Chelated iron agricultural micronutrients market is anticipated to grow at a CAGR of 6.9% during the forecast period. The rising inclination towards consuming healthy food has resulted in increasing focus on farmers boosting their agriculture productivity by using advanced nutrient ingredients and fertilizers. However, the rapid shift in consumer behaviour has also encouraged food manufacturers towards utilizing premium and high-quality supplements in their products to meet the current rising market demand. Moreover, the rise in efforts of the government to support the agriculture sector along with the contribution of the agriculture sector to the country’s GDP led to the expansion of the global chelated iron agricultural micronutrients market. For instance, as per the US Department of Agriculture (USDA), agriculture, food, and related industries contributed $1.05 trillion to the US GDP in 2020. Moreover, with an 11.9% share, food ranked third- behind housing and transportation in terms of expenditures of the US household in 2020. The restraining factor that hinders the market growth is the lack of awareness among the farmers regarding the proper utilization and benefits of micronutrients such as zinc, copper, and iron, which creates a challenge for the growth of the global chelated iron agricultural micronutrients market.
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Chelated Iron Agricultural Micronutrients Market Segmentation
By Type
- Organic
- Inorganic
By Application
- Cereals
- Pulses and Oilseeds
- Fruits and Vegetables
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Agroplasma S.L
- Andersons, Inc.
- ATP Nutrition
- Aushadh Ltd
- Baicor LLC
- Brandt Inc.
- Compo Expert GmbH
- Haifa
- Micronisers Pty Ltd.
- Napnutriscience
- Nouryon Chemicals Holding B.V.
- Nutrien Ltd.
- SQM
- Valagro S.P.A
- Verdesian Life Sciences
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