Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Zinc Methionine Chelates Market size is expected to reach $18.4 million by 2027, rising at a market growth of 6.6% CAGR during the forecast period.
The Aqua segment is showcasing a CAGR of 9.7% during (2021 - 2027). This is because of the growing demand for high-quality, disease-free fish and fish products has resulted from increased intake of fish and fish products. This is projected to increase demand for aquafeed additives, which would in turn increase demand for zinc methionine chelates in feed formulations. Furthermore, the global aquaculture industry is predicted to fuel demand for chelates over the forecast period, because of the consumption of marine food products such as prawns and shrimps. When used as feed supplements, zinc methionine chelates decrease scaling and fouling, encourage effective and healthy growth, and supply vital nutrients for appropriate body function.
Asia Pacific is the fastest growing region in the Global Zinc Methionine Chelates Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7.1 million by 2027. The Europe market is estimated to grow at a CAGR of 6.1% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 5.9% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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