Europe Zinc Methionine Chelates Market Size, Share & Industry Trends Analysis Report By Livestock Type (Swine, Poultry, Aqua, Equine, Bovine, and Pets), By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Europe Zinc Methionine Chelates Market would witness market growth of 6.1% CAGR during the forecast period (2021-2027).
Growing awareness of available nutritional supplements for humans and animals, changing lifestyles, and rising demand for high-quality poultry and meat products are driving the market. In addition, the increased frequency of zinc deficiency in animals, as well as slow growth, lack of appetite, and low reproduction rates would play a major role in the industry expansion. On the other hand, the lack of awareness and the adverse effects of zinc methionine chelates would hamper the growth of the market during the forecasting period.
The zinc methionine chelates market is gaining traction due to a number of factors. Some of them include the rising occurrence of animal-related diseases like foot-and-mouth disease (FMD) and bird flu, as well as public awareness of animal nutritional deficiencies. In addition, animal feed fortified with zinc methionine chelate aids in the production of disease-free and high-quality meat products acceptable for human consumption. Furthermore, feed manufacturers' rising preference for organic and natural feed products is an emerging trend in the market. Zinc methionine chelates aid in protein synthesis and aid in the enhancement of defense enzyme characteristics.
Growing demand for meat and meat products in the region has necessitated a focus on animal health and hygiene, which has resulted in an increase in demand for feed additives. As a result, an increase in demand for feed additives would help the market for zinc methionine chelates in the region to expand. In recent years, countries such as Germany, France, and Italy have seen an increase in meat consumption, prompting manufacturers to seek out disease-free and high-quality animal products. The market for feed additives in the region is expected to be driven by increased demand for high-quality meat and meat products. The need for zinc methionine chelates in the feed additives business is predicted to increase as a result of this.
In addition, the aquaculture industry in the region has a significant demand for chelated minerals. The high consumption of seafood goods like fish, lobsters, crabs, and prawns can be ascribed to this.
The Germany market dominated the Europe Zinc Methionine Chelates Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,025.4 Thousands by 2027. The UK market is exhibiting a CAGR of 5.1% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 6.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Rest of Europe
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.
- Priya Chemicals
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