Zinc Chelate Market

Global Zinc Chelate Market Size (2024 to 2029)

Zinc chelate market size is expected to be valued at USD 14.05 million in 2024 to grow at a CAGR of 6.0% during the forecast period 2024-2029 to achieve USD 18.8 million by 2029. 

Chelated zinc refers to a zinc supplement that offers enhanced absorption in the body. Zinc, a micronutrient vital to various bodily functions, is often challenging for the body to absorb efficiently when taken alone. Hence, zinc is commonly combined with a chelating agent in supplements. A chelating agent is a substance that binds with zinc to form a more readily absorbable compound. The significance of zinc in maintaining health is underscored by the National Institutes of Health (NIH). Zinc plays a crucial role in numerous aspects of health, including supporting the immune system in its defense against viruses and bacteria, facilitating protein production, aiding in DNA synthesis (the genetic material found in all cells), contributing to the senses of smell and taste, and promoting the healing of wounds.

The zinc chelate market holds untapped opportunities, particularly in response to the increasing demand for zinc-based pet food. A substantial quantity of chelated minerals finds use in the formulation of pet food. The rising adoption of pets, coupled with heightened consumer awareness regarding the nutritional needs of their furry companions, is fueling the demand for organic, naturally sourced, and nutritionally balanced pet food products. To meet these demands, pet food manufacturers are incorporating mineral salts, such as zinc chelates combined with amino acids, as supplements in their product offerings. This trend offers promising prospects in the Zinc Chelate Market.

Global Zinc Chelate Market Drivers:

The zinc chelate market is driven by growing awareness of zinc deficiency among consumers, both in human and animal nutrition. This awareness is expected to boost the demand for zinc chelates in the global market over the forecast period. Furthermore, there's a notable trend toward organic products, with consumers increasingly seeking items produced without synthetic substances. This organic product demand has seen significant growth, particularly in developed countries worldwide. Organic and natural zinc-based minerals hold importance due to their various biological functions in promoting animal and human health. They contribute to antioxidant and immune functionality, thereby maintaining and stabilizing overall health. Additionally, the rising global consumption of organic livestock products reflects consumers' preferences for more sustainable and natural offerings. Organic animal feeding is considered a potential strategy for enhancing overall feed efficiency in animals.

Global Zinc Chelate Market Restraints:

Several factors have the potential to impede the growth of the Zinc Chelate market. The market faces challenges related to high production costs and a limited supply of raw materials, which could restrict its expansion. Another noteworthy obstacle is the increasing incidence of allergies to zinc chelates, which poses a challenge to market growth. Allergic reactions can manifest as skin issues, respiratory problems, or other symptoms such as itching, rash, swelling, or difficulty breathing. Additionally, it's important to note that zinc chelate of methionine sulfate can be irritating to the skin and eyes, as well as a potential skin sensitizer. Inhalation exposure also poses risks to users. The rising prevalence of allergic diseases worldwide has led to investigations into changes in daily life trends and environmental conditions. These factors collectively present challenges to the zinc chelate market growth.

Impact of COVID-19 on the Zinc Chelate Market:

Businesses across diverse industries worldwide confronted significant disruptions due to the global COVID-19 pandemic. Governments implemented lockdown measures to curb the disease's spread, leading to adverse effects on most sectors over the past 18 months. These disruptions stemmed from various precautionary lockdowns and restrictions enforced by authorities worldwide, impacting manufacturing and supply-chain operations. The global zinc chelate market was not immune to these challenges. Additionally, consumer demand dwindled as people prioritized essential expenses, given the severe economic impact of the pandemic. However, it's worth noting that the food and beverages sector experienced a remarkable upswing in demand during and after the pandemic. This surge was propelled by heightened consumer interest in natural and organic food supplements, reflecting a notable shift in consumer preferences.

REPORT COVERAGE:

This research report on the global modified starch market has been segmented and sub-segmented based on types, application & region.

Global Zinc Chelate Market - By Types:

• Amino Acid
• Organic Acids
• Others

Based on types, the amino acid segment dominated the Zinc Chelate Market in 2022 and is anticipated to grow at the highest CAGR during the projected period. Chelated zinc is primarily produced using either amino acids or organic acids. Amino acids, such as aspartic acid for zinc aspartate, methionine for zinc methionine, and monomethionine for zinc monomethionine, are commonly employed in this process. Among these, amino acid chelates of zinc are the most prevalent. Zinc methionine, for instance, results from the combination of a zinc ion with methionine amino acid, comprising 11 molecules. Methionine is an essential amino acid crucial for protein synthesis in the body. It possesses antioxidant properties and supports essential fatty acid metabolism. Zinc methionine offers a range of advantages, including promoting and maintaining cellular health, supporting eye, skin, and prostate health, as well as benefiting hair, nail, reproductive, and digestive health. Moreover, it plays a role in enhancing muscle and nerve functions. Thus, amino acid-type zinc chelate is likely to drive the zinc chelate market in the upcoming years.

Global Zinc Chelate Market - By Application: 

• Animal Feed
  • Zinc picolinate
  • Zinc citrate
  • Zinc acetate
  • Zinc glycerate
  • Zinc monomethionine
  • Others

• Nutraceuticals and Dietary Supplements
• Agriculture

Based on the application, animal feed is expected to dominate the Zinc Chelate Market during the forecast period. Large-scale disease outbreaks, such as foot-and-mouth disease and avian flu among livestock and poultry, have detrimental effects on productivity, fertility, and mortality rates. These factors are expected to drive the demand for animal feed additives, subsequently boosting the zinc chelates market throughout the forecast period.

Furthermore, the utilization of zinc chelates in nutraceuticals and dietary supplements is on the rise due to several advantages they offer. Compared to other supplements that use zinc as a raw ingredient, chelated zinc is better absorbed in tissues and remains in the body for longer periods. Zinc chelates also provide additional benefits, including superior antioxidant properties, improved absorption and retention, cellular protection, and various health benefits spanning from skin health to immune function. These factors are expected to contribute to the growth of the nutraceuticals and dietary supplements segment in the coming years.

Global Zinc Chelate Market - By Region:

• North America
• Europe
• Asia-pacific
• Middle-East and Africa
• Latin America

Based on region, the Asia Pacific region is poised to become a prominent player in the zinc chelates market. Increasing consumer spending, growing demand for animal products, and a thriving animal feed industry are major factors fueling the market growth rate in North America. Furthermore, the expansion of the market in Asia Pacific is expected to be supported by increased production and exports of feed additives from countries like China and Japan.

In recent years, European regions, such as Germany, France, and Italy, have witnessed a rise in meat consumption. This has prompted manufacturers to seek disease-free and superior animal products. The market for feed additives in the region is projected to benefit from the growing demand for high-quality meat and meat products, thereby increasing the utilization of zinc chelates in animal feed additives in Europe.

In North America, the valuation of the zinc chelates market is also on the rise. The region's increasing awareness of the advantages of organic trace mineral supplementation in animal nutrition is driving the adoption of chelated zinc sources. Additionally, the growing demand for high-quality meat and dairy products is encouraging livestock and poultry producers to seek advanced nutritional solutions, further propelling market growth.

KEY MARKET PLAYERS:

 Balchem Inc, NOVUS INTERNATIONAL, Zinpro Corporation, Tanke Biosciences Corporation, Phibro Animal Health Corporation, Global Animal Products Inc, QualiTech Corp, Pancosma . some of the major key players dominating the global zinc chelate market.

RECENT HAPPENINGS IN THE MARKET:

• In June 2023, Novus International, Inc. unveiled its foray into the realm of intelligent nutrition, unveiling a range of innovative solutions designed to assist farmers globally. As part of this strategic shift, the company is directing its efforts towards providing customers with tools to tackle various challenges in animal production. This includes its existing range of organic bis-chelated trace minerals, enzymes, amino acids, and other offerings. This strategic pivot underscores Novus International's dedication to delivering solutions developed through cutting-edge technologies and extensive global scientific research.
• In November 2022, Alltech inaugurated a new manufacturing facility in Vietnam dedicated to the production of organic mineral products. This state-of-the-art plant boasts an impressive annual production capacity of approximately 7,000 metric tons.