COVID-19 Impact on Zinc Methionine Chelates Market
- On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.
- Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
- Manufacture of various consumer goods and other products across the globe came to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the zinc methionine chelates market.
Key Drivers and Restraints of Zinc Methionine Chelates Market
- Zinc methionine chelates are zinc-based nutritional feed supplements commonly added to animal feed in small quantities. Rising consumer awareness regarding nutritional requirements and deficiencies in animals is anticipated to increase the consumption of feed additives. This, in turn, is predicted to drive the demand for zinc methionine chelates.
- Zinc methionine chelate-enriched animal feed aids in the production of premium-quality and disease-free meat products, which are suitable for human consumption. In line with this, the increasing adoption of chelated minerals as a dietary supplement for domesticated animals, especially in urban areas, is expected to drive the market during the forecast period.
- Various product innovations such as the launch of natural and organic feed products are boosting the market. Significant growth of the agriculture industry with extensive R&D activities is anticipated to drive the market during the forecast period.
Zinc Methionine Chelates: Grade Segment
- In terms of grade, the global zinc methionine chelates market can be divided into food grade and feed grade
- The feed grade segment is projected to hold major share of the global zinc methionine chelates market during the forecast period. Feed grade refers to products that are designed for animals, including pets, farm livestock, and zoo animals. Feed grade materials are not certified as safe for human consumption. Feed grade has many uses and offers excellent health benefits for animals.
- The food grade segment is projected to follow the feed grade segment during the forecast period. Food grade often refers to products that are certified as safe for human consumption. These include nuts, spices, rice, supplements, sugar, and flour.
Zinc Methionine Chelates: Livestock Segment
- Based on livestock, the global zinc methionine chelates market can be segmented into bovine, poultry, swine, equine, aqua, pets, and others
- The swine segment is projected to gain higher share of the global market during the forecast period. Rise in consumption of pork meat has compelled manufacturers to produce high-quality, disease-free meat products for human consumption. This has boosted the need for feed additives. Zinc methionine chelates are generally used as additives in swine feed or included in dietary supplement formulation in order to ensure proper growth of animals. They also help improve the reproductive health in animals. In addition, zinc chelates reduce the mortality rate in animals. This is expected to positively influence the swine segment, thus boosting the market in the near future.
- The aqua segment is also projected to hold key share of the global zinc methionine chelates market in the near future. Rising consumption of fish and fish products has led to an increase in demand for high-quality and disease-free products. This is expected to drive the demand for aquafeed additives, thereby boosting the consumption of zinc methionine chelates in feed formulations. Expansion of the global aquaculture industry, due to the rise in consumption of marine food products such as prawns and shrimps, is also estimated to fuel the demand for zinc methionine chelates during the forecast period.
Asia Pacific to Hold Leading Share of Zinc Methionine Chelates Market
- In terms of region, the zinc methionine chelates market can be segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- Asia Pacific is expected to hold major share of the global zinc methionine chelates market, followed by North America and Europe, during the forecast period. Increase in consumer spending on food products, rise in consumption of animal products, and flourishing animal feed industry are likely to drive the market for zinc methionine chelates in Asia Pacific. Growth in consumption of meat and meat products in the region has generated a need to focus on animal health and hygiene. This is driving the demand for feed additives. Thus, rise in demand for feed additives is likely to boost the market for zinc methionine chelates in Asia Pacific.
- The zinc methionine chelates market in Europe and North America is projected to expand at a rapid pace in the near future
Key Manufacturers Operating in Zinc Methionine Chelates Market
The zinc methionine chelates market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the zinc methionine chelates market include:
- Zinpro Corporation
- NOVUS INTERNATIONAL
- UNO VETCHEM
- Titan Biotech Ltd.
- JH Biotech Inc.
- Balchem Inc.
- Chengdu Chelation Biology Technology Co., Ltd.
- Chaitanya Agro Bio-tech Pvt. Ltd.
Zinc Methionine Chelates: Research Scope
Zinc Methionine Chelates Market, by Grade
- Food Grade
- Feed Grade
Zinc Methionine Chelates Market, by Livestock
Global Zinc Methionine Chelates Market, by Region
- North America
- Russia & CIS
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
Zinc Methionine Chelates: Introduction
- Zinc methionine chelates are usually used in minute quantities in animal feed. Primary raw materials used for manufacturing chelated zinc minerals are methionine and zinc. Zinc methionine chelates are generally made by processing trace minerals with organic molecules such as amino acids and polysaccharides for easy absorption.
- The primary function of chelated minerals is to improve the quality of feed and optimize animals’ immune system and metabolic processes
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