Trace Minerals (Chelated) in Feed Market

Trace Minerals (Chelated) in Feed Market Size & Growth 2026:

The Trace Minerals (Chelated) in Feed Market was at USD 472 million in 2021 and is anticipated to reach an extent of USD 608 million, recording a CAGR of 5.2% throughout the foreseen period (2022 - 2027).

Chelated trace minerals are also known as organic trace elements that are used in animal feed. They are needed in small quantities but play an important role in the growth and improvement of animal performance. Trace minerals increase the availability of these nutrients to animals and contribute to easy absorption, increasing livestock performance. Growing awareness among consumers of the benefits of these elements has driven demand for chelated trace minerals.

Impact of COVID-19 on Trace Minerals (Chelated) in Feed Market:

The impact of coronavirus on food consumption has affected the consumption of meat and livestock products and by-products, such as milk, eggs. This is mainly due to forage shortages following the closure of many facilitators and complete closure in most major countries. In addition, there is a greater skepticism among consumers towards the consumption of poultry products due to fear of the COVID-19 that is transmitted to humans through consumption. This has reduced the demand for animal feed on the world market. However, trace elements such as zinc are extremely essential in the diet of animals and humans to ensure optimal health. Zinc acts as an antiviral agent by preventing the replication of RNA viruses. It does this by inhibiting RNA-dependent RNA polymerase (RdRP), an enzyme that causes RNA viruses to replicate, such as coronaviruses or many others that are known to affect livestock and poultry. In addition to zinc, the trace elements selenium, copper, and manganese are necessary for the body and play a role in the adaptive and innate immune functions of animals. Countries like Spain, Italy and Belgium have already included feed supplies in their list of commodities.

Recent Developments:

1. In March 2019, Zinpro Corporation introduced its high-quality selenium trace mineral, known as Available Se, for the nations of European Union (EU). Available-Se enables Zinpro to offer another unique product that offers superior performance in the European market.
2. In April 2019, Zinpro Corporation launched ProPath LQ in the US market for use in liquid applications in all species. ProPath-LQ offers micronutrient uptake and absorption, biological efficacy, feeding flexibility and consistency in applications where solubility is critical.
3. In July 2020, Kemin Industries unveiled architectural renderings for a new quality control laboratory to be built on-site at its world headquarters in Des Moines, Iowa, USA.
4. In September 2020, Bluestar Adisseo Company acquired Framelco Group (Netherlands), which is a food additives company. Through this strategy, the company focuses on contributing to the growth of the specialty products segment to become one of the market leaders in specialty food ingredients for animal nutrition.

Drivers and Restraints of Trace Minerals (Chelated) in Feed Market:

With the increasing demand for meat and meat products and the rising importance of high protein diets among consumers around the world, the demand for blended foods has increased in Asia-Pacific, North America, and Europe. The Food and Agriculture Organization of the United Nations (FAO) estimates that by 2050, the demand for food products will increase by 60% and that of animal protein by 1.7% annually. The main feed-producing countries in the world are China, the United States, Brazil, Mexico, Spain, India, and Russia.

The rising demand for chicken and red meat has in such nations has also supported the expansion of trace minerals in the feed market. An increase in the number of feed mills could also be one of the main factors contributing to the overall increase in compound feed production. Forage products are one of the main factors that add to the total cost of animal production. It represents almost 70% of the total cost of animal production. According to FAO, of the total cost of feed, 95% is used to cover the energy and protein needs of livestock, 3% -4% is used for the main needs of minerals, trace elements and vitamins, and 1% - 2% for other food additives. Feed manufacturers assemble various grains and their by-products, amino acids, vitamin and mineral supplements, and feed additives at low cost, taking into account the nutrient content and unit cost of each of these products

Regulatory bodies such as the European Commission and the United States Department of Agriculture (USDA) have outlined the regulatory requirements for various food additives. Over the years, the limits for essential minerals, such as zinc, copper, and manganese have been lowered. However, minerals, such as selenium and chromium, were subjected to an upper limit application, which remained constant. Several changes have been made to the current maximum allowable zinc content in the feed, affecting the global trace minerals in the feed market.

REPORT COVERAGE:

Trace Minerals (Chelated) in Feed Market Segmentation:

Iron is one of the most important minerals necessary for the optimal functioning of the body. Iron cannot be ingested in its elemental form, so it is available in the form of oxides and carbonates. Red iron oxide, yellow iron oxide, ferrous sulfate, and iron carbonate are used as iron supplements. Ferrous compounds have been approved in recent years. As animal species are often deficient in iron, this causes oxidative stress and anemia, so iron is an important element to include in the diet.

When it comes to livestock, poultry is the segment that accounted for the largest market share as well as the highest growth rate of trace elements in the animal feed market. Global consumption peaked in 2019 and a continued upward trend in consumption is expected.

By chelate type, the amino acids segment accounted for the largest market share in 2019. Amino acids are the ideal chelating agents due to their ability to be easily absorbed by the animal body. This is due to the binding of amino acids to mineral molecules that create a more stable structure, helping the minerals to survive in the acidic environment of the stomach. Furthermore, trace elements are protected against various bacteria present in the body of animals and cannot be degraded by enzymes. It also inhibits the antagonistic action between metal ions and reduces the degradation of vitamins in food.

Based on its shape, the dry segment accounted for the majority in 2019. In fact, trace elements in dry form are able to withstand climatic conditions and have greater stability. Furthermore, the hygienic supply of these ingredients and the feeding system are relatively easy to manage.

Regional Analysis:

The global Trace Minerals (Chelated) in the Feed market has been divided by geography into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa. Europe is expected to dominate the market for chelated trace elements in animal feed during the outlook period due to the increasing need for more nutritious animal feed products. In Europe, strict regulations on food safety and awareness have increased, as well as strong demand for high-quality animal products. The North American market for chelated trace elements is growing at a rapid pace. The United States is the main contributor to the growth of the North American market for chelated trace minerals in animal feed. China, one of the largest producers of animal feed, is a major contributor to the Asia-Pacific market. The need for high-quality meat production drives demands around the world.

Leading Company:

Archer Daniels Midland Company had the largest share of the Trace Minerals (Chelated) in Feed Market in terms of sales and revenue in 2019.

Key Players:

Key players in the global Trace Minerals (Chelated) in Feed Market include Alltech, Bluestar Adisseo, Archer Daniels Midland Company, InVivo NSA, DLG Group, Nutreco N.V., Koninklijke DSM N.V., Kemin Industries, BASF SE, Cargill Inc and others.