Chelated Minerals Market to Reach US$ 7.38 Bn by 2031; Awareness of Health and Nutritional Benefits Propel Popularity: Notes TMR Study

Chelated Minerals Market to Reach US$ 7.38 Bn by 2031; Awareness of Health and Nutritional Benefits Propel Popularity: Notes TMR Study

PR Newswire

ALBANY, N.Y., Jan. 10, 2022

- Dietary supplements manufacturers strengthening distribution and supply chains to tap into revenue streams from use of chelated minerals in human and animal nutrition

- Growing application of chelated minerals in the animal feed industry to open up lucrative avenues; opportunities to rise rapidly in Asia Pacific market

ALBANY, N.Y., Jan. 10, 2022 /PRNewswire/ -- Manufacturers in the chelated minerals market are continuously expanding their customer base on the back of the growing awareness about their nutritional and dietary benefits. They have been extensively utilized in manufacturing various dietary supplements for both human consumption and animal feed. Several companies are conducting extensive R&D to develop new feed formulations for ruminants, swine, poultry, and aquaculture.

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The global chelated minerals market is projected to advance at CAGR of 7.5% during the forecast period of 2021- 2031. The growing preference of chelated minerals over inorganic minerals can be ascribed to the former's better bioavailability.

Strides in the nutraceuticals industry have spurred awareness of these in promoting health and preventing disease. Other lucrative applications are agriculture, cosmeceutical, and animal feed. The widespread use of chelated minerals in the agriculture sector has led the application segment to hold a sizable market share in 2020, finds a TMR study on the chelated minerals market.

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Key Findings of Chelated Minerals Market Study

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Chelated Minerals Market: Key Drivers

Chelated Minerals Market: Regional Growth Dynamics

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Key Players

Some of the key players in the chelated minerals market are:

Chelated Minerals Market Segmentation

Chelated Minerals Market by Type

Chelated Minerals Market by Chelate Type

Chelated Minerals Market by Application

Chelated Minerals Market by Region

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