Zinc Methionine Chelates Market Size

Global Zinc Methionine Chelates Market Overview

Zinc Methionine Chelates Market Size was valued at USD 16,386.0 thousand in 2021. The Zinc Methionine Chelates Market Industry is projected to grow from USD 16,386.0 thousand in 2021 to USD 27,794.5 million by 2030, exhibiting a compound annual growth rate (CAGR) of 6.34% during the forecast period (2022 - 2030). The growth and development of various organisms including animals and humans are carried out by various nutrients like minerals and vitamins. Minerals are responsible for several biological and chemical functions in the body of an organism. They act as a catalyst, electrolytes, antioxidants, etc. One of the subsets of minerals is trace minerals which are required in minimal amounts for better functioning and health of an organism. Zinc, one of the eleven trace minerals is part of more than 300 enzymes and hormones. It also has an important role in the production of insulin, DNA, and RNA synthesis. The trace mineral, Zinc is responsible for the facilitation of immune response, protein synthesis, hair maintenance, and the repair & renewal of cells. Chelated zinc is a form of mineral designed for the better absorption of zinc across the digestive tract. The other significant benefits of chelated zinc use include healthy skin, better connective tissue, and prostate function.

Zinc for animal and human consumption is either in organic or inorganic compound forms. Owing to higher bioavailability, better absorption, and improved utilization of zinc, zinc chelates are being chosen as an alternative to organic zinc compounds like zinc oxide and zinc sulfates. Amino acid chelates of zinc are the most common form of zinc chelates. Zinc methionine is formed by the 11 molecule combination of zinc ion and methionine amino acid. Methionine is one of the essential amino acids involved in the body's protein, has antioxidant properties, and supports essential fatty acid metabolism. The various benefits of zinc methionine include support and maintenance of cellular health, eye health, skin health, prostate health, hair health, nail health, reproductive health, and digestive health. It also benefits muscle function and nerve functions.

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Zinc Methionine Chelates Market Trends

• Growing Demand for The Organic and Natural Feed Products

There has been an increased inclination among consumers for organic products that are produced without any synthetic substances. It has been observed that the demand for organic products has grown tremendously in most developed countries worldwide in the past few years. According to MRFR analysis, the global organic products market was valued at USD 104.6 billion in 2019, registering a CAGR of approximately 6.5% from 2020 to 2028. Additionally, animal feed is required to be more nutritious and organic in nature. The natural inclusion of zinc in the minerals helps the animal to increase immunity power, reproduction, and muscle development. Although the huge number of transition metals bizarrely persuades oxidative deterioration of biological macromolecules that includes proteins, lipids, and trace minerals which act as a special dietary enhancement. The organic and natural zinc-based minerals further create importance as it provides a wide range of biological functions in animal and human health. Its presence in the diet helps in antioxidant and immune functionality which maintains and stabilizes operational integrity.

Moreover, the increased global consumption of organic livestock has distinguished the inclined preferences of consumers toward more sustainable and natural products. Organic animal feeding is measured among the potential strategies of feeding wherein it influences the total feed efficacy of the animals. However, there is a lack of commercially available permitted feed ingredients, and the range of the products is inadequate to some extent. Furthermore, the collective consciousness of animal welfare and the need to produce safe and healthy food products has led to the development of enhanced-quality and nutritionally balanced compound feed that caused decreased animal health problems, such as digestive ailments, and an improvement in animal performance, including increased weight gain and improved reproductive performance. According to the studies it has been observed, binding zinc with amino acids thereby improves milk production, growth, reproduction, and overall health status of livestock. Moreover, tapping the opportunities in the growing market, key manufacturers in the industry have been constantly focusing on the launch of innovative products. For instance, in 2021, the Alltech company, one of the major key players in the mineral market launched its organic Bioplex zinc trace mineral in the global market.

Zinc Methionine Chelates Market Segment Insights

Zinc Methionine Chelates Form Insights

The Zinc Methionine Chelates Market segmentation, based on the form, includes powder, granular, and others. The powder segment held the majority share in 2021 contributing to around 51.46% concerning the Zinc Methionine Chelates Market revenue. Powder zinc methionine is one of the common forms of the mineral. It is mostly available in white or off-white or grayish-white color and has a characteristic odor of methionine. They are also referred to as crystalline powders or granular powders. The powder form is used as an ingredient in animal feed formulations. The increasing use of powder form in end-use industries is expected to drive the growth of the market. The segment accounted for a market share of 51.45% in 2021 and is expected to grow at a CAGR of 6.50% from 2022 to 2030. This is poised to positively impact the zinc methionine chelates industry in the forecast period.

January 2023 Alltech Crop Science acquired Ideagro, a pioneer in agri-food research and development. Through the combination of two industry-leading platforms, Alltech Crop Science can now offer its global clients better biological and other microorganism-based services while also accelerating soil and crop research.

September 2021 As an official sponsor and supplement provider, Alltech partnership with the World Equestrian Center. The new Alltech Lifeforce premium equine supplement brand will also act as the official equine supplement provider for competitors and their horses at the World Equestrian Center - Ocala.

Figure 2 Zinc Methionine Chelates Market, by Form, 2021 & 2030 (USD Million)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Zinc Methionine Chelates Application Insights

The Zinc Methionine Chelates Market data has been bifurcated by application into pharmaceutical & dietary supplements and animal feed. Zinc is one of the most common nutrients which has a vital function in more than 300 enzymes and hormones. Chelated trace minerals are extensively used as an ingredient in the feeds and diets of various animals. Zinc chelates help in better absorption and availability for animals, especially poultry and ruminants. Zinc methionine is a chelated organic mineral that improves the bioavailability of zinc for absorption and aids in growth, reduction of zinc excretion, and environmental pollution. The other significant role of zinc methionine in animal health systems include muscle development, reproduction, immunity, eggshell quality, milk production, and skin & hoof integrity. It also poses antioxidant properties and has reduced antagonistic behaviors compared to inorganic zinc compounds like zinc oxide, zinc carbonates, etc. The growing excessive supplementation of trace minerals in livestock feeding like inorganic compounds and increased environmental pollution are driving the use of chelated forms in animal feed which in turn boosts the growth of the segment. In addition, the growing importance of animal nutrition and feed additives is also expected to drive the growth of the segment in zinc methionine chelates industry during the forecast period.

Figure 2 Zinc Methionine Chelates Market, by Application, 2021 & 2030 (USD Million)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

Zinc Methionine Chelates Regional Market Insights

By Region, the study segments the market into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is the largest region in the Zinc Methionine Chelates market with a market share of 37.39% in 2021 and is likely to register the highest CAGR of 6.67% during the projected period.

Figure 3 ZINC METHIONINE CHELATES MARKET SHARE BY REGION 2021 (%)

Source Secondary Research, Primary Research, MRFR Database and Analyst Review

The North America zinc methionine chelates market is expected to expand at a significant rate over the projected period, according to Market Research Future. North America region comprises the US, Canada, and Mexico. According to the United States Department of Agriculture (USDA) data, the per capita consumption of chicken meat stands at 68.1 pounds in America. Statistics from USDA and Economic Research Service highlight that the per capita consumption of the same is expected to reach 101.6 pounds by 2031 from 98.6 pounds in 2023. In addition, the per capita consumption of pork is expected to increase in the forecast period at a considerable rate. Moreover, the increasing per capita income and the wealthy population are leading to increased demand for meat-based protein. This translated to more focus on rearing healthy animals which results in better meat and growth performance. Zinc methionine has proven benefits in animal production including chicken and pork. Thus, the increasing demand for these meat and meat-based products is expected to boost the demand for zinc methionine during the forecast period.

Europe’s zinc methionine chelates market accounts for the second largest market share as of 2021. According to the Directorate-General for Agriculture and Rural Development of European Commission data, the annual poultry meat production stands at 13.4 million tons and the per capita consumption of poultry meat is expected to reach 24.6 kg by 2030 from the current levels of 23.8 kg. EU agricultural outlook 2021-31 data highlights that milk production is also expected to register an upward trend marking a volume of 162 million tons by 2031. Thus, the increasing demand for meat, dairy, and poultry products is expected to drive the growth of zinc methionine in the region. Also, the changing lifestyle and increasing adoption of healthy diets are expected to boost the use of zinc methionine as a dietary supplement.

Asia-Pacific zinc methionine chelates market accounts for the largest market share as of 2021. China Zinc Methionine Chelates market accounts for the major share in the region. According to International Zinc Association, among the various micronutrient deficiency, zinc deficiency is the most common in the Chinese population. A scientific research study conducted by China Agricultural University, Beijing has stated that around 86 million Chinese has suffered due to insufficient intake of zinc and has witnessed stunting in 10 million children. Another research study conducted among the elderly population considered under China Adult Chronic Disease and Nutrition Surveillance 2015 highlighted that zinc deficiency is prevalent among the elderly population. One of the primary reasons for zinc deficiency is the low-level intake of dietary zinc. Zinc deficiency impacts body health and leads to hair loss, lower cognitive ability, loss of smell and taste senses, etc. To overcome the challenge, various initiatives are being taken at the agriculture and product innovation level in China. In addition, the prevalence of zinc deficiency is expected to create opportunities for zinc chelates as dietary supplements including zinc methionine.

The South America zinc methionine chelates market hold the largest market share in the region. Countries in these regions have bans on antimicrobial usage in livestock production. For instance, in 2018, Brazil issued a ban on the use of antimicrobials including virginiamycin, tiamulin, tylosin, bacitracin, and lincomycin in animal feed for livestock growth and development. Also, countries like Namibia and South Africa have a ban on the same in the cattle and poultry species respectively. Academic scientific studies on the alternative uses of antimicrobials in animal production suggest the use of cheated trace minerals. Hence, the increasing focus on antimicrobial alternatives is expected to create opportunities for zinc methionine chelates market during the forecast period.

Zinc Methionine Chelates Key Players & Market Competitive Landscape

The zinc methionine chelates market is expected to expand thanks to the heavy investment in research and development by market major players. Recent market statistics show that new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations are just some of the strategic steps market participants are doing to expand their global footprint, broaden their market outlook and focus on market growth.

There are numerous worldwide, regional, and local players in the market for zinc methionine chelates. There is a lot of competition in the market, and everyone is trying to expand their part of it. While tier-1 and tier-2 corporation control over ~67-70% of the worldwide market share between them, tier-3 companies make up the rest of the pie. A number of factors, including market and economic growth, government laws, and technological progress, affect how quickly and how large market players can expand. As a result, businesses in the sector need to concentrate on increasing output to keep up with demand and bettering their offerings to grow in line with the expected market forecast.

Latest market report from Market Research Future portrays the leading players in the zinc methionine chelates industry, which include Zinpro Corporation (US), Titan Biotech Ltd (India), Alltech (US), Chengdu Chelation Biology Technology Co., Ltd. (China), American Elements (US), UNO Vetchem (India), JH Biotech Inc. (US), Brihans Laboratories Pvt. Ltd. (India), Novus Interantional (US) and Global Animal Products (US). Most of these firms are investing R&D resources into creating quality zinc methionine chelates. Despite the dominance of global corporations, a number of regional and local players with relatively minor market shares are present as well. In key markets like North America, Europe, Asia-Pacific, the Middle East & Africa, and South America, the global players who have established production facilities or sales offices have expanded their operations.   

Key Companies in the Zinc Methionine Chelates Market include

• Zinpro Corporation (US)


• Titan Biotech Ltd (India)


• Alltech (US)


• Chengdu Chelation Biology Technology Co., Ltd. (China)


• American Elements (US)


• UNO Vetchem (India)


• JH Biotech Inc. (US)


• Brihans Laboratories Pvt. Ltd. (India)


• Global Animal Products (US)


• Novus Interantional (US)

Zinc Methionine Chelates Industry Market Developments

November 2022 The Alltech company opened its new manufacturing plant in the Vietnam. The new plant will be producing organic mineral product. The facility will be having around 7,000 metric tons capacity of production per year.

April 2021 The Novus International company established its corporate office in Southern region of India. Located in Bengaluru, the company aims at expanding its business activities in the South Asia region.

August 2021 Nutreco had formed two joint ventures with two indirect subsidiaries of Unga Group Unga Farm Care (EA) Limited in Kenya and Unga Millers (U) Limited in Uganda to meet the growing demand for high-quality protein within the East African region.

February 2018 Kemin Industries launched its trace minerals production line in the Middle East. It will be responsible to produce organic minerals products such as KemTrace chromium and Trace Zinc.

February 2018 The Trouw Nutrion company launched its cutting-edge mobile nutrition technology for farmers, which takes control of the production. The NutriOpt On-site Adviser gives farmers and feed producers the capability to access real-time raw materials data and nutritional expertise on-site.

Zinc Methionine Chelates Market Segmentation

Zinc Methionine Chelates Form Outlook

• Powder


• Liquid


• Others

Zinc Methionine Chelates Application Outlook

• Pharmaceutical & Dietary Supplement


• Animal Feed
  
  
  
  • Bovine
  
  
  • Poultry
  
  
  • Swine
  
  
  • Aqua
  
  
  • Others
  
  
  
  

Zinc Methionine Chelates Regional Outlook

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  North America

  
  
  
  
  • US
  
  
  • Canada
  
  
  • Mexico
  
  
  
  


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  Europe

  
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific

  
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia & New Zealand
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Rest of the World

  
  
  
  
  • 
    

    South America

    
    
  
  
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    Middle East

    
    
  
  
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    Africa