PUBLISHER: Market Research Future | PRODUCT CODE: 1727710
PUBLISHER: Market Research Future | PRODUCT CODE: 1727710
Global Chelated Mineral Market Research Report by Type (Amino Acid Chelates, Organic Acid Chelates, Synthetic Chelates), By Application (Agriculture, Animal Feed, Pharmaceuticals, Cosmetics), By Form (Liquid, Powder, Tablets and Others), By Chelation Technology (Spray Drying, Microencapsulation, Granulation) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) Forecast to 2030
The global chelated minerals market is expected to increase significantly during the research period, with a CAGR of 7.47%. The market is predicted to grow from USD 3,735.0 million in 2022 to USD 6,598.6 million by the end of the forecast period (2022-2030).
The chelated minerals market is expected to see a significant increase in demand for dietary supplements containing chelated minerals to boost immunity and digestion by increasing the absorption process in the human body, assisting market key players in establishing and growing the business. Furthermore, current advancements in modern technologies are used in the manufacturing of chelated minerals, which are driving overall market expansion.
The global chelated minerals market is classified by type, including calcium, zinc, iron, magnesium, potassium, and others. Among these sectors, iron held the market position in the global chelated minerals market with a value share of 23.85% in 2022, and this source of chelated minerals is expected to rise at a 7.98% CAGR until 2030.
Agriculture is the largest application category in the Chelated Mineral Market, accounting for more than 40%, owing to the growing demand for chelated minerals in animal feed to boost livestock production and health.
Spray Drying, Microencapsulation, and Granulation are the three Chelation Technology segments of the Chelated Mineral Market.
The global market is classified into three categories of agents: amino acid complexes, organic acids, and proteinates.
The market is divided into two segments based on distribution channel: online and offline.
The global chelated minerals market is divided into four forms: liquid, powder, pills, and others.
North America, Europe, Asia Pacific, and the rest of the globe are the key regions based on the global chelated minerals that have been studied. In terms of value, Asia Pacific accounted for 39.05% in 2022. North America accounts for the second highest proportion of the market. The rest of the world's chelated minerals market is expected to rise significantly due to rising demand in various nations in South America, the Middle East, and Africa.
Borealis AG, Albaugh, Nouryon, KMG Chemicals, Cargill, Clariant, BASF, DowDuPont, Innospec, FMC Corporation, Chemetall, Eastman Chemical Company, Kemira, Solvay, and Bayer are among the key players in the Chelated Mineral Market.