Zinc Methionine Chelates Market

According to Stratistics MRC, the Global Zinc Methionine Chelates Market is accounted for $14.77 million in 2022 and is expected to reach $24.36 million by 2028 growing at a CAGR of 8.7% during the forecast period. Zinc methionine chelates are zinc-based nutritional feed supplements that are commonly added in small amounts to animal feed. They are made by combining chelated zinc minerals and methionine. Chelated minerals' primary function is to improve feed quality while also optimising the immune system and metabolic processes. They help animals with their immunity, fertility, hoof and skin integrity, milk production, eggshell quality, and muscle development. Zinc methionine chelates are more stable, water-soluble, and easily absorbed by the body than other supplements. As a result, they are commonly used to supplement the diets of livestock such as bovine, poultry, swine, equine, and aquatic animals. One of the key factors driving market growth is the rising prevalence of animal-related diseases such as bird flu and foot-and-mouth disease (FMD). Furthermore, growing public awareness of nutritional deficiencies in animals is propelling market growth.

According to the European Food Safety Authority, chelated zinc with a minimum zinc content of 19.1% can be used as zinc supplements. Chelating agents can easily bond with metal ions such as zinc to produce a water-soluble and stable product that is easily absorbed by the body. This is expected to increase demand for zinc methionine chelates.



Market Dynamics:

Driver:

Increasing awareness of zinc deficiency among customers

Increased customer awareness and zinc deficiency regarding nutritional supplements of zinc methionine chelates for both humans and animals is expected to drive overall demand for the global zinc methionine chelates market over the forecast period. Increasing customer spending, increased consumption of animal products, and a thriving animal feed industry are all expected to drive market growth. Rising demand for high-quality meat or poultry products, as well as decreased performance and reproduction activities, drive market demand, which is expected to create new opportunities for the global zinc methionie chelates market.

Restraint:

High costs and stringent regulations

Compliance with stringent regulations and varying standards around the world, growing competition, and inflation expected to remain above the upper band in key nations in the short term are some of the market restraints over the forecast period. Furthermore, the high cost is expected to be a restraint on growth, while an increase in allergic population to zinc methionine chelates is expected to be a challenge to market growth.

Opportunity:

Constantly growing fish consumption

The global economic downturn had little impact on the global beef market, which remained upbeat. The developed and developing worlds are expected to be highly promising for meat consumption due to changing nutrition patterns, urbanisation, population growth, and economic growth. Furthermore, fish is high in protein and low in fat, cholesterol, and carbohydrates. They also contain vitamins and amino acids, both of which are essential for good health. These factors have led to an increase in global demand, which is expected to continue as more people become aware of the health benefits of eating fish. Consequently, due to the consumption of marine food products such as prawns and shrimp, the world's aquaculture industry is expected to fuel demand for zinc methionine chelates during the forecast period.

Threat:

The high popularity of Veganism

Meat products contain vitamins, minerals, and other nutrients that are essential for mental and physical development. These products, on the other hand, significantly contribute to animal cruelty. Animal cruelty is becoming more widely accepted, resulting in the emergence of a new trend known as veganism. Veganism is the boycotting of all products obtained through animal cruelty. Furthermore, as a result of the vegan concept, the introduction of many alternatives to meat, such as plant-based meat and soy meat, is decreasing demand for the product. Veganism has given rise to a number of products with nutritional values comparable to processed meat.

Covid-19 Impact

The COVID-19 outbreak has resulted in regional lockdowns, border restrictions, and transportation network breakdowns. The economic uncertainty surrounding the COVID-19 outbreak is significantly higher than it was during previous outbreaks such as SARS, avian flu, bird flu, swine flu, and Ebola due to the growing number of affected people and uncertainty about when the crisis is expected to end. The COVID-19 pandemic has had an impact on the supply chain for zinc methionine chelates, as many countries have imposed quarantines and closed their borders to prevent the virus from spreading. Strict containment measures implemented by governments, as well as preventive measures to reduce the outbreak's impact, have resulted in significant transit restrictions, which have had a global impact.

The Swine segment is expected to be the largest during the forecast period

During the forecast period, the swine segment is expected to gain the largest share due to the increased consumption of pork meat. Manufacturers have been compelled to produce high-quality, disease-free meat products for human consumption. This has increased the demand for feed additives. Zinc-methionine chelates are commonly used as additives in swine feed or as ingredients in dietary supplement formulations to ensure proper animal growth. They also aid in the improvement of animal reproductive health. Furthermore, zinc chelates reduce animal mortality. This is expected to have a positive impact on the swine segment, boosting the market.

The Aqua segment is expected to have the highest CAGR during the forecast period

The Aqua segment is expected to grow at the highest CAGR during the forecast period owing to rising demand for high-quality, disease-free fish and fish products, which has resulted from rising consumption of fish and fish products. This is expected to drive demand for aquafeed additives, increasing the use of zinc methionine chelates in feed formulations. Furthermore, demand for zinc methionine chelates is expected to rise during the forecast period as the global aquaculture industry expands due to increased consumption of marine food products such as prawns and shrimp.

Region with largest share:

Due to rising demand for animal products and a prospering animal feed industry, Asia Pacific is expected to account for the largest share during the forecast period. In 2019, Asia Pacific had a revenue share of more than 34.0% in the market for zinc methionine chelates. Increased production and exports of feed additives from key countries such as China and Japan are expected to contribute to market growth. Furthermore, the region's growing consumption of meat and meat products has created a need to focus on animal health and hygiene, which has increased demand for feed additives. As a result, an increase in demand for feed additives is likely to boost market growth in the region.

Region with highest CAGR:

The European region is expected to register the highest CAGR growth during the forecast period, owing to an increase in meat consumption in recent years, which has prompted manufacturers to source disease-free and high-quality animal products. Furthermore, rising demand for high-quality meat and meat products is expected to drive the region's market. This, in turn, is expected to increase demand for zinc-methionine chelates in this region.



Key players in the market

Some of the key players profiled in the Zinc Methionine Chelates Market include UNO Vetchem, Titan Biotech Ltd., JH Biotech, Inc., Alltech, Chaitanya Biologicals Private Limited, Zinpro Corporation, Novus International, Inc., Priya Chemicals, Balchem, Inc, Chengdu Chelation Biology Technology Co., Ltd., Nouryon, BASF SE, Dow Chemical Company and Innophos Holdings, In.

Key Developments:

In April 2021, Alltec introduced Bioplex Aqua Boost, the latest addition to its line of mineral management solutions. Bioplex Aqua Boost is a water-soluble organic trace mineral and macromineral pack that is chelated and highly bioavailable. Each of the ten essential minerals found in this one-of-a-kind product is necessary for the development and productivity of shrimp and fish

In Mar 2021, Balchem Corporation broadened its geographical reach by expanding its Covington, Virginia-based manufacturing facility to meet rising demand for animal nutrition and health nutrients. The company expects to double its production of major nutrients used in animal nutrition and health markets around the world as a result of this capacity expansion

In October 2018, Zinpro Corporation acquired Paragon Specialty Products and CouvLotta, two US companies involved in water-soluble animal nutrition and nutritional support products. Zinpro is expected to leverage the two companies' product diversification through this acquisition, offering a product line and nutritional approaches

Grades Covered:
• Food Grade
• Feed Grade

Livestocks Covered:
• Animal Feed
• Equine
• Bovine
• Poultry
• Swine
• Aqua
• Pets

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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