Key Trends Shaping the Trace Minerals (Chelated) in Feed Market

Northbrook, USA, 2020-Feb-24 — /EPR Network/ — The chelated feed trace minerals market is estimated at USD 431.2 Million in 2017 and is projected to reach USD 570.8 Million by 2022, at a CAGR of 5.8 % from 2017. In terms of volume, the market is projected to reach 128.0 KT by 2022. Chelated trace minerals play an important role in the growth and performance of the animals. Chelated trace minerals are required in small quantities but have a significant impact on the performance of the livestock. This increasing awareness about the benefits of chelated trace minerals among growers increases their usage in animal nutrition, particularly in the developed countries. The shift in dietary preferences towards a protein-rich diet, owing to health awareness and a rise in income levels among the population, drive the consumption of meat and other animal-based products. This has resulted in an increased demand for animal-based products, subsequently driving the production of livestock, which in turn, is fed using novel methods and products, ensuring an optimum nutrition level and feed conversion ratio. These factors are expected to boost the demand for chelated feed trace minerals. Increasing awareness about the precision nutrition techniques and the growth of the organized livestock sector in developing countries are other factors driving the growth of this market.

Standardization of meat products owing to disease outbreaks and increasing awareness about precision nutrition techniques to improve meat quality have led to the increased consumption of chelated trace minerals. Furthermore, growth in livestock production followed by an increase in the number of animal-based products and a continuous rise in meat consumption are other factors driving the global chelated feed trace minerals feed market.

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Chelated trace minerals are the minerals which are present in the livestock body and diet at levels less than 0.01% or 100 ppm. They are required in small quantities but play a significant role in the growth and performance of livestock. They are involved individually or collectively in general metabolism, reproduction, immunity, growth & development, and tissue repair.

In 2016, the poultry segment accounted for the largest share of the chelated feed trace minerals market in terms of value and is projected to grow at the highest CAGR from 2017 to 2022. Chelated trace minerals provide optimum mineral nutrition to poultry birds while including fewer minerals in the formulation. These minerals help reduce the overall cost of feed as they offer maximum benefits to the birds, in lower amounts compared to the other mineral sources.

North America is one of the largest producers of livestock and animal-based products in the world, with the US being a major producer. Growing production, as well as consumption of livestock and livestock-based products in this region, have enabled livestock producers to utilize feed with chelated trace minerals, as they are highly effective in promoting the healthier growth of animals and in improving the fertility rate. The US was the largest market for chelated feed trace minerals in North America in 2016. Furthermore, the presence of leading chelated trace minerals companies such as Cargill, ADM, DSM, BASF, and Nutreco in North America, and their continuous efforts for promoting their business in the chelated trace minerals segment through various strategies such as acquisitions and expansions are expected to drive the market for chelated feed trace minerals in this region.

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The chelated feed trace minerals market includes players such as Cargill (US), ADM (US), BASF (Germany), DSM (Netherlands), Nutreco (Netherlands), DLG Group (Denmark), InVivo (France), Bluestar Adisseo (China), Alltech (US), Phibro (US), Kemin (US), Zinpro (US), and  Novus (US).

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