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What is the Expected Expansion Rate of the Chelated Minerals Market in the 2024-2033 Forecast?

The market for chelated minerals has seen significant growth in the past few years. The estimated market worth is expected to surge from an estimated $4.32 billion in 2023 to about $4.68 billion in 2024, displaying a compound annual growth rate (CAGR) of 8.2%. The remarkable growth in the previous period can be accredited to the heightened awareness regarding micronutrient deficiencies, increased necessity for highly efficient fertilizers, the broadening of the animal feed industry, the evolution of agricultural practices, as well as governmental endeavors for applying micronutrients.

Predictions for the chelated minerals market size indicate substantial growth in the coming years, with an expectation to reach $6.44 billion by 2028 at a compound annual growth rate (CAGR) of 8.3%. This anticipated growth during the forecast period can be attributed to the ongoing expansion of precision agriculture, the growing recognition of sustainable agriculture, increased demand for organically-produced food, growth of animal husbandry practices, and government backing for sustainable agriculture. Key trends to watch for during this period are an increasing demand for organic chelates, growth in agriculture and aquaculture applications, tailored chelate solutions aimed at specific crops, innovation in chelation technologies, and an emphasis on human nutrition and nutraceuticals.

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What Factors Are Catalyzing the Growth of the chelated minerals Market?

The chelated minerals market is projected to expand in response to a rising demand for dietary supplements. Dietary supplements are designed to enhance the diet, and chelated minerals, which are promoted as superior to other dietary mineral supplements, are considered more bioavailable and thus easier for the body to utilize. As a result, a growing demand for dietary supplements is anticipated to stimulate demand in the chelated minerals market. For example, the 2021 CRN Consumer Survey on Dietary Supplements, which surveyed 3,089 adults in the US, including 2,421 regular or occasional supplement users, revealed that four out of five Americans use dietary supplements. This figure represents a significant increase from 73% in 2020 to 80% in 2021. Consequently, the growing appetite for dietary supplements is propelling the growth of the chelated minerals market.

Which Segments Are Important in the Chelated Minerals Market Landscape?

1) By Type: Calcium Chelated Minerals, Copper Chelated Minerals, Zinc Chelated Minerals, Chromium Chelated Minerals, Iron Chelated Minerals, Other Chelated Minerals

2) By Chelating Agent: Amino Acid, Polysaccharide Complex, Proteinate, Other Chelating Agents

3) By Form: Powder, Liquid

4) By Application: Animal Feed, Dietary Supplements, Pharmaceutical, Functional Food And Beverages, Other Applications

What Are the Groundbreaking Trends in the Chelated Minerals Market?

Innovation in product development is becoming the foremost trend in the chelated minerals market. Major firms operating in this space are advancing their market position through the creation of innovative products. For example, in May 2021, a biotech company from the United States, Chelated Minerals, introduced The Chelates, a full reaction to chelated minerals. The Chelates is known for its unique features like the usage of a special chelated technology for its production, allowing for easy absorption and eliminating any adverse impacts associated with mineral consumption because it doesn’t blend with inorganic minerals or contain maltodextrin. The chelates have been engineered to form complexes through a chemical process of combining minerals with amino acids.

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What Are the Key Regions Powering Growth in the Chelated Minerals Market?

North America was the largest region in the chelated minerals market in 2023. The regions covered in the chelated minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Chelated Minerals Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the chelated minerals market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Chelated Minerals Market Include

1. Chelated Minerals Market Executive Summary

2. Chelated Minerals Market Segments

3. Chelated Minerals Market Size And Template Market Growth Rate

4. Key Chelated Minerals Market Trends

5. Major Chelated Minerals Market Drivers

……

25. Key Mergers And Acquisitions In The Chelated Minerals Market

26. Top Chelated Minerals Companies

27. Chelated Minerals Market Opportunities And Strategies

28. Chelated Minerals Market, Conclusions And Recommendations

29. Appendix

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