Chelated Minerals Market Analysis: Major Players, Lucrative Segments And Top Geographies
28 Jun, 2023
The global chelated minerals market size is expected to grow from $3.99 billion in 2022 to $4.32 billion in 2023 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global chelated minerals market size is expected to reach $5.88 billion in 2027 at a CAGR of 8%.
Global Chelated Minerals Market Key Driver
The rising demand for dietary supplements is projected to drive the chelated minerals market forward. Dietary supplements are goods that are meant to augment one's diet. Chelated minerals are touted as superior to conventional mineral supplements in the diet because they are easier for the body to absorb (more bioavailable) than non-chelated minerals. As a result, the growing demand for dietary supplements will drive the chelated minerals market.
Get a sample of the global chelated minerals market reportGlobal Chelated Minerals Market Segments
The global chelated minerals market is segmented:
1) By Type: Calcium Chelated Minerals, Copper Chelated Minerals, Zinc Chelated Minerals, Chromium Chelated Minerals, Iron Chelated Minerals, Other Chelated Minerals
2) By Chelating Agent: Amino Acid, Polysaccharide Complex, Proteinate, Other Chelating Agents
3) By Form: Powder, Liquid
4) By Application: Animal Feed, Dietary Supplements, Pharmaceutical, Functional Food And Beverages, Other Applications
5) By Geography: The regions covered in the chelated minerals market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global chelated minerals market.
Major Chelated Minerals Industry Players
Archer Daniel Midland Company, Koninklijke DSM N.V., Balchem Inc., Nutreco N.V., BASF SE, Kemin Industries Inc., Alltech, Cargill Inc., Maru Chem Industries, Novus International Inc., Glanbia PLC, Virbac, LMF Feeds Inc., Zinpro Corp., Novotech Nutraceuticals
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Chelated Minerals Market Overview
Chelated minerals are minerals that have been bonded to a chelating agent, such as an organic or amino acid, in order to increase absorption. It is used to promote normal growth, stabilize bipolar illness, strengthen muscles and bones, and improve immune system function and overall health.
Chelated Minerals Global Market Report 2023 provides data on the global chelated minerals market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The chelated minerals market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.