The global chelated minerals market is anticipated to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 7.47%. By the conclusion of the forecast period (2022-2030), the market is anticipated to reach a value of USD 6,598.6 million, up from an estimated USD 3,735.0 million in 2022.
The demand for chelated minerals in dietary supplements is anticipated to increase significantly, as they are used to enhance digestion and increase immunity by enhancing the absorption process in the human body. This will benefit the key players in the market who are establishing and expanding their business. The process of chelated minerals is also being utilized to drive the overall market growth, which is facilitated by the most recent advancements in advanced technologies.
Market Segmentation
The global chelated minerals market is segmented into calcium, zinc, iron, magnesium, potassium, and other types based on their type. The global chelated minerals market was dominated by iron in 2022, with a value share of 23.85%. It is expected to continue to grow at a compound annual growth rate (CAGR) of 7.98% until 2030.
The Chelated Mineral Market's largest application segment is agriculture, which accounts for over 40% of the market. This is a result of the growing demand for chelated minerals in animal feed, which is intended to enhance the health and productivity of livestock.
Spray Drying, Microencapsulation, and Granulation comprise the Chelated Mineral Market segmentation by Chelation Technology.
The global market is segmented into amino acid complexes, organic acids, and proteinates based on agents.
The market has been categorized into online and offline based on the distribution channel.
The global chelated minerals market has been segmented into liquid, granules, tablets, and other forms.
Analysis of the Region
The global chelated minerals have also been analyzed, with North America, Europe, Asia Pacific, and the rest of the world being the main regions. In 2022, Asia Pacific maintained a 39.05% value share. The second-largest market share is attributed to North America. The chelated minerals market in the rest of the globe is expected to experience a significant increase in growth because of the increasing demand from countries in South America, the Middle East, and Africa.
Major Players
Borealis AG, Albaugh, Nouryon, KMG Chemicals, Cargill, Clariant, BASF, DowDuPont, Innospec, FMC Corporation, Chemetall, Eastman Chemical Company, Kemira, Solvay, and Bayer are among the key companies in the chelated mineral market.
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