March 03, 2023 09:00 ET | Source: Transparency Market Research Transparency Market Research

Albany, New York, UNITED STATES

Wilmington, Delaware, United States, March 03, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global chelated minerals market is projected to grow at a CAGR of 7.5% between 2021 and 2031. The global market is anticipated to surpass US$ 7.38 Bn by 2031. Demand for chelated minerals has been rising globally, as it has demonstrated to have positive health and nutritional effects on both humans and animals. Chelated minerals are more advantageous than inorganic minerals, and present lucrative opportunities in the dietary supplement industry. Individuals are increasingly becoming aware about the food they consume on a regular basis. Product makers are attempting to boost the supply of chelated minerals in order to meet the rising consumer demand. Chelated minerals are increasingly used in animal feed for improved mineral absorption, which is expected to fuel market demand in the near future.

More consumers are opting for protein-rich food products due to rise in purchasing power and rapid change in customer lifestyle. Demand for wholesome animal feed is increasing as a result of surge in animal illnesses caused by contaminated food, which also drives demand for chelated minerals. However, several major and small national and international businesses are active in the global chelated minerals market. This leads to pricing competition among market participants, which is expected to restrain  industry expansion.

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Key Findings of Market Report

Global Chelated Minerals Market: Growth Drivers

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Global Chelated Minerals Market: Regional Landscape

Global Chelated Minerals Market: Key Players

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Global Chelated Minerals Market: Segmentation

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