Navigating the Global Chelated Mineral Market Landscape: Trends, Forecasts, and Impact Analysis (2024 - 2031) covered in 137 Pages
The "Chelated Mineral Market" prioritizes cost control and efficiency enhancement. Additionally, the reports cover both the demand and supply sides of the market. The Chelated Mineral market is anticipated to grow at an annual rate of 13% from 2024 to 2031.
This entire report is of 137 pages.
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Chelated Mineral Market Analysis
The global chelated minerals market is experiencing strong growth due to the increasing consumer awareness about health and nutrition. Chelated minerals are organic compounds formed by combining minerals with amino acids, making them easier for the body to absorb. Major factors driving revenue growth in the chelated minerals market include growing demand for fortified food and beverages, rising prevalence of mineral deficiencies, and expanding livestock production. Key players in the market include Archer Daniels Midland, BASF SE, Koninklijke DSM ., Nutreco N.V., Kemin Industries Inc., Invivo Group, China National Bluestar (Group) Co., Ltd., and Altech Corporation. The report provides insights into market trends, key players, and recommendations for stakeholders looking to capitalize on the growing demand for chelated minerals.
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The chelated mineral market is experiencing significant growth with key segments including liquid and powder forms and applications in health care products, animal food, and others. Chelated minerals are minerals attached to organic compounds, which enhance their absorption in the body.
Regulatory and legal factors are crucial in the chelated mineral market to ensure safety and compliance with industry standards. Different countries may have specific regulations regarding the use of chelated minerals in health care products and animal food.
Companies operating in the chelated mineral market must adhere to these regulations to maintain market credibility and ensure consumer trust. Compliance with regulatory and legal factors is essential for market growth and sustainability.
Overall, the chelated mineral market is poised for continued growth, driven by increasing demand for health care products, animal food, and other applications. Companies in this market must stay informed and compliant with regulatory and legal factors to capitalize on the market's potential opportunities and challenges.
Top Featured Companies Dominating the Global Chelated Mineral Market
The chelated mineral market is highly competitive and is characterized by the presence of several key players including Archer Daniels Midland, BASF SE, Koninklijke DSM , Nutreco N.V., Kemin Industries Inc., Invivo Group, China National Bluestar (Group) Co., Ltd., and Altech Corporation.
These companies operate in the chelated mineral market by providing a wide range of chelated mineral products such as zinc, copper, iron, manganese, and others for various industries including agriculture, pharmaceuticals, and food and beverages. They play a crucial role in the growth of the chelated mineral market by investing in research and development activities to introduce innovative chelated mineral products that cater to the evolving needs of consumers.
Archer Daniels Midland, for example, has a strong presence in the chelated mineral market by offering a diverse range of chelated mineral products for animal feed and human nutrition. Similarly, BASF SE is known for its expertise in providing high-quality chelated mineral solutions for agriculture and aquaculture industries.
These companies help to grow the chelated mineral market by forging strategic partnerships, expanding their product portfolio, and enhancing their distribution network. Their strong financial position and extensive market reach enable them to capitalize on emerging opportunities in the chelated mineral market.
As an example, Nutreco N.V. reported sales revenue of approximately $5.3 billion in 2020, while Kemin Industries Inc. reported sales revenue of around $2 billion in the same year. These figures underscore the significant contribution of these companies to the chelated mineral market.
- Archer Daniels Midland
- BASF SE
- Koninklijke DSM N.V
- Nutreco N.V.
- Kemin Industries Inc.
- Invivo Group
- China National Bluestar (Group) Co., Ltd.
- Altech Corporation
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Chelated Mineral Segment Analysis
Chelated Mineral Market, by Application:
- Health care products
- Animal food
- Others
Chelated minerals are increasingly used in health care products, animal food, and other applications due to their superior bioavailability and effectiveness. In health care products, chelated minerals are used to enhance nutrient absorption and promote overall health. In animal food, they are added to improve digestion and growth. Other applications include agriculture, pharmaceuticals, and cosmetics. The fastest growing application segment in terms of revenue is health care products, as consumers are increasingly seeking out high-quality supplements and functional foods to support their well-being. Chelated minerals play a crucial role in meeting this demand.
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Chelated Mineral Market, by Type:
- Liquid
- Powder
Chelated minerals come in two main forms: liquid and powder. Liquid chelated minerals are convenient for those who prefer to mix them into beverages or foods, while powder forms are easy to measure and can be added to supplements or smoothies. These different forms cater to varied consumer preferences and are designed to maximize absorption and bioavailability, leading to enhanced health benefits. The convenience and effectiveness of these chelated mineral forms have contributed to the growing demand in the market, as consumers seek out products that offer superior nutrient absorption and overall health support.
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Regional Analysis:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The chelated mineral market is expected to witness significant growth in North America, with the United States and Canada leading the way. In Europe, countries such as Germany, France, the ., Italy, and Russia are projected to drive market growth. In the Asia-Pacific region, China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia are expected to dominate the market. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also anticipated to see substantial growth. In the Middle East & Africa, Turkey, Saudi Arabia, UAE, and South Korea are likely to contribute to market expansion. The regions expected to dominate the market include North America and Europe, with a market share percentage valuation of 35% and 30%, respectively. Asia-Pacific follows closely behind with a market share of 25%, while Latin America and the Middle East & Africa are expected to hold a combined market share of 10%.
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