Zinc Methionine Chelate Market

Zinc methionine chelates are an amino acid complex of zinc ions. The chelating agent in zinc methionine is methionine, an amino acid. Owing to the diversified and vital benefits of zinc in animals and humans make it an important part of overall health and body maintenance. The major two applications of zinc methionine chelate include pharmaceutical & dietary supplements and animal feed. The global zinc methionine chelates market is projected to reach USD 16,368.0 thousand by 2030 at a CAGR of 6.34% from 2022 to 2030. The growing demand for organic and natural feed products along with the increased adoption of chelated minerals as dietary supplements are positively impacting the growth of the market.

Based on form, the global zinc methionine chelates market is segmented into powder, liquid, and others. The powder segment accounted for the largest market share of 51.45% in 2021. The increasing use of zinc methionine powder in end-use industries is expected to drive the growth of the segment. Based on the application, the market is segmented into pharmaceuticals & dietary supplements, and animal feed. The animal feed segment accounted for the largest market share of 73.59% in 2021 and is expected to register a CAGR of 6.37% during the forecast period. The growing importance of animal nutrition and feed additives is positively impacting the growth of the segment during the forecast period.

Zinpro Corporation, Titan Biotech Ltd., Alltech, Chengdu Chelation Biology Technology Co., Ltd., and American Elements are the key players in the market. Rising cases of nutritional deficiency in animals due to zinc are expected to create opportunities for the market players during the forecast period. However, the regulations imposed by the local authorities and governments are hampering the growth of the market.