Zinc Methionine Chelate Market

The zinc methionine chelates market witnessed significant growth over the last few years and is projected to register a CAGR of 6.34% during the forecast period. The major growth drivers are the increasing demand for organic and natural feed products and the Increased adoption of chelated minerals as dietary supplements expected to create lucrative growth opportunities for players operating in the zinc methionine chelates market during the forecast period. However, the regulations imposed by the governments on the products may hinder the growth of the product.

The enlarged number of livestock farming has raised the key concerns of inadequate quality of the livestock, as most of the cases are showing the uneconomic production of livestock due to the rising nutritional deficiencies. Nowadays, a more commonly found problem in raising the calf, and other animals is lack of nutrition. Owing to the supply of inorganic materials, farmers around the globe are facing the key concerns of unhealthy livestock. Moreover, animal production has kept pace with the general trend toward rigorous production in recent agriculture, and methods experienced for high production of animal products or rapid growth and fattening for meat have formed many difficulties in animal nutrition. Besides, the key driver of the amplified production of compound feed is the evolution of the increasing demand for food by global consumers, there is a need to increase food production, which includes meat, dairy products, and eggs. This demand has led to an increase in the production of livestock. The aforementioned cases further clinch the requirement of providing nutrient-based food to the animals.

Furthermore, providing the zinc methionine chelates develops a solution to these problems as the diets are formulated to meet the requirement of delivering nutrient values to the livestock which enhances the total health. Additionally, animal nutrition is an important aspect, as it significantly impacts feed productivity, animal health, and sustainability. In certain scenarios where animal health care is technically more challenging, due to restrictions on the use of veterinary drugs (organic farming), the importance of feed has been boosted. Though there is a lack of commercially available permitted feed ingredients and the range of feed additives available in the market is limited.

In addition, the livestock industry is a significant supplier of global greenhouse gas emissions, a large part of which results from animal nutrition. Owing to the increased worldwide inhabitants and demand for animal protein, led to a constant growth in the volume and value of the minerals which are considered an important factor in the overall growth of animals. However, the adoption of highly nutritive animal feed by livestock farmers is being influenced by rising meat demand and rising industrial livestock production. Traditionally, the animal feed was associated with basic feeding, which consisted of providing a basic diet to livestock.

Zinc chelate of methionine sulfate is proposed to be utilized as a nutritional additive which is a functional compound of trace minerals. This additive is zinc methionine chelated with the 1:1 ratio of a molar. The functionality of this type of mineral is to provide necessary nutritional additives to all animal species. However, the strong regulations imposed on the production process have made the product a matter of concern. According to the European Food Safety Authority, the Zinc chelate of methionine provides extra nutritional additives however, the extra utilization of these minerals may cause skin and eye irritations. FEEDAP panel working under European Food Safety Authority has concluded that in some cases the use of these minerals is safe and secure. For instance, zinc chelates methionine are perfectly safe to use in chicken for fattening purposes.

Moreover, in North American countries, various processing standards are set by the authorities. For instance. The American Association of Feed Control Officials (AAFCO) has defined the various chelated minerals which are produced with amino acids, metal proteinates, and hydrolyzed protein, for which compounds may be derived from the slaughter by-product. Which is not included in the organic production of zinc-chelates. Owing to the limitations of the tolerance study, it could not be used for the assessment of safety for target animals. Additionally, the regulations and standard set by countries around the globe ensures the safety of animal feed, however, strong regulation may impact the overall consumption of the product. The above-mentioned are some of the key factors that may restrain the growth of zinc methionine chelate products.

The demand for animal feed has been growing since its utilization in the field of livestock farming has gained momentum. The zinc methionine chelates are zinc-based nutritional feed additives supplements that are commonly utilized in required portions. Consumers growing awareness of healthy feed additives has well supported the growth of these products. The major key players operating in the zinc methionine chelates are constantly focusing on the development of new products. The companies are further investing in research and development to produce more generic and authentic products that help in the growth of livestock. For instance, In February 2023, one of the key players producing methionine Evonik company, invested around 25 million Euros in its production plant to focus on the enlarge its capacities.

However, the high prices associated with chelated trace minerals as an additive in animal feed have been a topic of concern in the livestock and poultry industry. The cost incurred in the manufacturing of zinc methionine chelated is comparatively high which can be a major challenge faced by the market. Coupled with the rising prices of raw materials have been a prominent factor that may hinder the overall growth of zinc-based chelates. For instance, the according to the Department of Livestock Production, Vietnam, animal feed prices increased sharply in August 2022. In the first 6 months of 2022, the price of animal feed has been adjusted 5 times. Starting from July 1, 2022, the price of animal feed will continue to be increased from 240 to 400 VND/kg. The data shows the increased demand with the high prices of the products.

Moreover, the chelated trace minerals are an important element in animal feed that provide numerous benefits, including improved health and growth of livestock and poultry, as well as increased egg production and enhances meat quality. However, the high cost incurred for these minerals may affect the demand in the forecasted period. Additionally, the crisis happened because of the Russia-Ukraine war, major agricultural products supply chain has been disrupted badly, resulting in the high prices of animal feed products.