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Zinc Citrate Market Trends, Top Companies, Share, Growth And Forecast 2033
Zinc Citrate Market Trends
Zinc Citrate Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $2.52 billion In 2028 At A CAGR Of 6.3% :
The zinc citrate market size has grown strongly in recent years. It will grow from $1.86 billion in 2023 to $1.97 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to nutritional supplements demand, pharmaceutical industry applications, growing awareness of zinc benefits, oral health products developmen, functional food and beverage trends, rising zinc deficiency concerns, use in cold remedies.
The zinc citrate market size is expected to see strong growth in the next few years. It will grow to $2.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to continued growth in dietary supplemen*ts market, focus on immune health, innovation in functional foods, expanding use in skincare products, customized nutritional solutions, incorporation in functional beverages. Major trends in the forecast period include product innovation and formulation, preference for bioavailability, research on potential health benefits, regulatory support and standards, sustainable sourcing and production practices.
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Zinc Citrate Market Major Segments
The zinc citrate market covered in this report is segmented -
1) By Type: Dihydrate, Trihydrate
2) By Form: Liquid, Powder
3) By Application: Personal Care, Health Care, Food and Beverage, Agriculture, Other Application
Key Driver - Surging Demand In The Pharmaceutical Industry Boosts Growth In The Zinc Citrate Market
Increasing demand for the pharmaceutical industry is expected to propel the growth of the zinc citrate market going forward. The pharmaceutical industry refers to the industry that involves the development, production, and discovery of medical drugs. Zinc citrate has antimicrobial and anti-inflammatory effects and is beneficial in dental care products such as mouthwashes, chewing gum, and toothpaste. It also reduces the common cold; as a result, it is used as a component in pharmaceutical drugs. For instance, in August 2021, according to the Office for National Statistics, a UK-based government department, the manufacture of pharmaceuticals increased by US$1.12 billion (8%) to a total of US$15.25 billion in 2020. Therefore, increasing demand for the pharmaceutical industry drives the zinc citrate market.
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Prominent Trend - Innovative Nutritional Supplements With Zinc Citrate
Innovative nutritional supplements using zinc citrate components are a key trend gaining popularity in the zinc citrate market. Zinc citrate in nutrition improves immunity, blood sugar levels, and eye, heart, and skin health. As a result, major nutritional companies are using zinc citrate to produce innovative nutritional supplements to gain a competitive edge in the market. For instance, in April 2022, ChromaDex Corp., a US-based dietary supplemen*t company, launched Tru Niagen Immune. This product includes a unique combination of high-quality and proven immune-boosting nutrients (vitamins C, D, and zinc citrate), along with ChromaDex's proprietary NAD-boosting ingredient Niagen®, a patented nicotinamide riboside, and serves better nutrition for its consumers.
Zinc Citrate Market Players
Major companies operating in the zinc citrate market report are Advanced Compounds International Inc., Continental Chemical USA, Dr. Paul Lohmann GmbH KG, Changzhou Feiyu Chemical Company Limited, Gadot Biochemical Industries Limited, Global Calcium Private Limited, Jost Chemical Company, Jungbunzlauer Suisse AG, KIC Chemicals Inc., Kronox Lab Sciences Limited, Noah Technologies Corporation, Sucroal SA, TIB Chemicals AG, Nantong Hengsheng Fine Chemical Industry Limited Company, Shandong Hengtong Biotechnology Company Limited, Ningxiang Xinyang Chemical Company Limited, Suqian Modern Biology Technology Company Limited, American Elements Corporation, Seidler Chemical Co. Inc., Feiyu Chemical, Pure Innovation, Ajinomoto Co. Inc., Wego Chemical Group, Spectrum Chemical Manufacturing Corp., MP Biomedicals LLC, Alfa Aesar, GFS Chemicals Inc., ChemCeed LLC, Zhejiang Tianyi Food Additive Co. Ltd., Shijiazhuang Donghua Jinlong Chemical Co. Ltd., Shanghai Ruizheng Chemical Technology Co. Ltd., Wuhan Fortuna Chemical Co. Ltd., Hubei Ocean Biotech Co. Ltd.
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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the zinc citrate market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the zinc citrate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Zinc Citrate Market Report Structure
3. Zinc Citrate Market Trends And Strategies
4. Zinc Citrate Market - Macro Economic Scenario
5. Zinc Citrate Market Size And Growth
…..
27. Zinc Citrate Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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