How Has the Chelated Minerals Market Size Evolved in Recent Years?
The chelated minerals market has seen considerable growth due to a variety of factors.
•In recent years, the market size for chelated minerals has experienced substantial growth. The market growth will rise from $4.62 billion in 2024 to approximately $4.99 billion in 2025, showing a compound annual growth rate (CAGR) of 7.9%.
This growth in the historic term can be accredited to heightened awareness of micronutrient deficiencies, an upward trend in the demand for high-efficiency fertilizers, a growing animal feed industry, expanding agricultural practices, and government initiatives advocating for micronutrient application.
What are the Market Size and Expected Growth Rates for the Chelated Minerals Market?
The chelated minerals market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations suggest a robust expansion for the chelated minerals market in the forthcoming years, with projections estimating its growth to reach $7.06 billion by 2029. This represents a compound annual growth rate (CAGR) of 9.1%.
The anticipated growth can be linked to several factors, including the steady expansion of precision agriculture, increased understanding and implementation of sustainable agricultural practices, and the growing demand for organic food production. Other contributing factors include the expansion of animal husbandry methodologies and the governmental inclination towards promoting sustainable agricultural practices. The market trends to look out for during this forecasting period include: rising demand for organic chelates, a broadening of applications in agriculture and aquaculture, bespoke chelate solutions for specific crop varieties, advancement in chelation technologies, and an evolving focus on human nutrition and nutraceuticals.
Which Drivers Are Accelerating Growth In The Chelated Minerals Market?
The chelated minerals market is anticipated to expand due to the growing demand for dietary supplements. These supplements are designed to enrich the diet, and chelated minerals are marketed as superior because they are more readily absorbed (more bioavailable) by the human body compared to non-chelated ones. As a result, this escalating demand for dietary supplements directly influences the demand for chelated minerals. For example, in the 2023 CRN Consumer Survey on Dietary Supplements conducted in October by the Council for Responsible Nutrition (CRN), a US-based organization, it's evident that consumption of these supplements amongst Americans is prevalent. It revealed that 74% of adults and 55% of regular users utilize them. Furthermore, a significant 92% of these users perceive that dietary supplements play a vital role in preserving their health. Therefore, the heightened demand for dietary supplements propels the chelated minerals market's growth.
What Are The Core Segments Of The Global Chelated Minerals Market?
The chelated minerals market covered in this report 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
Subsegments:
1) By Calcium Chelated Minerals: Calcium Citrate, Calcium Aspartate, Calcium Gluconate
2) By Copper Chelated Minerals: Copper Gluconate, Copper Citrate, Copper Aspartate
3) By Zinc Chelated Minerals: Zinc Citrate, Zinc Picolinate, Zinc Glycinate
4) By Chromium Chelated Minerals: Chromium Picolinate, Chromium Nicotinate, Chromium Polynicotinate
5) By Iron Chelated Minerals: Iron Glycinate, Iron Bisglycinate, Iron Picolinate
6) By Other Chelated Minerals: Manganese Chelates, Magnesium Chelates, Selenium Chelates
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Which Emerging Trends Are Reshaping The Chelated Minerals Market Size?
Key industry players in the chelated minerals market are pioneering unique components to augment nutrient assimilation, boost bioavailability, and meet the expanding need for organic and earth-friendly farming methods. Such unique components consist of novel or enhanced substances created to bolster the functionality, performance, or allure of products across diverse sectors. For example, in May 2024, Balchem Corporation, an American specialty chemicals enterprise, introduced Optifolin+, an advanced chelated mineral product engineered to augment nutrient absorption in plants. Optifolin+ leverages high-end chelation technology to bind critical minerals, thereby improving their solubility and bioavailability for plants. This groundbreaking solution seeks to meet the escalating apprehensions surrounding soil nutrient exhaustion and the requirement for sustainable agricultural techniques.
Who Are the Key Players in the Chelated Minerals Market?
Major companies operating in the chelated minerals market include:
• Archer Daniel Midland Company
• Koninklijke DSM N.V.
• Balchem Inc.
• Nutreco N.V.
• BASF SE
• Kemin Industries Inc.
• Alltech Inc.
• Cargill Incorporated
• Maru Chem Industries
• Novus International Inc.
• Glanbia plc
• Virbac Corporation
• LMF Feeds Inc.
• Zinpro Corporation
• Novotech Nutraceuticals Inc.
• Invivo Group
• China National Bluestar Co. Ltd.
• Aesculap Implants Systems LLC
• NOW Foods
• Bluestar Adisseo Co. Ltd.
• Phoenix Nutrition
• Phibro Animal Health Corporation
• Lehmann&Voss&Co.
• Prathista Industries Limited
• Titan Biotech Ltd.
• Cypress Systems Inc.
• CCL Healthcare
• Pharmapack Asia Ltd
• Medtronic PLC
• Stryker Corporation
What are the Regional Insights into the Chelated Minerals Market?
North America was the largest region in the chelated minerals market in 2024. The regions covered in the chelated minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
