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Zinc Citrate Market Report 2024-2033 | Size, Growth, Demand, Trends
Zinc Citrate Market
As per the report, 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 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%.
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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.
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 suplement 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.
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
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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.
Contents of the report:
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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