LAMEA 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
Special Offering: Industry Insights | Market Trends | Highest number of Tables | 24/7 Analyst Support
Get in-depth analysis of the COVID-19 impact on the LAMEA Zinc Methionine Chelates Market
Market Report Description
The Latin America, Middle East and Africa Zinc Methionine Chelates Market would witness market growth of 8.4% CAGR during the forecast period (2021-2027).
Zinc methionine is the most common metal complex, which is made by mixing zinc sulfate with the amino acid methionine. Zinc methionine chelates with organic molecules including amino acids and polysaccharides during the processing of trace minerals, making it easier to absorb. They help animals develop their fertility, eggshell quality, immunity, hoof and skin integrity, muscle, and milk production. Despite the fact that they are only used in trace amounts, their impact on animal health and productivity cannot be overstated. They're also utilized to help animals' metabolic and immunological systems work better.
Zinc methionine chelates are more water-soluble, stable, and quickly absorbed by the body than other supplements. Due to the significant price of raw materials, chelation technique, and delivery, mineral chelates are more expensive than inorganic minerals.
According to the United Nations' Food and Agriculture Organization (FAO), food demand is expected to increase by 60% by 2050, and animal protein production is expected to increase by 1.7 percent per year between 2010 and 2050, with meat production expected to increase by nearly 70%, aquaculture by 90%, and dairy by 55%. Some of the major trends of the regional market are strong demand for natural feed supplements. The need for appropriate animal health has grown as livestock production in the region and its suburbs has grown in response to increased demand for meat and dairy products. Moreover, changes in food preferences and greater intake of animal-based protein increased livestock product consumption has been witnessed recently in countries like Brazil and others.
The Brazil market dominated the LAMEA Zinc Methionine Chelates Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $567.5 Thousands by 2027. The Argentina market is exhibiting a CAGR of 9% during (2021 - 2027). Additionally, The Egypt market would display a CAGR of 7.8% 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 Brazil, Argentina, Egypt, Tanzania, South Africa, Nigeria, and Rest of LAMEA.
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
- South Africa
- Rest of LAMEA
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
Unique Offerings from KBV Research
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free