Zinc Methionine Chelates Market 2024-2028
The zinc methionine chelates market size is forecast to increase by USD 6,117.21 at a CAGR of 6.89% between 2023 and 2028. The market growth and forecasting depend on several factors, including the rise in global meat consumption, the mergers and acquisitions among market players, and the frequent zinc methionine chelates product launches.
The report includes a comprehensive outlook on the Zinc Methionine Chelates Market, offering forecasts for the industry segmented by Form Factor, which comprises powder, tablets, and granules. Additionally, it categorizes Type into swine, poultry, bovine, and others, and covers Regions, including APAC, Europe, North America, Middle East and Africa, and South America. The market research report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value for each of the mentioned segments.
What will be the Zinc Methionine Chelates Market Size During the Forecast Period?
Zinc Methionine Chelates Market Definition
Zinc methionine chelate refers to a compound formed by chemically bonding zinc, an essential mineral, with the amino acid methionine. This chelation process results in the creation of a complex where zinc is tightly bound to methionine, forming a stable and bioavailable form of zinc.
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Zinc Methionine Chelates Market: Key Drivers, Trends, Challenges
Key Zinc Methionine Chelates Market Driver
The rise in global meat consumption is the key factor driving market growth. The global per capita consumption of meat has grown at a steady rate in the past decade. According to the Organization for Economic Co-operation and Development (OECD), the global production of meat (beef, poultry, and pork) in 2021 was 340 million tons compared with nearly 248 million in 2018. The rise in the population also drives the global meat market and has increased production capacity and supply.
In addition, rapid urbanization and changing consumer preferences regarding the consumption of meat have also led to an increase in the demand for zinc methionine chelates as producers aim to improve the efficiency and quality of their production processes. The majority of the global rise in meat production and consumption is from APAC and MEA. The healthy economic growth in these regions has boosted the production and consumption of meat, which, in turn, is expected to drive market growth during the forecast period.
Significant Zinc Methionine Chelates Market Trends
Increased focus on animal health is the primary trend shaping market growth. The surging popularity and demand for zinc methionine chelate in the market are closely tied to the increasing focus on animal health and wellness, reflecting current market trends and analysis. Zinc plays a key role in the immune system of animals. A well-functioning immune system is essential for disease resistance and overall health. Zinc methionine chelate, by providing a highly absorbable form of zinc, supports better immune function in livestock.
Furthermore, the increased focus on animal health has led to a greater demand for feed additives and supplements that support better nutrition, immunity, and overall well-being of livestock. As a result, specialized products such as zinc methionine, known for their positive impact on animal health, have seen increased demand within the feed industry, which, in turn, will drive market growth during the forecast period.
Major Zinc Methionine Chelates Market Challenge
The high cost associated with chelated minerals is a challenge that affects market growth. Chelated minerals often come at a higher cost compared with inorganic sources. This cost difference can pose a challenge for widespread adoption, especially in regions or industries with tight budget constraints. The higher cost of chelated minerals, including zinc methionine, might make them less competitive compared with cheaper alternatives such as inorganic zinc sources. This can hinder their widespread adoption, particularly in markets where cost is a significant factor in decision-making.
In addition, livestock producers and animal feed manufacturers often operate within tight budget constraints. The increased cost of zinc methionine chelates might negatively impact the economic feasibility of incorporating these supplements into animal feed formulations, especially in larger-scale operations. Hence, the high cost of producing zinc methionine chelates may impede market growth during the forecast period.
Zinc Methionine Chelates Market Segmentation by Form Factor, Type, and Geography
Zinc Methionine Chelates Market Form Factor Analysis
The market share growth by the powder segment will be significant during the forecast period. The demand for zinc methionine chelate powder has been increasing steadily due to its advantages over other forms of zinc supplements. Zinc methionine chelate offers improved bioavailability and absorption compared with other zinc supplements. This enhanced absorption means that a higher percentage of the supplemented zinc is utilized by the body or animals, making it a more efficient source of the mineral.
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The powder segment accounted for USD 5,846.78 in 2018. Zinc is an essential mineral required for various bodily functions. It plays a crucial role in immune function, growth, wound healing, and reproductive health in both humans and animals. The demand for high-quality nutritional supplements that offer optimal absorption of zinc drives the need for chelated forms such as zinc methionine, which, in turn, will fuel the growth of the global zinc methionine chelates market during the forecast period.
Zinc Methionine Chelates Market Type Analysis
Swine nutritionists and farmers seek to optimize the diet of pigs to enhance growth, productivity, and overall health. Zinc is an essential micronutrient for swine, crucial for various physiological functions, including growth, immune response, and reproduction. Moreover, swine producers are increasingly focused on improving animal health and productivity. Zinc methionine chelate is believed to support immune function, reducing the incidence of diseases and aiding in better growth performance. Furthermore, the combination of these factors contributes to the increasing preference and demand for zinc methionine chelate in swine feed as a way to optimize nutrition, promote healthier swine, and meet regulatory and consumer expectations, which, in turn, will fuel market growth during the forecast period.
Zinc Methionine Chelates Market Region Analysis
APAC is estimated to contribute 42% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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APAC has a significant and growing livestock industry, particularly in countries such as China and India. Swine, poultry, and other livestock farming are extensive, driving the demand for high-quality feed additives such as zinc methionine chelate. Livestock farmers in Asia are increasingly focusing on optimizing animal nutrition to improve growth rates, reproductive performance, and overall health. Zinc methionine chelate is sought after due to its enhanced bioavailability and ability to meet the zinc needs of animals more efficiently.
Furthermore, with the globalization of agricultural practices, the demand for high-quality feed additives, including zinc methionine chelate, is also influenced by global trade patterns and the adoption of international standards in animal husbandry. The combination of these factors indicates a growing market for zinc methionine chelate in Asia, driven by the need for improved animal nutrition, compliance with regulations, and meeting the expectations of both producers and consumers in the region's expanding livestock industry.
Key Zinc Methionine Chelates Market Companies
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
- Balchem Inc.: The company offers zinc methionine chelates such as Albion Chelated Zinc which is absorbed intact and breaks apart in the intestinal cell for transport.
The report also includes detailed analyses of the competitive landscape of the market and information about 11 market companies, including:
American Elements, Brihans Laboratories, Chengdu Sustar Feed Co. Ltd., Global Animal Products, JH Biotech Inc., Lonza Group Ltd., Novus International Inc., Priya Chemicals, UNO Vetchem, and Zinpro Corp.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Segment Overview
The market analysis and report forecasts market growth analysis by revenue at global, regional & country levels and provides an analysis of the latest market growth and trends from 2018-2028.
- Foam Factor Outlook
- Powder
- Tablets
- Granules
- Type Outlook
- Swine
- Poultry
- Bovine
- Others
- Region Outlook
- North America
- The U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- South America
- Chile
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- North America
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Zinc Methionine Chelates Market Scope |
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Report Coverage |
Details |
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Page number |
151 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Market forecasting period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.89% |
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Market Growth 2024-2028 |
USD 6,117.21 |
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Market structure |
Concentrated |
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YoY growth 2023-2024(%) |
6.33 |
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Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 42% |
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Key countries |
US, China, Japan, India, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
American Elements, Balchem Inc., Brihans Laboratories, Chengdu Sustar Feed Co. Ltd., Global Animal Products, JH Biotech Inc., Lonza Group Ltd., Novus International Inc., Priya Chemicals, UNO Vetchem, and Zinpro Corp. |
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Market dynamics |
Parent market analysis, market research and growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Zinc Methionine Chelates Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the market forecast between 2024 and 2028
- Precise estimation of the market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the market across APAC, Europe, North America, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of zinc methionine chelates market companies
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