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.
Scope of the Study
Market Segments Covered in the Report:
By Livestock Type
- Swine
- Poultry
- Aqua
- Equine
- Bovine
- Pets
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Zinpro Corporation
- Novus International, Inc.,
- UNO Vetchem
- Titan Biotech Ltd.
- JH Biotech, Inc.
- Balchem, Inc.
- Chengdu Chelation Biology Technology Co., Ltd.
- Alltech
- Priya Chemicals
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Zinc Methionine Chelates Market, by Livestock Type
1.4.2 North America Zinc Methionine Chelates Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Zinc Methionine Chelates Market by Livestock Type
3.1 North America Swine Market by Country
3.2 North America Poultry Market by Country
3.3 North America Aqua Market by Country
3.4 North America Equine Market by Country
3.5 North America Bovine Market by Country
3.6 North America Pets Market by Country
Chapter 4. North America Zinc Methionine Chelates Market by Country
4.1 US Zinc Methionine Chelates Market
4.1.1 US Zinc Methionine Chelates Market by Livestock Type
4.2 Canada Zinc Methionine Chelates Market
4.2.1 Canada Zinc Methionine Chelates Market by Livestock Type
4.3 Mexico Zinc Methionine Chelates Market
4.3.1 Mexico Zinc Methionine Chelates Market by Livestock Type
4.4 Rest of North America Zinc Methionine Chelates Market
4.4.1 Rest of North America Zinc Methionine Chelates Market by Livestock Type
Chapter 5. Company Profiles
5.1 Balchem Corporation
5.1.1 Company Overview
5.1.2 Financial Analysis
5.1.3 Regional & Segmental Analysis
5.1.4 Research & Development Expenses
5.1.5 Recent strategies and developments:
5.1.5.1 Geographical Expansions:
5.2 Zinpro Corporation
5.2.1 Company Overview
5.2.2 Recent strategies and developments:
5.2.2.1 Acquisition and Mergers:
5.3 Alltech, Inc.
5.3.1 Company Overview
5.3.2 Recent strategies and developments:
5.3.2.1 Product Launches and Product Expansions:
5.4 Novus International, Inc. (Mitsui & Co., Ltd.)
5.4.1 Company Overview
5.4.2 Financial Analysis
5.5 UNO Vetchem
5.5.1 Company Overview
5.6 JH Biotech, Inc.
5.6.1 Company Overview
5.7 Chengdu Chelation Biology Technology Co., Ltd.
5.7.1 Company Overview
5.8 Priya Chemicals
5.8.1 Company Overview
5.9 Titan Biotech Ltd.
5.9.1 Company Overview
5.9.2 Financial Analysis
5.9.3 Regional Analysis
TABLE 1 North America Zinc Methionine Chelates Market, 2017 - 2020, USD Thousands
TABLE 2 North America Zinc Methionine Chelates Market, 2021 - 2027, USD Thousands
TABLE 3 North America Zinc Methionine Chelates Market by Livestock Type, 2017 - 2020, USD Thousands
TABLE 4 North America Zinc Methionine Chelates Market by Livestock Type, 2021 - 2027, USD Thousands
TABLE 5 North America Swine Market by Country, 2017 - 2020, USD Thousands
TABLE 6 North America Swine Market by Country, 2021 - 2027, USD Thousands
TABLE 7 North America Poultry Market by Country, 2017 - 2020, USD Thousands
TABLE 8 North America Poultry Market by Country, 2021 - 2027, USD Thousands
TABLE 9 North America Aqua Market by Country, 2017 - 2020, USD Thousands
TABLE 10 North America Aqua Market by Country, 2021 - 2027, USD Thousands
TABLE 11 North America Equine Market by Country, 2017 - 2020, USD Thousands
TABLE 12 North America Equine Market by Country, 2021 - 2027, USD Thousands
TABLE 13 North America Bovine Market by Country, 2017 - 2020, USD Thousands
TABLE 14 North America Bovine Market by Country, 2021 - 2027, USD Thousands
TABLE 15 North America Pets Market by Country, 2017 - 2020, USD Thousands
TABLE 16 North America Pets Market by Country, 2021 - 2027, USD Thousands
TABLE 17 North America Zinc Methionine Chelates Market by Country, 2017 - 2020, USD Thousands
TABLE 18 North America Zinc Methionine Chelates Market by Country, 2021 - 2027, USD Thousands
TABLE 19 US Zinc Methionine Chelates Market, 2017 - 2020, USD Thousands
TABLE 20 US Zinc Methionine Chelates Market, 2021 - 2027, USD Thousands
TABLE 21 US Zinc Methionine Chelates Market by Livestock Type, 2017 - 2020, USD Thousands
TABLE 22 US Zinc Methionine Chelates Market by Livestock Type, 2021 - 2027, USD Thousands
TABLE 23 Canada Zinc Methionine Chelates Market, 2017 - 2020, USD Thousands
TABLE 24 Canada Zinc Methionine Chelates Market, 2021 - 2027, USD Thousands
TABLE 25 Canada Zinc Methionine Chelates Market by Livestock Type, 2017 - 2020, USD Thousands
TABLE 26 Canada Zinc Methionine Chelates Market by Livestock Type, 2021 - 2027, USD Thousands
TABLE 27 Mexico Zinc Methionine Chelates Market, 2017 - 2020, USD Thousands
TABLE 28 Mexico Zinc Methionine Chelates Market, 2021 - 2027, USD Thousands
TABLE 29 Mexico Zinc Methionine Chelates Market by Livestock Type, 2017 - 2020, USD Thousands
TABLE 30 Mexico Zinc Methionine Chelates Market by Livestock Type, 2021 - 2027, USD Thousands
TABLE 31 Rest of North America Zinc Methionine Chelates Market, 2017 - 2020, USD Thousands
TABLE 32 Rest of North America Zinc Methionine Chelates Market, 2021 - 2027, USD Thousands
TABLE 33 Rest of North America Zinc Methionine Chelates Market by Livestock Type, 2017 - 2020, USD Thousands
TABLE 34 Rest of North America Zinc Methionine Chelates Market by Livestock Type, 2021 - 2027, USD Thousands
TABLE 35 Key information – Balchem Corporation
TABLE 36 Key information – Zinpro Corporation
TABLE 37 Key Information – Alltech, Inc.
TABLE 38 Key information – Novus International, Inc.
TABLE 39 Key information – UNO Vetchem
TABLE 40 Key information – JH Biotech, Inc.
TABLE 41 Key information – Chengdu Chelation Biology Technology Co., Ltd.
TABLE 42 Key information – Priya Chemicals
TABLE 43 Key Information – Titan Biotech Ltd.
List of Figures
FIG 1 Methodology for the research