Zinc Methionine Chelates Market

Global Zinc Methionine Chelates Market Research Report: By Product Type (Powder, Granules, Tablets, Others), By End User (Bovine, Poultry, Swine, Equine, Aqua, Pets), and Region (North America, Europe, Asia-Pacific, and Rest of the World) Global Industry Analysis, Size, Share, Growth, Trends, Regional Analysis, Competitor Analysis and Forecast 2023-2031.

Chemical & Material | January 2024 | Report ID: EMR00397 | Pages: 301

The global zinc methionine chelates market was valued at USD 12.83 million in 2022 and is estimated to reach approximately USD 19.72 million by 2031, at a CAGR of 6.91% from 2023 to 2031.

Zinc methionine is the zinc salt of methionine, is chelated by methionine and zinc, is a novel feed additive, and can be used as a supplement of trace element zinc in animal bodies. In addition, chelated zinc is basically a zinc supplement that is primarily used for treating zinc deficiency in animals and humans. Chelated minerals consist of organic minerals, water-soluble products which is why they are easily absorbed. The various functions of zinc methionine chelate in animals are to boost immunity, skin and hoof integrity, muscle development, milk production, reproduction.

 

 

ZINC METHIONINE CHELATES MARKET: REPORT SCOPE & SEGMENTATION

Report Attribute

Details

Estimated Market Value (2022)

12.83 Million

Projected Market Value (2031)

19.72 Million

Base Year

2022

Forecast Years

2023 - 2031

Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- By Product Type, By End User & Region

Segments Covered

By Product Type, By End User& Region

Forecast Units

Value (USD Billion or Million), and Volume (Units)

Quantitative Units

Revenue in USD million/billion and CAGR from 2023 to 2031

Regions Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and the Rest of World

Countries Covered

U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others

Report Coverage

Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.

Delivery Format

Delivered as an attached PDF and Excel through email, according to the purchase option.

 

Global Zinc Methionine Chelates Market Drivers:

  • Rising consumer awareness regarding the nutritional requirements and deficiencies in animals

The main raw materials used in the manufacture of chelates are trace minerals such as zinc and amino acids. +Zinc is a common mineral found in animal feed. It aids in protein synthesis and is essential in improving the characteristics of defensive enzymes. Additionally, growing consumer awareness of food safety and quality escalates the need for healthier and safer animal feed formulations. According to the National Institute of Health, chelated trace minerals (CTM) in livestock nutrition is an expanding research area with a focus on the health and quality of animal products. Thus, driving demand for the global zinc methionine chelates market.

 

Opportunities:

  • Rising popularity of functional beverages and foods

The rising popularity of zinc methionine chelates in functional beverages and foods. Increasing use of zinc methionine chelates in the food and beverage industry. Chelation is the process of attaching minerals like zinc to organic compounds like amino acids like methionine. This technique can improve the mineral's bioavailability, making it easier for the body to absorb and utilize. Furthermore, Zinc is an essential micronutrient and is widely used in animal diet foods. This increasing popularity and demand affect the growth of the global market in over forecast period.

 

Restraints:

  • High cost of zinc methionine chelates

The increasing cost of zinc methionine chelates is due to the increasing cost of the raw material and production cost. The high cost associated with chelated mineral supplements compared to inorganic zinc sources. In addition, manufacturing and transportation of the zinc methionine chelate expensive than the others. Furthermore, chelated minerals are created through a chelation process in which the mineral, in this case zinc, is bonded to an organic molecule such as methionine. These factors affecting the growth of the global market.

 

Segment Overview

By Product Type

Based on product type, the global zinc methionine chelates market is divided into powder, granules, tablets, and others. The powder segment dominated the market in 2022 and is expected to dominate during the zinc methionine chelates market in the forecast period, due to the ease of handling and dosing of powders in comparison to other forms is the primary driver of this segment's global sales growth. Powdered zinc methionine chelates are easy to put into feed, and their small particle size allows for optimum mixing with other feed additives. Furthermore, zinc methionine chelate powders have a longer shelf life and are easier to store than other forms, lowering the overall cost of manufacture and transportation. As a result, increasing demand for this segment in the target market over the forecast period.

By End User

Based on end-users, the global zinc methionine chelates market is divided into bovine, poultry, swine, equine, aqua, and pets. The swine segment dominated the zinc methionine chelates market in 2022, owing to the growing demand for high-quality, disease-free swine meat has driven manufacturers to make high-quality, disease-free meat products for human consumption. This has increased the demand for feed additives. Zinc methionine chelates are commonly utilized as additives in swine feed or as ingredients in dietary supplement formulations to promote appropriate development and reproductive health in animals.

 

Global Zinc Methionine Chelates Market Overview by Region

Asia Pacific dominated the zinc methionine chelates market in 2022. This is attributed to increased consumer spending, rising animal product consumption, and a thriving animal feed industry is projected to fuel the regional 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 expansion.

Zinc methionine chelates are generally utilized in animals to improve health, raise reproductive rates, and minimize the occurrence of various diseases. Furthermore, in this region, the growing consumption of meat and meat products has created a need to focus on animal health and hygiene, which has increased the demand for feed additives. As a result, increasing growth of the zinc methionine chelates market in this region.

 

 

Global Zinc Methionine Chelates Market Competitive Landscape

In the global zinc methionine chelates market, a few major players exert significant market dominance and have established a strong regional presence. These leading companies remain committed to continuous research and development endeavors and actively engage in strategic growth initiatives, including product development, launches, joint ventures, and partnerships. By pursuing these strategies, these companies aim to strengthen their market position, expand their customer base, and capture a substantial share of the market.

Some of the prominent players in the global zinc methionine chelates market include

  • Zinpro Corp.,
  • NOVUS INTERNATIONAL,
  • Peptech Biosciences Ltd.,
  • UNO VETCHEM,
  • Titan Biotech,
  • JH Biotech Inc.,
  • Hovione,
  • Balchem Inc.,
  • Alltech,
  • Priya Chemicals,
  • Chaitanya Agro Bio-tech Pvt.ltd.,
  • Global Animal Products,
  • Wuhan Pharma Chemical Co., Ltd.,
  • Titan Biotech,
  • Biovencer Healthcare Private Limited,
  • SRIWALLS HEALTHCARE,
  • Watson Inc.,
  • International Milling Directory, and others.

 

Global Zinc Methionine Chelates Market Recent Developments

  • In 2021, Zinpro Corporation has completed acquisition of Paragon Specialty Products, LLC. This acquisition aimed to expand Zinpro's product offerings in the animal nutrition market and strengthen its position in the global Zinc Methionine Chelates Market.
  • In 2021, Albion Laboratories Inc. has introduced a groundbreaking series of Zinc Methionine Chelate products named OptiZinc. This product range asserts its capacity to enhance the bioavailability and absorption of Zinc in animal nutrition, ultimately contributing to improved animal health and increased productivity.
  • In August 2023, MINTREX Bis-chelated trace minerals from Novus International, Inc. provide an easily accessible organic source of zinc, copper, or manganese, delivering high availability for dairy cows across all stages of production.
  • In June 2023 – Novus International, Inc. has unveiled its latest initiative focused on providing intelligent nutrition solutions for farmers, supporting animal health and performance, as announced by the Senior Vice President (SVP) of Novus. The global feed additive company conducted a press conference at the World Pork Expo in Iowa to introduce a comprehensive rebranding effort, highlighting their commitment to offering smarter solutions for farmers in the realm of intelligent nutrition.

 

Scope of the Global Zinc Methionine Chelates Market Report

Zinc Methionine Chelates Market Report Segmentation

ATTRIBUTE

DETAILS

By Product Type

  • Powder
  • Granules
  • Tablets
  • Others

By End User

  • Bovine
  • Poultry
  • Swine
  • Equine
  • Aqua
  • Pets

By Geography

  • North America (USA, and Canada)
  • Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)

Customization Scope

  • Available upon request

Pricing

  • Available upon request

 

Objectives of the Study

The objectives of the study are summarized in 5 stages. They are as mentioned below:

  • Global Zinc Methionine Chelates Market Size and Forecast: To identify and estimate the market size for the global zinc methionine chelates market segmented by lesion site, by application, by product shape, by end user& region and by value (in U.S. dollars). Also, to understand the consumption/ demand created by consumers of zinc methionine chelates between 2019 and 2031.
  • Market Landscape and Trends: To identify and infer the drivers, restraints, opportunities, and challenges for the global zinc methionine chelates market
  • Market Influencing Factors: To find out the factors which are affecting the sales of zinc methionine chelates among consumers
  • Impact of COVID-19: To identify and understand the various factors involved in the global zinc methionine chelates market affected by the pandemic
  • Company Profiling:  To provide a detailed insight into the major companies operating in the market. The profiling will include the financial health of the company's past 2-3 years with segmental and regional revenue breakup, product offering, recent developments, SWOT analysis, and key strategies.

Intended Audience

  • Business Executives
  • Industry Professionals
  • Academic and Research Institutions
  • Startups and Entrepreneurs
  • Governments, Associations, and Industrial Bodies
  • Investors and Trade Experts

Research Methodology

Our research methodology has always been the key differentiating reason which sets us apart in comparison from the competing organizations in the industry. Our organization believes in consistency along with quality and establishing a new level with every new report we generate; our methods are acclaimed and the data/information inside the report is coveted. Our research methodology involves a combination of primary and secondary research methods. Data procurement is one of the most extensive stages in our research process. Our organization helps in assisting the clients to find the opportunities by examining the market across the globe coupled with providing economic statistics for each and every region.  The reports generated and published are based on primary & secondary research. In secondary research, we gather data for global Market through white papers, case studies, blogs, reference customers, news, articles, press releases, white papers, and research studies. We also have our paid data applications which includes hoovers, Bloomberg business week, Avention, and others.

Data Collection

Data collection is the process of gathering, measuring, and analyzing accurate and relevant data from a variety of sources to analyze market and forecast trends. Raw market data is obtained on a broad front. Data is continuously extracted and filtered to ensure only validated and authenticated sources are considered. Data is mined from a varied host of sources including secondary and primary sources.

Primary Research

After the secondary research process, we initiate the primary research phase in which we interact with companies operating within the market space. We interact with related industries to understand the factors that can drive or hamper a market. Exhaustive primary interviews are conducted. Various sources from both the supply and demand sides are interviewed to obtain qualitative and quantitative information for a report which includes suppliers, product providers, domain experts, CEOs, vice presidents, marketing & sales directors, Type & innovation directors, and related key executives from various key companies to ensure a holistic and unbiased picture of the market. 

Secondary Research

A secondary research process is conducted to identify and collect information useful for the extensive, technical, market-oriented, and comprehensive study of the market. Secondary sources include published market studies, competitive information, white papers, analyst reports, government agencies, industry and trade associations, media sources, chambers of commerce, newsletters, trade publications, magazines, Bloomberg BusinessWeek, Factiva, D&B, annual reports, company house documents, investor presentations, articles, journals, blogs, and SEC filings of companies, newspapers, and so on. We have assigned weights to these parameters and quantified their market impacts using the weighted average analysis to derive the expected market growth rate.

Top-Down Approach & Bottom-Up Approach

In the top – down approach, the Global Batteries for Solar Energy Storage Market was further divided into various segments on the basis of the percentage share of each segment. This approach helped in arriving at the market size of each segment globally. The segments market size was further broken down in the regional market size of each segment and sub-segments. The sub-segments were further broken down to country level market. The market size arrived using this approach was then crosschecked with the market size arrived by using bottom-up approach.

In the bottom-up approach, we arrived at the country market size by identifying the revenues and market shares of the key market players. The country market sizes then were added up to arrive at regional market size of the decorated apparel, which eventually added up to arrive at global market size.

This is one of the most reliable methods as the information is directly obtained from the key players in the market and is based on the primary interviews from the key opinion leaders associated with the firms considered in the research. Furthermore, the data obtained from the company sources and the primary respondents was validated through secondary sources including government publications and Bloomberg.

Market Analysis & size Estimation

Post the data mining stage, we gather our findings and analyze them, filtering out relevant insights. These are evaluated across research teams and industry experts. All this data is collected and evaluated by our analysts. The key players in the industry or markets are identified through extensive primary and secondary research. All percentage share splits, and breakdowns have been determined using secondary sources and verified through primary sources. The market size, in terms of value and volume, is determined through primary and secondary research processes, and forecasting models including the time series model, econometric model, judgmental forecasting model, the Delphi method, among Flywheel Energy Storage. Gathered information for market analysis, competitive landscape, growth trends, product development, and pricing trends is fed into the model and analyzed simultaneously.

Quality Checking & Final Review

The analysis done by the research team is further reviewed to check for the accuracy of the data provided to ensure the clients’ requirements. This approach provides essential checks and balances which facilitate the production of quality data. This Type of revision was done in two phases for the authenticity of the data and negligible errors in the report. After quality checking, the report is reviewed to look after the presentation, Type and to recheck if all the requirements of the clients were addressed.

Frequently Asked Questions

The global zinc methionine chelates market forecast period is 2023 - 2031.
According to zinc methionine chelates market research, the market is expected to grow at a CAGR of 6.91% over the coming years.
Asia-Pacific is expected to register the highest CAGR during 2023 - 2031.
Asia-Pacific held the largest share in 2022.
The major players operating in the global zinc methionine chelates market include Zinpro Corp., NOVUS INTERNATIONAL, Peptech Biosciences Ltd., UNO VETCHEM, Titan Biotech,JH Biotech Inc.,Hovione, Balchem Inc., Alltech, Priya Chemicals, Chaitanya Agro Bio-tech Pvt.ltd., Global Animal Products, Wuhan Pharma Chemical Co., Ltd., Titan Biotech, Biovencer Healthcare Private Limited, SRIWALLS HEALTHCARE, Watson Inc., International Milling Directory, and others.