Industrial Plant Derived Chelating Agent Market Size, Share, Analysis, Forecasts, 2032

Industrial Plant Derived Chelating Agent Industry Prospective:

The global industrial plant derived chelating agent market size was worth around USD 3,902.56 million in 2023 and is predicted to grow to around USD 5,651.44 million by 2032 with a compound annual growth rate (CAGR) of roughly 4.20% between 2024 and 2032.

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Industrial Plant Derived Chelating Agent Market: Overview

Chelating agents derived from natural plant-based sources for industrial applications are a part of the growing industrial plant derived chelating agent industry. They are used in industries for binding metal ions, thus preventing other components from being exposed to the metal ions resulting in unwanted reactions. The common applications of plant-derived chelating agents are registered in growing industries such as food & beverages, water treatment, and cosmetics & personal care sectors. The most common plant-derived chelating agents include tartaric acid, citric acid, malic acid, lactic acid, gluconic acid, and phytic acid. Each natural chelating agent is derived from a plant source and offers significant advantages over chemical counterparts. For instance, plant derived chelating agents in industries are free of toxic components and less harmful to humans, animals, and the environment. The demand for industrial plant-derived chelating agents is expected to grow at a steady pace during the forecast period, led by the surge in demand across end-user verticals. However, technical and application-related challenges of plant-based chelating agents will limit the industry’s expansion trend.

Key Insights:

• As per the analysis shared by our research analyst, the global industrial plant derived chelating agent market is estimated to grow annually at a CAGR of around 4.20% over the forecast period (2024-2032)
• In terms of revenue, the global industrial plant derived chelating agent market size was valued at around USD 5,651.44 million in 2023 and is projected to reach USD 3,902.56 million by 2032.
• The industrial plant derived chelating agent market is projected to grow at a significant rate due to the surging demand in the growing food & beverages industry
• Based on the form, the liquid segment is growing at a high rate and will continue to dominate the global market as per industry projection
• Based on the application, the food processing segment is anticipated to command the largest market share
• Based on region, Europe is projected to dominate the global market during the forecast period

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Industrial Plant Derived Chelating Agent Market: Growth Drivers

Surging demand in the growing food & beverages industry will generate more revenue

The global industrial plant derived chelating agent market is projected to be driven by the growing use of the products in the food & beverages (F&B) industry. The rising population density, increased urbanization rate, and the emergence of the food e-commerce industry have resulted in increased food demand. Nestle, one of the world’s most dominant players in the global F&B sector is currently valued at over USD 245 billion. In February 2024, Nestle India announced that it will invest INR 6500 crore in the Indian market till 2025. In April 2024, the company announced an investment of USD 195 million to increase the production capacity of its pet food segment in the US market. Such investments are observed across other food brands globally. In addition, F&B companies are eyeing the benefits of global advantage. Tapping into emerging economies such as India, China, and African nations will allow food companies to increase their total revenue.

Organic food segment to generate more demand for plant-based chelating agent

Consumer awareness around organic or natural food & beverages has improved in the last decade. Buyers are actively opting for organic food alternatives since inorganic food options tend to have several health and environmental implications. Several reports have emerged in recent times suggesting the ingredients in inorganic chemicals and fertilizers can be toxic to living beings. In November 2023, the World Cancer Research Fund International cited a report suggesting that excess consumption of ultra-processed foods increases the risk of several types of cancer, cardiovascular diseases, and diabetes. The environmental impact of inorganic food is related to water pollution, eutrophication, and water acidification. The growing accessibility of organic food options pushed by increased regional government efforts to promote organic farming will create more demand in the global industrial plant derived chelating agent market.

Industrial Plant Derived Chelating Agent Market: Restraints

Technical limitations of the ingredients will limit the industry’s growth rate

The global industry for industrial plant-derived chelating agents is projected to be restricted due to the technical limitations of the ingredients. Research indicates that chelating agents produced using plant-based sources are less stable as compared to chemical chelating agents. In addition to this, the natural products may be unable to meet the performance index of their chemical counterparts. Additionally, since plant derived complexing agents are produced in limited quantities, they are more expensive than synthetic alternatives resulting in restricted adoption.

Industrial Plant Derived Chelating Agent Market: Opportunities

Personal care & cosmetics industry to provide growth momentum during the projection period

The global industrial plant derived chelating agent market is expected to generate growth opportunities in the personal care & cosmetics industry. Chelating agents are actively used in personal hygiene products since they assist in protecting key components from oxidation. They help in stabilizing essential oils, vitamins, and essential fatty acids. The growing acceptance of chemical-free and natural personal care items across the globe will present more opportunities for chelating agents made using plant sources. According to market research, around 25% of the US population, including males and females, prefer organic skin care items.

Increased research & development (R&D) to study natural chelating agents will prove beneficial for the market players

The players operating in the industrial plant derived chelating agent industry are constantly investing in research & innovation. Businesses are researching new plant derived chelating agents and their applications. Moreover, focus is also directed toward broadening the use of existing chelating agents across industries. In June 2023, Israel Chemicals Ltd (ICL) announced the launch of a bioactive and biodegradable chelating agent after 5 years of intense research. The technology has shown significant improvements in soybean cultivation compared to existing solutions.

Industrial Plant Derived Chelating Agent Market: Challenges

Varying availability of raw materials may challenge the market expansion rate

The global industry for industrial plant derived chelating agent is expected to be challenged by the varying availability of raw materials. The production of plant-based chelating agents relies heavily on the availability of crops. The agricultural supply chain depends on crop yield, weather conditions, and export-import ratio along with several other external factors.

Industrial Plant Derived Chelating Agent Market: Segmentation

The global industrial plant derived chelating agent market is segmented based on form, distribution channel, and region.

Based on the form, the global market segments are liquid and solid. In 2023, the highest growth was witnessed in the liquid form. The segmental growth is driven by the ease of application of liquid chelating agents across industrial applications. They are easier to store and transport. The extensive demand for food products with minimal to zero exposure to chemicals is driving the segmental demand. Chelating agents are typically used in the range of 0.01% to 0.1% of the total food product weight.

Based on the distribution channel, the global industrial plant derived chelating agent industry segments are offline and online.

Based on the application, the global market segments are pharmaceutical, agriculture, healthcare, and food processing industries. In 2023, the highest demand was observed in the food processing industries. The segmental growth is a result of higher investments in the global F&B industry. The agriculture segment is driven by a surge in application of organic chemicals and fertilizers for crop production. The global organic agriculture market was valued at over USD 193 billion in 2023

Industrial Plant Derived Chelating Agent Market: Report Scope

Industrial Plant Derived Chelating Agent Market: Regional Analysis

Europe to witness the highest growth rate during the projection period

The global industrial plant derived chelating agent market is expected to be led by Europe during the forecast period. Countries such as France, Germany, the UK, and others are likely to emerge as the leading revenue generators in the region. Europe has been at the forefront of adopting sustainable systems across industries. Plant-based chelating agents are solutions that comply with Europe’s vision to incorporate less environmentally damaging solutions. The regional organic farming industry is one of the fastest-growing sectors. According to official data published by the Agriculture and Rural Development segment of the European Commission, the area for organic farming has increased by almost 66% in the last decade.

North America is expected to emerge as the second fastest-growing region in the industrial plant derived chelating agent industry in the coming years. The higher consumption of plant-based chelating agents in water treatment plants and the regional F&B sector will promote growth in the North American region. Moreover, the surge in research & development for the launch and development of new plant-based chelating agents will promote higher growth in North America.

Industrial Plant Derived Chelating Agent Market: Competitive Analysis

The global industrial plant derived chelating agent market is led by players like:

• Huntsman Corporation
• BASF
• Innospec
• Tate & Lyle
• ADM (Archer Daniels Midland Company)
• Kemira
• Nouryon
• AkzoNobel
• Solvay
• LANXESS
• Dow Chemical Company
• Croda International
• Evonik Industries
• Ashland Global
• Clariant.

The global industrial plant derived chelating agent market is segmented as follows:

By Form

• Liquid
• Solid

By Distribution Channel

• Offline
• Online

By Application

• Pharmaceutical
• Agriculture
• Healthcare
• Food Processing Industries

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa