North America Chelated Trace Mineral Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 9.0% from 2024 to 2030.
The North American market for chelated trace minerals is experiencing significant growth, driven by their essential role in various industries. These minerals, which include zinc, iron, cobalt, copper, and chromium, are vital for numerous biological functions and are increasingly utilized across multiple sectors.
Animal Feed Industry
In the animal feed industry, chelated trace minerals are crucial for enhancing animal health and productivity. They improve the bioavailability of essential nutrients, leading to better growth rates, feed efficiency, and overall health in livestock. This is particularly important in the United States and Canada, where advanced agricultural practices demand high-quality feed additives to meet the growing consumer demand for quality animal products. The adoption of precision feeding practices further drives the need for these minerals, as they allow for the precise delivery of essential nutrients, maximizing animal health and productivity. citeturn0search0
Dietary Supplements
In the dietary supplement sector, chelated trace minerals are valued for their superior absorption rates compared to traditional inorganic forms. This enhanced bioavailability ensures that consumers receive the full benefits of these essential nutrients, supporting overall health and well-being. The growing health consciousness among consumers in North America has led to an increased demand for supplements containing chelated minerals, as individuals seek to address potential deficiencies and improve their nutritional intake. citeturn0search1
Agriculture and Fertilizers
In agriculture, chelated trace minerals are utilized in fertilizers to improve the availability of essential micronutrients for plants, leading to better growth and crop yield. This application is particularly relevant in regions with nutrient-deficient soils, where the use of chelated minerals can enhance soil fertility and support sustainable farming practices. The adoption of chelated minerals in fertilizers aligns with the growing emphasis on sustainable agriculture and environmental stewardship in North America. citeturn0search2
Pharmaceuticals
In the pharmaceutical industry, chelated trace minerals are used in animal medications and fortified products to treat various health conditions. Their enhanced absorption properties make them effective in addressing mineral deficiencies and supporting overall health in veterinary medicine. The integration of chelated minerals into pharmaceutical formulations reflects the industry's commitment to developing effective and bioavailable treatments for animals. citeturn0search3
The North American chelated trace mineral market is characterized by intense competition and ongoing innovation. Manufacturers invest heavily in research and development to introduce novel formulations, optimize production processes, and demonstrate the efficacy of their products through scientific studies and field trials. Regulatory compliance and quality assurance are paramount, ensuring the safety and integrity of chelated mineral supplements across various industries. Sustainability is also a growing concern, driving the adoption of eco-friendly practices and responsible sourcing of raw materials. Chelated trace minerals offer a sustainable solution by minimizing waste, reducing nutrient excretion, and maximizing nutrient utilization, thus promoting environmental stewardship and resource efficiency. citeturn0search0
In summary, the North American market for chelated trace minerals is expanding across multiple industries, including animal feed, dietary supplements, agriculture, and pharmaceuticals. Their superior bioavailability and essential role in various biological functions make them indispensable in these sectors, driving innovation and growth in the market.
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Archer Daniels Midland Company
Cargill
Incorporated
BASF SE
Kemin Industries
Koninklijke DSM N.V.
Nutreco N.V.
DLG Group
InVivo NSA
Bluestar Adisseo
Alltech
Titan Biotech Ltd
Chaitanya Group
LMF Feeds
Inc
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Chelated Trace Mineral Market
Online Sales
Offline Sales
Based on Types the Market is categorized into Below types that held the largest Chelated Trace Mineral market share In 2023.
Dry
Liquid
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Chelated Trace Mineral Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Chelated Trace Mineral Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Chelated Trace Mineral Market, By Type
6. North America Chelated Trace Mineral Market, By Application
7. North America Chelated Trace Mineral Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Chelated Trace Mineral Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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