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Zinc Methionine Chelates Market Size, Share & Industry Trends Analysis Report By Livestock Type, By Regional Outlook and Forecast, 2021-2027

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    Report

  • 117 Pages
  • March 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5590117
The Global Zinc Methionine Chelates Market size is expected to reach $18.4 million by 2027, rising at a market growth of 6.6% CAGR during the forecast period.



Zinc methionine chelates are defined as zinc-based nutritional feed supplements that are routinely used in small amounts in animal feed. In addition, they are made by combining methionine with chelated zinc minerals. The main purpose of chelated minerals is to improve feed quality while also optimizing the immune system and metabolic processes. Immunity, fertility, hoof and skin integrity, milk production, eggshell quality, and muscular growth in animals are all aided by them. Zinc methionine chelates are more stable, water-soluble, and easily absorbed by the body than other supplements. As a result, they are commonly utilized to supplement the diets of livestock such as cattle, poultry, pigs, horses, and aquatic animals.

Zinc methionine is a chelated form of organic zinc that is used as a nutritional feed additive for animals. Additionally, zinc is an important trace mineral that may be found in every cell of a mammal. Zinc is essential for immunity, reproduction, skin and hoof health, muscle growth, milk production, and eggshell quality in animals. To increase absorption in animal feeds, zinc methionine chelates are made by mixing zinc with a mixture of amino acids and peptides. Decreased conception rates; higher retained placentas; hoof problems like strawberry heel, laminitis, and heel cracks; low-quality milk owing to excessive somatic cell count; and poor wound healing are all symptoms of zinc deficiency in the animal diet.

The increased need for animal-based products has directly boosted demand for zinc methionine chelates due to the high significance of animal nutrition and rising livestock rearing. In addition, chelated minerals provide greater absorption and overall utilization than inorganic minerals, resulting in a significant increase in sales of zinc methionine chelates in the last few years. Zinc methionine chelates are gaining popularity among livestock farmers since they improve the animal's overall performance and provide a natural alternative to synthetic feed additions. Due to a lack of proper nutrition in animal feed, zinc insufficiency has become very frequent in animals, which has increased the demand for zinc methionine chelates around the world.

COVID-19 Impact Analysis

The outbreak of COVID-19 has led to regional lockdowns, border restrictions, and transportation network breakdowns. Because of the growing number of affected persons and the uncertainty about when the crisis is expected to end, the economic uncertainty surrounding the COVID-19 outbreak is significantly higher than it was during previous outbreaks such as SARS, avian flu, bird flu, swine flu, and Ebola. The COVID-19 pandemic has had an influence on the zinc methionine chelates supply chain, as many nations have imposed quarantines and closed their borders to prevent the virus from spreading. Strict containment measures implemented by governments, as well as preventive steps to mitigate the outbreak's impact, have resulted in considerable transit restrictions, which have had a knock-on effect around the world.

Market driving Factors:


Booming livestock sector

Changes in consumer lifestyles and rapid population expansion around the world have increased meat consumption, resulting in increased animal population growth. According to the United Nations Food and Agriculture Organization, livestock accounts for almost 40% of overall agricultural output in industrialized countries and 20% in developing countries. The surge in milk, eggs, and meat consumption is fueled by a strong desire for animal-based protein and shifting consumer preferences. The livestock sector has grown in response to increased demand for meat and dairy products. Moreover, some of the key trends of the market are rising health consciousness and a rise in per capita disposable income.

Constantly growing fish consumption

The global economic slump had little effect on the global beef market, which remained optimistic. Because of changing nutrition patterns, urbanization, population increase, and economic growth, the developed as well as developing regions around the world is expected to be highly promising for meat consumption. According to Agriculture and Agri-Food Canada, for example, Chinese demand for beef continues to outstrip domestic supply. In addition, fish are high in protein and low in fats, cholesterol, and carbs. They also contain vitamins and amino acids that are necessary for good health. These factors have resulted in an increase in global demand, which is continually increasing as more people become aware of the health advantages of eating fish.

Marketing Restraining Factor:


The high popularity of Veganism

Meat products are a good source of vitamins, minerals, and other nutrients that are important for mental and physical development. These products, on the other hand, contribute significantly to animal cruelty. A large number of animals are slaughtered and packed before being given to clients. Animal cruelty is becoming more widely recognized, prompting the creation of a new trend known as veganism. In veganism, a person boycotts all the products that are gained through animal maltreatment. Furthermore, due to the concept of veganism, the advent of many alternatives to meat like plant-based meat and soy meat is declining the demand for the product. Veganism has given rise to a number of items with nutritional contents comparable to those of processed meat.

Livestock Type Outlook

Based on Livestock Type, the market is segmented into Swine, Poultry, Aqua, Equine, Bovine, and Pets. In 2020, the Swine segment acquired the maximum revenue share of the Zinc Methionine Chelates Market. Manufacturers have been compelled to develop high-quality, disease-free hog meat products for human consumption due to rising pork meat consumption. This has necessitated the use of feed additives. In addition, Zinc methionine chelates are commonly employed as feed additives or in the formulation of dietary supplements for swine to promote proper growth and reproductive health. Furthermore, zinc chelates promote animal health and minimize animal mortality.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, the APAC emerged as the leading region in the overall Zinc Methionine Chelates Market by procuring the maximum revenue share. The massive share of the regional market can be attributed to the increased consumer expenditure, rising consumption of animal products, and a thriving animal feed industry. Moreover, one of the key trends of the regional market is increased production and exports of feed additives in the area from important nations such as China and Japan. Zinc methionine chelates are largely used in animals to improve health, increase reproduction, and minimize the incidence of a variety of illnesses.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zinpro Corporation, Novus International, Inc., UNO Vetchem, Titan Biotech Ltd., JH Biotech, Inc., Balchem, Inc., Chengdu Chelation Biology Technology Co., Ltd., Alltech, and Priya Chemicals.
  • Apr 2021: Alltec introduced Bioplex Aqua Boost, the latest inclusion in its line of mineral management solutions. Moreover, Bioplex Aqua Boost is a water-soluble organic trace mineral and macromineral pack that is extremely bioavailable and chelated. Each of the ten essential minerals found in this one-of-a-kind product is essential for shrimp and fish development and productivity.
  • Mar 2021: Balchem Corporation expanded its geographical expansion by expanding its Covington, a Virginia-based manufacturing site to fulfill the rising demand for animal nutrition and health nutrients. Through this capacity expansion, the company is expected to double the production of major nutrients utilized for the animal nutrition and health markets around the world.
  • Oct 2018: Zinpro Corporation took over Paragon Specialty Products and CouvLotta, the two US companies involved in water-soluble-based animal nutrition and nutritional support products. Through this acquisition, Zinpro is expected to leverage the product diversification of the two companies, offering products line and nutritional approaches.

Scope of the Study


Market Segments Covered in the Report:


By Livestock Type

  • Swine
  • Poultry
  • Aqua
  • Equine
  • Bovine
  • Pets

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • Egypt
  • Tanzania
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • Zinpro Corporation
  • Novus International, Inc.,
  • UNO Vetchem
  • Titan Biotech Ltd.
  • JH Biotech, Inc.
  • Balchem, Inc.
  • Chengdu Chelation Biology Technology Co., Ltd.
  • Alltech
  • Priya Chemicals

Unique Offerings from the publisher

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Zinc Methionine Chelates Market, by Livestock Type
1.4.2 Global Zinc Methionine Chelates Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Zinc Methionine Chelates Market by Livestock Type
3.1 Global Swine Market by Region
3.2 Global Poultry Market by Region
3.3 Global Aqua Market by Region
3.4 Global Equine Market by Region
3.5 Global Bovine Market by Region
3.6 Global Pets Market by Region
Chapter 4. Global Zinc Methionine Chelates Market by Region
4.1 North America Zinc Methionine Chelates Market
4.1.1 North America Zinc Methionine Chelates Market by Livestock Type
4.1.1.1 North America Swine Market by Country
4.1.1.2 North America Poultry Market by Country
4.1.1.3 North America Aqua Market by Country
4.1.1.4 North America Equine Market by Country
4.1.1.5 North America Bovine Market by Country
4.1.1.6 North America Pets Market by Country
4.1.2 North America Zinc Methionine Chelates Market by Country
4.1.2.1 US Zinc Methionine Chelates Market
4.1.2.1.1 US Zinc Methionine Chelates Market by Livestock Type
4.1.2.2 Canada Zinc Methionine Chelates Market
4.1.2.2.1 Canada Zinc Methionine Chelates Market by Livestock Type
4.1.2.3 Mexico Zinc Methionine Chelates Market
4.1.2.3.1 Mexico Zinc Methionine Chelates Market by Livestock Type
4.1.2.4 Rest of North America Zinc Methionine Chelates Market
4.1.2.4.1 Rest of North America Zinc Methionine Chelates Market by Livestock Type
4.2 Europe Zinc Methionine Chelates Market
4.2.1 Europe Zinc Methionine Chelates Market by Livestock Type
4.2.1.1 Europe Swine Market by Country
4.2.1.2 Europe Poultry Market by Country
4.2.1.3 Europe Aqua Market by Country
4.2.1.4 Europe Equine Market by Country
4.2.1.5 Europe Bovine Market by Country
4.2.1.6 Europe Pets Market by Country
4.2.2 Europe Zinc Methionine Chelates Market by Country
4.2.2.1 Germany Zinc Methionine Chelates Market
4.2.2.1.1 Germany Zinc Methionine Chelates Market by Livestock Type
4.2.2.2 UK Zinc Methionine Chelates Market
4.2.2.2.1 UK Zinc Methionine Chelates Market by Livestock Type
4.2.2.3 France Zinc Methionine Chelates Market
4.2.2.3.1 France Zinc Methionine Chelates Market by Livestock Type
4.2.2.4 Russia Zinc Methionine Chelates Market
4.2.2.4.1 Russia Zinc Methionine Chelates Market by Livestock Type
4.2.2.5 Spain Zinc Methionine Chelates Market
4.2.2.5.1 Spain Zinc Methionine Chelates Market by Livestock Type
4.2.2.6 Italy Zinc Methionine Chelates Market
4.2.2.6.1 Italy Zinc Methionine Chelates Market by Livestock Type
4.2.2.7 Rest of Europe Zinc Methionine Chelates Market
4.2.2.7.1 Rest of Europe Zinc Methionine Chelates Market by Livestock Type
4.3 Asia Pacific Zinc Methionine Chelates Market
4.3.1 Asia Pacific Zinc Methionine Chelates Market by Livestock Type
4.3.1.1 Asia Pacific Swine Market by Country
4.3.1.2 Asia Pacific Poultry Market by Country
4.3.1.3 Asia Pacific Aqua Market by Country
4.3.1.4 Asia Pacific Equine Market by Country
4.3.1.5 Asia Pacific Bovine Market by Country
4.3.1.6 Asia Pacific Pets Market by Country
4.3.2 Asia Pacific Zinc Methionine Chelates Market by Country
4.3.2.1 China Zinc Methionine Chelates Market
4.3.2.1.1 China Zinc Methionine Chelates Market by Livestock Type
4.3.2.2 Japan Zinc Methionine Chelates Market
4.3.2.2.1 Japan Zinc Methionine Chelates Market by Livestock Type
4.3.2.3 India Zinc Methionine Chelates Market
4.3.2.3.1 India Zinc Methionine Chelates Market by Livestock Type
4.3.2.4 Australia Zinc Methionine Chelates Market
4.3.2.4.1 Australia Zinc Methionine Chelates Market by Livestock Type
4.3.2.5 South Korea Zinc Methionine Chelates Market
4.3.2.5.1 South Korea Zinc Methionine Chelates Market by Livestock Type
4.3.2.6 Malaysia Zinc Methionine Chelates Market
4.3.2.6.1 Malaysia Zinc Methionine Chelates Market by Livestock Type
4.3.2.7 Rest of Asia Pacific Zinc Methionine Chelates Market
4.3.2.7.1 Rest of Asia Pacific Zinc Methionine Chelates Market by Livestock Type
4.4 LAMEA Zinc Methionine Chelates Market
4.4.1 LAMEA Zinc Methionine Chelates Market by Livestock Type
4.4.1.1 LAMEA Swine Market by Country
4.4.1.2 LAMEA Poultry Market by Country
4.4.1.3 LAMEA Aqua Market by Country
4.4.1.4 LAMEA Equine Market by Country
4.4.1.5 LAMEA Bovine Market by Country
4.4.1.6 LAMEA Pets Market by Country
4.4.2 LAMEA Zinc Methionine Chelates Market by Country
4.4.2.1 Brazil Zinc Methionine Chelates Market
4.4.2.1.1 Brazil Zinc Methionine Chelates Market by Livestock Type
4.4.2.2 Argentina Zinc Methionine Chelates Market
4.4.2.2.1 Argentina Zinc Methionine Chelates Market by Livestock Type
4.4.2.3 Egypt Zinc Methionine Chelates Market
4.4.2.3.1 Egypt Zinc Methionine Chelates Market by Livestock Type
4.4.2.4 Tanzania Zinc Methionine Chelates Market
4.4.2.4.1 Tanzania Zinc Methionine Chelates Market by Livestock Type
4.4.2.5 South Africa Zinc Methionine Chelates Market
4.4.2.5.1 South Africa Zinc Methionine Chelates Market by Livestock Type
4.4.2.6 Nigeria Zinc Methionine Chelates Market
4.4.2.6.1 Nigeria Zinc Methionine Chelates Market by Livestock Type
4.4.2.7 Rest of LAMEA Zinc Methionine Chelates Market
4.4.2.7.1 Rest of LAMEA Zinc Methionine Chelates Market by Livestock Type
Chapter 5. Company Profiles
5.1 Balchem Corporation
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Regional & Segmental Analysis
5.1.4 Research & Development Expenses
5.1.5 Recent strategies and developments:
5.1.5.1 Geographical Expansions:
5.2 Zinpro Corporation
5.2.1 Company Overview
5.2.2 Recent strategies and developments:
5.2.2.1 Acquisition and Mergers:
5.3 Alltech, Inc.
5.3.1 Company Overview
5.3.2 Recent strategies and developments:
5.3.2.1 Product Launches and Product Expansions:
5.4 Novus International, Inc. (Mitsui & Co., Ltd.)
5.4.1 Company Overview
5.4.2 Financial Analysis
5.5 UNO Vetchem
5.5.1 Company Overview
5.6 JH Biotech, Inc.
5.6.1 Company Overview
5.7 Chengdu Chelation Biology Technology Co., Ltd.
5.7.1 Company Overview
5.8 Priya Chemicals
5.8.1 Company Overview
5.9 Titan Biotech Ltd.
5.9.1 Company Overview
5.9.2 Financial Analysis
5.9.3 Regional Analysis

Companies Mentioned

  • Zinpro Corporation
  • Novus International, Inc.,
  • UNO Vetchem
  • Titan Biotech Ltd.
  • JH Biotech, Inc.
  • Balchem, Inc.
  • Chengdu Chelation Biology Technology Co., Ltd.
  • Alltech
  • Priya Chemicals

Methodology

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Table Information