Increasing need for animal protein promotes the Global Trace Minerals (Chelated) Market
Market overview:
The global Trace Minerals (Chelated) Market was at 472 million US dollars in 2020, and it is predicted that it will reach a valuation of 608 million by 2025 at a CAGR of 5.2% during the conjecture period.

Market Drivers and Restrains:
The global Trace Minerals (Chelated) market is growing at an impeccable revenue rate owing to the increase in demand for feed and feed additives, rise in demand for animal protein in human diets and other supporting aspects. Also, an increase in the production of compound feed, surge in demand for animal protein in human diet are some other driving factors that helps the growth of the market revenue rate. However, stringent regulatory frameworks from the government authorities and high price associated with trace minerals are the major restraints effecting the growth of the market of Trace Minerals.

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Report is segmented as:
The global Trace Minerals (Chelated) market is segmented by type, livestock, chelate type and form.
By type, the Trace Minerals (Chelated) market is segmented into zinc, copper, cobalt, manganese, iron, chromium, iodine and selenium. By livestock, the market of Trace Minerals (Chelated) is segmented into poultry, ruminant, swine, aquaculture, equine and pets. By chelate type, the market of Trace Minerals (Chelated) is segmented into amino acids, proteinates, polysaccharides, propionates and peptides. By form, the market is bifurcated into dry and liquid.

Geographical Segmentation:
The European region is expected to experience high demand as it is one of the largest consumes of trace minerals in feed and is growing at a modern rate. This is also expected to hold the dominance of the market during the foreseen period. North America accounts for the second largest share of the market due to the increasing investments for research and development by the local companies.

Impact of COVID 19 on Trace Minerals (Chelated) Market
Most of the companies are facing financial crisis due to the coronavirus pandemic as they are forced to halt their manufacturing units due to the strict lockdown situations imposed by the government authorities. Some companies have terminated their employees as they are not in a position to pay salaries within this financial crisis. As per the analysis from the industry experts, the trace minerals market is going to boost up in the next few months since the companies have recently restarted their productions after lockdown relaxations.

Key market players:
Major players of Trace Minerals (Chelated) market include Alltech (US), Zinpro (US), Orffa (Netherlands), Novus International (US), Kemin Industries, Inc. (US), Lallemand, Inc. (Canada), Virbac (France), Green Mountain Nutritional Services Inc. (US), Biorigin (Brazil), Tanke (China), JH Biotech, Inc. (US), QualiTech, Inc. (US), Cargill, Incorporated (US), Archer-Daniels-Midland Company (ADM) (US), BASF SE (Germany), Bluestar Adisseo Co., Ltd (China), Koninklijke DSM N.V. (Netherlands), Nutreco N.V. (Netherlands), Global Animal Nutrition (US), Dr. Paul Lohmann Gmbh & Co. KGAA (Germany), Biochem Zusatzstoffe (Germany), Veterinary Professional Services Ltd. (Vetpro) (New Zealand), Chemlock Nutrition Corporation (US), dr. eckel animal nutrition gmbh & co.kG (Germany), Vetline (India).

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Scope of the report:
The report offers a comprehensive examination of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in influencing the market dynamics and trends discussed in detail at the product level. Further, the performance of the market at the regional and country-level had assessed and the prospects with huge growth potential identified and debated.
The key players in the industry are profiled giving insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry had provided. The report also provides a broad outlook of the current market along with recommendations from industry experts on the opportunities for investment activity.
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