Zinc Methionine Chelates Market growing at a CAGR of 6.7% from 2020 to 2027

The global zinc methionine chelates market size was valued at USD 11.5 million in 2019 and is expected to reach USD 19.3 million by 2027, growing at a CAGR of 6.7% from 2020 to 2027. Growing consumer awareness regarding the nutritional requirements and deficiencies in animals is expected to propel the consumption of feed additives, which, in turn, is expected to drive the demand for zinc methionine chelates.

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Trace minerals such as zinc and amino acids are the key raw materials used in the production of chelates. +Zinc is one of the major minerals used in animal feed. It helps in protein synthesis and plays an important role in enhancing the properties of defense enzymes. However, zinc deficiency in animals may lead to poor growth, loss of appetite, and low reproduction rate. Rising consumption of meat and meat products has propelled the manufacturers to source disease-free and superior quality raw materials. This, in turn, has generated a need to focus on the overall health and development of animals.

Also, a frequent outbreak of diseases such as bird flu and foot-and-mouth disease among animals and poultry leads to their reduced performance, reproduction activities, and high mortality. The aforementioned factors are anticipated to drive the demand for animal feed additives, which, in turn, is expected to drive the demand for zinc methionine chelates over the forecast period. Key players operating in the market for zinc methionine chelates are involved in R&D activities to improve product quality and reduce the cost of the final product. Increasing preference for natural and organic feed products among feed manufacturers is an evolving trend and is further anticipated to drive the market for zinc methionine chelates.

Livestock Insights

Swine accounted for the largest revenue share of 45.1% in the livestock segment in 2019. Growing consumption of pork meat has compelled the manufacturers to produce high-quality, disease-free meat products for human consumption. This has given rise to the need for feed additives. Zinc methionine chelates are normally used as additives in swine feed or included in dietary supplement formulation in order to ensure proper growth and improve the reproductive health in animals. In addition, zinc chelates improve animal health and reduce the mortality rate in animals.

Rising consumption of fish and fish products has led to increased demand for high-quality and disease-free products. This is expected to drive the demand for aquafeed additives, which, in turn, is expected to boost the consumption for zinc methionine chelates in feed formulations. In addition, the flourishing aquaculture industry worldwide, due to the consumption of marine food products such as prawns and shrimps, is expected to fuel the demand for chelates over the forecast period. Zinc methionine chelates, when used as feed additives, reduce scaling and fouling, promote effective and healthy growth, and provide essential nutrients required for proper body function.

A significant amount of chelated minerals is used in pet food formulations. Rising pet adoptions along with growing consumer awareness towards the nutritional requirements of pets are driving the demand for organic and naturally derived as well as nutritional pet food products. This is expected to drive the demand for functional feed ingredients in pet foods, which, in turn, is expected to drive the zinc methionine chelates market over the period. Pet food manufacturers include mineral salts such in combination with amino acids in the form of zinc chelate, as supplements in their products.

Zinc Methionine Chelates Market Report Scope