The North America Zinc Methionine Chelates Market would witness market growth of 5.9% CAGR during the forecast period (2021-2027).
In animal feed, zinc methionine chelates are normally employed in small amounts. The major raw materials used in the manufacture of chelates are trace minerals like amino acids and zinc. It aids protein synthesis and is crucial in improving the characteristics of defensive enzymes. Zinc methionine chelates are used in R&D to increase product quality and lower the cost of the final product. The major purpose of chelated minerals is to improve feed quality while also optimizing the immune system and metabolic processes of animals.
Rising consumer awareness of animal nutritional requirements and inadequacies is predicted to boost demand for feed additives. In addition, the essential raw materials utilized in the manufacture of chelates are trace minerals like zinc and amino acids. Zinc is one of the most commonly used minerals in animal feed. It aids protein synthesis and aids in the enhancement of the characteristics of defense enzymes. Zinc deficiency in animals, on the other hand, can cause poor growth, loss of appetite, and a low reproduction rate. The rising demand for meat and meat products has prompted manufacturers to seek out disease-free, high-quality raw materials. As a result, there is a greater need to concentrate on the general health and development of animals.
The regional market is characterized by a large consumer base, especially in developed countries such as the US and Canada. In addition, the expanding affluent population with an increasing family income would help the market to flourish in this region. Moreover, consumers have greater spending ability for the fulfillment of their nutritional needs apart from regular diet obtained from cereals. Also, the growing per capita disposable income coupled with the growing health awareness regarding the consumption of animal protein would generate higher product demand in the region.
Furthermore, animal feed plays a crucial role in the food industry. Hence, the growing food industry in the region is directly proportional to the animal feed industry. This is because animal feed is essential for the availability of safe, and abundant animal proteins to satiate a huge population base.
The US market dominated the North America Zinc Methionine Chelates Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3,030.4 Thousands by 2027. The Canada market is anticipated to grow at a CAGR of 7.8% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2021 - 2027).
Based on Livestock Type, the market is segmented into Swine, Poultry, Aqua, Equine, Bovine, and Pets. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Zinc Methionine Chelates Market is Estimated to reach $18.4 Million by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zinpro Corporation, Novus International, Inc., UNO Vetchem, Titan Biotech Ltd., JH Biotech, Inc., Balchem, Inc., Chengdu Chelation Biology Technology Co., Ltd., Alltech, and Priya Chemicals.
By Livestock Type
By Country
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