The Chelated Minerals Market sizerising consumer preference for protein-rich-food is expected to foster healthy growth of the market, states Fortune Business Insights, in a report, titled “Chelated Minerals Market Size, Share & Industry Analysis, By Type (Calcium chelated minerals, Copper chelated minerals, Zinc chelated minerals, Chromium chelated minerals, Iron chelated minerals), By Chelating Agent (Amino Acid, Polysaccharide Complex, Proteinate, Others), By Application (Animal Feed, Dietary Supplement, Pharmaceutical) and Regional Forecast, 2022-2029.” The growing consumption of minerals can foster the healthy growth of the market during the forecast period.
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The report on the chelated minerals market incorporates:
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Acquisition of Neovia by Archer Daniels Midland Company to Bolster Growth
The increasing collaborations and acquisitions among major companies can spur opportunities for the market. For instance, in January 2019, Archer Daniels Midland Company, a global food processing and commodities trading corporation, announced that it has acquired Neovia, to establish its market presence in value-added products and solutions for the manufacturing and service industry. This purchase was intended for the most comprehensive transformation of the company, increasing its human and animal nutrition capacities and at the same time widening its geographical reach. Furthermore, the demand for nutritious and healthy animal feed owing to the inclination towards animal welfare and health can have an extraordinary effect on the market. The surging consumer spending is expected to enable speedy expansion of the market. The high animal infections due to tainted food is expected to spur demand for chelated minerals, which, in turn, can boost the market. However, the presence of several small and big companies operating in the market is expected to hamper the growth of the market. The price rivalry among market players can restrict the development of the market.
Heavy Demand for Nutritional and High-Quality Animal Feed to Asia Pacific
Asia Pacific is expected to hold the largest share owing to the consumption and production in the region. Shifting consumer behavior and surging spending power can spur demand in the region. High production of feed and immense scope in the fishing industry is expected to enable speedy expansion of the market. The increasing knowledge about the benefits of synthetic trace minerals is expected to boost the market’s growth in North America. Europe is expected to experience a rapid growth rate owing to heavy demand for nutritional and high-quality animal feed in the region. Middle East and Africa is expected to proliferate due to the growing recognition and consumption of minerals in the region. However, the limited number of manufacturers is expected to thwart the growth of the market in Latin America.
August 21, 2018: BASF Animal Nutrition revealed that it has launched the next generation carotene formulations called Lucantin NXT. Propyl gallate and butylhydroxytoluene will maintain the next generation of carotenoids. This launch will help the company to improve its portfolio and gain a competitive edge over the market.
The Report Lists the Prominent Companies in the Global Chelated Minerals Market:
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