Zinc Methionine Chelates Market

Global Zinc Methionine Chelates Market Size (2024 To 2029)

The zinc methionine chelates market size is expected to reach USD 19.71 million by 2029 from USD 14.73 million in 2024, growing at a CAGR of 6% during the forecast period from 2024 to 2029. Government investments in research and development activities to introduce high-quality feed additives are a major factor in creating robust growth opportunities for the market to grow soon. Exploring the advantages of chelated zinc in animal feed through research is adding fuel to the growth rate of the market. Increasing focus on the adoption of zinc methionine chelates as feed additives that can optimize the overall health of the animals is set to showcase huge growth opportunities in the coming period.

A growing number of zinc deficiency people across the world is surging the growth rate of the market. According to WHO, as of now, at least one-third of the total population is affected with zinc deficiency. The risk due to zinc deficiency impacts the risk of infectious diseases, autoimmune disorders, and cancer. Therefore, the higher authorities are planning to increase awareness of the importance of zinc supplements through social media and other platforms that are deemed to project huge growth opportunities for the zinc methionine chelates market.

MARKET DRIVERS

The demand for zinc methionine chelates is growing rapidly in developed and developing countries with the increasing popularity over the benefits involved in the form of dietary supplements and functional foods.

Zinc methionine chelate plays a vital role in improving the immune system that can defend against viruses. 19.1% of zinc present in chelated zinc can be used as supplements, which improves health benefits in animals and poultry. These supplements support overall health, escalating the need to increase the production rate of the zinc methionine chelates market.

In addition, another major factor propelling the growth rate of the market is the rising consumption of meat across the world. According to recent reports, the consumption of meat across the world is roughly 350 million tons a year. Therefore, the demand for the production of poultry is increasing every year. Bird flu and other diseases are hitting the animals and poultry, where dietary supplements can help reduce the effects of the disease by increasing the immune system.

Avian influenza devastated the animal population, including poultry and others. WHO (World Health Organization) and FAO (Food and Agriculture Organization of the United Nations) have closely monitored the situation and urged all the countries to take necessary precautions to protect animals as possible and to eradicate the spread of the virus to humans. Therefore, the demand to increase the manufacturing rate of zinc supplements is growing tremendously, which is proportional to the increase in the growth rate of the zinc methionine chelates market.

Lifestyle changes and the popularity of the consumption of dietary supplements to maintain proper health are additionally prompting the growth rate of the market. The importance of organically made products is growing rather than synthetic products, which can be considered as another factor for the market size to grow rapidly. The global key players are focusing on the development of organic zinc trace mineral products. The proper maintenance of the dietary supplements in cattle results in the increased productivity of quality dairy products such as milk. Organic trace mineral nutrition helps in gaining more productivity and performance in dairy rations, which is ascribed to bolster the growth rate of the market.

MARKET RESTRAINTS

However, surging production costs in managing dietary supplements across the world due to less availability of raw materials and disruptions in the supply chain are major factors impacting the growth rate of the zinc methionine chelates market negatively.

Growing concern over the impact on the environment is also one of the factors impeding the growth rate of the market. Government authorities imposed stringent rules and regulations in favor of public safety that further declined the market share. The approval time for recently developed supplements is high as the process of approving the new product should pass various aspects implemented by respective organizations. This attribute is also ascribed to limiting the market size in the coming years.

A lack of awareness of the importance of dietary supplements is acting as a barrier to the market growth rate. In remote areas, people are less aware of the availability of new products that are essentially good for improving the overall health of the animals or birds, degrading the demand for zinc methionine chelates. In addition, increasing competition between the companies and the availability of alternate products at cheaper prices that show negative results are major challenges for the market key players.

Impact of COVID-19 on the zinc methionine chelates market

COVID-19 was first identified in China in 2019. Government authorities imposed stringent rules like lockdown restrictions to curb the spread of the virus. The research studies showed that zinc plays an important role in reducing the risk due to coronavirus. Re-balancing the immunity response in COVID-affected persons was interestingly balanced by zinc supplementation in research that boosted the significance of producing zinc supplements. Zinc methionine chelate elements can prevent the entry of the pathogen by preserving natural tissue barriers such as respiratory epithelium. Therefore, the demand to use zinc in the form of dietary supplements has increased with the rising awareness among the public. Likewise, the pandemic has shown a positive impact on the growth rate of the zinc methionine chelates market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Zinc Methionine Chelates Market Analysis By Form

The powder segment is leading with the highest market share. The powder form of zinc methionine chelates is used as a nutritious feed that ensures the health and growth of poultry and aquaculture. The zinc methionine chelates powder helps the animals in regularize various functions such as milk production, muscle growth, and reproduction immunity. Therefore, the increasing demand for the high-quality distribution of meat products is escalating the growth rate of this segment. The granules segment is deemed to grow at a higher rate during the forecast period.

Global Zinc Methionine Chelates Market Analysis By Application

The animal feed industry is ruling with the dominant share of the market, whereas the pharmaceuticals and dietary supplements segment is esteemed to have a huge growth rate during the forecast period. The rising number of infectious diseases is prompting the need for organically produced dietary supplements, which is propelling the demand for zinc methionine chelates in the pharmaceuticals and dietary supplements segment.

REGIONAL ANALYSIS

North America's zinc methionine chelates market share is leading with the dominant share with the easy availability of zinc methionine chelates in the US and Canada. The US is contributing the highest share of the market. Rising incidences of infectious diseases and the need to focus on building the immune system are major factors attributed to boosting the market growth in the US. Along with this, the increasing meat consumption rate in the US is dominantly propelling the growth rate of the market. For instance, on average, US residents consume 224.6 pounds of meat every year, according to a report by USDA. Hence, the need to produce high-quality meat products is surging the market value.

Asia Pacific is next to North America in ruling the highest market share due to the government's increasing investments in pharmaceuticals. With the rising burden of non-communicable diseases like cancer, cardiovascular diseases, and respiratory illness across the region, the demand to increase the production rate of zinc dietary supplements through the organic process is greatly influencing the growth rate of the market. The importance of taking dietary supplements has come to light with the penetration of COVID-19, which further escalated the demand for zinc methionine chelates across the region. The growing number of research and development activities in emerging countries like India, China, Japan, and others is greatly prompting the market value.

Europe is expected to hit the highest CAGR by the end of 2029. Increasing per capita income and growing urbanization are two primary attributes for the market to grow in this region. High expenditure on dietary supplements with the rising awareness of fitness activities is enhancing the growth rate of the market. UK and Germany are showcasing huge growth opportunities for the zinc methionine chelates market.

KEY PLAYERS INTHE GLOBAL ZINC METHIONINE CHELATES MARKET

Major Players in the Zinc Methionine Chelates Market are Zinpro Corporation, Balchem Inc., Novus International, Titan Biotech Ltd., American Elements, JH Biotech Inc., Global Animal Products, Inc., Uno Vetchem, Chengdu Chelation Biology Technology Co., Alltech, Brihans Laboratories Pvt. Ltd

RECENT HAPPENINGS IN THE MARKET

• In 2023, Novus International, a global feed additive company, announced the initiative to bring intelligent nutrition to the animal protein industry. Novus provided various solutions that supported reproductive performance and structural and gut health. The new initiative is likely to overcome the challenges in the form of amino acids and organic bis-chelated trace minerals.

DETAILED SEGMENTATION OF THE GLOBAL ZINC METHIONINE CHELATES MARKET INCLUDED IN THIS REPORT

This research report on the global zinc methionine chelates market has been segmented and sub-segmented based on form, application, and region.

By Form

• Powder
• Liquid
• Granules
• Others

By Application

• Food and Beverages
• Pharmaceuticals and Dietary Supplements
• Animal Feed Industry
• Others

By Region

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