Chelated Trace Minerals Market Size

Chelated Trace Minerals Market Growth Projections and Opportunities

The global chelated minerals market is poised for significant growth, with a projected Compound Annual Growth Rate (CAGR) of 7.47% during the review period, spanning from 2022 to 2030. As of 2022, the market was estimated to be USD 3,735.0 million, and it is expected to reach an impressive value of USD 6,598.6 million by the end of the forecast period. Several factors contribute to the optimistic outlook of the chelated minerals market, including the increasing demand for dietary supplements, advancements in technology, and the diverse applications of chelated minerals in various industries.

One of the key drivers of the chelated minerals market is the growing demand for dietary supplements containing chelated minerals. These supplements play a crucial role in enhancing immunity and improving digestion by boosting the absorption process in the human body. The ability of chelated minerals to form stable complexes with organic molecules enhances their bioavailability, making them more readily absorbed by the body. This heightened absorption efficiency contributes to the overall well-being of individuals, driving the demand for chelated mineral supplements and providing opportunities for key players in the market to establish and expand their businesses.

Advanced technologies are playing a pivotal role in shaping the chelated minerals market. The utilization of innovative processes in the production of chelated minerals is contributing to overall market growth. These technological developments not only enhance the efficiency of chelation processes but also expand the applications of chelated minerals across diverse industries. As technology continues to evolve, the market is likely to witness further advancements that will drive growth and open up new avenues for market players.

The segmentation of the chelated minerals market by type includes calcium, zinc, iron, magnesium, potassium, and others. Among these segments, iron emerges as a significant contributor, holding the largest market share with a value share of 23.85% in 2022. The iron chelated minerals segment is anticipated to grow at a robust CAGR of 7.98% until 2030. Iron chelates, also known as biochemical trace elements, serve as a claw to bind iron, keeping it in a soluble form accessible to plants. This is particularly important for plant nutrition as only nutrients dissolved in water can be effectively absorbed by plants. The use of chelated iron in fertilization is crucial due to its ability to prevent precipitation when in contact with other elements, contributing to the segment's continued growth during the forecast period.

The agents used for chelation play a crucial role in determining the effectiveness and applications of chelated minerals. The segmentation based on agents includes amino acids complexes, organic acids, and proteinates. Among these, amino acids complexes dominate the market, holding a major share of 72.47% in 2022. This segment is expected to continue its growth with a CAGR of 7.35% until 2030. Amino acid complexes enhance the bioavailability of chelated minerals, making them an essential choice in various applications, from agriculture to dietary supplements.