Market Synopsis:

As per the analysis by Market Research Future (MRFR), the global chelated trace minerals market is estimated to procure a substantial market value, thriving at a notable CAGR during the forecast period. The increasing production of compound feed with a rise in demand for animal protein in the human diet are estimated to be significant factors driving the global chelated trace minerals market. The Chelated Trace Minerals Market Size is anticipated to grow at a CAGR of 5.69% and reach USD 619.3 million by 2030. Further, the growing awareness among the consumers regarding the advantages of chelated trace minerals are predicted to propel the market during the forecast period.

On the other hand, the spread of COVID-19 is estimated to have brought a negative impact on the market growth. COVID-19 has minimized the meat consumption owing to the supply shortage caused due to the imposition of lock-down. In addition, the high prices associated with trace minerals as an additive is projected to be another challenge for the market growth. Nonetheless, the importance of protein-rich diets, along with the factors mentioned above can counter the impeding factor, boosting the market during the review period.

Market Segmentation:

The segment analysis of the global chelated trace minerals market is done by form, type, livestock, and chelate.

The form-based segments of the global chelated trace minerals market are dry and liquid.

The type-based segments of the global chelated trace minerals market are zinc, cobalt, iron, copper, and others.

The livestock-based segments of the global chelated trace minerals market are swine, aquaculture, ruminant, poultry, and others.

The chelate type-based segments of the global chelated trace minerals market are proteinases, amino acids, polysaccharide complexes, and others.

Regional Analysis:

On the basis of region, the global Chelated Trace Minerals Market Overview is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (ROW). As per the analysis, the global market is projected to be dominated by Europe during the forecast period due to the increasing demand for more nutritious animal feed products. Further, the increasing awareness and growing demand for high-quality animal-based products are predicted to play an important role in driving the regional market. In the region, Germany and Spain are the speculated to be the most significant markets for animal feed organic trace minerals. The region is estimated to thrive at a healthy CAGR during the forecast period.

North America is estimated to grow at a significant CAGR during the review period. The region is likely to be dominated by the U.S. owing to the steady demand from various sectors. The high demand from poultry and dairy cattle sectors are estimated to drive the regional market further. The increasing demand for meat from the fast-growing industries in the region is likely to drive the regional market.

The APAC region is predicted to be the fastest-growing market expanding at a healthy CAGR during the review period. APAC is likely to grow owing to the expanding meat industry along with increased demand from countries such as India and China. Further, the presence of established manufacturers in the region is likely to strengthen the regional market.

The MEA region is estimated to expand at a lucrative pace during the review period owing to the presence of developing poultry sector.

Key Players:

Cargill, Incorporated (U.S.), Archer Daniels Midland Company (U.S.), Alltech (U.S.), BASF SE (Germany), Koninklijke DSM N.V. (The Netherlands), Kemin Industries (U.S.), Nutreco N.V. (The Netherlands), InVivo NSA (France), DLG Group (Denmark), Bluestar Adisseo (China), are some of the key players in the global chelated trace minerals market in the feed.

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Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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