Chelated Minerals Global Market Report 2024

The chelated minerals market has grown strongly in recent years. It will grow from $4.32 billion in 2023 to $4.68 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The historical growth in the chelated minerals industry can be attributed to heightened awareness of micronutrient deficiencies, a growing demand for high-efficiency fertilizers, the expansion of the animal feed industry, the adoption of advanced agriculture practices, and government initiatives promoting the application of micronutrients.

The chelated minerals market is expected to see strong growth in the next few years. It will grow to $6.44 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The forecasted growth in the chelated minerals sector can be attributed to the ongoing expansion of precision agriculture, increasing awareness of sustainable farming practices, a growing demand for organic food production, the expansion of animal husbandry practices, and government support for sustainable agriculture. Notable trends in the forecast period include a rising demand for organic chelates, expanded applications in agriculture and aquaculture, the development of customized chelate solutions tailored for specific crops, innovation in chelation technologies, and a heightened focus on human nutrition and nutraceuticals.

The chelated minerals market is anticipated to experience growth due to the increasing demand for dietary supplements. These supplements, designed to complement the diet, are increasingly sought after by consumers. Chelated minerals, positioned as superior to other mineral supplements for their enhanced bioavailability, are expected to witness heightened demand as part of dietary supplement formulations. In 2021, the Council for Responsible Nutrition conducted a survey in the United States, revealing that 80% of adults aged 18 and older use dietary supplements, marking an increase from 73% in 2020. This surge in demand for dietary supplements contributes to the growth of the chelated minerals market.

The chelated minerals market is poised for growth driven by the increased production of aquatic animals globally. Aquatic animals, including fish, amphibians, and marine mammals, benefit from chelated minerals, which offer a more readily absorbable form of essential minerals, supporting overall health. According to the Biannual Report on Global Food Markets by the Food and Agriculture Organization, the global production of aquatic animals witnessed an estimated 1.2% increase in 2022, with a projected additional growth of 0.6% in 2023. This expansion in the production of aquatic animals contributes to the increasing demand for chelated minerals in the market.

Product innovation stands out as a prominent trend in the chelated minerals market, with major companies actively developing cutting-edge products to reinforce their market position. In May 2021, Chelated Minerals, a US-based biotech company, introduced The Chelates, a product fully reacting to chelated minerals. The uniqueness of The Chelates lies in its use of proprietary chelation technology, facilitating easy absorption without the adverse effects associated with inorganic minerals or maltodextrin content. This innovative solution is designed to create mineral and amino acid complexes through a chemical combination process.

Companies in the chelated minerals market are dedicated to progress, employing advanced methodologies such as the chelation process to optimize nutrient absorption. The chelation process is a chemical technique in which a chelating agent forms a stable complex with a metal ion, enhancing solubility and bioavailability across various applications. For example, in July 2023, Carus Laboratories, an India-based animal healthcare solutions manufacturer, unveiled Orgimet, a revolutionary poultry product. Orgimet utilizes a sophisticated chelation process with glycine-chelated trace minerals, ensuring maximum bioavailability and uptake. This approach leads to improved nutrient utilization, enhanced growth, and heightened disease resistance in poultry flocks.

In August 2022, Balchem Corporation, a US-based industrial gas company, executed the acquisition of Cardinal Associates Inc (Bergstrom Nutrition) for an undisclosed amount. This strategic move integrates Bergstrom Nutrition into Balchem’s Human Nutrition and Health business segment, specifically within the Minerals and Nutrients business unit. Cardinal Associates Inc (Bergstrom Nutrition) is a US-based biotech firm specializing in chelated minerals and human-grade choline supplements for application in nutrition and healthcare.

Major companies operating in the chelated minerals market report are Archer Daniel Midland Company, Koninklijke DSM N.V., Balchem Inc., Nutreco N.V., BASF SE, Kemin Industries Inc., Alltech Inc., Cargill Incorporated, Maru Chem Industries, Novus International Inc., Glanbia plc, Virbac Corporation, LMF Feeds Inc., Zinpro Corporation, Novotech Nutraceuticals Inc., Invivo Group, China National Bluestar Co. Ltd., Aesculap Implants Systems LLC, NOW Foods, Bluestar Adisseo Co. Ltd., Phoenix Nutrition, Phibro Animal Health Corporation, Lehmann&Voss&Co., Prathista Industries Limited, Titan Biotech Ltd., Cypress Systems Inc., CCL Healthcare, Pharmapack Asia Ltd., Medtronic PLC, Stryker Corporation.

North America was the largest region in the chelated minerals market in 2023. The regions covered in the chelated minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the chelated minerals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary categories of chelated minerals include calcium-chelated minerals, copper-chelated minerals, zinc-chelated minerals, chromium-chelated minerals, iron-chelated minerals, and others. For example, calcium chelate minerals consist of EDTA-chelated micro granules with 9.5% calcium content, addressing conditions related to low calcium levels, such as weak bones, bone loss, reduced parathyroid gland activity, and specific muscle disorders. Various chelating agents, including amino acids, polysaccharide complexes, and proteinate, are utilized in powder and liquid forms. These chelated minerals find applications in animal feed, dietary supplements, pharmaceuticals, functional food and beverages, among other sectors.

The chelating minerals market research report provides chelating minerals market statistics, including the chelating minerals industry's global market size, regional shares, competitors with a chelating minerals market share, detailed chelating minerals market segments, market trends, and opportunities, and any further data you may need to thrive in the chelating minerals industry. The chelating minerals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The chelated minerals market consists of sales of chromium, magnesium, and potassium-chelated minerals. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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