As per MRFR analysis, the Chelated Mineral Market Size was estimated at 8.68 (USD Billion) in 2022.The Chelated Mineral Market Industry is expected to grow from 9.24(USD Billion) in 2023 to 16.2 (USD Billion) by 2032. The Chelated Mineral Market CAGR (growth rate) is expected to be around 6.44% during the forecast period (2024 - 2032).
Key Chelated Mineral Market Trends Highlighted
The Chelated Mineral Market is experiencing significant growth, driven by the increasing demand for nutritional supplements and fortified foods. Growing health consciousness and the rising prevalence of chronic diseases are compelling consumers to seek out products that enhance their well-being. Furthermore, the increasing disposable income of consumers in developing countries is fueling the demand for premium and functional food products.Key market drivers include the growing recognition of the importance of chelated minerals for optimal absorption and bioavailability. Chelated minerals are bonded to organic molecules, making them more easily absorbed by the body. This has led to their widespread use in supplements, sports nutrition products, and functional foods. Additionally, the growing trend towards plant-based diets is creating opportunities for chelated minerals as a source of essential nutrients that may be lacking in plant-based foods.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Chelated Mineral Market Drivers
Rising Demand for Fortified Foods and Beverages
More and more consumers nowadays are interested in buying fortified food and beverages, which can provide the body with essential vitamins and minerals, including chelated minerals. These minerals have many health benefits, such as improving bone and cognitive health, as well as the function of the immune system. One of the reasons for chelated minerals being more in demand is that they are better absorbed by the body compared to their non-chelated counterparts, as well as represent a more efficient way to meet a person’s nutritional needs.As such, the demand for chelated minerals is likely to increase over the following years due to the growing preference for fortified products. The Chelated Mineral Market Industry provides a good example of this, with fortified food and beverages becoming more popular. It should be emphasized that the market in question is more likely to see such robust growth due to the increased demand for fortified food and beverages. People are increasingly interested in healthier diets and ways to improve their well-being.Fortified food and beverages offer one of the most accessible and efficient ways to increase the consumption of essential nutrients, with chelated minerals being an essential part of such products. Their increased demand can be explained by a higher level of bioavailability, as chelated minerals are easier to absorb. As such, they are an optimal way to ensure that people’s nutritional needs are met, especially in the case where some sources of nutrients are not well absorbed.People with some health conditions, such as the elderly, children, and individuals with gastrointestinal disorders, can also benefit from their consumption in this respect. Another advantage of chelated minerals is that they are more stable than their non-chelated counterparts, which means that they will not be lost during food processing and storage. As such, the increased demand for fortified food and beverages can be explained by changing consumer attitudes, as well as a number of other factors, such as increased disposable income in emerging countries, changing lifestyles and eating habits, and government requirements.The Chelated Mineral Market Industry is a very competitive one, with such companies as Albion Laboratories, Inc., Balchem Corporation, Ferro Corporation, and Innophos Holdings, Inc. being the key players in this industry. The market in question is expected to grow at a CAGR of 6.44% over the following decade, driven by the increased demand for fortified food and beverages and the changing attitudes of people.
Growing Prevalence of Chronic Diseases
The growing prevalence of chronic diseases is another major driver of the Chelated Mineral Market Industry. Chronic diseases, such as heart disease, diabetes, and cancer, are often associated with nutrient deficiencies. Chelated minerals can help to correct these deficiencies and improve overall health outcomes. For example, chelated iron can help to prevent and treat iron deficiency anemia, which is a common problem among people with chronic kidney disease.Chelated zinc can help to improve immune function and reduce the risk of infections in people with HIV/AIDS. Chelated selenium can help to protect against oxidative damage and reduce the risk of cancer. As the prevalence of chronic diseases continues to rise, the demand for chelated minerals is expected to grow. Chelated minerals can help to improve the health and well-being of people with chronic diseases, and they can also reduce the risk of developing these diseases in the first place.
Increasing Government Support for Food Fortification
Governments around the world are increasingly recognizing the importance of food fortification in improving public health. Many countries have mandatory food fortification programs that require the addition of essential nutrients, including chelated minerals, to certain foods. These programs have been shown to be effective in reducing nutrient deficiencies and improving overall health outcomes. For example, the United States has a mandatory food fortification program that requires the addition of folic acid to enriched grain products.This program has been credited with reducing the incidence of neural tube defects by 50%. The World Health Organization (WHO) recommends that all countries adopt mandatory food fortification programs to improve public health. As governments continue to implement and expand food fortification programs, the demand for chelated minerals is expected to grow. Chelated minerals are an essential part of these programs, and they can help to improve the health and well-being of people around the world.
Chelated Mineral Market Segment Insights:
Chelated Mineral Market Type Insights
The Chelated Mineral Market segmentation by Type includes Amino Acid Chelates, Organic Acid Chelates, and Synthetic Chelates. Amino Acid Chelates held the largest market share in 2023 and is expected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for amino acid-based chelates in the food and beverage industry. Organic Acid Chelates are expected to witness the fastest growth during the forecast period due to the rising demand for organic products and the growing awareness of the health benefits associated with organic chelates.The growth of the market is attributed to the increasing demand for chelated minerals in various industries, including food and beverage, nutraceuticals, and agriculture. The growing awareness of the health benefits associated with chelated minerals is also driving the growth of the market. The Chelated Mineral Market is highly competitive, with several major players operating in the market. Some of the key players include Albion Laboratories, Inc., Balchem Corporation, BASF SE, and Merck KGaA. These players are investing heavily in research and development to develop new and innovative chelated mineral products.The market is also characterized by the presence of several regional players who focus on specific geographic regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Chelated Mineral Market Application Insights
Agriculture is the largest application segment in the Chelated Mineral Market, with a share of over 40%, due to the increasing demand for chelated minerals in animal feed to improve livestock productivity and health. The Animal Feed segment is expected to grow at a CAGR of 5.5% over the forecast period, driven by the rising awareness of the benefits of chelated minerals in animal nutrition. The Pharmaceuticals segment is expected to witness a significant growth rate of 6.2% over the forecast period, owing to the increasing use of chelated minerals in dietary supplements and nutraceuticals.The Cosmetics segment is expected to grow at a steady pace, driven by the increasing demand for natural and organic ingredients in personal care products.
Chelated Mineral Market Mineral Source Insights
The Chelated Mineral Market segmentation by Mineral Source includes Iron, Zinc, Calcium, and Magnesium. Among these, Iron accounted for the largest revenue share in 2023 and is projected to continue its dominance throughout the forecast period. The increasing prevalence of iron deficiency worldwide, growing awareness about the importance of iron for overall health, and rising demand for iron supplements are key factors driving the growth of this segment. Calcium is another significant segment, with growing demand from the dairy, food, beverage, and pharmaceutical industries.The increasing popularity of calcium supplements, coupled with rising awareness about bone health, is expected to drive the growth of the calcium segment. Zinc and Magnesium are also important segments, with growing demand from the food, beverage, nutraceutical, and pharmaceutical industries. The increasing awareness about the health benefits of zinc and magnesium, such as immune system support, energy production, and muscle function, is expected to boost the growth of these segments. Overall, the Chelated Mineral Market is expected to witness significant growth in the coming years, driven by increasing health consciousness, rising demand for supplements, and expanding applications in various industries.
Chelated Mineral Market Chelation Technology Insights
The Chelated Mineral Market segmentation by Chelation Technology comprises Spray Drying, Microencapsulation, and Granulation. Spray Drying technology dominated the market in 2023, capturing nearly half of the Chelated Mineral Market revenue. It offers cost-effective production of chelated minerals with high stability and bioavailability. Microencapsulation technology is gaining traction due to its ability to protect chelated minerals from degradation and enhance their absorption. Granulation technology provides a controlled release of chelated minerals, making it suitable for applications in animal feed and fertilizers.This growth is attributed to increasing demand for fortified foods, supplements, and fertilizers globally.
Chelated Mineral Market Regional Insights
The Chelated Mineral Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for over 40% of the global revenue in 2023. The region is expected to witness significant growth over the forecast period, owing to increasing demand from the pharmaceutical and food beverage industries. Europe is the second-largest regional market, followed by APAC. The APAC region is expected to grow at the highest CAGR over the forecast period, driven by rising disposable income and increasing awareness about the benefits of chelated minerals.South America and MEA are expected to witness moderate growth over the forecast period. The market growth in these regions is primarily attributed to increasing urbanization and changing dietary patterns.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Chelated Mineral Market Key Players And Competitive Insights:
Key Chelated Mineral Market players focus on increasing their product range and global presence. Moreover, despite a highly competitive level in the industry, Chelated Mineral Market's crucial players work on increasing the number of their partnerships. There are two types of Chelated Mineral Market players: long-established companies and emerging ones. First, major Chelated Mineral Market players work on specific goals, such as creating new products, developing production, and increasing environmental sustainability, to match the demands of the diversified customer base. Chelated Mineral Market is at a partnership-driven stage and is highly competitive. Thus, firms frequently merge to strengthen their market positions and get access to new technologies and markets. Second, to ensure their presence and keep up with the pace of the dynamically changing industry, companies enter partnerships and establish collaborative relationships to work on particular product and service launches. The key factors in Chelated Mineral Markets include the growing awareness of chelated minerals’ health benefits, a shift to functional and super-fortified foods and beverages, and the increasing popularity of dietary supplements. ALBEMARLE is a major player in the Chelated Mineral Market and a live example of the realization of these principles in operations.ALBEMARLE is among the Chelated Mineral Market’s leaders who have recently acquired Rockwood and Chemetall, introducing a broad product range in various industries and markets, such as Foods and beverages, Industrial applications, Pharmaceutical components, and Animal nutrition. Besides, this player’s critical success factor lies in its high focus on innovation, and ALBEMARLE has a strong base and reputation for science and technology. As an extremely Chelated Mineral Market key player, ALBEMARLE has its distribution chain and cooperates with some of the best distributors globally. Besides, the company emphasizes environmental safety and social responsibility. BASF has a similar product range, with chelated minerals such as amino acid chelates or synthetic chelates. It is a strong competitor with a robust focus on the customer’s needs on the one hand and unique production capacities, and a world-famous distribution network on the other. BASF also targets energy-efficient production and waste reduction to meet the increasing demands of customers for environmentally sustainable pasta.
Key Companies in the Chelated Mineral Market Include:
Chelated Mineral Market Industry Developments
The Chelated Mineral Market is projected to reach USD 16.2 billion by 2032, exhibiting a CAGR of 6.44% during the forecast period (2024-2032). Rising demand for fortified food and beverages, coupled with increasing health consciousness among consumers, is driving market growth. Furthermore, the growing adoption of chelated minerals in animal feed to enhance nutrient absorption and animal health is also contributing to the market expansion.
Key industry participants are focusing on strategic partnerships, product innovations, and geographical expansions to gain a competitive edge. Recent developments include the launch of new chelated mineral products, such as Albion Minerals' Ferrochel Iron Glycinate, which offers enhanced bioavailability and absorption. Moreover, the increasing prevalence of anemia and iron deficiency is driving demand for chelated iron supplements, further propelling market growth.
Chelated Mineral Market Segmentation Insights
| Report Attribute/Metric | Details |
| Market Size 2022 | 8.68(USD Billion) |
| Market Size 2023 | 9.24(USD Billion) |
| Market Size 2032 | 16.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 6.44% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Borealis AG, Albaugh, Nouryon, KMG Chemicals, Cargill, Clariant, BASF, DowDuPont, Innospec, FMC Corporation, Chemetall, Eastman Chemical Company, Kemira, Solvay, Bayer |
| Segments Covered | Type, Application, Mineral Source, Chelation Technology, Regional |
| Key Market Opportunities | Increasing demand for fortified foods Rising awareness of mineral deficiencies Growing application in animal feed Technological advancements Expanding ecommerce platforms |
| Key Market Dynamics | Rising health consciousness Growing demand for fortified foods Increasing livestock production Technological advancements Expanding application scope |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Chelated Mineral Market size was valued at USD 9.24 billion in 2023 and is projected to reach USD 16.2 billion by 2032, exhibiting a CAGR of 6.44% during the forecast period.
North America is expected to hold the largest market share and is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing demand for chelated minerals in animal feed and fertilizers in countries like China, India, and Japan.
Chelated minerals are primarily used in animal feed, fertilizers, and human dietary supplements. In animal feed, chelated minerals enhance nutrient absorption and improve animal health. Fertilisers increase crop yield and quality by providing essential nutrients to plants in a readily available form. In human dietary supplements, chelated minerals support overall health and well-being.
Key players in the Chelated Mineral Market include Albion Laboratories, BASF, Corbion, Novus International, and Zinpro Corporation. These companies offer a wide range of chelated mineral products and solutions to meet the diverse needs of customers across various industries.
The growing demand for fortified food and beverages, the increasing awareness of the benefits of chelated minerals in animal nutrition, and the rising adoption of precision farming practices are key factors driving the growth of the chelated mineral market.
Fluctuations in raw material prices, stringent regulations regarding the use of chelated minerals in food and feed, and intense competition from generic products pose challenges to the growth of the chelated mineral market.
The rising demand for organic and natural chelated minerals, the development of innovative chelation technologies, and the increasing use of chelated minerals in personalized nutrition are emerging trends in the chelated mineral market.
The chelated mineral market is projected to grow at a CAGR of 6.44% from 2023 to 2032.
The animal feed segment is expected to hold the largest market share during the forecast period, owing to the increasing demand for chelated minerals in animal nutrition.
The COVID-19 pandemic had a moderate impact on the chelated mineral market. However, with the easing of lockdowns and the resumption of economic activities, the market is expected to rebound and continue its growth trajectory.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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