acids generated from
hydrolyzed soy proteins serve as the protein carriers. The two factors that impact
the stability of the proteinates are the hydrolysis efficiency and the
selection of enzymes.
Others: The other segment
includes propionates and yeast derivative complexes. Metal propionates are
manufactured by the combination of metals and propionic acid. The unique
feature of the propionates compared to other chelating agents is their high
solubility, which can completely disassociate in solution and optimal
absorption in the animal body.
By Application
Animal
Feed: Chelated trace minerals market are extensively used
as an ingredient in the feeds and diets of various animals including cows,
dogs, birds, pigs, horses, aqua species, etc. Owing to the low bioavailability
of trace minerals in inorganic forms, interactions with other feed components,
formation of large and insoluble molecules, and instability of the minerals in
the digestive tract of the animals trace mineral chelates are being used in
animal feed. In addition, the use of organic trace minerals in animal feed
reduced the mineral emissions in the environment and thus promotes
sustainability in animal agriculture. Animal absorption of trace mineral
chelates is better than the inorganic chelates and trace minerals are required
in smaller amounts. Thus, over-supplementation is avoided with the use of
organic trace minerals in animal feed.
Dietary
Supplements: The
presence of trace minerals holds a vital position in various metabolic
processes. Trace minerals are used for the treatment of various mineral
deficiencies and related health diseases. Though natural chelation occurs in
the digestive tract, only a small proportion of it gets chelated making its
bioavailability less for the intended functions. The chelated form of these
minerals helps in better absorption and boosts efficiency.
Pharmaceutical: In pharmaceutical
applications, chelated trace minerals are used for treating various diseases in
animals and are incorporated through fortification. For instance, FERTIGRIP
Bolus is a tablet for bovine animals that are developed using chelated trace minerals
and coated vitamins fortified with bioactive chromium and beta-carotene.
Fertilizer: Micronutrient is a
key requirement for the growth and development of plants. Better management of
nutrients ensures an enhanced crop output. Most of the trace minerals in the
soil including iron, manganese, and zinc get readily oxidized which reduces their
availability for the plants. To overcome this issue, farmers and home gardeners
are increasingly using chelated trace mineral fertilizers by improving
bioavailability.
Others: The others
segment includes cosmetics and water softeners. Cosmetics products like creams,
shampoos, conditioners, lotions, etc., and amino acids (EDTA) are the major
chelating agent used in these products. Zinc chelates are one of the most
commonly used in shampoos, as it supports hair growth.
By Region
North
America: The
growing need for precision trace minerals as an ingredient in animal feed is
expected to create opportunities for the players involved in the production of
animal feed chelated trace minerals in the US during the forecast period. In
addition, the increasing focus on sustainable animal production practices in
the countries in the region by players and end users is driving the growth of
the market.
Europe: The increasing
production and consumption of poultry meat, protein-rich pork meat, and dairy
products coupled with the growing utilization of chelated trace minerals in
animal feed for better growth, quality, and productivity of the animals are
expected to drive the growth of the market in the region.
Asia-Pacific: The increasing demand
for pork and the shift to chelated trace minerals user in livestock feed &
nutrition is expected to create opportunities for the players in the market
during the forecast period. In addition, countries in the region including China,
India, Vietnam, Indonesia, and the Philippines account for a significant share
of global poultry meat production and are expected to show an increasing trend
in growth.
Rest
of the World: The
rest of the world market is showing consistent growth during the forecast
period. The increasing demand for livestock production coupled with
antimicrobial bans on animal feed is expected to drive the growth of the market
in the region.
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