Chelated Minerals Market Segmented By Iron, Zinc, Copper, Calcium, Chromium Mineral type with Chelating Agents such as Amino Acids, Organic Acid, Proteinates in the Powder and Liquid form
Industry: Food and Beverages
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Report Type: Ongoing
Report ID: PMRREP32328
Minerals are the primary nutrients required for the human as well as animal body to function. Minerals affect different aspects of body function, such as growth, bone health, contractions of muscles, fluid balance, and many other processes. Chelated minerals is gaining traction owing to its application in various industries especially in animal feed and dietary supplements.
Feed additives is among the fastest growing industries of the world as the manufacturers operating in animal feed industry need to meet the requirement of consumers across the globe.
Consumers are conscious and aware of the feed given to livestock animals. Increased demand for natural ingredients used in animal feed is expected to increase the sales of chelated minerals.
Chelated minerals are also gaining traction in dietary supplement market. Consumers are turning to dietary supplements to remain healthy due to rising healthcare costs which is expected increase the demand of chelated minerals.
The unhealthy diet of the consumers around the world is causing deficiency of various essential minerals which is may affect the health of the consumers. Thus an exponential growth in consumption of dietary supplement is observed in the past decade.
The factors expected to propel market growth of chelated minerals over the forecast period are rapid urbanization and an increase in disposable income along with increasing awareness of health issues.
Attributed to the growing prevalence of cardiovascular diseases and the number of weight loss services, favorable prospects for medical nutrition are expected to raise the market for dietary supplements in the coming years.
Increased demand for safe and hygienic animal food, restrictions on the use of antibiotics and increased awareness of animal health among producers are key factors driving the growth of the market for animal nutrition which is expected to accelerate the demand of chelated minerals.
A consumer survey data says about 77% of Americans take dietary supplements regularly. With rising healthcare costs and the growing burden of lifestyle diseases, the dietary supplements market is mainly driven by the seismic shift towards preventive health management practices.
Chelated minerals helps to build strong muscles and bones and improves immune system. This trend is being followed in most of the countries of established and emerging economies.
To support the health and performance of animals, the demand for animal nutrition solution is significantly rising. In recent years, meat consumption has increased due to a growing population, especially in the developing South East Asian economies. Rapid developments in the meat and poultry industry, coupled with rising competition, have stimulated the urgency among the key market players to enhance and sustain product quality.
Increasing urbanization and growing meat exports are expected to increase the demand for chelated minerals globally. It is anticipated that rising consumer awareness about proper pet nutrition would enable consumers to pay premium amounts over the forecast period for safe and nutritious pet food.
Based on mineral type, the global chelated mineral market is segmented as:
Based on Chelating agent the global chelated mineral market is segmented as:
Based on form the global chelated mineral market is segmented as:
Based on application the global chelated minerals market is segmented as:
Based on region the global chelated minerals market is segmented as:
Some of the Key Players in the global chelated minerals market are
The manufacturers operating in the chelated minerals business are working towards adopting different strategies to expand business. The company constantly focused on formulating new products to offer the customers. The company’s also launching new products to fulfill the rising demand of chelated minerals.
The outbreak of the novel coronavirus had adversely affected the global economy. There has been a major shift in food consumption and eating habits, especially with new concerns such as hygiene, social distance and health care protection that have now come to light and will affect the current and future market.
Dietary supplement market has witnessed high growth amid the pandemic which is expected to support the chelated minerals market as well. Thus the chelated market players have experienced low to moderated effect of the coronavirus outbreak.
Due to consumers opting for immunity boosting products during the COVID-19 pandemic, the market for nutraceuticals & functional foods is expected to see an upward rise. In addition, in the near future, a decrease in the consumption of poultry, meat and seafood products worldwide is projected to increase the market for plant and animal protein supplements. Chelated minerals is the gaining traction
Reshaping of supply chain is essential for ingredient manufacturers to sustain in the market during pandemic. To enable future supply chain, it is essential for food and ingredient manufacturers to have long-term contract with domestic, and regional level suppliers, as these will help the companies to meet any future contingencies like coronavirus pandemic
North America is expected to be the largest market for chelated minerals attributed to high consumption of dietary supplement. Increasing health consciousness has become fundamental, so more and more consumers are interested in obtaining information about the ingredient they incorporate in their everyday lives, chelated minerals are far superior to inorganic trace minerals and have a lucrative opportunity in the developed market as they have created a positive buzz about their effectiveness in the dietary supplement.
Chelated minerals are largely being used in feed, thus the growing demand of meat across all the regions may impact the sales of cheated minerals. The increasing demand of animal sourced food has created awareness among the consumers about the health of livestock animals.
High demand of chelated minerals from animal feed industry is attributed to growth in consumption of meat in the region. The demand for meat in the region has soared with changing food consumption pattern in urban areas also Asia's total meat production is exceeding all other regions.
With disposable income of the consumers increased resulting in better quality of life, so demand for health benefiting products in the region has skyrocketed, which is expected to increase the demand of chelated minerals.
The dietary supplement industry is also expanding in the region which is also a factor supporting the growth of chelated minerals market. The consumption pattern of consumers shifting towards healthy and organic foods, which is subsequently impacting chelated minerals market.
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